By Nick Carey LONDON (Reuters) - Europe\'s automakers and their already-stretched suppliers face a tough year as they race to cut costs for electric models to counter leaner Chinese rivals which are bringing cheaper vehicles to challenge them on their home turf. A big question is how much more Europe\'s automakers can squeeze out of...
Household social media platform Reddit holds Bitcoin (BTC) and Ether (ETH), according to a public IPO filing. The disclosure comes after Reddit filed to go public with the Securities and Exchange Commission (SEC) under the ticker “RDDT”. RDDT is expected to start trading on the New York Stock Exchange (NYSE) in March. “We are going...
Senator Elizabeth Warren (D-MA) referred to Republican opponent John Deaton’s campaign as a “threat” as she called on supporters to help fund her campaign against him, newly surfaced emails from the politician over the past week reveal. Warren Launches Email Campaign in Fight for Senate Seat Deaton, a noteworthy attorney from Rhode Island, moved specifically...
Security tokens are set for a boost in Japan, where business giants including Mitsubishi UFJ, Mizuho Bank, and Rakuten will launch an offering that pays interest in “electronic money.” In a press release, the firms explained that the new ST offering will take place on the blockchain-powered Progmat platform, with investors paid in Rakuten Cash tokens....
Jeff “Jihoz” Zirlin, co-founder of Axie Infinity, experienced a security breach in two of his personal Ethereum addresses on Ronin, resulted in an $8 million loss. The web3 security firm Ancilia, Inc. first alerted Ronin Network about the unusual withdrawal of over 2,790 Ethereum. The crypto was withdrawn to three addresses and immediately deposited to...
Venture capitalists are warming up to funding blockchain and crypto projects, ready to fuel the next wave of innovations. After two years of hardship, crypto entrepreneurs are now seeing a potential shift in fortunes, with Bitcoin’s surge of over 30% in the past month reigniting interest in funding opportunities within the industry. While still low...
A new study put together by Swiss researchers has declared blockchain the best performer in cybersecurity startups, beating out heavyweight fields like Artificial Intelligence and cloud services for the top spot. The study, titled “Measuring the performance of investments in information security startups: An empirical analysis by cybersecurity sectors using Crunchbase data,” was funded by...
Nigeria’s crypto community has slammed the recent anti-industry stance of a government that previously lifted the ban on crypto trading. The majority of the country’s digital asset users and policy watchers have deemed the government has “misplaced priorities” adding that centralized cryptocurrency exchanges are not the cause of the falling currency. You lot are blaming...
Harsh Rajat, the co-founder of Web3 communication network Push Protocol, spoke with the Cryptonews Podcast host Matt Zahab about the potential for Web3 to hit the one-billion user milestone and how Web3-native communication helps the industry achieve that goal. Rajat further talked about the protocol’s industry-altering partnerships with Unstoppable Domains and MetaMask. In this interview,...
On February 23, Injective Protocol announced a strategic partnership with DojoSwap to launch the CW-404 standard, a groundbreaking token standard inspired by ERC-404. This collaboration aims to foster innovation and interoperability within the decentralized finance (DeFi) ecosystem. ‘Semi-fungible’ Tokens Find A Place to Flourish Injective announced this update in a post on X (formerly Twitter),...