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Blockchain
Iota launches $100M Abu Dhabi foundation for Middle East expansion
The open-source blockchain developer Iota announced on Nov. 29 that it is launching a foundation, the Iota Ecosystem DLT Foundation, based in Abu Dhabi, to focus…
SoFi Technologies to cease crypto services by Dec. 19
United States personal finance company SoFi Technologies will end crypto trading services for its users by Dec. 19.According to the Nov. 29 announcement, new…
Wormhole raises $225M at $2.5B valuation
Cross-chain protocol Wormhole has secured a $225-million investment at a valuation of $2.5 billion.According to the Nov. 29 announcement, the investment round was…
Bitcoin NFT marketplace Bioniq eyes lofty goal of alleviating network congestion
A new Bitcoin nonfungible token (NFT) marketplace aims to reduce network fees associated with the advent of Bitcoin Ordinals inscriptions by tapping into the…
Stakeholder urges swift implementation of Nigeria’s blockchain policy
A stakeholder in the blockchain and fintech ecosystem has called on the federal government of Nigeria to implement regulations that will foster the widespread…
Security audits ‘not enough’ as losses reach $1.5B in 2023, security professional says
As companies continue to fall for hacks and exploits, professionals working in the cybersecurity space chipped in on what can be improved in terms of crypto…
Canaan secures new financing as revenue falls 55% in Q3
Bitcoin (BTC) miner Canaan is seeking new capital amid a slump in its revenue and bottom line.According to its Q3 2023 earnings report released on Nov. 28, the…
More foreign banks join China’s CBDC pilot trials
More foreign banks have joined China’s digital yuan central bank digital currency (CBDC), the e-CNY, following British bank Standard Chartered’s entry on Nov. 27,…
Upbit parent Dunamu’s profits drop 81% in Q3
Dunamu, the owner of Upbit, one of South Korea’s biggest crypto exchanges by trading volume, saw a drop of 81.6% in net profit in the third quarter of 2023…
Animoca to become TON blockchain’s largest validator
Web3 investment firm Animoca Brands is set to become the largest validator on The Open Network (TON) blockchain, and it plans to deliver blockchain-based games to…