Ripple Labs, the blockchain-based payment protocol company, has sparked speculation about a potential Initial Public Offering (IPO) with a recent job posting for a “Shareholder Communications Senior Manager.” This development has led many to infer that Ripple is preparing for an IPO, although the company has not issued an official statement regarding this matter. The […]
Terraform Labs, the company behind the Terra blockchain ecosystem, has filed a lawsuit against Citadel Securities, accusing the market-making giant of manipulating Terra’s UST stablecoin. The lawsuit alleges that Citadel Securities deliberately caused the UST stablecoin to deviate from its $1 peg, resulting in significant losses for Terra. Contrary to popular belief, Terraform Labs argues […]
After conducting thorough investigations, it has been revealed that a significant amount of funds is missing from FTX customer assets. In response to this, FTX Trading Ltd and its associated debtors have proposed a settlement that would result in the majority of lost crypto and financial assets being refunded to customers.The proposed settlement, which is […]
Cryptocurrency custody specialist BitGo has acquired HeightZero, a software platform that helps wealth managers incorporate cryptocurrencies into their clients’ portfolios. The financial details of the acquisition have not been disclosed, but it highlights the growing institutional interest in the crypto market. BitGo’s CEO, Mike Belshe, has urged wealth managers and regulated investment advisors (RIAs) to […]
The IOTA Foundation has been selected to participate in the official startup delegation of the United Arab Emirates (UAE) at the CEATEC conference in Japan. This recognition highlights IOTA’s contribution to advancing Web3 and Web2 technologies. With its groundbreaking Tangle technology, IOTA aims to showcase its potential impact on the Japanese and global markets at […]
Roblox, one of the largest online gaming platforms, has made a significant move in the world of cryptocurrency by integrating Ripple’s XRP for in-game transactions. This collaboration was made possible through partnerships with payment solution providers Xsolla and BitPay. The integration of XRP into Roblox’s platform highlights the potential of digital assets in enhancing gaming […]
Fintech payments company Ripple has posted a job opening for a shareholder communications senior manager, leading many to speculate that the company is planning to go public. The role involves direct communication with shareholders, which is typically associated with publicly traded companies. The chosen candidate will be responsible for developing communication strategies for investors and […]
Bankrupt cryptocurrency exchange FTX has proposed a plan to return up to 90% of the funds held by creditors before its collapse in November. The plan, which will be filed with a U.S. bankruptcy court by December 16, states that customers with a preference settlement of less than $250,000 can accept the settlement without any […]
Upbit, South Korea’s largest cryptocurrency exchange, has received in-principle approval for a Major Payment Institution (MPI) license in Singapore. The Monetary Authority of Singapore (MAS) granted the approval, allowing Upbit Singapore to offer digital payment token services to institutional investors while awaiting its full license. This approval is seen as a strategic milestone for Upbit […]
Stablecoin issuer Circle has partnered with digital asset provider Coins.ph to improve remittance services in the Philippines. The partnership aims to promote the use of USDC-denominated remittances as a safe, affordable, and fast method for international money transfers. The Philippines received $36.1 billion in remittance flows in 2022, highlighting the importance of remittances to the […]
