Sustainable blockchain GRNGrid, which allows users to use nodes running on renewable energy for transactions, announced a $50 million investment commitment from digital asset investment firm GEM Digital. The funding will go toward connecting with top crypto exchanges, new partnerships and building out the blockchain technology, according to the press release. Source link
Cassano previously was editor-in-chief of Cointelegraph and, before that, worked as a journalist at Fast Company and Newsweek. Wachsman, whose clients have included Avalanche, Cardano and Kraken, employs 175 people on three continents, according to the statement. Source
Despite Minecraft creator Mojang Studios being against the integration of nonfungible tokens (NFT), a Metaverse-focused firm managed to introduce NFTs into several games including its own Minecraft server. In an interview with Cointelegraph, Oscar Franklin Tan, the Chief Financial Officer of blockchain gaming firm Enjin, and MyMetaverse CEO Simon Kertonegoro shared how they were able to connect the dots and implement NFTs into Minecraft without violating its terms and conditions. According to Kertonegoro, Minecraft’s rules on NFTs have been about protecting players from negative experiences, and many servers have violated…
The Financial Conduct Authority (FCA), the chief financial regulator in the United Kingdom, issued a warning to Bahama-based crypto exchange FTX, claiming it operates without authorization. The company joined a growing list of unregistered cryptocurrency-related businesses that continue to outweigh those signed up with the FCA. A warning note, dated Sept. 16, claims that the firm “may be providing financial services or products in the UK without authorization.” Addressing the potential customers, the FCA notes that they won’t be able to get their money back or seek the protection of…
A Web3 technology company, Virtual Nation Builders, recently said it acquired FHM, the firm that created safcoin, South Africa’s touted first proof-of-work cryptocurrency to list on a global exchange. As a result of the Web3 firm’s acquisition of FHM, the cryptocurrency will now “list and merge all its digital use-cases and platforms into the new VNB-built Cowrie exchange and partnerships.” Supporting Clients’ Digital Needs Virtual Nation Builders (VNB), a Web3 technology firm, recently revealed it had acquired FHM (Pty) Ltd., the South Africa-based creator of what is dubbed Africa’s first…
Opennode, a bitcoin payment infrastructure firm, recently said it will run trials of its bitcoin processing and payout solution through the Central Bank of Bahrain’s regulatory sandbox. According to Dalal Buhejji, an executive director with the Bahrain Economic Development Board, the central bank’s sandbox helps to ensure that fintechs will continue to innovate and adhere to best regulatory practices. Helping Grow Bahrain’s Economy A bitcoin payment infrastructure company, Opennode, has said it intends to “test a bitcoin payment processing and payouts solution via the Central Bank of Bahrain (CBB) regulatory…
The saga that has been Celsius’ downfall this year has been well documented. CEO Alex Mashinsky has been a focal point of crypto critics after his engagement in ‘taking over‘ Celsius’ crypto strategy in the 11th hour before the platform’s pseudo-shutdown. That isn’t slowing down a persistent Mashinsky, who, despite enduring a slew of bankruptcy procedures, continues to trudge along in forecasting some sort of future for Celsius. This week, Mashinsky is looking to reposition Celsius as a digital asset custody firm, according to a new report from The New…
Crypto lending platform Celsius, currently in the middle of bankruptcy proceedings, reportedly plans to rebuild around crypto custody services. According to a Tuesday report from the New York Times, Celsius CEO Alex Mashinsky and head of innovation and chief compliance officer Oren Blonstein aimed to revive the company using a project named Kelvin — storing users’ crypto and charging fees on certain transactions. Mashinsky reportedly made the announcement at a Sept. 8 meeting for employees, at which the company discussed possible scenarios for its future after filing for Chapter 11…
Satoshi Nakamoto writes the white paper Halloween night in 2008 – a number of years later, people start to invest in it, they’re buying and selling it. Some years later, we start to see other coins, other tokens. And, you know, if you just look at coinmarketcap.com, there’s like 10,000 or so tokens listed there. Some have more liquidity than others, of course, and some have more value than others. But what is the investing public doing? They’re investing for a better future, based upon the efforts of others. There…
Elliot David, head of strategy and partnerships at Sustainable Bitcoin Protocol, a company that is developing an on-chain product for miners looking to certify their energy use, said that “unless a miner is holding the RECs attributed to their power consumption, they can’t technically claim that they’re using clean energy. As a result, we’ve seen miners take a wide range of existing approaches” from nothing at all to buying high-quality RECs. Source