Calimero Network raises $8.5m for NEAR sharding
Calimero Network has raised $8.5 million in a seed round co-led by Khosla Ventures, Lyrik Ventures, and NEAR Foundation. In a seed round that was jointly led by Khosla Ventures, Lyrik Ventures, and NEAR Foundation, Calimero Network secured $8.5 million. The money will be used to create NEAR protocol private sharding solutions. Calimero Network, a […]
Europol detains five Bitzlato senior executives
Europol has arrested 5 of Bitzlato’s senior executives, including the CEO, financial director, and marketing director in Spain. The sanctioned Bitzlato exchange’s top five executives were detained, according to the European Union police agency (Europol). The CEO, financial director, and marketing director in Spain were among the individuals detained, according to the EU agency on […]
Nuclear-powered mining company to begin operations in the US
Cumulus Data, a division of independent power producer Talen Energy and maker of zero-carbon data centers will apparently be the first nuclear-run Bitcoin mining company to begin operations in the United States. The powered shell for Cumulus Data’s first data center powered by a 2.5-gigawatt nuclear power plant has reportedly been completed. Cumulus Data is […]
South Africa’s ARB adds new clause for crypto industry
The Advertising Regulatory Board (ARB) of South Africa in its code of advertising practice has added a new clause for the cryptocurrency industry to shield consumers from unethical and misleading advertising. A new provision added to Section III of the South African advertising code mandates that businesses and people adhere to particular advertising requirements relating […]
Japan to allow stablecoins for trade by June 2023
In the sequel of its plan to lift the ban on foreign stablecoins like USDT, the Financial Service Authority in Japan is expected to approve new legislation by June 2023, which will allow the use of certain stablecoins for trading. According to a local financial body, Japan’s new legislation permitting investors to trade using stablecoins […]