Godfrey Benjamin

Coinbase Executive and the Chief Product Officer, Surojit Chatterjee has outlined the broad ambitions of the Nasdaq-listed trading platform to transition into the Amazon Web Service (AWS) of the fast-growing cryptocurrency ecosystem. Speaking in an interview with Forbes, Chatterjee outlined the need to diversify the company’s limited revenue stream in order to cushion the effects […]

South Korean-based Venture Capital firm, Hashed has raised the sum of $200 million to fuel its encompassing investments in Web3.0 related innovations.  South Korea's most famous cryptocurrency venture capital Hashed announced that it has raised US$200 million for its Web3.0 fund. Hashed's early investment success projects include Axie Infinity, The Sandbox, Terra, etc. — Wu […]

Binance, the world’s biggest crypto exchange platform by trading volume, is likely to step down its ambitions to secure a license to operate in Singapore as the silence from the regulatory authorities seems to be deafening to the brokerage’s executives. According to local news sources, Binance hinted at the possibility of withdrawing its applications to […]

Croatia’s largest supermarket brand, Konzum, has announced it will start accepting a limited number of digital currencies for purchasing across its 12,000 product lines made online. As the company revealed, there are ongoing plans to debut the new payment method in its physical stores, adding that the initiative is the first of its kind in […]

Decentralized Exchange aggregator, 1inch Network has tapped Amber Group as the lead investor in its Series B funding round facilitated through the private sale of its utility token. The funding round was reportedly oversubscribed and it also saw participation from other investors including Jane Street, VanEck, Fenbushi Capital, Alameda Research, Celsius, Nexo, Tribe Capital, and […]

The Emirates Post Group (EPG) is set to launch the United Arab Emirates’ first Non-Fungible Token (NFT) stamps in a bid to advance its aspirations to become a leading digital operator in the region. The NFT-backed postage stamps are billed to be launched officially on December 2 and will be featuring four unique stamps to […]

In its characteristic manner, business intelligence, mobile software, and cloud-based services firm, MicroStrategy Incorporated has purchased an additional 7,002 units of Bitcoin (BTC) worth approximately $414.4 million. The latest buyups take MicroStrategy’s total holdings to 121,044 bitcoins acquired for approximately $3.57 billion at an average price of $29,534 per bitcoin. MicroStrategy has purchased an additional 7,002 bitcoins […]

Yield-bearing assets data tracker, Staking Rewards has pulled $3.2 million (CHF 3 million) from industry heavyweights including Galaxy Digital, Digital Currency Group, and CoinShares amongst others. The funding round which was over-subscribed 6x also enjoined participation from 1kx Capital and Sygnal Ventures. Staking services are fast becoming popular in the digital currency ecosystem, and many […]

The European Central Bank (ECB) has published a new framework that assesses the security and efficiency of electronic payments, including electronic wallets and crypto-asset-related services bordering on stablecoins. In a press release published by the ECB, the new framework includes an assessment methodology and creates the basis for which related service providers operating within the […]

The ongoing legal feud between embattled blockchain payments firm Ripple Labs Inc and the United States Securities and Exchange Commission (SEC) over the status of XRP coin as security seems to be going in favor of the former according to the Chief Executive Officer, Brad Garlinghouse.  Garlinghouse said he expects the Ripple and SEC case […]

The digital currency industry has largely maintained a broad-based price reversal that has been maintained for a couple of days in a row. While Bitcoin is leading the industry slump at a 3.80% drop in the past 24 hours to $57,357.72, according to CoinMarketCap, the industry’s market capitalization has reclined by over 3.19% to $2.58 […]

The call by Swedish authorities to ban all forms of Proof-of-Work (PoW) mining activities has attracted a backlash from the investment manager, Melanion Capital. According to the Swedish Financial Supervisory Authority and Swedish Environmental Protection Agency, Bitcoin mining is damaging to the environment and places undue strain on electricity networks, thus necessitating their call to […]

Despite the growth of decentralized finance (DeFi) that has pushed the overall Total Value Locked (TVL) from just about $500 million in November 2019 to just over $247 billion today, the ecosystem is not devoid of scams and exploits. A new research report from London-based blockchain analytics firm, Elliptic has shown that the total amount […]

Tony Richards, the outgoing Head of Payments Policy at the Reserve Bank of Australia (RBA) has weighed in on the growing crypto industry, and the increasing adoption and ownership of these asset classes by both retail and institutional investors. In a speech addressed to the Australian Corporate Treasury Association, Richards said he doubts the legitimacy […]

Digital Currency Group, one of the most iconic business groups catering to the fast-growing cryptocurrency ecosystem said it has secured a $600 million credit facility, marking its grand entry into the debt market.  According to the firm, Eldridge led and served as administrative agent of the credit facility. Amongst the companies that bankrolled the credit […]

Tax authorities in the South American nation of Argentina have announced a new regime whereby individual transactions involving cryptocurrencies can now be subjected to taxation. Effective immediately, local media reported that the transactions involving digital currencies are subject to Argentina’s tax on credits and debts. Just like South Korea, prior to this new rule, P2P […]

New York-based blockchain software technology company, ConsenSys has announced the successful completion of a $200 million funding round. The round enjoined participation from top investors including Marshall Wace, Third Point, and Think Investments, who contributed alongside existing investors such as Dragonfly Capital, Electric Capital, Spartan Group, Coinbase Ventures, HSBC, DeFiance Capital, and Animoca Brands The […]

Despite the $2.6 trillion industry that the digital currencies ecosystem represents, the United States Treasury Deputy Secretary, Wally Adeyemo believes the nascent asset class will not impact the dominance of the US Dollar in global financial transactions. Adeyemo acknowledges the fact that cryptocurrencies present a number of opportunities for the economy, however, the risks they […]