Marie Fitzgerald
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Prosecutors Investigate Do Kwon with Ponzi Fraud Charges amid Terraform Labs Dissolvement
Marie Fitzgerald - 0
Do Kwon’s scandal seem to be deepening. Prosecutors are investigating whether they will file Ponzi fraud charges against him following the Terra crash, according to The Korea Times.
This comes a day after LUNA and UST investors filed a legal complaint against Do Kwon and Daniel Shin, the co-founders of...
Speaking at the Permissionless 2022 Conference in Florida, the U.S., Ethereum Researcher Justin Drake disclosed that the merge of Ethereum (ETH) might happen in August.
Market insight provider Bankless pointed out. He noted:
“Strong desire to make this happen before difficulty bomb in August. Stars are aligned.”
Meanwhile, Ethereum core developer...
After more than a decade of actively investing in the gaming industry, Andreessen Horowitz (a16z) wants to further exert its influence in that space.
In order to do this, the investment giant has floated a $600 million fund which it believes will help position it aright to tap...
Terraform Labs, Luna Foundation Guard Bought 3.06m AVAX in total: Avalanche Foundation
Marie Fitzgerald - 0
The Avalanche Foundation announced via Twitter on Friday that Terraform Labs and the Luna Foundation Guard (LFG) have purchased 3.06 million AVAX in total.
The announcement came following an inquiry from members of the Avalanche Community about the details around the AVAX reserves held by Terraform Labs and the...
Commonwealth Bank of Australia (CBA) announced on Thursday that it has paused the rollout of cryptocurrency trading through its banking app amid uncertainty in the market.
In November, the largest bank in Australia announced plans to allow its customers to purchase and sell crypto through its banking app.
The Commonwealth Bank had...
Legalizing Crypto Payments Will Happen “Sooner or Later”: Russia Trade Minister
Marie Fitzgerald - 0
Within months, the sentiments to ban cryptocurrencies in Russia have changed dramatically, and at present, key government officials are the ones advocating for ways to incorporate the nascent asset class into the system.
In a recent revelation, Russia’s Minister of Industry and Trade Denis Manturov said the move to...
Bahamas’ Sand Dollar CBDC Begins Facial-Recognition Rollout to Authorize Mobile Payments
Marie Fitzgerald - 0
Sand Dollar CBDC has continued to advance its usage and started addressing the issue of user authentication.
SunCash, a financial institution authorized to provide Sand Dollars in the Bahamas, announced on Thursday that it has partnered with PopID Inc software company to allow holders of the Bahamian Sand...
Brazilian Digital Bank Neon Triples Annual Revenue in 2021 as Demands Stays Strong
Marie Fitzgerald - 0
Brazilian digital bank Neon announced on Thursday that its revenues grew 3x in 2021.
Neon stated that it expects to see its revenue rise more than double this year. The digital bank further disclosed that it doubled its headcount from 800 to 1,600 employees in 2021 and expects to hire an additional...
Blockchain gaming startup N3TWORK Studios has secured $46 million in Series A funding led by venture capital firm Griffin Gaming Partners.
The funds raised will be used to develop two web3 games from the studio, Legendary: Heroes Unchained and Triumph.
Investors also include Kleiner Perkins, Galaxy Interactive, KIP, Floodgate, LLL...
Chia Network Inc. announced that it has become a member of a Blockchain Association, an industry leader championing the collaboration and innovation necessary to support U.S. leadership in the crypto industry.
The association is a member-led organization committed to enhancing the public policy environment for digital assets. With more...