Binance Labs, the venture capital arm and incubator arm of Binance, said on Nov. 15 that it has invested in Arkham (ARKM), the native token of the “deanonymizing” blockchain platform Arkham. The company said in a blog post on the website that the investment aims to support “on-chain insights at scale across the blockchain ecosystem.” Arkham’s mission is to deanonymize blockchain transactions…
Investors pursuing legal action against Robinhood over trading restrictions imposed in early 2021 have faced another setback in court after the Florida Southern District Court rejected the request for class certification by the plaintiffs on Nov. 13, 2023. Chief Judge Cecilia M. Altonaga said that after thoroughly considering the written submissions, record, and relevant law, the plaintiffs’ motion was rejected…
The chairman of Kazakhstan’s National Payment Corporation (NPC), Binur Zhalenov, has made the first transaction with the central bank digital currency (CBDC). During his speech at the XI Congress of Finance in Almaty on Nov. 15, he paid with a debit card tied to the CBDC account, according to local outlet, Kapital.kz. Zhalenov unveiled the official launch of the “digital tenge”…
Justin Sun’s cryptocurrency exchange Poloniex is preparing to resume operations after suffering a major hack in mid-November, according to an official company announcement posted on Nov. 15 In the statement, the company said that the platform has “mostly completed” the restoration efforts after the $100 million hack. “The platform is now operating smoothly,” Poloniex said in its most recent update on the…
The Monetary Authority of Singapore (MAS) has introduced five additional industry pilots into the Project Guardian to test various use cases around asset tokenization. Project Guardian is a collaborative initiative led by Singapore’s central bank that seeks to develop new financial infrastructure using decentralized finance (DeFi) elements. The latest initiatives are aimed at developing foundational capabilities to scale tokenized markets.…
Dairy Queen is partnering with local nonfungible token project Weirdo Ghost Gang (WGG) to create a pop-up NFT store in Chengdu, China. According to a press release seen by Cointelegraph, the “Ice and Snow Season” themed pop-up store is scheduled to run from Nov. 15 to Dec. 31 and will feature a variety of co-branded merchandise, such as a Dairy…
Users of the major nonfungible token (NFT) marketplace OpenSea have said they are being targeted with a new email phishing attack, and have received emails containing malicious links from attackers posing as the marketplace itself. According to social media reports, OpenSea users and developers have been targeted by various email phishing campaigns, including a fake developer account risk alert and…
Cryptocurrencies are known for their volatility and can fluctuate rapidly in value. This makes it challenging to use them as a store of value or a medium of exchange. Stablecoins were created to solve this problem by offering price stability. They are cryptocurrencies that are pegged to stable assets like fiat currencies, precious metals, or commodities. USDC and USDT stablecoins…
During her opening speech at the Singapore FinTech Festival, International Monetary Fund (IMF) Managing Director Kristalina Georgieva urged the public sector to “keep preparing to deploy” central bank digital currencies (CBDCs) and related payment platforms in the future. Georgieva expressed her optimism toward the implementation of CBDCs around the globe, although making a reservation that “we have not yet reached…
Billionaire real estate developer Frank McCourt took aim at ” dodgy cryptocurrencies and silly NFTs” for spoiling the narrative around blockchain. Speaking at Web Summit 2023, McCourt noted that his own project, open internet protocol DSNP, was not tokenized. “Dodgy cryptocurrencies and silly NFTs are not the same as core technology that can actually help make the internet better for…
