The United States Department of the Treasury has announced it will impose sanctions on the cryptocurrency exchange Chatex and its support network for allegedly facilitating transactions for ransomware actors. In an advisory update issued on Nov. 8, the Treasury Department Office of Foreign Assets Control, or OFAC, added Chatex as well as IZIBITS OU, Chatextech SIA, and Hightrade Finance to…
Credit card giant Mastercard made a big splash in the digital asset market on Tuesday by announcing the launch of crypto-linked payment cards across the Asia-Pacific region. In partnership with three cryptocurrency service providers, namely Amber Group and Bitkub in Thailand and CoinJar in Australia, Mastercard will offer crypto-funded payment cards that enable users to instantly convert their digital assets…
Randal Quarles has resigned his position from the Board of Governors of the Federal Reserve System, effective by the end of December. In a Nov. 8 resignation letter addressed to U.S. President Joe Biden, Quarles said he planned to leave the Fed during or around the last week of December of this year after serving at the government agency for…
Nonfungible tokens (NFTs) scored another win with gaming giant Zyngas announcement of the upcoming integration of NFTs and blockchain into the publishers portfolio. San Francisco-based game developer Zynga, best known for its FarmVille and CSR Racing series, appointed marketing veteran Matt Wolf as its vice president to oversee the companys blockchain gaming efforts. With the addition of Wolf, Zynga will…
Decentralized finance protocol Acala announced Monday that they haveraised 8.5 million DOT (worth $451.8 million USD at time of publication) from over 53,000 participants. The protocol is also set to win the first parachain auction on Polkadot. Unlike typical crowdfunding rounds, Acala’s financing mechanism is a crowdloan, which means it will eventually need to pay back the “crypto debt” it…
Bitcoin (BTC) is close to making a new all-time high and Ether (ETH) finally soared to hit a new high at $4,800. This pushed the total crypto market capitalization above $3 trillion for the first time ever on Nov. 8, according to data from CoinGecko. Data from Santiment shows that Bitcoin whales holding between 10,000 BTC to 100,000 BTC in…
Watch This Episode On YouTube Listen To This Episode: “Go to college. You won’t ever experience success if you don’t go to college.” I, as I’m sure many others have, heard this or variants of it hundreds of times. In a world where everyone is encouraged to attend secondary education, a large emphasis is placed on credentials and whether or…
BlockFi files with the SEC for a spot bitcoin ETF. The BlockFi NB Bitcoin ETF would buy and hold actual bitcoin through an undisclosed custodian. The offering sprung from a collaboration between the lending platform and Neuberger Berman Group, a $400 billion investment manager. Lending platform BlockFi filed today with the U.S. Securities and Exchange Commission (SEC) for offering a…
Nike, the American multinational footwear and sports apparel giant, is getting ready to step into the metaverse and the world of non-fungible token (NFT) technology. Reports show Nike has a few employees “thinking about the metaverse” and a 2019 patent for “cryptokicks” indicates Nike has been preparing to use NFTs for quite some time. Nike’s Well-Known Trademarks and ‘Downloadable Virtual…
After rising above $66,000 today and reaching a market capitalization of more than $1.2 trillion, Bitcoin has surpassed the total market cap of both car manufacturer Tesla and social media giant Facebook. According to data from AssetDash, Bitcoin (BTC) is now the 6th most valuable asset by market capitalization among major companies, behind Microsoft, Apple, Google’s parent company Alphabet, Saudi…
