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Unmarshal, a new project building a blockchain data indexing solution, has announced on Friday a $2.6 million seed funding round from a number of crypto industry investors.Venture funds that participated in Unmarshal’s round include Woodstock, Black Edge Capital, Genesis Block Ventures or GBV, NGC Ventures, AU21, Spark Ventures, BitMax, and
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According to a report by Reuters, the Pakistani government will launch a pilot program to build Bitcoin and other cryptocurrencies mining farms. Power by two hydroelectric sources and based on the province of Khyber Pakhtunkhwa, the national program seeks to obtain revenues from the current rally in the crypto market. The
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Blockchain incubator and investment firm Blockchains LLC is stepping up its plans to build a smart city in the Nevada desert east of Reno.In an interview with the Associated Press released Saturday, Blockchains CEO Jeffrey Berns said he had asked the state of Nevada to let him form a local
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When Satoshi Nakamoto released the whitepaper for Bitcoin, his vision was simple: Creating a form of electronic cash that enables payments to be sent without a bank’s involvement.Few could have anticipated how popular the cryptocurrency would end up being — let alone its impressive market cap of $635 billion. But Bitcoin’s
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Ukraine’s government has chosen the Stellar blockchain network as a platform to build a central bank digital currency (CBDC).Announced Monday, the Ministry of Digital Transformation of Ukraine and the Stellar Development Foundation (SDF) signed a Memorandum of Understanding to build out a “virtual assets ecosystem and national digital currency of
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You could argue that the crypto industry should be crowdsourcing Blockstack’s legal expenses. Blockstack’s trailblazing work with the Securities and Exchange Commission on the initial coin offering (ICO) for its native Stacks (STX) tokens made headlines in mid-2019. On Monday, Cryptox reported on Blockstack’s legal analysis that said that upon the
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A working group created as a partnership between crypto prime broker Bequant and Global Digital Finance wants to create some best practices for decentralized finance (DeFi) in an effort to improve adoption while warding off burdensome regulations.The companies announced last month they would form an industry group with law firm
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Citigroup Inc (NYSE: C) CEO Michael Corbat recently revealed that the bank has been partnering with central banks globally to build Central Bank Digital Currencies.While CBDCs have gained wild popularity in the past two years, Citigroup CEO predicted their rise during Bitcoin’s 2017 epic surge. At the time, he observed
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Citigroup Chief Executive Michael Corbat said his bank is helping governments “around the world” in creating sovereign digital currencies, otherwise known as central bank digital currencies, or CBDC.Speaking to David Rubenstein at a Friday Bloomberg event, Corbat made clear CBDCs are an “inevitable” development in the future of money. Citigroup,
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