EY will make the procedure to file the claims public in the coming weeks, Source
Bankrupt Crypto Exchange QuadrigaCX Will Start Interim Distribution for Some User, EY Says
Month: May 2023
Private equity tokens aim to bring greater liquidity, transparency and accessibility
As the burgeoning blockchain technology paradigm has continued to evolve, a whole host of unique asset classes have started to make their way into the mainstream. Private equity tokens are one such offering, serving as digital representations of ownership in private equity investments powered by a decentralized ledger. These tokens enable fractional ownership, improved liquidity and simplified management of private equity assets. They are created through a process called tokenization, which involves converting real-world assets into digital tokens that can be bought, sold or traded on various platforms. Recent research…
What does generative AI mean for Web3?
For decades, artificial intelligence (AI) has been a laymen’s lingo. Current technological breakthroughs and advancements have created a surge of interest in a specific type of AI known as generative AI. With its unprecedented ability to generate new and distinctive content that aids human creativity, generative AI revolves around analysis, automation and generation of content. It is intriguing to learn how generative AI fits into the vernacular of all pragmatic applications. As per a BCG blog, the generative AI sector will gain an estimated 30% share of the whole AI…
PayPal Q1 2023 Earnings Beats Analysts’ Expectations by 1%
PayPal has been forced to update its 2023 earnings outlook due to its latest financial reports. Multinational digital payment company PayPal (NASDAQ: PYPL) has released the financial report of its earnings in the first quarter of 2023. PayPal benefited from the outbreak of the novel coronavirus in 2020 as more people switched to online transactions. The company’s revenue ascended from $17.8 billion in 2019 to over $25 billion in 2021. Its shares also increased significantly during the global spread of the deadly virus. PayPal accounted for more than 16.4% of…
ICO takes action against Shropshire Council for failing to respond to Freedom of Information requests
The Information Commissioner’s Office (ICO) has issued an enforcement notice to Shropshire Council for its poor handling of requests made under the Freedom of Information Act (FOIA) 2000. Following enquiries made by the ICO, the council confirmed it had a weak FOI request handling system, with individual service areas responsible for recording and collating their own FOI requests. The council said it had plans to clear its backlog of FOI requests by the end of March, but still had 143 unanswered requests towards the end of April. The oldest unanswered request…
Wakweli Inked New Partnership with Blockchain Lawyers Group for Web3 Certification
The partnership between Wakweli and the Blockchain Lawyers Group will offer a number of notable advantages that include but are not limited to boosting the liquidity of the entire Wakweli ecosystem. Wakweli, a Non-Fungible Token (NFT) certification protocol, has announced its latest partnership with the Blockchain Lawyers Group (BLG) as it seeks to establish its outfit as one of the most legitimate for certifying tokenized assets. As contained in the Press Release shared with Coinspeaker, Wakweli said the collaboration aims to enhance the evolving Web3 legal expertise and enable deeper…
4 Ways To Supercharge Your GameFi Project
GameFi is a very promising use case for Web3 and the metaverse, but blockchain gaming builders shouldn’t forget the core elements that made video games popular in the first place. Harness the power of Web3 With billions of gamers active around the globe, the total addressable market for blockchain gaming projects is massive. The value proposition for GameFi is clear: instead of paying top dollar for video games and bonus downloadable content, why not have fun and earn something back for your time? Web3 technology has so much potential for…
Bitcoin fee spike spurs shift to Lightning Network — Binance and Coinbase line up
The recent surge in Bitcoin (BTC) transaction fees has lit a fire under one of the largest crypto exchanges to upgrade to the Bitcoin Lightning Network. Following a second halt in withdrawals, Binance announced it would work on “enabling BTC Lightning Network withdrawals, which will help in such situations.” To prevent a similar recurrence in the future, our fees have been adjusted. We will continue to monitor on-chain activity and adjust accordingly if needed. Our team has also been working on enabling BTC Lightning Network withdrawals, which will help in…
Private Equity Giant Apollo Global Shows Interest in Acquiring Bankrupt Crypto Firm Celsius
Apollo Global, with $500 billion in assets under management, is looking to revamp the bankrupt Celsius Network in partnership with Provenance Blockchain. It’s nearly a year since crypto lender Celsius Network filed for bankruptcy after slipping into a liquidity crisis following the fall of the Terra ecosystem. In the latest development, private-equity giant Apollo Global Investments, with $500 billion in assets under management, announced its participation in the bid of acquiring bankrupt crypto lender Celsius Network. The person familiar with the matter said that Apollo is an investor in the…
Cipher Mining Buys 11,000 Crypto Mining Rigs From Canaan, Reaches 6 EH/s Hashrate
Cipher has an eye on hashrate of 8.2 EH/s by the end of the year. Source