Banking App Dave to Buy Back $100M Stake From FTX
Neobank Dave has agreed to pay FTX liquidators $71 million in exchange for a convertible promissory note for $100 million that FTX Ventures has provided. This note was first issued by FTX Ventures, a venture capital entity associated with the now-defunct exchange FTX. As per the revised agreement, Dave is going to secure the debt […]
OpenAI to Open its Custom ChatGPT Store Next Week
The OpenAI ChatGPT Store is about to launch as the industry leader in artificial intelligence looks to give developers more freedom to express their creativity. Next week will see the much anticipated OpenAI ChatGPT Store launch as the industry leader in artificial intelligence (AI) establishes a new benchmark. Raising the bar on engagement and potentially […]
XRPL’s Strategic Liminal Alliance Boosts DeFi Presence
XRPL collaborates with Liminal, enhancing DeFi capabilities and providing developers with affordable options for wallet infrastructure. Liminal, a web3.0 wallet service provider, has partnered strategically with The XRP Ledger (XRPL). This partnership will offer regulated custody options for projects constructed on the XRPL network, which is a significant advancement in expanding both companies’ capacities and […]
Mango Markets Hires Personnel to Handle its US Regulatory Scrutiny
Mango Markets, a decentralized exchange, is gathering additional personnel to withstand the ongoing scrutiny of regulatory authorities in the United States, setting aside a budget of $250,000. On January 6, the decentralized autonomous organization operating the exchange intends to authorize a budget of $250,000 in USD Coin, according to a proposal on Mango’s governance forum. […]
Nigeria’s Central Bank Approves cNGN Stablecoin Launch
The Central Bank of Nigeria (CBN) has granted the Africa Stablecoin Consortium (ASC) permission to test its cNGN stablecoin in the regulatory sandbox. The launch is slated for February 27, 2024. The CBN, the Nigerian Securities and Exchange Commission , and the Nigerian Financial Intelligence Unit have set regulatory standards and requirements, and the cNGN […]