Web3 Archives - Page 25 of 50

Blockchain

FTX Seeks to Reclaim $11M Held by Crypto.com Amid Bankruptcy Proceedings

November 9, 2024 Dan K

FTX’s Alameda Research seeks $11M from Crypto.com, alleging withheld assets amid bankruptcy as it prepares to repay users in new recovery efforts.

Binance Labs announces investment in BIO Protocol for decentralized science funding.

Binance Labs Invests in DeSci Platform BIO Protocol

November 8, 2024 Dan K

Binance Labs backs BIO Protocol, a decentralized science platform aiding biotech funding through BioDAOs, expanding DeFi’s impact in scientific research.

Swift, UBS, and Chainlink logos representing their collaboration on a blockchain-based tokenized fund settlement pilot.

Swift, UBS, and Chainlink Pilot Tokenized Fund Settlement to Modernize Finance

November 5, 2024 Dan K

Swift, UBS, and Chainlink test tokenized fund settlement, using blockchain to streamline finance, reduce costs, and improve transaction transparency.

TON Accelerator announces a $5 million program aimed at advancing cross-chain innovation on The Open Network.

TON Accelerator Launches $5M Program to Foster Cross-Chain Growth on The Open Network

November 4, 2024 Dan K

TON Accelerator announces a $5M program to drive cross-chain growth, expanding TON’s reach and supporting projects in DeFi, gaming, and staking.

Bitrue exchange introduces USD1 stablecoin for crypto trading pairs

Alibaba Scales Back Metaverse Division as AI Takes Center Stage

November 4, 2024 Dan K

Alibaba reduces its metaverse team as it pivots to AI. The move follows similar actions from tech giants, reflecting a shift in industry focus.

Cryptocurrency Security Breaches in October 2024

Crypto Security Incidents in October Lead to $129M in Losses

November 3, 2024 Dan K

October saw $129M in crypto losses from scams, exploits, and attacks, with Radiant Capital’s $50M breach and M2’s $13.7M hack among the largest incidents.

A South Korean courtroom with a judge delivering a verdict on cryptocurrency-related charges against lawmaker Kim Nam-kuk.

Huawei Integrates Digital Yuan into HarmonyOS NEXT for 1 Billion Users

November 2, 2024 Dan K

Huawei’s HarmonyOS NEXT now integrates the digital yuan, enabling seamless, app-free CBDC payments for nearly 1 billion users, advancing digital finance.

Ben Reynolds joins BitGo to lead USD Standard stablecoin initiative

BitGo Appoints Former Silvergate President to Spearhead USD Standard Stablecoin

November 1, 2024 Dan K

BitGo appoints former Silvergate president Ben Reynolds to lead its stablecoin USD Standard, aiming for a secure and resilient financial ecosystem.

Kraken cryptocurrency exchange headquarters in San Francisco, reflecting recent workforce reductions amidst industry layoffs.

Kraken Joins Crypto Exodus with 15% Workforce Layoffs

October 31, 2024 Dan K

Kraken cuts 15% of its workforce amid industry-wide layoffs, joining Consensys and DYDX. New co-CEO Arjun Sethi aims to refocus the exchange’s strategy.

BIS-Led Project ‘Mandala’ Automates Compliant Cross-Border Transactions

October 28, 2024 Dan K

The BIS-led Mandala project tests automation for cross-border compliance, enabling faster and secure international transactions with digital assets.