Despite its ongoing crackdown on crypto, China continues to embrace blockchain technology — up to the point of launching the National Blockchain Technology Innovation Center in the capital city of Beijing. According to the China Daily’s report from Feb. 8, the center will create a research network with local universities, think tanks and blockchain businesses...
Ethereum co-founder and crypto entrepreneur Joseph Lubin is confident that Ether ETH won’t be classified as a security in the United States. Cointelegraph spoke with Lubin, Ethereum co-founder and founder of blockchain tech firm ConsenSys, in Tel Aviv at the Web3 event, Building Blocks 23. Asked if ETH could be classed as a security in...
Robinhood’s board of directors has approved a plan to buy back the $578 million stake in their company that was bought by former FTX CEO Sam Bankman-Fried and FTX co-founder Gary Wang last year. Robinhood confirmed in its fourth-quarter report, published Feb. 8, that it had received board approval to buy back the stake. “Our...
The transaction included the exchange of tokenized gold between the two parties using blockchain technology and digital settlement of the national currency. Rosbank has successfully demonstrated a deal to exchange digital gold using a new form of national currency, according to a bank press release. The transaction was carried out on the Atomyze platform. According...
Leading crypto platforms began to send funds to help Turkey, which suffered from a devastating earthquake. Binance, OKX, Gate.io, Huobi, Bybit, Bitget and other crypto exchanges have already announced the allocation of financial assistance. Binance has announced that it will be distributing $100 worth of BNB tokens to all users who live in the regions...
Injective, a layer 1 blockchain specializing in building financial applications, has launched a USD 150 million foundation ecosystem initiative. Injective was built using the Cosmos SDK and uniquely provides plugins that help developers quickly build complex protocols focused on areas such as exchanges, options, derivatives and lending. Injective is already one of the most interoperable...
Shares of BIT Mining (BTCM) on the New York Stock Exchange (NYSE) rose 106% from USD 2.11 to USD 4.36 per share after the company announced the release of new LD3 mining devices on Twitter on 10 January. On 17 January, hardware manufacturer BIT Mining announced on its blog that the production of these devices...
The MVIS Global Digital Assets Mining Index, which includes data on the top 20 Bitcoin miners including Riot Blockchain, Galaxy Digital, Bitfarms and Iris Energy, has grown by 64% since the beginning of January 2023. This month, the indicator showed the largest increase since its inception in December 2021, according to Bloomberg. At the same...
The developers of the dog-themed token Shiba Inu posted an update to inform the community about the upcoming beta release of Shibarium, a Layer 2 network that will run on top of the Ethereum mainnet. The network will help speed up transactions, lower fees and empower the ecosystem. The Shiba Inu project was launched in...
The State of Enterprise Blockchain Adoption in 2023 report questioned 603 enterprise decision-makers across firms from the United States, the UK and China. The study showed that attitudes towards the blockchain in these countries remained strong despite the downturns in the market. In addition to the 87% likely to invest this year, nearly 90% of...
