The following is a guest post by Venom Foundation CTO Christopher Louis Tsu. Connecting blockchain to traditional businesses is not a simple process. So-called non-crypto industries, particularly finance, banking and insurance, are markedly disconnected because each possesses a general modus operandi that does not neatly fit into current blockchain solutions. Concerns in these fields abound…
IPwe, Casper Labs converting 25 million patents to NFTs as enterprise blockchain usage grows
During the World Economic Forum meeting in Davos, IPwe Inc. and Casper Labs announced a historic move to convert 25 million patents to dynamic NFTs. The announcement marks one of the most significant enterprise implementations of blockchain technology and the realization of a long-standing theorized use case for NFTs. IPwe is a digital intellectual property…
MicroStrategy will launch Bitcoin Lightning enterprise plugin in 2023
Michael Saylor, executive chairman of MicroStrategy, said on Dec. 28 that his company will introduce a Lightning Network-based product in 2023. In a Twitter spaces conversation, Saylor said that MicroStrategy’s experience building mass-deployable plugins motivated the company to create a similar tool for the Lightning Network — a network that can process Bitcoin transactions cheaply…
MicroStrategy just bought another 2,500 BTC
Business Intelligence firm MicroStrategy has purchased an additional 2,395 BTC between Nov. 1 and Dec. 21. Michael Saylor, the founder and CEO of MicroStrategy, announced the company’s purchase on Twitter for the second time this quarter. According to the company’s 8K filing with the SEC, the Bitcoins were purchased for approximately $42.8 million in cash…
Silvergate account was at the center of FTX’s collapse, senators say
An account with Silvergate Capital may have played a key role in FTX’s collapse this November, according to a Dec. 20 report from the Wall Street Journal. The newspaper cited three U.S. senators who said that an account at Silvergate “appears to be at the center” of FTX’s collapse. Those senators also said that Silvergate…
Elon Musk likely to resign as Twitter poll votes 57.5% in favor of him stepping down, DOGE falls 3%
Bitcoin deep dive: 15M BTC in self-custody as Binance withdrawals peak, derivatives switch to ‘risk-off’ A weekly recap of key Bitcoin metrics affecting its price performance in the market, published every weekend. James Van Straten · 2 days ago
Japan’s Nomura Holdings to launch new crypto-focused unit in Switzerland
Japan-based investment bank Nomura Holdings is launching a new crypto unit in Switzerland called Laser Digital. Nomura’s head of trading and investment Steven Ashley will step down from his current role to serve as Laser Digital’s chairman, while Nomura’s head of crypto Jaz Mohideen will serve as the unit’s CEO. Christopher Willcox, former head of…
Wells Fargo: Digital assets are an “innovation on par with the internet, cars, and electricity”
Wells Fargo, the fourth largest bank in the U.S. by market capitalization, has released a special report entitled “Understanding Cryptocurrency,” which compares digital assets to the invention of “the internet, cars, and electricity.” The Internet of Value Produced by its Global Investment Strategy Team, the report published at the start of August bullishly called digital…
MicroStrategy records $918M impairment loss in Q2, Saylor moves to new Chairman role
MicroStrategy recorded an impairment charge of $918 million on its Bitcoin (BTC) holdings in the second quarter, according to its earnings report released on August 2. The report also revealed that the company will create a new role of executive chairman, which Michael Saylor will fill. Meanwhile, Phong Le, the company’s president and chief financial officer,…
KPMG, HSBC report identifies crypto startups with unicorn potential in Asia
A joint report by two leading financial institutions, KPMG and HSBC, revealed that over a quarter of the 6472 startups operating in the Asia Pacific region have their core businesses in crypto-related activities. Among these firms, five appeared on a top 100 startups list with the potential to become unicorns — a private startup company valued…