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Ant Launches Business Trade Blockchain in Run-Up to $35B IPO
Sep 25, 2020 at 09:26 UTCUpdated Sep 25, 2020 at 09:28 UTCAnt Group has launched a cross-border trading blockchain platform as it prepares for what could be the largest stock market flotation of all time. Ant said Friday that its new trade platform, called "Trusple," will make it easier for small and medium-sized enterprises (SMEs)…
Federal Prosecutors Investigate Former FTX Executive Over Possible Campaign Law Violations: WSJ
Federal prosecutors in Manhattan are investigating a former FTX executive over possible violations of campaign finance law related to his girlfriend's congressional campaign last year, the Wall Street Journal reported on Tuesday.Ryan Salame, who was FTX's co-chief executive of its Bahamas-based unit, is being investigated for potentially illegally avoiding federal limits on contributions to Michelle…
Overstock’s Medici Ventures Leads $7 Million Round for Blockchain Voting Startup
news Blockchain-based mobile voting platform Voatz has raised $7 million in a Series A round led by Overstock’s Medici Ventures and Techstars. Urban Innovation Fund and Oakhouse Partners also participated in the funding, according to an announcement provided to CoinDesk Thursday. Voatz said it will use the investment to develop the accessibility and usability of its…
Immutable, Web3 Gaming Platform, Launches zkEVM Testnet in Bid to Diversify Infrastructure
Immutable, a web3 gaming platform, announced today that it is commencing public testing of a new layer-2 blockchain, Immutable zkEVM, in a bid to reduce dependence on a single network infrastructure.The zkEVM is a zero-knowledge (ZK) rollup, a scaling feature aimed at reducing gas fees and increasing transactions, that is compatible with the Ethereum Virtual…
Here Are Six New Projects Looking to Mitigate Bitcoin Mining’s Energy Footprint
The environmental impact of bitcoin mining was trending again in the last few weeks due to a Texas bill looking to limit its grid participation and a New York Times article that condemned the industry.Bitcoin mining consumes about 145 terawatt hours (TWh) of electricity per year, says data from Cambridge University’s Centre for Alternative Finance,…
Facebook’s Libra Crypto Code Draws Critiques and Clones
feature The early-access code for Facebook’s Libra cryptocurrency hit GitHub two weeks ago — and in that time, critics and would-be trollers have taken aim at the project. Spun-up by the social media giant and presently managed by the non-profit Libra Association, the project on GitHub has been saved or “starred” by close to 10,000…
Japan Eyes Regulation of Unregistered Crypto Investment Schemes
news Japan’s financial regulator is reportedly looking to close a legal loophole that lets unregistered investment firms solicit funds in cryptocurrencies rather than cash. According to a report from Sankei Shimbun on Tuesday, Japan’s Financial Service Agency (FSA) is planning revisions to bring such schemes under the country’s Financial Instruments and Exchange Act, although no…
Huobi Revamps HUSD Stablecoin to Help Power ‘Fiat On-Ramp’
news Huobi is replacing its current stablecoin solution with a new ERC-20 token. Also called HUSD, Stable Universal Limited created the new token, which “will be regulated and audited to be 1:1 to the actual value of U.S. dollar,” according to a press release. “In today’s cryptocurrency markets, traders always need access to a safe,…