Eclipse Labs, a multilayered blockchain builder, has raised $50 million in funding to fuel the launch of its solution for scaling the Ethereum network. The announcement was made on March 11 via the X (formerly Twitter) handle, just weeks before the mainnet launch. Eclipse Labs’ Developer-First Focus Approach Eclipse Labs offers a flexible Layer-2 solution...
London’s most affluent residents are now paying their rental in cryptocurrencies, in most sought after locations in the city.crypto pay Knightsbridge Prime Property (KPP), a real estate company which specialises in the rental and sale of high-end luxury property in Central London, has completed a £45,000 a week rental transaction in Bitcoin. Announced Friday, the...
MicroStrategy’s billionaire executive chairman, founder and former CEO Michael Saylor has just sold $800 million in convertible senior notes to add to his company’s ~ $13 billion Bitcoin war chest. Saylor made the announcement in a tweet on his X profile. MicroStrategy Completes $800 Million Offering of Convertible Notes at 0.625% Coupon and 42.5% Conversion...
Crypto friendly American asset manager Ark Invest sees Bitcoin’s price hitting $1 million before 2030, according to CEO Cathie Wood in a recent interview with the New Zealand Herald. Hard-talking Bitcoin maxi Wood already eyed a projection of $1.5 million earlier this year in an interview with CNBC. At the time, Wood said a “bear...
President Nayib Bukele responded humorously to a social media post on March 7, highlighting the legal troubles of one of his country’s prominent critics in Capitol Hill. Bukele quoted a post on X (formerly Twitter) with a laughing emoji. The post detailed Senator Bob Menendez’s indictment, adding a touch of irony to the situation. Senator...
Nigeria’s Central Bank has teamed up with the blockchain-powered financial platform Gluwa Nigeria to accelerate the use of eNaira, the nation’s central bank digital currency (CBDC). The collaboration, announced by Gluwa on March 7, highlights the ongoing efforts by Nigeria’s Central Bank to overcome challenges in both financial inclusion and CBDC adoption. Nigerian Central Bank...
The Athens Stock Exchange (ATHEX) plans to deploy a new tool, the Electronic Book Building (EBB), on the Sui blockchain. ATHEX Plans To Release EBB On Sui In a blog post on March 6, Sui said the partnership marks the first time a stock exchange is developing such a solution on a public blockchain. The EBB will...
Crypto exchange behemoth Binance has revealed a ‘crypto’ luxury perfume in a move to lure more women into the digital asset space. The fragrance was unveiled in conjunction with the International Women’s Day. Rachel Conlan, Chief Marketing Officer at Binance, calls the campaign as “bold, distinctive, and deliberately disruptive.” She added that “it’s a message...
The U.S. Federal Reserve Chair Jerome Powell has made it clear to the Senate Banking Committee that the Fed has no imminent plans to launch a central bank digital currency (CBDC). During the hearing, Powell elaborated on the Fed’s current stance on CBDCs, emphasizing that while the concept is under study, the implementation of a...
The central bank of the Philippines (BSP) aims to complete a CBDC pilot by the end of the year, according to a local press report. Central bank Deputy Governor for Payments and Currency Management Mamerto Tangonan told a press briefing Wednesday: “For CBDC… our timeline for that is to complete the pilot this year, towards...