Self-custody, transparency and immediate settlement are just a few ways that crypto could prevent loss of funds. Source
Crypto Is the Solution to Bank Runs, Not the Cause
Day: March 23, 2023
Crypto Platform Ziglu Courting Buyers After Robinhood Deal Collapses: Report
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1inch Network co-founder to crypto newbies: ‘Don’t trust anyone, verify’
Sergej Kunz, the co-founder of decentralized finance (DeFi) protocol 1inch Network, sat down with Cointelegraph reporter Joseph Hall at the Paris Blockchain Week 2023. The duo discussed various topics, including the limitations of investing for normal people, what mass adoption looks like and big companies jumping into the Web3 space. Starting off the interview, Kunz spoke about what people on the street may be interested in in terms of the Web3 space. According to the 1inch Network executive, normal people are often very interested in where to put their money…
Crypto Exchange Ziglu Courting Buyers After Robinhood Deal Collapses: Report
Ziglu is also looking to raise around $2.46 million to enable it to continue operating until a sale is agreed Source
How blockchain can help reimagine a new state in Africa
On episode 12 of Cointelegraph’s Hashing It Out podcast, Eche Emole, co-founder of Afropolitan, explains what it means to build a country on the blockchain. From an event and media company, Afropolitan has transitioned to a blockchain-based state of Africans on the continent and in the diaspora. Emole, an African in the diaspora with a political science, philosophy and law background, believes the nation-state experiment has failed in Africa. According to him, the existing state structures have stifled the development of people on the continent. “We truly believe that the nation-state…
Ethereum Usage Will Drop if the Blockchain Doesn’t Increase Its Throughput: Bank of America
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FTX Moves to Recoup $460 Million from Modulo Capital
Modulo’s $460 million marks a significant recovery in the ongoing bankruptcy case. Bankrupt crypto exchange FTX is currently working toward recovering some of the customer funds that were reportedly misappropriated. To this end, it filed a motion on Wednesday that would see it recover $460 million in assets for stakeholders. Per the filing, the fund is being recovered from Bahamas-based hedge fund Modulo Capital, which received no less than $475 million from Alameda Research – the investment arm of FTX, throughout 2022. According to earlier reports, the Modulo Capital investment…
Floor Prices for Donald Trump NFTs Surge on News of Possible Indictment
At the time of writing, Polygon-based Trump Digital Trading Cards were selling for over 0.59 ether (ETH), or about $1,033, up from 0.33 ETH, or $578, last week. More than 735 Trump NFTs have been sold during that period, attracting 401 ether in trading volume, according to data from NFT marketplace OpenSea. Source
Saudi and Abu Dhabi Investors to Contribute to SpaceX New Funding
Following a signed agreement between SpaceX and NASA, the government agency is considering SpaceX as an emergency return option for the ISS crew. Elon Musk’s SpaceX is about to receive financial backing from Saudi Arabia and Abu Dhabi investors in a new funding round. This follows an equity funding round in May 2022, which generated about $1.7 billion and reached a $127 billion market worth. At the same time, the company was positioned to be the US most valued startup with more than $125 billion valuation. Fast forward to July 2023,…
Hindenburg Research Announces Another ‘Big’ Report Following Adani Exposé
Forensic research platform Hindenburg Research has teased another report amid the ongoing US banking crisis. Following its Adani report, US short-seller Hindenburg Research says it will release a new report on another target soon. The New York-based research firm did not specify the next release and provided no details about timing or content. Nonetheless, speculation is rife that the upcoming Hindenburg report could deal with the ongoing US banking crisis. This is because of the crisis’ impact on the financial landscape as triggered by the recent collapses of some commercial…