Japanese financial holding company SBI Group has announced that its international remittance services arm SBI Remit has partnered with Ripple and SBI Ripple Asia to offer an XRP (XRP) remittance service to bank accounts in several Southeast Asian countries. In an announcement, the company highlighted that SBI Remit has been using Ripple payments services for international remittances since 2017. Furthermore,…
The Open Network Foundation (TON Foundation), the team managing and developing the The Open Network (TON) blockchain, has announced its official launch as a Swiss non-profit organization. Initially conceived of and designed by the messaging app giant Telegram, the TON blockchain is a proof-of-stake consensus-based layer-1 platform for building Web3 applications. According to a press release shared with Decrypt, the…
“You can fork code, but you can’t fork a community.” I wish I had come up with this gem of a saying. I use it extensively. I also wish I knew who to credit it to. Heard it on a podcast several years back, and it hit me like a ton of bricks. 2023 marks my 10th anniversary working in…
Monax Labs, a studio that builds tools to address legal gaps associated with NFTs, has waded into the milieu of companies with solutions to the trend of diminishing NFT creator royalty fees—with a suite of products it says can help creators enforce payments. Its new membership platform, Aspen, provides project creators a range of tools to manage royalties, minting, subscriptions,…
Venture capital has been a key driver for myriad startups in the blockchain space. Founders know how competitive it can be to secure valuable VC funding that can keep the lights on and employees paid during the critical first days of a new project. In a new interview series, Cointelegraph sits down with executives at some of the most active…
Publicly traded Bitcoin mining company Marathon Digital Holdings has reported a 9% drop in Bitcoin production for August 2023 compared to the previous month. According to the firm, the decline in production was primarily due to temporary shutdowns of mining operations in Texas, where extreme heat conditions prevailed. In its unaudited operational updates for August, Marathon revealed that it produced…
Despite the current crypto bear market, certain individuals seem to be navigating the waters expertly. A recent report by Henley & Partners reveals that the world currently plays host to six Bitcoin billionaires and 22 billionaires whose holdings are spread across multiple cryptocurrencies. While the study doesn’t divulge any information about the identity of these individuals, some of the most…
Artificial intelligence (AI), large language models (LLMs) and machine learning have infiltrated just about every aspect of our technology-connected lives. Tools like ChatGPT offer an array of helpful utilities, but they also come with a potentially dark side, as ChatGPT and other LLM chatbots are known to occasionally spit out information that is factually incorrect, potentially biased and possibly even…
Gleb Kostarev, Binance’s head of Eastern Europe and Russia, took to Facebook on Sept. 6 to announce its departure from Binance. In his Russian-language announcement, Kostarev said that today marks the last day of his long-running work at Binance, adding: “I am stepping down as VP responsible for Eastern Europe, CIS, Turkey and Australia and New Zealand. I also stepped…
Crypto company Circle and institutional-grade trading platform Legend Trading have jointly announced plans to expand stablecoin services in the Latin American and Asia-Pacific regions. The firms told Decrypt that the collaboration aims to broaden the scope of USDC to better serve large entities and institutional customers that are currently working with Legend Trading in “two rapidly growing markets.” Legend Trading…
