Blockchain

Blockchain

Facebook’s Head of Crypto Quits Weeks After Meta Rebranding

Facebook, now known as Meta, has only begun its development, post the commencement of the company’s rebranding. However, shockingly, one of the core team members, i.e., the head executive of the cryptocurrency department, David Marcus has announced his departure from the company by the end of this month. Marcus took to Twitter yesterday, unveiling the […]

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Blockchain

Just-In: Crypto.com Buys Two Crypto Derivatives Platforms in the US For $216 Million

Crypto.com, the popular crypto trading platform is looking to expand its footprint in the US with a $216 million purchase. The crypto trading platform bought two crypto derivatives exchanges from the financial group IG Group Holdings. The deal is expected to commence by the first half of 2022.  Kris Marszalek, co-founder, and chief executive officer […]

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Blockchain

CB Insights Report: Crypto Investments & Startups in the US See 587% Hike Amid China’s Crypto Ban

Since the commencement of the Q4, crypto has experienced exceptional bulls, globally. Especially, given China’s active approach towards implementing a crypto ban, the former crypto hub’s start ups and investment giants are now moving into the US crypto market. According to CB Insight’s latest report, the value of venture investments in to crypto shot through […]

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Blockchain

Jack Dorsey Takes A Big Bet on Blockchain and Crypto, Rebrands Square to Block

Two days after appointing India-born Parag Agarwal as the new CEO of Twitter, founder Jack Dorsey has set himself for another mission. The Twitter founder is hinting at putting a major focus on developments in the blockchain and crypto space. On Wednesday, December 1, Dorsey’s financial services firm Sqaure Inc. announced its rebranding to Block […]

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Blockchain

SEC Chief Calls for Centralization of Crypto Exchanges, Says “Work with us”

The infamous SEC Chief, Gary Gensler is back at it with more remarks on the need for regulations in the decentralized industry. Chair Gensler remotely spoke at the Digital Asset Compliance and Market Integrity (DACOM) Summit, asserting the need for crypto exchange platforms to get registered with the SEC in lieu of consumer protection. He even […]

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Blockchain

Breaking; South Korea Set to Postpone Controversial Crypto Taxation to 2023

South Korea has pushed back its controversial tax on crypto gains by one year. The National Assembly of South Korea passed a bill on Tuesday to push back the implementation of crypto taxation to January 2023. The bill once cleared by the plenary session would impose a 20% tax on crypto gains of more than […]

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Blockchain

Chinese Magazine Estimates Binance CEO’s Net Worth, Here’s the Catch

The world’s largest crypto exchange, Binance is valued at hundreds of billions in USD, along with the its CEO, Changpeng Zhao, who was recently announced as the richest man in Ethnic China, valuing him at $90 billion. According to statistics published by the China Caijing magazine, CZ is among the top ten richest people in […]

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Blockchain

Breaking: Softbank Set to Invest $150 Million in Female Dominated Metaverse Project Zepeto

Softbank, a Japanese multinational conglomerate holding company is reportedly the latest to join the Metaverse mania. The firm is reportedly in talks to invest $150 million in the South Korean Metaverse platform Zepeto, as per a report in WSJ. *SoftBank to Invest $150 Million Into Metaverse Platform Zepeto, Companies Say — *Walter Bloomberg (@DeItaone) November […]

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Blockchain

Breaking: This Thiel-Backed Institutional Crypto Exchange is getting Traction, Here’s Why

Crypto exchanges catering solely to institutional players are on a rise, with yet another big name in the industry backing a similar project. Peter Thiel-backed crypto exchange, Bullish has announced that it will now offer crypto trading services for enterprises and also plans on eventually extending its reach into the retail market. The institutional crypto […]

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Blockchain

This User Mistakenly Transferred $3.6 Million to ConstitutionDAO, Here’s What Happened

The decentralized organization, ConstitutionDAO remains in news despite its announcement of the platform’s closure. In a latest update, it was revealed that a user recently reached out to ConstitutionDAO via Discord, seeking refund of approximately $3.6 million from the platform. According to the Chinese Journalist, Colin Wu’s latest tweet, this investor was mentioned under the […]

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