How high fashion is waking up to blockchain’s possibilities
Luxury fashion houses set trends that trickle down to the rest of culture. Here’s where brands like Prada and Burberry are headed on the blockchain curve.
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US Senate Banking Committee sends inquiries to stablecoin issuers
The U.S. Senate Banking Committee has sent letters to several stablecoin issuers to inquire about their operational features. Fast facts In a Monday tweet, Ron Hammond, director of government relations at the Blockchain Association, said the stablecoin issuers include Coinbase, Gemini, Circle, Paxos, TrustToken, Centre, Binance U.S. and Tether. “This is likely a sign of…
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Crypto miner Xive flees southern Kazakhstan amid power shortages
Xive co-founder tells Forkast.News no mining is possible in the south, while other regions still survive.
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South Korea’s Gamevil acquires blockchain tech company
Gamevil, the South Korean mobile game software developer, has acquired blockchain technology company Zenaad with plans to grow as a platform for blockchain-based games. Fast facts Gamevil revealed yesterday that it has entered the final stage of constructing its blockchain ecosystem with the acquisition of Zenaad. The tech force at Zenaad has been internalized into…
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Japan’s top banks look to launch a digital currency backed by bank deposits
The Japan Digital Currency Forum has released a white paper examining the possibility of a new cryptocurrency backed by bank deposits. Fast facts The forum consists of over 70 companies, including the country’s top banks such as MUFG Bank, Sumitomo Mitsui Banking Corp., Mizuho Bank, Japan Post Bank, among others. Several government agencies also are…
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Crypto.com on a price tear as Cardano, TRON plummet on eToro delist news
Cardano ADA and Tron TRX will no longer be available to eToro’s US customers next year while CRO reflects Crypto.com ‘going from strength to strength.’
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Australian superannuation fund considers crypto investment
One of Australia’s leading superannuation funds, Rest Super, indicated it is looking at investing in cryptocurrency — calling it a hedge against rising inflation — before stressing it is still only in the research phase of investing, according to a report in the Australian Financial Review. Fast facts Speaking at the fund’s annual general meeting…
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Why Arbitrum and rollups are dominating Ethereum scaling
Arbitrum is leading the way in Ethereum scaling, according to a new report by Nansen, a blockchain analytics platform. What are the challenges that lie ahead?
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India’s crypto market plummets as parliament schedules debate on bill to ban it
Bitcoin and Ethereum prices fell nearly 24% in India as investors sought to get ahead of a possible crypto prohibition.
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Hex Trust to provide financial services for Animoca gamers
Hex Trust and Animoca Brands team up to tackle a key problem in gamefi.