PayPal’s proposed NFT purchase and transfer system would handle fractionalization, DAOs and royalties through a third-party provider. PayPal made major progress toward creating its own blockchain ecosystem by filing a patent application for a nonfungible token (NFT) purchase and transfer system. The application, filed in March and published Sept. 21, describes a means of carrying […]
Ripple pulls back from Fortress acquisition 20 days after announcement
Ripple’s CEO Brad Garlinghouse shared the news on X, saying it will remain an investor in Fortress Trust. Within 20 days of announcing the acquisition of Fortress Trust to allegedly expand its pool of licenses in the United States, financial technology firm Ripple is pulling out of the deal. Ripple’s CEO Brad Garlinghouse made the […]
DAOs need to learn from Burning Man for mainstream adoption
DAOs should learn from Burning Man’s example in simplifying their missions and governance structures and keeping community members engaged. As they exist today, decentralized autonomous organizations (DAOs) will not scale to the masses. Sure, shining examples like PleasrDAO, Uniswap DAO, Synthetix’s group of DAOs, and Maker DAO exist, thriving in their respective niches. Still, none […]
Russia’s Yuan Shift: EBRD Economist Warns of Waning US Dollar Dominance
In a recent interview, the European Bank for Reconstruction and Development’s (EBRD) chief economist, Beata Javorcik, highlighted a notable trend: Russia’s growing inclination to transact in the Chinese yuan. This shift, the economist emphasized, could challenge the dominance of the U.S. dollar. “[The] increase in the usage of the Chinese currency is coming at the […]
Buenos Aires to issue blockchain-based digital ID
The first documents to be available on-chain in Buenos Aires include birth and marriage certificates, along with proof of income and academic verification. Buenos Aires, the capital of Argentina, is making a major move toward integrating its bureaucracy with blockchain technology. Starting in October, the city’s 15 million residents can access identity documents via a […]
Google and Microsoft-backed AI firm AlphaSense raises $150M at $2.5B valuation
AlphaSense’s client list now includes most of the S&P 500 and nearly every firm listed in the Dow 50. AlphaSense, a B2B artificial intelligence (AI) platform specializing in business intelligence and search, announced the successful completion of a $150 million Series E funding round led by BOND and joined by Google parent company Alphabet’s investment […]
Coinbase Launches Perpetual Futures Trading for Retail Crypto Traders Outside the US
Coinbase has received a regulatory stamp of approval to start offering perpetual futures trading to retail crypto traders outside the U.S., opening up access to the $5.5 trillion global derivatives market. Coinbase Extends Perpetual Futures Trading to Retail Traders Abroad The Bermuda Monetary Authority (BMA) granted Coinbase International Exchange, the company’s new non-U.S. exchange, a […]
MetaExpand Launchpad on LBank Ends with 52,186,338 USDT in Investment, Attracts Substantial Interest; UMM to be Listed on LBank
PRESS RELEASE. LBank recently concluded its Launchpad for MetaExpand, securing a total investment of 52,186,338 USDT from 35,229 participants. $UMM will be listed on LBank and open for trading on September 29th at 6 AM(UTC). This event was highly anticipated, following the immense success of the previous $PINS Launchpad, which garnered a substantial total investment […]
Court denies Sam Bankman-Fried’s motion for pre-trial release yet again
In a familiar refrain, Sam Bankman-Fried has been denied release on bail ahead of his criminal trial scheduled to begin next week. Judge Lewis Kaplan explained that the former CEO may face a “very long sentence” if convicted at his fraud trial set to commence next week. Reuters quoted Judge Kaplan as saying: “Your client […]
Binance Coin Price Analysis: Will BNB Price Bounce Back Soon?
The post Binance Coin Price Analysis: Will BNB Price Bounce Back Soon? appeared first on Coinpedia Fintech News The crypto industry is on track to stabilize the market, but on the other hand, the top coins continue to hover around their support levels as the top 10 coins are currently trading in the red. The […]