Tag Archives: Blockchain Technology

The city of Austin, Texas is working hard to rebrand itself as one of the biggest bitcoin and crypto hubs in the United States. The region is now creating several initiatives slated to attract a wide array of bitcoin, blockchain, and digital currency enterprises. Austin, TX Is Working on Several Crypto Initiatives The mayor of Austin Steve Adler has drafted two individual resolutions that will establish a lasting crypto sector in the city. The division will work on...

Cega Finance – a decentralized finance platform – has earned more than $4 million in seed money from firms such as Dragonfly Capital Partners, Coinbase Ventures, Alameda Research, and Solana Ventures. Cega Finance Completes $4 Million Funding Round Cega seeks to bring exotic derivative capabilities to crypto. At press time, the Cega team consists of several monetary experts, experienced developers, Y Combinator founders, and a former options trader. The company’s staple...

Face Pay Inc. – a firm that looks to help credit card companies avoid or eliminate third-party fees – announced it is unveiling its own cryptocurrency known as Face Pay Crypto. Face Pay Is Launching a New Crypto System The company made headlines roughly two years ago when it launched a new fixed-price subscription service. Now, the enterprise will be entering the digital asset market so customers can shop utilizing currencies like bitcoin, Ethereum, and similar altcoins....

Muneeb Ali – a doctor of computer science who graduated from Princeton – has raised a whopping $150 million to create a New York-based company he’s calling Trust Machines, which he’s establishing with fellow Princeton doctor JP Singh. The company seeks to unleash the “true potential of bitcoin” by creating decentralized finance applications, DAOs, and non-fungible tokens (NFTs), a growing marketplace for crypto investors and developers. Ali Is Bringing Trust Machines to...

David Marcus – head of the blockchain department at Facebook, now known as Meta – has stated he will be exiting his position and leaving the social media giant at the end of 2021. David Marcus Is Taking a Different Path Marcus is a former PayPal executive that joined forces with Facebook to release a new cryptocurrency that people could use to pay for goods and services. Known as Libra, the currency would be tied to a wallet system called Calibra, which would store...

Multi-industry consulting firm Treliant has brought Michael Saxon onboard as its new senior director. Saxon will work to grow the company’s blockchain and cryptocurrency advisory services for the company’s expanding list of clients. Saxon Is the Man for the Job Saxon has worked as a consultant for the past several years in the blockchain space. Not only has he advised many up-and-coming firms, but he has also led several new projects that have pushed the digital currency...

Sino-Global Shipping America, Ltd. Is looking to expand its growth in the cryptocurrency market. To do this, the company is experiencing some solid changes in management. Sino-Global Is Shifting Towards Crypto For example, Sino-Global chairman and chief executive officer Lei Cao has stepped down from his latter role with the company. Having been with the company for roughly 20 years, he will remain chairman of Sino-Global, but will not serve in an executive capacity. The...

As the former Securities and Exchange Commission (SEC) chairman, Jay Clayton oversaw the financial agency for approximately four years. He came down hard on the industry many times, and initiated penalties to companies that claimed their securities were mere “tokens” or “coins” that the SEC held no jurisdiction over. Jay Clayton On the Future of Crypto However, despite this hardcore attitude, Clayton is quite positive about the future of crypto. He thinks that blockchain...

The strange and crazy circumstances surrounding the recent hacking of the Poly Network have reached an odd, yet definitive conclusion. The Poly Network Is Rich Again! Not long ago, the Poly Network – which hosts several blockchains including those of Ethereum, Binance and of course, Poly – stated that it was the victim of a hack that saw more than $610 million in digital funds practically vanish overnight. The company halted all withdrawals and deposits and said in a...

Not long ago, Live Bitcoin News reported a story that the Poly Network had been hacked. The organization lost more than $610 million in digital funds at the hands of a hacker who claimed in a future Q&A session that he was only doing it “for fun.” The Poly Network May Employ Its Hacker In a strange twist, the hacker ultimately returned more than half of the stolen money, saying that he was never about the riches but rather that he was interested in taking advantage...