Taiwan-based liquidity provider, WOO Network, has reached a significant agreement with Three Arrows Capital (3AC) liquidators, taking a crucial step towards regaining control of its financial future. 3AC filed for bankruptcy in July 2021 due to a financial crisis caused by excessive leverage and the collapse of the $60 billion Terra Luna ecosystem, in which […]
The Central Bank of Nigeria (CBN) has addressed concerns that its central bank digital currency (CBDC), the eNaira, poses a threat to the country’s financial stability. The CBN released a press statement in response to media reports suggesting that the eNaira could have negative implications. These reports referenced a CBN report called “Economics of Digital […]
Linqto, a pre-IPO investment platform, is attracting a lot of attention as it hints at reopening opportunities for investors to purchase Ripple shares before its highly anticipated IPO. Ripple, known for its resilience in the face of legal challenges, is now on the verge of going public, generating excitement not only within the crypto community […]
Switzerland’s announcement at the Sibos 2023 conference about live transactions with a Central Bank Digital Currency (CBDC) has sparked a flurry of claims and counter-claims within the XRP community. A user on X (formerly Twitter) claimed that the Swiss Central Bank is using XRP as a settlement token through the R3 network. However, an expert […]
BitMEX co-founder Arthur Hayes has expressed concerns about the potential impact of asset management giant BlackRock entering the Bitcoin space. While Hayes acknowledges the positive effect a spot Bitcoin exchange-traded fund (ETF) could have on the crypto market, he worries about the influence traditional finance could have on the underlying fundamentals of Bitcoin. Specifically, he […]
Web3 gaming platform Immutable has partnered with Amazon Web Services (AWS) to expand options for game developers. Immutable has been added to AWS’s ISV Accelerate Program, which provides software solutions that run on or integrate with AWS. Developers looking to build on Immutable’s blockchain can also join AWS Activate, which offers perks such as technical […]
A bipartisan parliamentary committee in the UK has called on the government to protect creators from copyright infringement related to nonfungible tokens (NFTs) and address potential risks associated with sporting groups issuing digital assets. The committee highlighted the ease and speed at which NFTs can be minted, compared to the slow process for artists to […]
Shiba Inu’s lead developer, Shytoshi Kusama, has revealed some future plans for Shibarium, the Ethereum-based layer-2 scaling solution. The focus is on enhancing scalability, security, and overall functionality. The protocol aims to change the method of onboarding validators to ensure network safety. The plan is to onboard the right participants while keeping the strategy behind […]
Only 7% of users who initially engage with Ethereum continue to use the platform after a year, according to recent data from Token Terminal. This suggests that the majority of users, approximately 93%, stop using Ethereum for token transfers and smart contract deployment within a year. The reasons behind this lack of user retention are […]
Bitcoin’s potential for real-world use cases and increased adoption and utility lies in its connection to the Ethereum Virtual Machine (EVM), according to Willem Schroé, the founder of cross-chain infrastructure firm Botanix Labs. Schroé argues that Bitcoin needs to enter the EVM world to bridge the gap between mainstream adoption and the broader financial system. […]
