Author: Karikari Daniel

Article written by Karikari Daniel

Russian Bank Breaks New Ground with First On-Chain Bank Guarantee in China’s Currency

March 3, 2023 2 mins read

Moscow Credit Bank (MCB) has made a significant breakthrough in the use of blockchain technology by issuing a bank guarantee denominated in Chinese currency, becoming the first bank in Russia to do so. The bank guarantee, which exceeds 100 million Chinese yuan or nearly $144,600 at the time of publication, was executed through the Masterchain blockchain platform, which is the Russian national blockchain network created to transfer digital assets between

Robinhood Introduces Mobile Wallet for Apple Devices

March 2, 2023 1 min read

Trading platform Robinhood has announced the launch of its Web3 wallet on the Apple App Store, bringing it to iOS users in over 130 countries. The multi-chain, self-custody wallet was previously only available via a waitlist, but can now be accessed without delay. The Android version of the wallet is scheduled for release later this year. Since its beta launch in September, the Robinhood Wallet has integrated Ethereum and added

MyAlgo Users Advised to Withdraw Funds Amidst $9.2M Hack

March 1, 2023 1 min read

MyAlgo, a wallet provider for the Algorand (ALGO) network, has warned its users to withdraw funds from wallets created with a seed phrase as a result of an ongoing exploit that has led to an estimated $9.2 million worth of funds being stolen. The company tweeted the advice on February 27th, stating that it does not yet know the cause of the wallet hacks and advising everyone to take precautionary

Shanghai Hard Fork Simulated Successfully on Second Ethereum Testnet

February 28, 2023 1 min read

The Ethereum blockchain is inching closer to its highly anticipated Shanghai upgrade, thanks to the successful replication of withdrawals of staked ether (ETH) on the Sepolia test network. The upgrade will mark Ethereum’s complete transition to a fully functional proof-of-stake network, which will enable validators to withdraw rewards earned from adding or approving blocks to the blockchain. The test on Sepolia was designed to provide developers with another dress rehearsal

Solana Network Recovers with Second Round of Rebooting

February 27, 2023 1 min read

Solana, the high-performance blockchain network, is back online after two attempts to restart the network. The issue occurred on February 25, 2023, causing transaction processing on the network to stop. However, after diligent work from the Solana engineers, the issue has been resolved, and the network is now fully operational. According to Solana Status, a monitoring site for the network, the fix occurred at 01:28 UTC. The engineers continued to

Circle Prepares for Growth with 25% Workforce Expansion in 2023

February 24, 2023 1 min read

Circle, the issuer of the USDC stablecoin, has announced plans to increase its workforce by up to 25% in the coming year, according to a recent report by the Wall Street Journal (WSJ). The decision comes despite Circle canceling its deal to go public due to missed deadlines to submit required files to the Securities and Exchange Commission. Although the merger deal fell through, Circle had reportedly raised around $400

Spotify Explores Blockchain with Token-Based Music Playlists

February 23, 2023 1 min read

Music streaming platform Spotify is piloting a new service called “token-enabled playlists,” which will allow non-fungible token (NFT) holders to connect their wallets and listen to curated music. Currently, the service is only available to token holders within the Fluf, Moonbirds, Kingship, and Overlord communities, with the curated playlists actively updated during the three-month testing period. The playlists can only be accessed by community members via a unique link. The

Charles Hoskinson defends Cardano against “cult” allegations

February 22, 2023 1 min read

Cardano (ADA) founder Charles Hoskinson has recently come under fire for suggesting contingent staking as a solution to help the cryptocurrency industry meet regulatory requirements. Some critics have also referred to the Cardano community as a cult, which Hoskinson has vehemently denied. In a tweet posted on February 21, Hoskinson addressed the attacks on his views and the Cardano community as a whole. He emphasized that contingent staking was only

US regulatory crackdown results in $32 million in digital asset outflows

February 21, 2023 1 min read

The regulatory crackdown in the United States may have given institutional investors the chills, as digital asset investment products experienced the biggest weekly outflow of 2023. The largest outflow of the year, $32 million, was recorded in the last week for digital asset investment products, according to a report by institutional crypto fund manager CoinShares on February 20. The move comes as the Securities and Exchange Commission intensifies what market

Former FTX executive Nishad Singh in talks to plead guilty to fraud charges

February 20, 2023 1 min read

Former FTX executive Nishad Singh is reportedly negotiating a guilty plea deal with Manhattan prosecutors over his involvement in fraud charges related to the cryptocurrency exchange’s collapse last November. Bloomberg reported on Friday that Singh may plead guilty to the charges, putting additional pressure on FTX’s former CEO and founder Sam Bankman-Fried, who pleaded not guilty to an eight-charge indictment related to the bankrupt exchange. The U.S. Securities and Exchange

Binance Shifts $400M from US Partner to CZ-Affiliated Company

February 17, 2023 1 min read

Binance, the world’s largest cryptocurrency exchange, has reportedly accessed a bank account belonging to its U.S. partner without authorization. According to Reuters, the unauthorized access enabled Binance to transfer large sums of money from the U.S. partner’s account to a trading company controlled by its CEO, Changpeng Zhao, also known as CZ. Banking records and internal messages obtained by Reuters show that more than $400 million was transferred from an

Bitcoin Magazine Ukraine Unveils Debut Print Edition

February 16, 2023 1 min read

Bitcoin Magazine Ukraine has announced the release of its first printed publication, “Bitcoin. Freedom. Ukraine.” This marks a significant milestone for the publication as it expands from its online platform to the print media landscape. The magazine’s first issue is dedicated to Bitcoin and its decentralized technology, providing readers with a comprehensive dive into the Bitcoin rabbit hole. The issue will also feature a first-of-its-kind rating of bitcoin owners in