Browsing:Crypto

Solana (SOL) surges over 58%
1 year ago 1 min read

Solana Token Sees 58% Increase in Value Over Two Weeks

Solana (SOL) has seen a remarkable rebound in 2023. After experiencing a collapse of more than 80% over the course of last year, the price of SOL has more than doubled this month. According to CoinGecko, the price of SOL rose more than 58% to $23.70 in the last seven days. Not only has the price of SOL risen, but the trading volume for Solana has also seen a significant increase. The cryptocurrency saw its highest trading volume since the week of the spectacular collapse of crypto exchange FTX, which caused Solana’s value to plummet along with most of the

The Bank of Tanzania CBDC
1 year ago 1 min read

Tanzania Slows Down on CBDC Adoption After Initial Research

The Bank of Tanzania has been researching the introduction of a Central Bank Digital Currency (CBDC) since 2021, and has since formed a multidisciplinary technical team to explore the risks and benefits of CBDCs. The team has studied different types of CBDCs, models for issuance and management, and whether the currency should be token-based or account-based. However, the Bank of Tanzania has identified several challenges that could impact the implementation of a CBDC. These challenges include high implementation costs, dominance of cash, inefficient payment systems, and the risk of disrupting the existing financial ecosystem. Additionally, some countries have publicly canceled

A California-based cannabis nursery implements blockchain
1 year ago 1 min read

California Weed Company Implements Blockchain Technology to Monitor its Products

Mendocino Clone Company, a California-based cannabis nursery, is turning to blockchain technology to ensure the authenticity of its medicinal plants. The nursery has partnered with the EMTRI project and tech firm Global Compliance Applications to implement this new system. The cannabis industry has been known for its lack of transparency and regulation, but Mendocino Clone Company is taking steps to change that. Furthermore, the company will be using EMTRI’s blockchain capabilities to certify all of its clones, or baby plants, with a batch certificate. Each batch certificate is a self-generated smart contract that provides each baby plant with its own

The U.S. House of Representatives crypto committee
1 year ago 1 min read

U.S. House of Representatives Establishes New Subcommittee on Crypto

The U.S. House of Representatives has created a new congressional subcommittee focused on digital assets. The Subcommittee on Digital Assets, Financial Technology and Inclusion will operate under the House Financial Services Committee and will be the first in the U.S. specifically focused on digital assets. The subcommittee will be chaired by Republican Congressman French Hill. The new subcommittee will provide rules for federal regulators on the topic of digital currencies, develop policies to promote digital financial technology and strengthen diversity and inclusion in the industry. Hill said in a statement, “At a time of major technological advancement and change in

Hong Kong
1 year ago 1 min read

Hong Kong to Release Official List of Cryptocurrencies for Public Trading

Regulators in Hong Kong are taking steps to ensure the safety of retail investors in the cryptocurrency market. The Securities and Futures Commission (SFC) is creating a list of approved crypto assets for non-professional investors to trade in. SFC’s CEO, Julia Leung Fung-yee, stated that the whitelisted crypto tokens will be highly liquid and deemed safe enough for retail traders. The list will only include major virtual assets, as the SFC does not plan to allow retail investors to trade in all of the over 2,000 products available on virtual asset platforms. In addition to the approved list, the SFC

Anthony Scaramucci
1 year ago 1 min read

Scaramucci Invests in Crypto Startup Led by Ex-FTX US CEO

SkyBridge Capital founder Anthony Scaramucci has announced that he will be investing in a new crypto company founded by the former president of FTX US, Brett Harrison. Scaramucci, who will be investing his own personal funds, stated in an email to Bloomberg that the crypto software company, which has yet to be named, will allow crypto traders to create algorithmic-based strategies to access different markets, both centralized and decentralized. Harrison has been seeking a fundraising target as high as $10 million for a $100 million valuation. In a tweet on January 14th, Scaramucci expressed his excitement to be an investor

Tiny Colony blockchain game.
1 year ago 1 min read

Tiny Colony Moving to ImmutableX from Solana

ImmutableX, a sidechain of the Ethereum network, is the new home for Tiny Colony. ImmutableX is a layer-2 scaling solution that enables developers to create games with low transaction costs and fast transaction speeds. It’s powered by a network of nodes, which validate transactions and secure the network. It also offers a built-in crypto wallet, allowing players to send and receive their in-game assets. The team at Tiny Colony says the move to ImmutableX will be a “major upgrade” to their game, offering players a better experience. They will also be able to pay for in-game assets in fiat currency.

