Through Taproot Assets, Lightning Labs is bringing stablecoins to Bitcoin and Bitcoinizing traditional assets including the dollar. Bitcoin layer-2 infrastructure firm Lightning Labs has officially launched the mainnet of Taproot Assets, a protocol that supports the issuance of stablecoins and real-world assets on the Bitcoin and Lightning networks. According to an official announcement, the mainnet release will support functionality on the Bitcoin blockchain, with support for Lightning...
Read More »FTX Diverted Customer Funds to Buyback Stake from Rival Company Binance
It was disclosed that FTX customers’ money was spent on business investments, political and charity donations, and real estate. Beleaguered cryptocurrency exchange FTX spent customer’s deposits for business investments, political contributions, charitable donations, real estate, and the buyback of shares from competitor exchange Binance. During a hearing on Wednesday at the ongoing Sam Bankman-Fried (SBF) trial, professor Peter Easton, an accounting officer hired by the US Department of...
Read More »Google Conducting Another Round of Layoffs in Its News Division
Over the last 2 years, there have been a few cuts within the company as part of its goal to “deliver durable savings through improved velocity and efficiency”. Tech giant Google LLC (NASDAQ: GOOGL) has cut at least 40 jobs in its Google News division. According to those familiar with the matter, the reason behind the layoff round is the uncertainty and sensitive time for online platforms and publishers. The exact number of those who lost their job at the Google News unit is not confirmed....
Read More »Executive Director of Binance France Resigns amid Ongoing Regulatory Scrutiny
With Stéphanie Cabossioras’ resignation, she joins at least 10 other senior executives who have left Binance this year. Stéphanie Cabossioras has resigned from her role as executive director of Binance France, the French arm of the world’s largest cryptocurrency exchange. Her departure comes as the latest in a series of high-level exits from Binance and occurs against a backdrop of heightened regulatory pressure on the company. Cabossioras was appointed to lead Binance France in April...
Read More »Capitalizing on the Ether: Ways to Amplify Your Earnings with Ethereum Using Klever
Navigating through the intricate world of cryptocurrencies, Ethereum has firmly established itself not merely as a digital currency but as a multifaceted blockchain platform. Its digital currency, Ether (ETH), has become one of the most recognized and invested cryptocurrencies in the world. The Ethereum platform, revered for its utility, especially in decentralized finance (DeFi) and non-fungible tokens (NFTs), presents numerous avenues through which individuals and...
Read More »BNB Chain’s Greenfield Mainnet Debuts for Decentralized Data Storage
BNB Chain – the community-driven blockchain ecosystem – announced the public launch of the Greenfield Mainnet. According to the official blog post, Greenfield is a decentralized storage-centric network designed to cater to data-intensive decentralized applications within the BNB ecosystem. This network aims to offer customizable storage solutions that seamlessly integrate with smart contracts on the BNB Smart Chain. BNB Doubles Down on Decentralized Data Storage During...
Read More »Blockchain.com and TON Foundation Introduce Toncoin Incentive Program
[PRESS RELEASE – Zug, Switzerland, October 18th, 2023] Today, The Open Network Foundation (TON Foundation), the non-profit Swiss organization working towards growing a Web3 ecosystem within Telegram, has announced a collaborative endeavor with Blockchain.com, one of the world’s most trusted and popular platforms for retail customers and institutions to buy, sell, and trade cryptocurrency. Through this collaboration, Blockchain.com and TON Foundation will make crypto more...
Read More »Plant Ripple Börsengang?
Plant Ripple den Börsengang? Ein Stelleninserat auf der Ripple Website deutet darauf hin: Der XRP-Entwickler bietet ein jährliches Gehalt von 143.792 bis 179.740 US-Dollar für diese spezielle Position. In der Stellenbeschreibung heisst es: At Ripple, we’re building a world where value moves like information does today. It’s big, it’s bold, and we’re already doing it. Through our crypto solutions for financial institutions, businesses, governments...
Read More »Roblox Does Not Accept Crypto Payment, Denies Adopting XRP after Viral BitPay Tweet Spreads Misinformation
The situation first arose when BitPay posted a tweet stating that Ripple (XRP) could now be used to buy items in games that use BitPay, including Roblox and Smite. Popular gaming platform Roblox found itself at the center of some confusion on Tuesday after a now-deleted tweet from cryptocurrency payment processor BitPay claimed that Ripple’s XRP could be used to make in-game purchases. The unsubstantiated claims rapidly spread across social media, leading many users to speculate that...
Read More »Hong Kong-based Crypto Exchange OSL Denies Being on Sale
OSL exchange’s parent firm has denied reports that its on sale with an estimated valuation of 1 billion Hong Kong dollars ($128 million). BC Technology, the parent firm of Hong Kong-based licensed crypto platform OSL, denied reports that the exchange is up for sale. BC Technology, the parent company of OSL, has refuted Bloomberg’s report on the pending sale as “factually inaccurate and highly misleading” in a statement filed with the Hong Kong Stock Exchange. As per the Bloomberg report,...
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