Samsung Secures Grant to Expand Texas Chip Facility
The United States government will award Samsung $6.4 billion in grants to expand its semiconductor chip manufacturing operations in Texas. In an overarching endeavor to enhance semiconductor manufacturing in the United States, the South Korean manufacturing conglomerate obtained the grants. The 2022 Chips and Science Act, which seeks to increase semiconductor production for the automotive, […]
Germany’s Largest Federal Bank To Offer Crypto Custody Services
The Landesbank Baden-Württemberg, the largest federal bank in Germany, will reportedly start providing cryptocurrency custody solutions in the second half of 2024. In collaboration with Bitpanda, an Austrian cryptocurrency exchange, the bank will deliver crypto custody services to institutional customers. Managing director of corporate banking at Landesbank Baden-Württemberg, Jürgen Harengel, told Bloomberg that the German […]
PAXG Surges Amid Middle East tensions
Over the weekend, Paxos’ gold-backed digital asset surged to record highs amidst escalating tensions in the Middle East. Amid escalating tensions in the Middle East, the gold-backed digital asset from Paxos reached an all-time high over the weekend, prompting some to query the value of Bitcoin’s value as a hedge against geopolitics. The PAXG gold-backed […]
Hong Kong SFC Approves Spot Bitcoin and Ethereum ETF
Following approval from the SFC, Hong Kong now has the first spot Bitcoin and Ethereum ETF offerings from four significant financial firms. The Hong Kong Securities and Futures Commission (SFC) has authorized the trading of spot Bitcoin ETFs and spot Ethereum ETFs in the region by the anticipated schedule. This also establishes Hong Kong as […]
Solana Updates Mainnet Beta v1.17.31 to Tackle Congestion
Solana developers have released a mainnet beta update, v1.17.31, to deal with the ongoing network congestion on the Solana blockchain. Solana developers have released Mainnet beta update v1.17.31 to alleviate the ongoing network congestion on the Solana blockchain. The update was published on April 12; now, mainnet beta validators recommend it for general use after three […]