Month: September 2023

Hong Kong politician responds to Vitalik’s comments about crypto-friendliness

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Johnny Ng, a member of the Legislative Council of Hong Kong, took to social media on Sept. 15 in response to comments made by Ethereum co-founder Vitalik Buterin about Hong Kong’s future “friendliness” toward cryptocurrencies.  Ng said he “sincerely invites” Buterin to visit Hong Kong to better understand the region. Additionally, he said he would “coordinate with relevant institutions and enterprises to share the situation in Hong Kong.” 昨天就以太坊創始人Vitalik Buterin分享關於在香港發展虛擬資產項目 (Cryptocurrencies Project) 的看法，我尊重他的發言權利，但同時認為他不了解和不:認識香港的情況。我有以下邀請和看法: 1. 我現誠意邀請Vitalik先生來香港了解情況。我願意協調相關的機構和企業向其分享香港的情況。 2.… pic.twitter.com/pnXipv7YE0 — Johnny Ng 吴杰庄 (@Johnny_nkc) September 15, 2023 At the Web3 Transition Summit…

Arbitrum, Polkadot, and Domini.art on focus

In the dynamic crypto scene, several projects, including Arbitrum, Polkadot, and Domini.art (DOMI), can be explored. Each has unique strengths and potential for innovation and growth.  This article examines these projects and opportunities they can present. Arbitrum: unlocking potential of layer-2 scaling Arbitrum, the layer-2 scaling solution for Ethereum, can shape decentralized applications (dapps) and smart contracts. As Ethereum grapples with scalability challenges, Arbitrum offers a lifeline by providing faster transaction processing and significantly lower gas fees. Often considered one of the best cryptocurrency layer-2 solutions, Arbitrum uses Optimistic Rollup…

Salesforce to Hire 3300 Workers After Initial Employee Layoffs

According to CEO, the company needs to employ “thousands” of people to maintain its growth potential and margins. Cloud-based software firm, Salesforce, is planning to boost its employee numbers by hiring 3,300 specialists. Chief Executive Marc Benioff revealed this while speaking to Bloomberg at the company’s annual Dreamforce conference. The announcement follows the company’s decision to lay off 10% of its employees in January. Amid an effort to increase profits, Salesforce cut about 8,000 jobs. Another 50 sales and customer success employee lost their jobs in August. At the time,…

Germany’s blockchain funding increases 3% amid market downturn: Report

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Germany has reached an all-time high in global venture capital funding share in 2023 despite a decline in the overall performance of the blockchain market across the globe, according to a report published by Crypto Valley Venture Capital (CVVC).  Within CVVC’s report titled “The German Blockchain Report 2023,” the country’s blockchain sector recorded a total of $355 million invested across 34 deals. This represents a 3% year-over-year (YoY) increase in funding for the Western European country, according to the CVVC. State of German venture capital funding in 2023. Source: CVVC Apart…

BTC price shows ‘textbook’ Wyckoff moves as Bitcoin bulls defend $25K

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Bitcoin (BTC) consolidated higher on Sept. 15 as analysis described recent BTC price behavior as “textbook.” BTC/USD 1-hour chart. Source: TradingView Analyst on Bitcoin: “September is not rektember” Data from Cointelegraph Markets Pro and TradingView showed the largest cryptocurrency focusing on $26,600 — below a key breakout level. Bitcoin had shrugged off the latest United States macroeconomic data reports the day prior, joining traditional markets in heading higher despite hints that inflation was more stubborn than expected. Amid a renewed bullish mood, Michaël van de Poppe, founder and CEO of…

Bybit Pledges Commitment to Stay in UK amid Changing FCA Rules

Bybit’s approach is grounded in cooperation and compliance, seeking to create a harmonious relationship with UK regulators and authorities. Bybit, a prominent crypto exchange remains steadfast in its commitment to stay in the United Kingdom with CEO Ben Zhou reiterating that “leaving the UK is not part of our current strategy”. The New Regulatory Landscape in the UK Crypto has been the subject of intense scrutiny by regulatory authorities around the world. The UK is no exception, and its Financial Conduct Authority (FCA) has been actively working to establish a…

Meta’s Horizon Worlds Expands to Mobile and Web in Early Access

Meta emphasized that early access will gradually expand as it collects feedback and refines the user experience. Meta, the parent company of Facebook, is taking a significant step in its metaverse journey by expanding its 3D social platform, Horizon Worlds, beyond virtual reality (VR) headsets. The online gaming platform, which was initially accessible to the United States and Canadian residents before rolling out to other parts of the world, will be available to more users outside the metaverse for the first time since its launch in 2021. Expanding the Metaverse…

Deutsche Bank Announces Strategic Partnership with Taurus to Offer Crypto Custody Services

Deutsche Bank with about €1.3 trillion in assets under management will leverage the Taurus tokenization to manage customers’ digital assets. Germany’s leading banking institution for over 150 years Deutsche Bank AG (NYSE: DB) has announced a strategic partnership with Taurus SA to provide crypto asset custody services to its global customers. According to the announcement, the two institutions will collaborate to provide tokenization services in addition to digital asset custody. Following the announcement, Bitcoin price and the entire crypto market edged about 2 percent higher in the past 24 hours…

Bitwave Acquires Gilded for Undisclosed Amount to Solidify Its Dominance in Web3 Payment Industry

Following the successful acquisition, Gilded CTO Ken Gaulter will be joining the engineering team at Bitwave to ensure a smooth transition. Bitwave, a San Francisco-based tech company that focuses on enterprise accounting for the crypto industry, announced a strategic acquisition of Gilded Finance, a leading provider of Web3-focused accounting and financial reporting tools. According to the announcement, the transition will not impact Gilded’s clients as they will still have access to data for now. However, Bitwave noted that any transition plan will be announced beforehand to avoid any inconvenience. “With…

XRP lawyer John Deaton joins LBRY case as amicus curiae

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Lawyer John Deaton, who represents numerous XRP token holders in the Ripple- Securities Exchange Commission (SEC) lawsuit, has formally submitted his notice of appearance as an Amicus Curiae in the LBRY lawsuit.  According to a document submitted on Sept. 14, 2023, to the United States Court of Appeals for the First Circuit, Deaton has officially submitted his Notice of Appearance on behalf of Amicus Curiae Naomi Brockwell. Referring to his submission, Deaton said in a post on X (formerly known as Twitter), “Win, lose, or draw, we will be in the fight!”…