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“# Crypto finserve Bakkt to soon trade publicly on New York Stock Exchange ” The public listing for Bakkt ticker comes as a result of a merger with VPC Impact Acquisition Holdings, a Chicago-based special purpose acquisition company. According to an official statement, a shareholders meeting regarding the merger saw approximately 85.1% approval for the…
“# Jack Dorsey’s Square plans to build an open-source Bitcoin mining system ” American finserv Square will soon begin investigating technical requirements for building an open-source Bitcoin (BTC) mining system, according to CEO Jack Dorsey. Dorsey shared a series of tweets explaining his intent to follow a collaborative approach in further decentralizing Bitcoin mining. He…
“# Salvadoreans are now selling ‘way more’ US Dollars to buy Bitcoin ” El Salvador’s mainstream Bitcoin (BTC) adoption gains momentum during the ongoing bull run as citizens increasingly exchange their United States dollar savings for Bitcoin. President Nayib Bukele shared this new development on Twitter based on the data acquired from El Salvador’s in-house…
“# The future of the vast oil and gas industry depends on blockchain ” The age of digital transformation has arrived, leading traditional industries to adopt new technologies to accommodate a fully digital future. As such, it shouldn’t come as a surprise that the trillion dollar oil and gas industry has quietly started to leverage…
“# Japan will prioritize simplicity in CBDC design, says central bank executive ” While Japan’s CBDC plans are still in the research stage, Shinichi Uchida, an executive of the Bank of Japan (BOJ) has said simplicity will drive the central bank’s design thesis for the digital yen. According to Reuters, Uchida made this known during…
“# Second largest US mortgage lender UWM dumps Bitcoin payment plans ” United Wholesale Mortgage (UWM), one of the largest wholesale and purchase lenders in the United States, is ditching Bitcoin (BTC) payment plans after running a test. UWM officially announced Thursday that the company has successfully conducted its first-ever cryptocurrency mortgage pilot, accepting five…
“# Crypto adoption in sights: Regulators and industry join to fight ransomware ” With an increasing number of people forced to work from their homes, data suggests that ransomware attacks are at their all-time highest with the frequency of these incidents increasing by 45% over the course of April 2021 alone. Not only that, some…
“# Aurora raises $12M in debut funding to scale Ethereum ecosystem ” Aurora, an Ethereum Virtual Machine (EVM) designed to scale decentralized applications (DApp) built on the Near protocol, has announced a $12-million debut funding round. The round included over 100 venture capital investors, including Pantera Capital and Electric Capital. According to an official statement,…
“# Digital Pound Foundation launches to promote CBDC development in the UK ” The Digital Pound Foundation (DPF), a group of technology, innovation, and regulatory experts, has announced its launch as an independent non-profit organization in the U.K. According to a release issued on Thursday, the DPF will work to promote the implementation of a…
“# Polkadot to debut parachain auctions after governance vote ” Polkadot has laid out a schedule to debut parachain auctions on Nov. 11 following unanimous approval from the blockchain’s on-chain governance council members. The news marks a landmark achievement as it fulfils the final core technical element of the whitepaper published five years ago. Parachains are…