NewsRoom Articles - Page 41 of 171

MondayMar 27, 2023 12:00 pm

TerraUSD Founder Do Kwon Arrested in Montenegro

The International Police (Interpol) has confirmed that Kwon Do-hyeong, commonly called Do Kwon, has been arrested in Montenegro. Do kwon founded a platform that brought stablecoins Luna and TerraUSD to the crypto market. Both coins collapsed in May 2022, resulting in the loss of at least $40 billion from the cryptocurrency market. The resultant panic birthed what came to be referred to as the “crypto winter.” Interpol’s office in Seoul, South Korea, confirmed that the man being held was Do Kwon after the detainee’s fingerprints were taken and matched to the wanted fugitive’s prints. The announcement was made late last…

FridayMar 24, 2023 11:15 am

FTX YouTube Influencers Sued for Up to $1B

The collapse of Sam Bankman-Fried’s FTX last year continues to cause reverberations, with the most recent being the filing of a class-action lawsuit against YouTube influencers who were vocal in promoting FTX to their followers. The plaintiffs want the court to award them damages worth $1 billion dollars. Edwin Garrison is the leader of the plaintiffs, who filed their suit in Miami Division in Southern Florida on March 15, 2023. The suit alleges that the influencers actively promoted the cryptocurrency fraud executed by FTX, and that those influencers didn’t disclose that they were being compensated for their services. The respondents…

WednesdayMar 22, 2023 11:15 am

Blockchain Association Asks Government Agencies to Release Info on Debanking Cryptocurrency Companies

The Blockchain Association, a U.S.-based group advocating for the cryptocurrency industry, has revealed that it has made Freedom of Information Act (FOIA) requests to a number of federal regulatory agencies as the association investigates what it calls improper attempts to keep crypto businesses from accessing banking services. The improper acts, the association asserts, could have played a role in the recent collapse of three major banks. In its March 16 notice, the Blockchain Association reveals that its FOIA requests were sent to the Federal Deposit Insurance Corp. (FDIC), the Federal Reserve Bank system board and the Office of the Controller…

MondayMar 20, 2023 12:45 pm

Paris Blockchain Week to Leverage the Growing Significance of Blockchain Technology

Experienced professionals, policy leaders, blockchain enthusiasts, professionals, and investors in the blockchain industry, are attending the 4th edition of Paris Blockchain Week (“PBW”) being held from March 20-24, 2023 at the Carrousel du LOUVRE in the heart of Paris’ famous palace and largest museum in the world. Paris Blockchain Week is the top international conference devoted to professionals in the Web3 and blockchain space. This 4th edition of the Paris Blockchain Week is Europe’s leading blockchain event, covering: Web3, NFTs, decentralized finance, and metaverse, with 10,000+ attendees from across the world. It’s a great opportunity for blockchain fans to learn,…

MondayMar 20, 2023 9:00 am

Key Democrats Feud Over Recent Banking Sector Turmoil

Two masterminds of the post- 2008 Wall Street regulation system, Rep. Barney Frank and Senator Elizabeth Warren, yet again differ about what is causing banks to fold. While in office, Frank chaired the Committee for House Financial Services just as the global financial crisis hit and he wrote sweeping new rules for the financial sector. He also served as a member on the Board of the New York Signature Bank which was shut down recently. Frank blames Signature’s fall on the crypto panic that started last year. His bank was one of the privileged few that served the industry. A…

FridayMar 17, 2023 1:35 pm

Paris Blockchain Week and Google Cloud Launch Web3 Startup Competition, Reaching 100-Plus Innovative Founders

Competition will connect startups to cloud technology, investors, acceleration programs and more. The start-up competition at Paris Blockchain Week, will kick-off today in partnership with Google Cloud. Start-ups with a focus on blockchain and Web3 will have up to the 15 Feb to apply to participate in this unique opportunity to engage with investors that have a dedicated focus on the industry and convince them to back their projects. Participants in this inspiring competition will include promising projects in the Web3 and blockchain space. The start-up competition will put the spotlight on start-ups with high potential, providing more than 100…

FridayMar 17, 2023 1:28 pm

Why Paris is a Hub for Talents and Development in the Blockchain Industry

Blockchain and other new generations of information technology innovation continue to make significant progress, while the metaverse and Web3 concepts are developing at a high speed. Research shows that France is one of the top countries attracting blockchain talent and French tech startups set a new record with 13.5 billion euros raised last year, an overall increase of 17%. According to a survey on organizational and talent development in the global blockchain industry by LinkedIn and OKX, France is one of the world's top three countries in demand for blockchain talent. France attracts many industry talents due to a rapidly…

FridayMar 17, 2023 10:30 am

How SVB, Silvergate’s Collapse Could Impact the Crypto Industry

Two banks that had warmed up to crypto and supported tech startups have buckled in under a week. In a welcome move, crypto prices rallied over the weekend when the federal government came in to guarantee depositors’ funds in the two banks. Silvergate Capital, which is a cryptocurrency central lender, announced on Wednesday that it is closing its operations and liquidating. The Silicon Valley Bank, a lender to most technology startups, crashed on Friday after depositors panicked and cashed out more than $42 billion after the bank announced its need to raise $2.25 billion to balance its books. Signature, a…

WednesdayMar 15, 2023 1:29 pm

Paris Blockchain Week launches Paris Blockchain Week Awards with Community Voting via Partisia Blockchain

Paris Blockchain Week, jointly with Partisia Blockchain, today announces a Paris Blockchain Week first: Paris Blockchain Week Awards - inaugural edition. The Awards will recognise the most notable individuals, projects, and organisations across this innovative sector at Europe’s largest gathering of thought leaders, innovators, and experts from around the world convening to discuss and advance the state of blockchain and web3 technologies. The awards recognizing the efforts of the blockchain community members are in perfect alignment with Paris Blockchain Week’s vision that emphasises the development of the ecosystem through education, flagship projects and community collaboration to build tomorrow’s digital economy.…

WednesdayMar 15, 2023 11:15 am

Brazil Successfully Debuts Digital Real on Public Blockchain

Brazil’s central bank’s maiden blockchain project, the digital real, made an entry through a public blockchain. A local paper, “Valor Economico,” stated that the trial project was done by Mercado Bitcoin, a crypto exchange, and Stellar protocol, and was designed to bring awareness to low-cost as well as real-time settlements to the users. Special attention was placed on the simulated delivery vs. payment model for the instant exchange of assets plus funds. Fulvio Xavier, head of special projects at Mercado Bitcoin, said the thesis was geared at proving the possibility of safety and viability in transacting using digital assets leveraging…