Octagon Networks – a cyber security company headquartered in Addis Ababa – converted its entire balance sheet and all its liquid assets into the primary cryptocurrency. In addition, it embraced bitcoin as a payment method for its services. ‘Bitcoin Will Lead the World Toward a Better Future’ The Ethiopia-based Octagon Networks declared its firm support...Read More
Tom Tate, the Mayor of Gold Coast metropolitan, has suggested that Australians could pay their council rates, otherwise known as local property taxes, in cryptocurrency. “Why can’t we pay rates on cryptocurrency if the risk is not high?” he said. He also noted that the council will recruit a chief investment officer tasked with promoting...Read More
[PR – Essex, United Kingdom, 6th June, 2022, Chainwire] WeCryptoEco, the brainchild of business visionaries James Ross and Roderick Chisholm, is exploding onto the scene. Founded in 2022, WeCryptoEco, the environmentally friendly crypto mining project, is changing the process by lessening the impact on the earth’s resources. At WeCryptoEco, the team is building the world’s...Read More
Mr. Jason Choi, a member of Forbes’ 30 Under 30 list, co-founded Spartan Group. The Spartan Group is APAC region’s most successful Web3 VC fund. Mr. Jason has expressed his thoughts on the current crypto “bottom.” DeFi 2.0 Lost 98.5% On An Average According to Mr. Choi’s data, all forms of utility and governance holdings...Read More
[PR – Venhuizen, Netherlands, 6th June, 2022, Chainwire] Web3 and Crypto incubators NFT Tech (NEO: NFT) and IBC Group have partnered with the open-source fashion design platform, Faith Tribe, to launch Fashion DAO launchpad, a fashion-focused launchpad for fashion brands and creators looking to make a breakthrough in the Web3 arena. The launchpad will enable...Read More
[PRESS RELEASE – Please Read Disclaimer] World’s leading public Web3 blockchain, Cube Chain, on Monday announced the launch of its Cube mainnet — the end product of Cube Chain’s blockchain project that is accessible by the public. Cube Chain is a new, modular and permissionless blockchain designed based on multi-chain architecture. Similar to various public...Read More
Animoca Brands – a blockchain game publisher and venture capital company – has released its investor update for the first four months of 2022. The firm reportedly held over 340 investments worth about $1.5 billion in total. The report showed $573 million in Animoca’s bookings and other income from January 1st to April 30th. “Bookings”...Read More
The National Bank of Ethiopia (NBE) clarified in a recent statement that it is still “illegal” to transact using Bitcoin or other cryptocurrencies. Citizens are encouraged to continue trading using the Ethiopian Birr. As reported by the state-affiliated Fana Broadcasting Corporate (FBC), Bitcoin and cryptocurrencies are yet to be recognized by the NBE as a...Read More
The Securities and Futures Commission (SFC) of Hong Kong recently issued a statement on the financial and legal risks surrounding non-fungible tokens (NFTs). It claims that such tokens are not only prone to the typical security vulnerabilities of crypto, but could also constitute financial assets bound by SFC regulation. From Collectibles to Financial Assets According...Read More
One of the most successful Brazilian soccer clubs – Sao Paulo – allowed its fans to purchase match tickets with cryptocurrencies, becoming the first team in the country to do so. Diving Deeper Into Crypto’s Universe The 22-time winner of Brazil’s top soccer league – Sao Paulo – teamed up with the cryptocurrency exchange Bitso...Read More
Tl;dr: Our recent evaluation of Kubernetes underscored its suitability for scaling Coinbase into the future. In the past, a migration to Kubernetes raised concerns due to the operational burden of running and securing the control plane in-house. We’ve now concluded that managed Kubernetes offerings reduce this operational burden without compromising our stack security. By Clare...Read More
It is a known fact that Bitcoin is the most dominant crypto in the market, sharing nearly 50% of the global market capitalization. The asset surged more than 6% in the past 24 hours, regaining the lost positions above $31,000. However, when the BTC prices were cemented around $30,000 for almost a month now, will...Read More
Bitcoin and Ethereum show bullish momentum this Monday as BTC registers a 5% gain and ETH pumps by over 6% in the past 24 hours. Terra 2.0 (LUNA) also holds above $1 billion market capitalization, currently trading at $5.08, up over 5% in the past 24 hours. Terra 2.0 (LUNA) Ecosystem Continues to Expand The...Read More
The crash of Luna and TerraUSDT and the launch of Luna 2.0 have unleashed a wave of taxation issues for investors in India. While the Terraform Labs team has worked out a recovery plan and launched Luna 2.0 to compensate for the losses, concerns are piling up. Gift Tax on Luna 2.0 Airdrop In a...Read More
The Vietnam Blockchain Association partnered with the world’s largest cryptocurrency exchange – Binance – to boost the development of blockchain technology in the Asian country. The two parties will also establish connections with other tech companies across the globe. Striking a Deal With Binance The cryptocurrency industry has found a welcoming location in the face...Read More
BitMEX has extended Rene Pickhardt’s Bitcoin developer grant until November 2022, a six month extension from the previous grant, which expires at the end of this month. Commenting on the grant, Rene said: I feel very grateful and honoured that the team at BitMEX understands the importance of fundamental research and continues to sponsor the...Read More
Following the $60 billion Terra ecosystem’s catastrophic downfall in early May, Tron has risen to become the third-largest blockchain in the decentralized finance industry (behind only Ethereum and BNB Chain). Justin Sun, the founder of Tron, recently informed Bloomberg that the USDD (USDD) stablecoin would be modified to avoid a Terra-style collapse. Overcollaterization of the...Read More
On 24 June 2022 at 12:00:05 UTC, we will update our index weights. From today, the hypothetical values of indices with their new weights will be published as the “NEXT” index family (e.g. .BXBT_NEXT). As of 24 June 2022 at 12:00:05 UTC, assuming no constituent exchanges have been excluded – due to Index Protection Rules...Read More
On 15 June 2022 at 04:00 UTC, we will be listing new quarterly Futures on BitMEX. The new contracts will be visible on the platform from 14 June at 04:00 UTC as Unlisted, 24 hours before the start of trading. Please see the table below for the listing and settlement dates of current and upcoming...Read More
A recent study conducted by The Economist estimated that 37% of the participants want their governments to declare bitcoin or other cryptocurrencies as legal tender for internal transactions. Central bank digital currencies (CBDCs) are also favored as 37% will agree if their countries’ authorities issue such a financial product. Following El Salvador’s Steps? The popular...Read More
