Digital ID Startup Spins off From Polygon Labs, Aims to Mitigate AI-Generated Misinformation Risks

Privado ID, previously known as Polygon ID, has announced its spin-off from Polygon Labs on June 13, 2024. The move aims to meet the global demand for digital identity and reputation solutions that work with both onchain and online data. Privado ID’s technology leverages decentralization and private interaction to reduce cost, complexity, and counterparty risk. […]

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Terraform Labs to Dissolve After SEC Settlement, CEO Announces

Following a settlement with the U.S. Securities and Exchange Commission (SEC), Chris Amani, who succeeded Do Kwon as the CEO of Terraform Labs, disclosed that the blockchain firm is set to dissolve. Terraform Labs Set to Close Doors Post-SEC Settlement Blockchain startup Terraform Labs has announced it is ceasing operations following a settlement with the […]

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Microstrategy Proposes $500M Convertible Senior Notes Offering to Acquire Additional Bitcoin

Microstrategy has announced its intention to offer $500 million of convertible senior notes due 2032 in a private offering, subject to market conditions. The company also expects to grant the initial purchasers an option to purchase up to an additional $75 million of the notes within a 13-day period from the issue date. The notes […]

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Egyptian Fintech Startup Sahl Raises $6 Million in Series A Funding Round

The Egyptian fintech startup Sahl has raised $6 million through a Series A funding round. The startup is set to use the capital raised to strengthen its local operations and fund its expansion into the Kingdom of Saudi Arabia. Sahl’s Strategic Partnerships The Egyptian fintech startup Sahl has raised $6 million through a Series A […]

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Aethir (ATH) Is Now Available for Trading on LBank Exchange

PRESS RELEASE. Road Town, BVI, June 13, 2024 – In a significant move for cryptocurrency and mobile technology enthusiasts, LBank Exchange, a premier global digital asset trading platform, has announced the listing of Aethir (ATH) on June 12, 2024. Users of LBank Exchange can brace themselves for the ATH/USDT trading pair, which has gone live […]

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Ripple and Archax Extend Collaboration to Boost Real-World Asset Tokenization on XRP Ledger

Ripple, a leading enterprise in blockchain and crypto solutions, and Archax, the UK’s first regulated digital asset exchange, have announced an extension to their existing collaboration on June 13, 2024. This partnership aims to bring hundreds of millions of dollars of tokenized real-world assets onto the XRP Ledger over the next year, positioning the XRPL […]

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As UK Elections Approach, Crypto Industry Leaders Turn Attention to Keir Starmer, Labour Party

With U.K. opinion polls indicating a strong performance by the Labour Party in the July 4 elections, crypto executives and lobbyists are reportedly focusing their attention on party leader Keir Starmer. The crypto industry has also prioritized two other pro-tech Labour Party leaders in its ongoing effort to influence the U.K. government’s policy on digital […]

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Euro’s Reserve Currency Status Threatened as Its Share of Foreign Reserves Holdings Drops

A report from the European Central Bank indicated that the euro’s share of foreign exchange reserves declined by one percentage point to 20% in 2023. According to the report, the continued diversification of global reserve portfolios into nontraditional currencies threatens to further erode the euro’s share of foreign exchange reserves. Euro’s Decline Coincides with US […]

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Uzbek Court Sentences Student to 10 Days in Prison for Crypto Sales

A 24-year-old Termez State University graduate has been sentenced to 10 days of administrative imprisonment for selling cryptocurrency notcoin. Termez State University is a public institution located in the capital of Surkhandarya province, Uzbekistan. The court found him guilty of violating laws governing the circulation of crypto assets. The case began when a complaint was […]

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Thai Finance Minister Revokes Crypto Exchange Zipmex’s Licenses

The Securities and Exchange Commission (SEC) of Thailand announced Monday that the Thai Minister of Finance has revoked Zipmex’s digital asset exchange and broker licenses effective May 28, 2024. This decision, which followed the Thai SEC Board’s recommendation, was based on concerns over the crypto trading platform’s financial stability, inadequate management structure, and insufficient personnel, […]

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