Month: April 2023

Iskra Ranks #1 on Dapp Radar Setting the Pace for World of Win’s IGO – Press release Bitcoin News

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press release PRESS RELEASE. Web3 game company Iskra unveils the release of its own launchpad for games, the Iskra Launchpad, with World of Win set to be the first project to conduct its initial game offering (IGO) on the platform. The release of the Iskra Launchpad comes right after Iskra dominated the number one spot on DappRadar’s blockchain games dapp rankings for all periods – 24 hours, 7 days, and 30 days – with 669.27k UAW as of writing and cited as one of the best-performing games dapp for March…

Kraken asks San Francisco court to intervene against IRS demands

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Crypto exchange Kraken is taking the fight against the United States Internal Revenue Service (IRS) and its demand to present critical exchange user information to the court. The exchange deemed IRS’s demand for customer information as an “unjustified treasure hunt.” The crypto exchange has requested a federal court in San Francisco to intervene in the issue and ask IRS to back off, reported Bloomberg. Kraken’s pushback against IRS comes in reaction to the agency’s February summons demanding additional user information to identify Kraken accounts that did at least $20,000 of…

Yuan Beats US Dollar to Become Most Used Currency in Cross-Border Transactions in China

Despite surpassing the USD in cross-border payments in China, the use of the yuan in global trade finance remains low. The Chinese yuan has become the most used currency for cross-border transactions in China. In March, the yuan overtook the US dollar for the first time in cross-border transactions in the country. Notably, the Chinese government has constantly been pushing for the use of its currency in settling transboundary trades. The nation’s officials are making an effort to internationalize its use. According to Reuters calculation based on data from the State Administration…

Crypto Storage Provider Zodia Custody Raises $36M From SBI Holdings, Standard Chartered

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eBay Beats Revenue and EPS Estimates in Q1 2023 Earnings Report

E-commerce giant eBay is optimistic going into the second quarter after logging commendable figures in its Q1 2023 outing.  On Wednesday, April 26, 2023, eBay Inc (NASDAQ: EBAY) reported its Q1 2023 earnings, which beat revenue and earnings per share (EPS) estimates. For the year’s first quarter, the multinational e-commerce company realized revenue of $2.5 billion compared to the $2.49 billion analysts expected. In addition, eBay’s recorded EPS of $1.11 also topped the consensus estimate of $1.07 for the same period. Following its Q1 2023 performance, eBay now sees a Q2 guidance of…

Bitget pledges $10M for Fetch.ai ecosystem amid ChatGPT boom

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Bitget has pledged $10 million for the development of the Fetch.ai ecosystem, the cryptocurrency derivatives exchange announced on April 27. Fetch.ai provides the infrastructure to build autonomous services. Its core product is the artificial intelligence (AI) agent network, a decentralized network of autonomous agents that can perform various tasks, such as data analysis and complex financial modeling. The project also offers a smart wallet featuring automation and integration with OpenAI’s ChatGPT API. The artificial intelligence chatbot surpassed 100 million users in January 2023, just months after launch.  Commenting on the…

Franklin Selects Polygon as New Partner of Its Money Fund

The Franklin On-chain US government Money fund leverages the power of blockchain to offer improved security, operational efficiencies, faster transaction processing, and reduced costs to its customers. One of the world’s largest fund managers Franklin Templeton, with over $1.4 trillion in assets under management, announced that it would be expanding its on-chain US government money fund to the Polygon blockchain network. This is good news for the Polygon ecosystem which shows that the blockchain is a trusted platform for some of the top financial players in the market. Franklin started…

Barclays Reports 27% Rise in Net Profit for Q1 2023

Due to a strong quarter, Barclays “remains on track to deliver its 2023 targets, with all performance metrics in line with or ahead of guidance.” British multinational investment bank Barclays PLC (LON: BARC) has released its performance results for Q1 2023. The bank’s net profit of £1.8 billion (or $2.2 billion) beat the experts’ expectations by about £400 million and surpassed the income from the same period last year by as much as 27%. Speaking in more detail about Barclays’ separate units that generated profit, Barclays UK income rose by 19%,…

Binance.US to Offer Web3 Branded Domains Minted on Polygon Blockchain

Using the Binance.US Web3 domain names, the exchange’s users will be able to easily transfer or buy/sell digital assets within its app. In an interesting development, Binance.US announced its partnership with Web3 domain name provider Unstoppable Domains to offer branded domain names with Binance.US minted on the Polygon blockchain network. In an announcement on Wednesday, April 26, Unstoppable Domains said that the .BinanceUS branded domains will be available exclusively on the exchange’s app in the coming weeks. This is for the first time that Unstoppable will issue two-digit domain names…