Three Arrows Capital seeks to increase claim against FTX to $1.5B

Decentralized autonomous organization (DAO) Maker will launch a new type of Dai (DAI) stablecoin today. Known as Multi-Collateral Dai (MCD), the new type of the DAI will be backed by several types of collateral in contrast to the existing Single-Collateral Dai (SCD), which will now be called Sai (SAI). While Maker previously announced the new protocol…

Jeju Island and blockchain company Iconloop are proceeding with a full rollout of their COVID-19 contact tracing app following successful pilots. 1516 Total views 11 Total shares  Jeju Island, a major tourist destination in South Korea, is introducing a government-backed, system for tracking COVID-19 contacts based on blockchain technology.On Jan. 14, the Jeju Special Self-Governing…

The price of Bitcoin (BTC) has hit $12,000 again, and traders are becoming more optimistic that the digital asset will hold the key level this time.So far in 2020, BTC has topped the $12,000 level four times (all since Aug. 2), but flipping the crucial resistance level to support has been a huge challenge.Cryptocurrency daily market performance…

In late August various crypto media reported that Tether planned to issue a Chinese yuan-backed stablecoin. Bitfinex shareholder Zhao Dong told ChainNews that the stablecoin would be called CNHT and be held in offshore accounts. Zhao also said that his peer-to-peer lending platform, RenrenBit, had invested in the project and on Sept. 9 Tether officially…

The PCPD ruled that Worldcoin’s retention of sensitive biometric data, including face and iris images, for up to 10 years solely for AI model training was unjustified.

The 103-year-old bank wants to hold crypto for asset managers and hedge funds as Wall Street begins offering cryptocurrency products to institutional clients. 3244 Total views 21 Total shares Cowen Inc., an independent American investment bank established over a century ago, is set to become the latest mainstream financial services company to enter the crypto…

Ethereum's staking rewards hit a record 8.6% post-Merge, with validators earning $46 million in the first week of May, citing the memecoin craze responsible. 169 Total views 2 Total shares Validators earned a total income of $46 million in the first week of May as a result of the increase in the staking rewards rate,…

Existing L2 networks can increase their transaction and smart contract throughput by 100 times by utilizing Sovereign Chains.