Blockchain

The Bank for International Settlements (BIS) unveiled a new initiative called the Payments Interoperability and Extension (PIE) task force, which will feature the participation of the blockchain-powered payment platform Ripple (CRYPTO: XRP). In a recap of the PIE task force gathering held on...

PayPal (NASDAQ: PYPL) on Monday announced its new U.S. dollar-denominated stablecoin, PayPal USD (CRYPTO: PYUSD), emphasizing its full backing by U.S. dollar deposits, short-term U.S. treasuries and other cash equivalents. The company stated that PYUSD can be redeemed on a 1:1 basis...

Cryptocurrency exchange Huobi experienced a net outflow surpassing $73.3 million this past week. This development coincides with reports of several of its top executives being detained by authorities in China, The Block reported. By 4:30 p.m. HKT, the exchange registered token outflows amounting to...

Google Cloud has become a validator on the Celo network, a move that is set to bolster the network's security. Google Cloud now joins a diverse group of validators, including Deutsche Telekom and impactMarket, in validating the Celo platform. This collaboration is part of a broader effort to...

Ron Austring, chief scientist of Synerio (previously EHR data), is working towards providing a single source of truth for healthcare data on a public blockchain. The company has two APIs; a data exchange that takes data in and allows it to go out (data providing and data consuming), and a...

While it's true that startup funding has been difficult to come by in 2023, that doesn't mean that the well has dried up completely — that's especially true in the crypto space.  Last week, crypto startups raised more than $200 million in venture funding, led by a $54 million raise for...

The 2023 year has been one of many huge headline news items for the cryptocurrency sector, including many concerning regulation and the treatment of tokens as securities. Several trading platforms have made decisions to delist tokens. Here’s a look at the timing of one notable delisting and...

Despite the ongoing digitization of payments, this industry is still struggling to meet the growing demands of the public. Because of this, many financial market players are looking towards blockchain as a potential way to speed up the process. Blockchain is a groundbreaking technology that offers...

Binance Holdings Ltd., the world's largest cryptocurrency exchange in terms of daily trading volume, has faced significant challenges and negative impacts as a result of legal actions initiated by the U.S. Securities and Exchange Commission (SEC). The company has been subjected to legal scrutiny...

Cryptocurrency mining company Argo Blockchain (NASDAQ: ARBK), based in London, raised almost $7.5 million by issuing new shares. The funds raised from this share sale, which included a private placement of £5.134 million ($6,635,386.96) and a public sale of £616,000 ($796,143.04),...

A digital wallet that had accumulated over 61,000 Ether (CRYPTO: ETH) during the initial coin offering (ICO) about eight years ago has now transferred the entire amount to another wallet. The wallet in question is believed to be associated with the cryptocurrency exchange, Kraken. The value of...

Terraform Labs has appointed a new interim CEO, Chris Amani, amid the ongoing legal troubles of its co-founder, Do Kwon. What Happened: Amani, previously the company's COO and CFO, is stepping in to lead the crypto firm during this challenging time, The Wall Street Journal reported....

Ripple is optimistic that U.S. banks and other financial institutions will begin to adopt its XRP token (CRYPTO: XRP) for cross-border payments. This follows a significant ruling that the token is not necessarily a security. Stu Alderoty, Ripple’s general counsel, revealed in an...

The collapse of FTX Trading Ltd. in November took the cryptocurrency market by storm, shaking up the already fragile sector.  Industry experts have referred to the crypto exchange's bankruptcy as its "Lehman moment," alluding to the historic 2008 collapse of Lehman Brothers Inc., which...

Expressing grave concerns about the potential misuse of the metaverse and cryptocurrencies by terrorist organizations, Indian Home Minister Amit Shah on Thursday asserted that the virtual world is likely to become a breeding ground for terrorists to brainwash youth, employ and train new...