Month: April 2023

NFT Platform OneOf Acquires Blockchain Rewards Company Tap Network

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European banks launch ‘sustainable’ blockchain platform for digital bonds

Two banks from Sweden and France announced the launch of a new digital bond platform built on blockchain technology. The platform will enable institutional clients to issue, trade, and settle bonds digitally, providing a more efficient and secure process compared to traditional methods. The platform, a joint project of Skandinaviska Enskilda Banken (SEB) and Credit Agricole Bank, is called so|bond. According to the announcement from April 3, the blockchain network will be using a validation protocol, Proof of Climate awaReness, minimizing its environmental footprint. The Proof of Climate awaReness protocol…

Introduction to Blockchain Forensics: Unveiling the Power of Transparency and Security

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Blockchain technology has revolutionized the world of finance and digital transactions. With its decentralized, transparent, and secure architecture, it has become an essential component of the modern digital economy. However, as the popularity of cryptocurrencies and blockchain-based applications continues to rise, so does the need for effective tools to analyze, monitor, and trace transactions on the blockchain. Blockchain forensics is an emerging discipline that helps to unveil the power of transparency and security inherent in blockchain technology. In this article, we delve into the world of blockchain forensics, exploring the…

Cointelegraph Accelerator and bitsCrunch Startup Program join to aid NFT projects

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As nonfungible token (NFT) trading volumes begin to pick up again in Q1 2023 and marketplaces battle it out for a piece of the pie, more projects are coming into the space to assist market actors with infrastructure and analytical tools. And with evidence of wash trading and other abuse by bad actors becoming apparent, there is a demand for forensic tools to aid traders and investors in making informed, financially secure decisions. Cointelegraph Accelerator is assisting in further developing the NFT sector by teaming up with bitsCrunch’s startup program…

Dragonfly Capital invests $10M in Bitget amid industry recovery

Dragonfly Capital has invested $10 million in cryptocurrency derivatives exchange Bitget, the San Francisco-based venture capital firm announced on April 4. The funds will be used to support Bitget’s ongoing global market and service expansion and upcoming corporate social responsibility initiatives directed at crypto education and adoption. Bitget disclosed that since its inception in 2018, the exchange has grown to comprise over 80,000 traders and 380,000 copy traders, or individuals that sync their trading positions with that of traders using automation. For its 2023 roadmap, Bitget plans to expand its spot…

Crypto Startup Li.Fi Raises $17.5M in Series A Funding

Li.Fi said that the fundraise will help them execute their long term strategy of getting more users into the Web3. In the latest development, Li.Fi – the multichain liquidity and data gateway provider – raised a total of $17.5 million in Series A fundraise co-led by crypto native investment firms Superscrypt and CoinFund. This fundraise comes at a time when the global macro environment is uncertain and liquidity has been drying up. Li.Fi Series A Funding Li.Fi said that the fundraise will help them execute its long-term strategy. The crypto…

Tesla (TSLA) Shares Plummet 6% Following Lower than Expected EV Deliveries

According to the company, it has plans to produce a total of 1.8 million vehicles with the total delivery expectations pegged around that figure. American multinational electric vehicle manufacturing company Tesla Inc (NASDAQ: TSLA) recorded a bearish close of its stock on Monday following the publication of its first quarter delivery numbers. The figures, unveiled over the week showed the company delivered a total of 422,875 electric vehicles in the quarter with a total production of 440,808 cars. The delivery figures were below the target projected by analysts polled by…

ICO fines TikTok £12.7 million for misusing children’s data

More than one million UK children under 13 estimated by the ICO to be on TikTok in 2020, contrary to its terms of service. Personal data belonging to children under 13 was used without parental consent. TikTok “did not do enough” to check who was using their platform and take sufficient action to remove the underage children that were. The Information Commissioner’s Office (ICO) has issued a £12,700,000 fine to TikTok Information Technologies UK Limited and TikTok Inc (TikTok) for a number of breaches of data protection law, including failing…

Enter the Reverse Repo Facility – Economics Bitcoin News

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The U.S. Federal Reserve could be competing with commercial banks due to a facility called the “overnight reverse repurchase agreement facility,” which has currently drawn in more than $2 trillion in deposits. According to analysts, this has affected bank deposits, as investors run to grab the higher yields it offers compared to traditional banks. The Federal Reserve ‘Reverse Repo’ Facility Is Affecting Banks’ Deposits, According to Analysts The recent banking crisis has made people worried about the security of the U.S. banking system, and while at a high level, some…