VitaDAO, a decentralized collective dedicated to early-stage longevity research, funded the launch of a biotech company, Matrix Biosciences, dedicated to the treatment of cancer and aging diseases. The initial discussions around the use of high molecular weight hyaluronic acid (HMW-HA) for anti-cancer and pro-longevity effects started off in November 2022 and gained majority consensus in March 2023. The proposal snapshot…
Bankrupt crypto exchange FTX has introduced a revised plan aimed at returning more than 90% of creditor holdings that were held at the exchange prior to its November 2022 collapse. The debtors’ group responsible for overseeing the bankruptcy process plans to formally file the proposal with a U.S. Bankruptcy Court by December 16, 2023, according to a statement released on…
Binance’s American entity informed users today that their crypto holdings with the exchange are no longer FDIC-insured. An email sent to users today and seen by Decrypt announced that Binance US has “updated the deposit insurance language” in the firm’s terms of service. It indicated that it had done this following guidance from the FDIC. The firm first announced that…
What if every time you “react” to a post with a laughing or fire emoji, you could sweeten the pot by attaching a tiny amount of Bitcoin for the content creator? That’s the kind of thing that’s possible with a range of new Lightning monetization tools unveiled today by Lightning company Mash and popular bitcoin media company Tales From the…
The United States-based cryptocurrency exchange Coinbase is removing dozens of trading pairs in order to improve liquidity on its platform. Coinbase has suspended 80 non-USD trading pairs including the pairs with cryptocurrencies like Bitcoin (BTC), stablecoins like Tether (USDT) and fiat currencies like the euro. Announcing the news on Oct. 16, Coinbase said that the trading pairs’ removals aim to…
The Bank of Canada published a staff note on decentralized finance (DeFi) on Oct. 17, assessing the innovations that made it popular and the challenges and risks associated with its use. The staff note described DeFi as a multi-layered structure, with the Ethereum blockchain serving as the bottom layer (or settlement layer). Developers construct a variety of tools and services on…
British citizens that hope to access legal assistance through the proposed ‘Help with Fees’ (HwF) scheme will not have cryptocurrency holdings classified as disposable income. The Ministry of Justice published its response following public consultation over its proposed legal aid scheme aimed at providing equal access to the justice system. HwF is aimed at providing financial support towards court or…
Roblox, an online game platform with more than 200 million monthly active users, now accepts XRP as a payment method. The announcement was made on BitPay’s Twitter on Oct. 17. News Alert @Xsolla now accepts XRP(@Ripple) with BitPay as a payment method for their games, such as @Smitegame and @Roblox. You can use your favorite cryptocurrency to buy, play, and…
Artificial intelligence could be used by pension funds to cut costs, increase investment returns and highlight possible risks, but there are still “significant challenges to overcome” with its use, says the Mercer CFA Institute global pension report. On Oct. 17, the annual joint report from the consulting firm and investment professional association marked AI as useful for helping pension fund…
Stablecoin TrueUSD (TUSD) announced a potential leak of certain Know Your Customer (KYC) and transaction history data as one of TrueCoin’s third-party vendors got compromised. TrueCoin was the operator of the TUSD stablecoin till July 13, 2023. On Oct. 16, a third-party vendor’s security team informed TrueCoin of “an anomalous account change within [TrueCoin’s] organization made by a compromised support…
