Day: March 31, 2023

Avalanche launches initiative for digital artists, NFT creator protests Sotheby’s gender bias, and more

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In a March 30 blog post, The Avalanche Foundation announced the launch of Avaissance, an initiative designed to support digital artists and boost the growth of the Avalanche nonfungible token (NFT) ecosystem. Avaissance has two main components, an Artist in Resident program (AIR) for over 50 artists and the Mona Lisa Initiative (MLI) to curate digital art and expand the collections of art-focused decentralized autonomous organizations (DAOs). Avaissance begins! The Avalanche Foundation is launching the Avaissance initiative to grow the #AVAX NFT ecosystem and support its budding artists. The program…

Mike Novogratz Laments US Government’s Penchant for Discussing Crypto While Saying ‘Nothing About AI Regulation’ – Featured Bitcoin News

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Galaxy Digital Holdings chief executive Mike Novogratz has said he finds it shocking that U.S. authorities are interested in talking about the regulation of crypto, but have said nothing about artificial intelligence (AI) regulation. Novogratz added that by choosing mainly to focus on crypto regulation, the U.S. government has it “completely upside-down.” ‘A Real Technology That People Care About’ Crypto billionaire and Galaxy Digital Holdings CEO, Mike Novogratz, recently said he finds it shocking that regulators only seem to be interested in “talking so much about crypto regulation and nothing…

Ledger sees funding success in wake of FTX collapse

The recent collapse of FTX has increased interest in Ledger’s secure storage solutions and led to its recent funding success. The cryptocurrency ecosystem experienced a major shake-up following the FTX collapse, as investors rapidly sought safer storage alternatives for their digital assets. The shift in market sentiment resulted in a significant increase in demand for hardware wallets and self-custody options. In particular, Ledger, a leading manufacturer of hardware wallets, witnessed a surge in sales and subsequently secured a substantial portion of a $100+ million investment round. As the FTX collapse…

FTX EU launches withdrawal website to pay back European users

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The European arm of FTX, FTX EU has launched a website to allow European customers to submit withdrawal requests. It comes nearly five months after the global trading platform collapsed and went bankrupt in early November. The new website domain name — https://ftxeurope.eu/ — was reportedly approved by the Cyprus Securities and Exchange Commission according to a report in Finance Magnates. A screenshot of the newly launched website to withdraw funds from FTX EU. Source: FTX Europe The new domain will not offer any products or services other than to…

Russia talks up prospects of BRICS countries developing new currency

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A new world order could be emerging as economic powerhouses increase their efforts to distance themselves from US dollar hegemony. According to reports, a top Russian official has claimed that the BRICS alliance is working on creating its own currency. BRICS is an acronym for five leading emerging economies: Brazil, Russia, India, China, and South Africa. State Duma Deputy Chairman Alexander Babakov made the comments at the St. Petersburg International Economic Forum event in New Delhi, India, according to local reports. Babakov reportedly stressed the importance of both nations working…

Crypto industry pushed to bank with institutional investors

Crypto YouTuber Lark Davis points to several significant events have been unfolding in the cryptocurrency space, and how big banks are entering the space. Among these developments are MicroStrategy’s additional bitcoin purchase, the launch of the first zero-knowledge proof Ethereum virtual machines, MetaMask’s new sign-in feature, and the Nasdaq stock exchange’s plan to introduce crypto custody services. MicroStrategy, a leading cryptocurrency intelligence firm, has acquired an additional $150 million worth of bitcoin, bringing its total holdings to $138,955. The firm recently paid off a $161 million loan from Silvergate Capital,…

Australian ‘Big Four’ bank ANZ halts cash withdrawals from many branches

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ANZ, one of Australia’s “Big Four” banks, will cease facilitating withdrawals and deposits from a number of its Australian branches as it looks to push its customers toward using an ever-dwindling number of ATMs and deposit machines. The decision has received pushback, with critics such as Patricia Sparrow, CEO of the Council on the Ageing, telling The Australian that the change could disproportionately affect older people who are less capable of going digital. Others have suggested it would make fiat users more susceptible to technical issues. The move has also renewed fears…

Crypto Hardware Wallet Maker Ledger Raises $100M Amid Growing Demand for Secure Storage Solutions  – Bitcoin News

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The cryptocurrency hardware wallet manufacturer Ledger has raised €100 million ($109 million) in funding, according to the company’s disclosure on Thursday. Ledger CEO Pascal Gauthier says there has been significant demand for hardware wallets. He added, “2023 is even better for us because now you can’t even leave money at a Swiss bank.” Ledger to Expand Distribution, Production, and Research and Development With New Funding Injection According to a Thursday report by Bloomberg, Ledger, the cryptocurrency hardware wallet maker, has revealed it raised €100 million ($109 million) from investors. The…