Industry
Breaking News: Cardinal at Solana Forced to Cease Operations as Economic Challenges Intensify
Solana's Cardinal protocol, which raised $4.4 million last year to enhance the utility of non-fungible tokens (NFTs), is shutting down its operations due to economic conditions.James DeanMassive Boost for Inflection AI: Microsoft and Nvidia Lead $1.3B Funding Round
Inflection AI, a Palo Alto-based company, announced on June 29 that it has successfully raised $1.3 billion in a funding round led by prominent investors such as Microsoft, Reid Hoffman, Bill Gates, Eric Schmidt, and Nvidia.Barry StidhamCryptocurrencies: Africa's Lifeline Against Inflation and Corruption, Say Industry Leaders
Blockchain technology and cryptocurrencies are making a significant impact in Africa by addressing real-world problems such as hyperinflation and corruption, according to industry executives.Craig GreenCoinbase's Cutting-Edge Network, Set to Unleash Mainnet in Imminent Launch
Coinbase has developed Base, a layer 2 protocol focused on application development, and it is now one step away from its mainnet launch.Christopher SmithRecord-Breaking: Fed's Banking Bailout Surges to Whopping $103 Billion Weekly High
Redemptions from the Federal Reserve's Bank Term Financing Program (BTFP), an emergency lending program for struggling banks, have reached the highest level since its inception three months ago.Cornell RachelSave the Date: ZkDay Arrives in Paris on July 19th for a Spectacular ZK Conference at EthCC
The global expansion of zero-knowledge (ZK) projects continues, with Manta Network, Polychain Capital, and Cointelegraph hosting a ZK event in Paris.Martha GrizzardUS SEC Raises Concerns Over Insufficient Filing for Spot Bitcoin ETF
The wait for spot Bitcoin exchange-traded funds (ETFs) in the United States may be extended as the Securities and Exchange Commission (SEC) found the recent filing by an investment manager to be insufficient.Wayne IngramRegulators Launch Investigation into South Korean Crypto Lending Firm Delio
Delio, a South Korean cryptocurrency lending firm, is facing an investigation by the country's Financial Services Commission (FSC) for allegations of fraud,Hallie GillChallenges Mount for Crypto Venture Capitalists in North America
Yat Siu, the CEO of Animoca Brands, has observed that the global cryptocurrency space is experiencing uneven growth, with Web3 startups thriving in the Middle East and Asia, while North American entrepreneurs face challenges due to macroeconomic and regulatory conditions.Jerry McNeillFTX Halts $500 Million Stake Sale in Revolutionary AI Firm Anthropic
The planned sale of FTX's $500 million stake in AI startup Anthropic has been halted, potentially complicating the cryptocurrency exchange's efforts to address its remaining $2 billion balance sheet deficit.Sherry CantwellSony Networks Sparks Web3 Revolution with Strategic Investment in Japanese Startup!
Sony has made a significant investment in the development of Web3 infrastructure, further solidifying its presence in emerging technologies.Barry StidhamVoyager Settles Legal Battle, Agrees to Pay $1.1 Million in April's Legal Costs!
Voyager Digital, a bankrupt cryptocurrency brokerage, has been ordered to pay $1.1 million to its legal counsel, Kirkland & Ellis, for fees and expenses associated with the company's bankruptcy proceedings in April.Craig GreenMicroStrategy Seizes the Opportunity: Acquires $347 Million Worth of Bitcoin Amid Market Thaw!
On June 28. MicroStrategy, a software analytics firm, disclosed that businesses acquired 12.333 bitcoins, valued at $347 million.Cornell RachelCrypto Scams Expose Massive $7.8 Billion Loss in 2022: A Stark Reminder of the Dark Side of Cryptocurrency!
According to a report by TRM Labs, cryptocurrency pyramid and Ponzi schemes worldwide are estimated to result in a total payout of $7.8 billion in 2022.Martha GrizzardBridging the Terra Ecosystem: Six Samurai Team Joins Forces to Ignite Renewed Momentum and Innovation
The Terra Classic (LUNC) ecosystem recently witnessed a series of significant developments. Following a joint governance proposal for liquid collateralized derivativesChristopher SmithNavigating the Crypto Travel Rule: Upholding Enforcement Efforts, but Struggles Persist in Ensuring Compliance
The Financial Action Task Force (FATF) has reiterated its call for countries to enforce the "travel rule" as a means to combat money laundering and terrorism financing associated with cryptocurrencies.Martha GrizzardDefending Truth or Limiting Freedom? Unveiling Australia's Controversial Draft Bill to Tackle 'Misinformation
The Australian government has introduced a draft bill that threatens significant fines for tech and social media giants if they fail to remove misinformation from their platforms.Wayne IngramA Technological Revolution Down Under: Australia's Token Swap Embraces Versatility, Asserts Treasury Official
The Australian Treasury's approach to defining crypto assets in its digital asset token mapping will be "technology agnostic" and "principles-based," according to a Treasury official.Hallie GillUnmasking the Crypto Scam Epidemic: Australian Bank Reveals 40% Infiltration Amidst Strict Security Measures
Australia's cryptocurrency industry is likely to face ongoing banking challenges as the government and major banks remain firm in their stance against scams involving cryptocurrencies.Christopher SmithCrypto Market Structure Bill Sparks Congressional Inquiry: Lawmakers Urge Treasury and SEC for Information
California Representative Maxine Waters, who holds a prominent position on the US House Financial Services Committee, has urged federal regulators to provide their input on a proposed framework for digital assets.Martha Grizzard
