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WonderFi Completes $30m Acquisition of Canadian Crypto Platform Coinberry

Crypto marketplace WonderFi has completed the $30 million acquisition of Canadian crypto trading platform Coinberry. The acquisition was closed after being admitted to trading on the Toronto Stock Exchange last week. Following the admission, the company’s shares rose over 9% on the opening day. According to WonderFi, the deal was approved by Competition Bureau Canada, […]

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Italian government will provide $46 million in subsidies for blockchain projects

The Ministry of Economic Development of Italy has announced that certain blockchain projects will qualify to apply for up to $46 million in government subsidies starting from September. In a Tuesday announcement, the ministry said companies and public or private research firms will be able to apply for funding from the government for the development

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Vauld Suspends Withdrawals, Exploring Restructuring amid Market Downturn

Vauld, a crypto lending and exchange firm headquartered in Singapore, announced on Monday that it has suspended withdrawals, trading, and deposits on its platform, citing the current “financial challenges”. Vauld admitted that it is witnessing financial woes amid the ongoing market downturn, which it said prompted customers to withdraw about $198 million since June 12.

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Lamborghini-backed GT racing team to authenticate car parts using NFTs

Vincenzo Sospiri Racing (VSR), a GT racing team backed by Lamborghini’s motorsport department, has announced its partnership with nonfungible token (NFT) platform Go2NFT to launch a program that certifies racing car parts. In an announcement sent to Cointelegraph, former racing champion Vincenzo Sospiri from the VSR mentioned that their team will build NFT certification for

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Bitcasino Launches World Cup Campaign with Raffle Prizes, including VIP Match Tickets

Tallinn, Estonia, 22nd June, 2022, Chainwire Bitcasino, one of the most popular crypto casinos, is celebrating this year’s FIFA World Cup in Qatar with a three-round raffle campaign for its players, occurring between June and September. Three lucky players will win World Cup VIP packages consisting of match tickets, yacht cruises, and 5-star accommodation and

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USDC Enjoys Robust Reserve & Redeemed on 1:1 basis with USD, Says Circle CEO

Jeremy Allaire, the founder and Chief Executive Officer of USDC stablecoin issuer Circle took to Twitter recently to share updates about the firm and how it is in a better position financially despite the ongoing crypto market meltdown. Allaire’s tweets were borne out of the need to clarify assumptions that the stablecoin is experiencing an

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Here’s why Terra Luna Classic (LUNC) and USTC are suddenly rising

Terra Luna Classic (LUNC) has gained 44% today and over 110% over the past seven days while TerraClassicUSD (USTC) has gained over 140% today and over 780% in the past seven days. Both TerraClassic (LUNC) and TerraClassicUSD (USTC) had almost been forgotten by the greater crypto community over the past two months following the unfortunate

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Crypto market volatility shows need for ‘enhanced regulatory and law enforcement frameworks’ — BoE

The Bank of England has called for “enhanced” regulations of crypto to address potential risk to the country’s financial stability amid the market capitalization dropping more than $2 billion. In the BoE’s Financial Policy Committee “Financial Stability Report — July 2022,” the central bank said factors including the growth of the crypto market and climate

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