Key Takeaways Liquid Global has raised $120 million in debt financing from FTX. The funding comes a week after Liquid suffered a major crypto hack, resulting in $97 million in losses. Sam Bankman-Fried said FTX was “proud to announce” its capital extension to Liquid. Liquid has closed a $120 million debt financing round from FTX. Liquid Receives FTX Bailout  Japanese […]

On Wednesday (August 25), the teams behind two of the most crypto projects announced the results of an integration that is “the result of many months of close collaboration.” And on Tuesday (August 24), Osprey Funds signalled its intention to launch a private Solana fund. In a press release issued yesterday, the Chainlink and the Solana teams jointly announcedthat Chainlink’s […]

Microsoft, a leading American multinational corporation, won a blockchain-related patent in the US for a ledger-independent token service. According to the latest update published by the United States Patent and Trademark Office (USPTO), Microsoft received the patent for the implementation of a cross-chain token management system. Filed on 25 February 2019, Microsoft won the patent on 24 August 2021. “US […]

Bitcoin has gained momentum as an investment in value stores to challenge gold, since gold is an anti-devaluation and volatility haven of money, according to crypto-currency sources. The assertions are met with skepticism by gold analysts. The World Gold Council, which seeks to promote and maintain demand for gold, contends that gold, a “high-quality liquid asset,” is more pragmatic, with […]

The United Kingdom’s Financial Conduct Authority (FCA) released a supervisory notice on Wednesday, stating that prominent crypto exchange Binance is incapable of being effectively supervised and exposes users to financial risk. The FCA notice — originally dated June 25 — was in relation to Binance’s “complex and high-risk financial products” that pose a significant risk to the investors. It read: “Based […]

Supply chain management platform VeChain announced a new service for combining businesses to overhaul their carbon footprint data management practices. The new service, detailed in a Medium post on Aug. 26, combines decentralized ledger technology with a software-as-a-service (SaaS) business model. The Digital Carbon Footprint SaaS Service “allows enterprise users to log key data and integrate it with world-leading third […]

Today, the Bitcoin (BTC) price is falling back after hitting a high of $49,385. This is the second time it has been rejected at the psychological $50,000 price level. In the previous attempt, buyers pushed the cryptocurrency to the high of $50,558 but were rejected when it reached the overbought region. Today, bitcoin has fallen to support above the 21-day […]

A new survey has found that more than one in ten American citizens aged between 18 to 34 have invested part of their Covid-19 stimulus checks into crypto assets. Conducted by CNBC and research firm Momentive, the survey queried 5,530 adults and found that 11% of survey participants had purchased cryptocurrency with their stimulus money. Roughly half of the respondents were […]