SOON closes funding round for Solana-based layer-2

Coinbase CEO Brian Armstrong’s estimated wealth surged 10-fold over the past year to hit $11.5 billion, according to China’s Hurun Research Institute. 3513 Total views 17 Total shares The CEO of the United States’ largest cryptocurrency exchange, Coinbase, has topped the list of global industry billionaires by China’s Hurun Research Institute.Issued on March 2, the…

The fund will be used to help residents secure affordable housing through blockchain initiatives. 65 Total views 2 Total shares On May 17, the Captain Haiti Foundation, a 4947(a)(1) charitable trust, announced a $5 million raise sponsored by private equity firm Dargent Group. The Captain Haiti Foundation says the partnership aims to leverage blockchain technologies to…

SBI Ripple Asia — a subsidiary of Japanese financial services giant SBI Holdings — is launching a store settlement service affiliated with SBI Holdings and Ripple’s jointly developed consumer-focused XRP-powered payments app MoneyTap. The news was reported by Cointelegraph Japan on May 30.As previously reported, MoneyTap — which launched in the fall of last year…

Bitcoin (BTC) saw major volatility after the Nov. 8 Wall Street open as turmoil over crypto exchange FTX punished markets further.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBinance hints at plan to buy FTXData from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting $19,244 on Bitstamp, marking the pair’s lowest levels in two weeks and 24-hour losses of…

The coronavirus pandemic has been affecting more and more aspects of the blockchain and cryptocurrency market. As Cointelegraph previously reported, more than half of the 2020 crypto conferences were either canceled or postponed due to the COVID-19 outbreak, while mining manufacturers had to stop the equipment production in China.At the same time, other companies have…

Dutch global banking and financial services corporation ING introduced its new cryptographic blockchain development called Bulletproofs, according to an announcement on Feb. 7Bulletproofs represents an extended technology for ING’s previous blockchain privacy-focused developments such as zero-knowledge range proof (ZKRP) and zero-knowledge set membership (ZKSM).ING bank first launched ZKRP in November 2017, enabling market participants to…

The firm’s Sonic protocol, launched in March, is the first gaming rollup on Solana that allows developers to create SVM chains for their GameFi projects.

As major central bank digital currency (CBDC) projects develop apace, it is becoming clear that not all digital coins will look, or even function the same way.A recent analysis by Chinese financial media group InterChain Pulse reveals that two of the most visible such projects — those of the Bank of England (BoE) and the…

A professor at Stanford Graduate School of Business says cryptocurrencies will put an end to the windfall that banks currently enjoy from low-interest deposits.In an Oct 24 interview for the university,  Dean Witter Distinguished Professor of Finance Darrell Duffies said that one way or another, cryptocurrencies are likely to upend banks’ business model within the…