BLOCKCHAIN
Blockchains incorporate several important features such as immutability, encryption and distributed storage, which combined makes secure peer-to-peer transactions possible and in turn has created the means to end human dependence on credit and thus credit intermediaries. Due to these features, blockchain has been referred to as ‘the Trust Machine’ and is forecasted to transfer the trust from agencies and institutions which are enforced by law to machine-based networks guaranteed by technology and mathematics.
End-to-end Internet Protocol Bitmarks Secures $5.6M in Series B Round
End-to-end Internet protocol Bitmark has received $5.6 million in Series B funding, co-led by Galaxy Interactive and North Island Ventures.
Digital Asset Lender Genesis Confirms Risks Exposure of 3AC's Insolvency
According to Bloomberg, Digital asset lending firm, Genesis Capital, said it would sell its collateral to hedge against bad debt risks if Three Arrows Capital fails to meet margin calls.
Crema Finance Hacker Returns Stolen Crypto Following Negotiation
Crema Finance has received 6,064 ETH ($7 million) and 23,967 SOL ($870,000) from a hacker who had stolen 69,422.9 SOL and 6,497,738 USDC stablecoin (roughly $9 million) following a negotiation.
Italian Government to Provide €45m in Grants for Blockchain Industry
Italy’s Ministry of Economic Development is planning to provide up to $46 million in subsidies for blockchain and AI industries.
Voyager Digital Files Chapter 11 Bankruptcy in New York
Cryptocurrency broker Voyager Digital Ltd. said that it has filed for Chapter 11 bankruptcy in New York.
Blockchain Analytics to Help Curb Crypto Misuse, Says HashCash CEO
Blockchain analytics is believed to help fill the void of curbing money laundering and cybercriminal activities, according to Raj Chowdhury, the CEO of HashCash Consultants.
Bitstamp to Charge Inactive Fee to Make Up for Costs
Inactive users of the cryptocurrency exchange Bitstamp platform will have to pay a fee to make up for costs, according to a report from The Block.
Crypto Tax Automation Platform Koinx Secured a $1.5M Seed Round
On July 5, Koinx, a crypto tax platform focused on providing tax automation for crypto users, announced the completion of a $1.5 million seed round.
Bullish.com to Layoff Staff amid Market Downturn
Cryptocurrency exchange Bullish.com has joined other crypto companies in making layoffs to tackle the massive market downturn.
VerticalCrypto Art presents: PROOF OF PEOPLE - London’s first NFT Festival powered by Tezos
VerticalCrypto Art is pleased to announce ‘Proof of People’, London’s first immersive three-day festival showcasing art, fashion and music through the lens of the metaverse culture and NFT-backed technology, held at the iconic London venue Fabric from July 6-8.