The biggest news in the cryptoverse for Aug. 30 includes the FBI’s warning against using DeFi protocols, liquidation of $20 million in Bitcoin longs, and Tether’s fightback against WSJ insolvency claims. CryptoSlate Top Stories FBI warns against DeFi after data reveals sector accounts for 97% of stolen $1.3B during Q1 The U.S. Federal Bureau of…
EMURGO Ventures announced an investment deal in AID:Tech to bring Web3 onchain reputation solutions to Cardano for “positive social impact.” AID:Tech is a decentralized digital ID firm that builds Web3 reputation solutions for real-world utility. The firm operates a Proof-of-Reputation (PoR) protocol, which rewards people for their time and contribution. “AID:Tech enables people to own,…
Crypto technology giant Ripple partnered with global payments firm Tranglo to expand Ripple’s On-Demand-Liquidity (ODL) solution to the United Arab Emirates (UAE), days after shaking hands with Latin American Bank Travelex to do the same for Brazil. Tranglo’s official Twitter account announced the new initiative by posting a Tweet on Aug.24, 2022. The UAE is…
Media and entertainment focussed Theta Labs has selected Fuse Media as its launch partner for Theta Network’s Mainnet 4.0, Metachain. Theta, which is compatible with Ethereum, allows existing video and media platforms to increase their revenue and decrease the cost of content delivery while rewarding end-users for contributing bandwidth or sharing storage. As part of…
Crypto technology firm Ripple and Latin American Bank Travelex inked a new partnership on August 18 to spread instant cross-border crypto payments in Brazil using Ripple’s On-Demand Liquidity (ODL) solution. Ripple’s ODL allows for instant cross-border transfers for a meager settlement cost. The ODL also doesn’t require pre-funded capital in the destination market. The deal…
Tether said Aug. 18 that it is now working with BDO Italia, a top five global accounting firm, in an effort to increase the transparency of the USDT stablecoin. The collaboration will see Tether release its proof-of-reserve report on a monthly basis. BDO Italia took over from MHA Cayman as Tether’s accounting firm in July…
The mobile collectible card game Cross the Ages (CTA) has partnered with blockchain gaming giant Immutable X to utilize its Layer-2 scalability solution to launch the initial trading card game. The game has been in development for nearly two years. It is being built by a team of over 70 international artists, who include Joshua…
The Solana network has been plagued by outages and slowdowns this year, especially during periods of congestion due to high demand but the Solana Foundation is now looking to add stability and throughput to the network with a new open source validator client to be developed by Jump Crypto. Blockchain infrastructure developer Jump Crypto is…
As part of its years-long push towards using blockchain to empower its communities, Reddit has partnered with crypto exchange FTX, according to an Aug. 9 press release. The partnership will enable Reddit users to use FTX Pay to pay for gas fees of Community Points transactions. In 2020, Reddit launched blockchain-based Community Points tokens to…
The funds promised to the U.S. National Women’s Soccer League (NWSL) players by Voyager Digital in a sponsorship deal may not materialize as the lender filed for bankruptcy, Sportico reported Aug. 1. The league has informed the players that there’s little hope of receiving the funds from Voyager, according to the report. The NWSL had announced…