The community behind blockchain protocol Waves has voted to reboot non-custodial lending protocol Vires.Finance following the depegging of the Waves stablecoin USDN back in April. At that time, the dollar-pegged cryptocurrency fell as low as $0.68, wiping out millions in value for holders. As the contagion gripped Waves and Vires.Finance, it became impossible for investors to withdraw their funds from…
The New York Department of Financial Services, or NYDFS, has announced a $30 million penalty on Robinhood’s cryptocurrency arm for alleged violations related to anti-money laundering, cybersecurity, and consumer protection laws. In a Tuesday announcement, NYDFS superintendent Adrienne Harris said Robinhood Crypto will pay a $30 million penalty to the state “for significant failures in the areas of bank secrecy…
Gibraltar’s 6.8km2 territory houses 35,000 people and several large international crypto companies. The British Overseas Territory of Gibraltar, ruled by the United Kingdom and an important gateway to Europe, is an attractive jurisdiction for distributed ledger technologies (DLT) or simply crypto. The world’s largest cryptocurrency exchange, Binance, is now hiring for four roles in the “Rock of Gibraltar,” up from…
The Waves (WAVES) community has supported a governance proposal to revive the decentralized finance (DeFi) lending protocol Vires.Finance after its liquidity crisis. The vote aims to stabilize the project and compensate the users who were affected. In April, Neutrino (USDN), a stablecoin running on the Waves platform, depegged from the dollar. This led to a series of user withdrawals within…
Non-custodial wallet platform Wirex has partnered with 1inch Network to use its aggregation API to power token swaps. Through the partnership, users of the Wirex wallet will be able to exchange tokens within the wallet. In an announcement, 1inch Network co-founder Sergej Kunz said that the partnership will allow Wirex community members to swap their tokens on multiple blockchains. Using…
While the global economy remains gloomy and the war in Ukraine continues, there’s been significant tension between China and Taiwan. The American representative from California, Nancy Pelosi, plans to visit Taiwan this week and White House officials say China is preparing to carry out “military provocations.” Moreover, during the last few weeks, reports note that the global economy could crater…
River Financial has removed fees associated with recurring purchases of bitcoin on its platform.The deduction is valid starting one week after the initial recurring purchase is set by the customer. River currently offers bitcoin management services through its website and iOS app, as well as white-glove services for bitcoin mining. River Financial, a Bitcoin-only technology and financial services company, has…
Google Cloud Neural Networks worked with its artificial intelligence (AI) software to make art. Not just any art — nonfungible token (NFT) art. The AI transformed all 10,000 Bored Ape Yacht Club NFTs into machine-made works of art. These pieces of art take the form of abstract paintings. However, when viewed closely, the paintings take an ape shape which resembles…
Having raised a mammoth $380 million funding at a $1.5 billion valuation in June, French cryptocurrency hardware wallet maker Ledger is looking to raise an extra $100 million, according to a Monday report from Bloomberg. In June, Ledger raised $380 million in a funding round led by 10T Holdings. Now, according to reports, the company is seeking an additional $100…
Blockchain.com, one of the oldest Bitcoin (BTC) infrastructure firms, is strengthening regulation and compliance efforts by securing registration in the Cayman Islands. The blockchain wallet and cryptocurrency exchange platform Blockchain.com is expanding operations in the Cayman Islands after receiving registration from the Cayman Islands Monetary Authority (CIMA). Issued on July 6, the registration officially authorizes Blockchain.com to provide custodial services,…
