The South Korean tech giants Naver and Kakao are set to finalize their blockchain merger plans with a token launch in June. According to Newsis, the token launch will take place in the UAE under the new brand name Kaia. Naver, Kakao Plan June Token Launch Kakao, the operator of the KakaoTalk chat app, is…
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On Monday, about a week after the collapse of Signature Bank, the Federal Deposit Insurance Corporation (FDIC) announced that Flagstar Bank, a wholly owned subsidiary of New York Community Bancorp, acquired 40 former branches of Signature and its assets. Flagstar assumed nearly all of Signature’s deposits, except for $4 billion of deposits related to the…
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Juno recommended users pull their funds from the platform amid “uncertainty” over the fate of its crypto custody provider Wyre. Fiat-to-crypto on-ramp solution provider Juno has urged its users to sell or self-custody the crypto on its platform citing “uncertainty” with its crypto custodian partner Wyre. In a Jan. 4 tweet, the platform explained it…
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The crypto exchange giant Coinbase is putting a positive spin on another quarter of sub-par results – and its CEO Brian Armstrong has stated that “across price cycles,” the exchange is still trending upward. But the firm appears braced for another rocky ride in the coming third quarter of FY2022. In an earnings call, Armstrong…
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Sergey Vasylchuk is the Co-founder & CEO of the staking provider Everstake. __________ Crypto winter, recession, or bear market are just a few of quite numerous monikers that the media uses to describe the current situation…. Read More: Our Company Survived a Crypto Winter and Will Do It Again: Here’s Our Survival Guide for Crypto…
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If you’re in the crypto industry, it seems that Dubai is the place to be right now. Not only is the most populated city in the UAE and one of the world’s biggest tourist hotspots, but it has recently seen an influx of crypto firms looking to establish a regional (or global) base, including…
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The fees will bring virtual currency companies on par with those paid by banking and insurance institutions as a way for the state to recoup operating expense costs and “best support” the industry. The cost of running a crypto business in New York is about to rise with the state government gearing up to require…
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Crypto is now a billion-dollar industry. While reports covering the entire sector are patchy and overly conservative, filings from individual companies speak to the growing scale of crypto, with Coinbase and Blockchain.com alone generating USD 7.35bn and USD 1.5bn in revenue in 2021, respectively…. Read More: How the Crypto Industry is Increasingly Paying Its…
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Two Texan 23-year-olds have use an alternative way to mine Bitcoin (BTC), using flare gas from oil drilling, generating USD 4m in revenue last year, and eyeing USD 20m by the end of 2022…. Read More: Two Texans Use Flare Gas to Net USD 4M on Bitcoin Mining, Plan USD 20M in 2022 Read…
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South Korean crypto trading platforms are not only offering huge pay packages to prospective new hires – they are also looking to retain their staff by paying them massive Lunar New Year bonuses. As reported, the “big four” crypto trading platforms – Upbit, Bithumb, Korbit, and Coinone – collectively hired over 600 new staffers in…
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