Apple is gearing up to allow third-party app stores on its devices to comply with new EU antitrust laws, which could be a significant benefit for crypto and NFT app developers, at least in Europe. Under the new rules, European customers will be able to download apps not from the Apple’s branded app store. This...
It may be known primarily as an online payment method, but PayPal is now setting its sights on helping its users get started with cryptocurrencies. ConsenSys, the company behind MetaMask, has announced plans to add an integration in its crypto wallet so that users can buy cryptocurrencies using their PayPal account. MetaMask intends the offering...
Chainalysis data shows that the collapse of Celsius and Three Arrows Capital (3AC) and Terra’s Luna de-peg inflicted much bigger losses on investors than the FTX crash. The TerraUSD de-peg had a realized loss of $20.5bn while Celsius and 3AC amounted to a staggering $33bn. By comparison, FTX recorded losses for investors of just £9bn....
Former Twitter CEO Jack Dorsey has promoted the idea of a “free and open protocol” for social media, following an Elon Musk-led internal investigation that uncovered censorship issues on the platform. In his post, Dorsey outlined some potential solutions to Twitter’s current problems. According to the former Twitter CEO, this includes protection from corporate or...
The U.S. Securities and Exchange Commission (SEC) has called on public companies to analyze and disclose information about their losses, including whether they are doing business with any firm associated with cryptocurrencies. The regulator, which oversees the U.S. publicly traded disclosures that occurred this year, said the guidance was due to “recent bankruptcies and financial...
With crypto valuations severely affected after the recent crash of the FTX exchange, financial services company Goldman Sachs is looking to pour millions into buying or investing in crypto firms while prices are low. In an interview with Reuters, Matthew McDermott, chief executive of Goldman Sachs, reportedly said that the big banks see opportunities in...
The logistics giant will close the platform, which has failed to reach commercial viability in the four years since its inception Maersk, the world leader in container transportation, and the IT corporation IBM have announced the termination of their TradeLens blockchain platform. While the developed platform is viable, the need for full global industry collaboration...
