Siemens Issues First Digital Bond On Blockchain
German company, Siemens has issued its first digital bond on the Polygon blockchain, valued at €60 million ($64 million). The bond was issued in compliance with the Electronic Securities Act of Germany, which became effective in June 2021 and permits the selling of debt based on blockchain technology. Bonds built on blockchain technology are anticipated […]
HIVE blockchain announces late filing of interim financial statement
HIVE Blockchain intends to postpone publishing its financial statement due to unforeseen tax notices issued to one of its European subsidiaries. On February 14, 2023, HIVE Blockchain was required to file its 2022 interim financial results. But on February 15, it disclosed that one of its subsidiaries had received a tax notice that needed to […]
Celsius to reopen partial withdrawals for users who qualify
Celsius stated that it will inform qualified consumers of how to begin withdrawing assets from certain custody accounts. According to the release, Celsius placed the list of qualified consumers in its distribution plan and will send emails and in-app notifications for the next phases. To present, Celsius has not specified a time when withdrawals will […]
Polygon announces date for zkEVM beta network launch
The primary network of Polygon zero-knowledge Ethereum Virtual Machine (zkEVM) beta is scheduled to launch on March 27. The core network of Polygon zero-knowledge Ethereum Virtual Machine (zkEVM), a scaling solution for Ethereum, will go live on March 27.The zkEVM is a zero-knowledge rollup created to enhance encryption and blockchain. The technology is a promising […]
Paxos is under investigation by US law firm Pomerantz
The investigation concerns whether Paxos and certain of its officers and/or directors have engaged in unlawful business practices. In response to Paxos’ dispute with the Securities and Exchange Commission, Pomerantz has begun an investigation into Paxos on behalf of consumers to uncover any misconduct by the Binance USD (BUSD) stablecoin issuer. On behalf of its […]