Sandeep Nailwal
1 year ago 9 mins read

Polygon Founder-Led Web3 Accelerator Beacon Hosts Inaugural Demo Day

New York City, New York, 12th January, 2023 Early-stage web3 accelerator Beacon held its first Demo Day of the year with 13 projects pitching live to over 300 top venture capitalists.  Beacon, positioning itself as the most founder-friendly accelerator started by Sandeep Nailwal (an accomplished web3 builder in his own right), hosted its inaugural Demo Day today. Graduates of Beacon’s first cohort presented their ideas on various sub-sectors of the crypto-economy, such as gaming, infrastructure, decentralized lending, and developer tooling. This group, known as Cohort 0, was described as “the MVP of Beacon” by the program’s core contributor Sandeep Nailwal,

Blockchain.com will be laying off 28% of its staff
1 year ago 1 min read

Blockchain.com to Cut 28% of Workforce in Restructuring

Blockchain.com, a cryptocurrency brokerage platform, has announced that it will be laying off 28% of its staff, or around 110 people. This comes after the company already laid off 150 employees in July due to a $270 million loss on loans to failing hedge fund Three Arrows Capital. In a statement, a representative from Blockchain.com said, “The crypto ecosystem is facing significant headwinds as its course corrects from the challenges of the last year. To better balance product offerings with demand, we’ve made the difficult decision to reduce operating costs and headcount to rightsize the company.” This news adds to

Cimu Games
1 year ago 2 mins read

Cimu Games Integrates Ready’s Tech to Bring Its Successful Runestone Keeper Game to Web3

Gibraltar, Gibraltar, 12th January, 2023 Cimu Games has announced that it is using Ready Games’ web3 game development tools to re-release its million-selling Runestone Keeper. The web3-enabled beta version of the title, which won Best Gameplay award at the 2014 Unity Awards, will launch in late Q1 on PC, console and mobile – a first of its kind for web3 gaming. Cimu Games, whose parent company is Innoteg, is famed for its web2 mobile and console games. Its team believes web3 is the future of gaming and has elected to use Ready’s multi-platform tech stack to enter this growing market

Alameda Research
1 year ago 1 min read

Alameda liquidators suffer losses on Aave DeFi platform

Alameda Research, a decentralized finance (DeFi) lending platform, recently experienced a significant loss of funds due to liquidation. According to crypto intelligence firm Arkham, the liquidators for Alameda Research were liquidated for a total of $72,000 from an on-chain position on the Aave platform. The incident occurred while the liquidators were attempting to consolidate funds from Alameda wallets into a single multi-sig wallet. In the process of exiting a borrow position on Aave, the liquidators removed extra collateral, putting the funds at risk of liquidation. As a result, the position was liquidated twice in a span of just nine days,

Europol has successfully taken down a cross-border cryptocurrency fraud network that spanned across Serbia, Germany, Cyprus, and Bulgaria.
1 year ago 1 min read

International Crypto Scammers Busted by Authorities

In a coordinated effort, European law enforcement agencies have successfully taken down a cross-border cryptocurrency fraud network that spanned across Serbia, Germany, Cyprus, and Bulgaria. The network, which was using call centers to defraud international victims out of tens of millions of euros, was uncovered during an online scam investigation that was launched in 2021. The European Union Agency for Criminal Justice Cooperation and Europol arrested 14 people in Serbia and one in Germany in connection with the operation. A total of 150 computers, three cars, two luxury apartments, $1 million in cryptocurrencies, and 50,000 euros in cash were seized

About us

Optimisus is a Dubai-based fintech media company. We cover the latest AI, crypto, NFT, metaverse, blockchain, and Fintech news influencing the crypto industry.

Email: media@optimisus.com

Get Instant Notifications

Join over million readers and get the latest posts delivered straight to your inbox.

© copyright 2024 all rights reserved | Optimisus