Blockchain software company ConsenSys AG (CAG) is set to be audited after 35 of its former employees made a request yesterday, according to a new report. The employees who account for 50% of its shareholders claim serious irregularities within the company and want a special audit to reveal these irregularities. The audit is in line…
Accounting and advisory giant KPMG in Canada has completed an allocation of crypto assets to its corporate treasury, the firm’s first direct investment in crypto assets. The investment “reflects the firm’s commitment to emerging technologies and asset classes and the investment illustrates the firm’s outlook on emerging technologies underpinned by blockchain.” According to a KPMG…
Crypto exchange FTX recently announced the launch of a $2 billion venture capital fund–FTX Ventures. According to the official announcement made by the crypto exchange, FTX hired a former partner at Lightspeed and Discovery, Inc. executive Amy Wu to lead the new fund focused on investing in top projects building in Web3. A broad investment…
The world’s largest cryptocurrency exchange has had a turbulent year when it comes to regulation. With market authorities around the globe clamping down on Binance for its alleged failure to comply with local AML laws, the exchange has been on the lookout for new headquarters. Its CEO Changpeng Zhao, known as CZ in the crypto…
Polkadot, the “blockchain of blockchains” infrastructure developed by the Parity project, has entered a partnership with T-Systems MMS (MultiMedia Solutions), a subsidiary of the German telecommunications giant Deutsche Telekom. As per the announcement, T-Systems MMS will “promote secure communication between blockchains.” T-Systems MMS will use its infrastructure to participate in the Polkadot public blockchain network…
Parity Technologies and Energy Web, a non-profit building operating systems for decarbonized energy grids, announced their joint plans to ”enable energy sector enterprises to run sovereign, customizable blockchains of their own or in partnership with other energy market participants”. According to the announcement, blockchains under the new Consortia Relay Chain will ”allow Energy Web market…
Crypto information outlet Crypto Head created the Cryptocurrency Company Index–revealing the most lucrative businesses in the booming industry. While keeping tabs on the major players in the crypto space, the study, which included 50 of the most renowned and promising companies, highlighted the industry’s incredibly male-oriented makeup. Cryptocurrency Company Index Binance, Coinbase, Robinhood, FTX, and…
Just a week after it acquired 7,002 BTC, MicroStrategy announced that it has grown its Bitcoin holdings once again. According to the latest Form 8-K document it filed with the SEC, the company purchased approximately 1,434 BTC between November 29th and December 8th. MicroStrategy makes another move in its bid to buy all the Bitcoin…
Jack Dorsey, the founder of Twitter, announced that he will be stepping down as the CEO of the company, effective immediately. According to a statement published on Monday, Dorsey will be ceding his position to the company’s chief technology officer Parag Agrawal. Twitter to enter 2022 without Dorsey Dorsey said that his trust in Agrawal…
Global fintech giant Ripple announced that it has launched a new service called the Liquidity Hub. According to a blog post published on Tuesday, Liquidity Hub is a groundbreaking new way for enterprises to easily and efficiently source digital assets from the broader crypto market. Bringing cryptocurrency trading to enterprises Ripple’s latest service was designed…