#blockchain
1029 articles found
Latest
Justin Sun, co-founder of the Huobi exchange, expressed his delight at China's decision to levy a tax on cryptocurrency transactions. He believes that this is a sure sign that China is ready to accept the existence of digital assets and ease the pressure on crypto projects.
Even the fact that fiscal authorities require crypto-markets to register users who invest in cryptocurrencies did not dim his joy.
At the same time, he claims that Huobi is registered in the Seychelles and thus is not required to provide customer information.
And Justin Sun dreams that the TRON blockchain will be adopted in China at the national level.
What else is there to say? Justin Sun is like Jean-Claude Van Damme, but for crypto. 
How blockchain can change the global auto industry
The potential for using blockchain in the automotive industry goes far beyond trading cars for crypto. Auto giants are closely following the development of blockchain technology and are ready to actively use its potential. What's more, perennial competitors have banded together to standardize industry-wide blockchain adoption. 
One of America's largest hedge funds, Elliott Management, has made a multibillion-dollar investment in software giant Salesforce.
"We look forward to working constructively with Salesforce to realize the value befitting a company of its stature," said Elliott Managing Partner Jesse Cohn, who has previously served on the boards of such companies as Citrix, eBay Inc., and Twitter.
Last year, Salesforce announced the launch of its NFT Cloud platform. In 2019, the developer marketed its own blockchain development tool. 
Genesis filed for Chapter 11 bankruptcy protection on Thursday. Now the major creditors started to become known and ready to comment.
- The Gemini Exchange is the bankrupt's largest creditor. Its losses total more than $750 million.
- Investment fund Mirana. Genesis owes the fund (which invested in platforms like Bybit and BitDAO) $151.5 million.
- Decentraland. According to its representatives, it had a credit against Genesis of $7.8 million.
- Stellar Blockchain has a claim for $13 million against the bankrupt company.
- Coincident Cap confirmed that Genesis has $110 million in debt to them.
All the creditors claim that Genesis' troubled liabilities won't affect their current operations and that any potential losses will be covered. However, they don't specify at whose expense.
Genesis owes a total of $3.4 billion to its creditors. 
Although the Waves blockchain explorer shows that transactions in USDT and USDC are in order, Twitter users are complaining en masse about the inability to withdraw stablecoins.
All funds from the exchange bridge wallet were transferred to an unknown destination. The balance of the wallet is $144, although there should be over $40 million in USDC and USDT.
The exchange representatives have not provided any official comments yet 
The Stellar Development Foundation has announced that it joins an advisory committee of the U.S. Commodity Futures Trading Commission.
Blockchain company Stellar will join representatives of traditional financial markets such as J.P. Morgan, Goldman Sachs, and BlackRock and get a say in institutional-level issues.
SDF representatives noted that they will primarily focus on the use of Layer 1 protocols in government agencies and bank transfers in stablecoins. 
