Circle Internet Financial, global payments firm behind the USDC stablecoin, has announced a partnership with ride-hailing giant Grab to pilot a Web3 blockchain-based wallet in Singapore. Grab’s Singapore-based users can create a blockchain-enabled wallet named the “Grab Web3 Wallet” to earn rewards and collect non-fungible token (NFT) vouchers, ushering them into…

The Japanese electronics and entertainment giant Sony will develop a blockchain network, making it the latest company from the nation to move into the Web3 space.The company’s IT subsidiary Sony Network Communications will work on the project, alongside a Singapore-based firm named Startale Labs.Per Nikkei and an official Startale Labs…

In a recent filing, bankrupt crypto exchange FTX modified its proposed guidelines for liquidating its substantial crypto holdings, addressing concerns raised by the U.S. trustee.In response to objections raised by the U.S. Trustee on their previous filings, FTX made significant revisions to their proposed creditor claims process.The initial plan, involving…

Disgraced former FTX CEO Sam Bankman-Fried has submitted a list of proposed jury questions to a Manhattan federal court as he prepares for his upcoming fraud trial.According to a Bloomberg report from Tuesday, some of the questions aim to gauge potential jurors’ attitudes towards crypto, political donations, and “effective altruism,”…

SDNY Judge Lewis Kaplan has rejected a plea from Sam Bankman-Fried’s legal team to release the FTX founder before his upcoming trial to better prepare for the legal proceedings.The decision was grounded in several key arguments presented by Judge Kaplan in a three-page memo on Tuesday pertaining to the multi-faceted…

Institutional adoption of digital assets in Asia is gaining momentum as regulatory clarity improves in the region. During Korea Blockchain Week, industry insiders revealed that South Korea, Hong Kong, Japan, and Singapore are actively seeking opportunities in the crypto space, according to a report form TechCrunch. The positive shift comes after a series of setbacks in the past…

A collaboration between the Bank for International Settlements (BIS) and the central banks of Hong Kong and Israel has demonstrated that central bank digital currencies (CBDCs) can settle on centralized ledgers without compromising privacy.Dubbed Project Sela, the joint experiment has proven that a retail CBDC that combines accessibility, competition and…

The head of Binance.US, the US offshoot of the largest crypto exchange Binance, has left the digital assets giant as the company is reportedly cutting its workforce by one-third.The crypto exchange is planning to eliminate 100 positions, a company spokesperson said in a statement.The decision comes as the exchange is…

The launch of Russia’s CBDC, the digital ruble, will help spur de-dollarization, a former government minister has claimed.Per the media outlet KV News, the comments were made by the MP Sergei Kalashnikov, formerly the Minister of Labor and Social Development and the first deputy chairman of the Sate Duma’s Committee…

Joining the broader cryptocurrency market uptrend today, Render Token (RNDR) has exhibited bullish price action for most of the day. The RNDR price touched its 50-day moving average for the first time in almost two months earlier today.However, selling pressure has once again pushed the cryptocurrency back to its familiar…