Dominica works with Huobi for digital identity program
The Commonwealth of Dominica has launched a digital identity program and national token in partnership with Huobi.
Korean Crypto Exchange Upbit’s Parent Q3 Profit Slides 73%: Report
Dunamu’s net profit dropped to 160 billion won ($120 million), hit by lower trading and crypto market declines, CoinDesk Korea reported Tuesday.
Bitcoin shrugs off BlockFi, China protests as BTC price holds $16K
BTC price action heads higher with Bitcoin joining Asia stocks in a rebound despite FTX pressures continuing.
Blockchain-based fintech company prepares to enter $500B freight settlement market
Although rare, real-world blockchain utility does exist, now evidenced by one company’s efforts to reduce transactional fees in supply chains.
BlockFi bankruptcy filing triggers a wide range of community reaction
Some pointed their fingers at podcaster Anthony Pompliano for promoting the crypto lending platform quite recently.
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FTX reportedly used Alameda’s bank accounts to process customer funds
Former FTX CEO Sam Bankman-Fried, in a conversation with Vox, admitted to using Alameda’s banking facilities for FTX user deposits.
India to pilot retail digital currency on December 1
India will undertake the first pilot for retail digital currency on December 1, the central bank said Tuesday, extending the test to evaluate the creation and distribution of the digital currency in the South Asian market with a closed group of customers and merchants a month after it began evaluating the CBDC for the wholesale … Read more
First US State where you can no longer mine crypto: Law Decoded, Nov. 21-28
New York governor Kathy Hochul signed the moratorium, prohibiting any new mining operations that aren’t based on 100% renewable energy.
Tuesday’s top tech news: Elon squares off against Apple
Illustration by Alex Castro / The Verge Plus another crypto bankruptcy and Mario movie trailer. Continue reading…
National Bank of Ukraine releases draft concept for digital hryvnia
One of the design options for the Ukrainian CBDC describes the e-hryvnia available for usage in crypto exchange operations.
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It’s a little late to be talking about red flags in venture investing?
Earlier today, renowned VC Bill Gurley put together a list of the many “red flags” that VCs should have paid closer attention to when funding FTX, suggesting in a tweet that this summary of warning signs might help keep VCs “out of the investor hurt locker” going forward. Gurley includes such no-nos as “unique financial … Read more
Apple announces winners of the App Store Awards for 2022
Today, Apple announced its list of App Store award winners for this year along with the top chart for most downloaded apps and games across free and paid categories. These awards include apps for all of the company’s platforms including the iPhone, iPad, Apple Watch, Mac, and Apple TV. For 2022, the social network app … Read more
CRED acquires CreditVidya
CRED is acquiring CreditVidya, a SaaS startup that helps firms underwrite first-time borrowers, in the latest of a series of investments from the Bengaluru-headquartered fintech as it broadens its infrastructure and offerings. The firms did not disclose the terms of the deal but said it involves both cash and stock. The 10-year-old CreditVidya — headquartered … Read more
Founder factories: Alumni from European and Israeli unicorns have birthed 1,018 startups since 2008
A new report has shone a light on the impact that European and Israeli unicorns have had on the broader technology ecosystem since the global economic crisis 14 years ago. The report, titled Europe and Israel’s Startup Founder Factories, was produced by VC firm Accel with heavy support from startup and VC data platform Dealroom. … Read more
Locus raises another $117M for its warehouse robots
The last few years have been a major accelerator for the robotics industry at large, but warehouse robotics may be the biggest winner of all. Stay at home orders fueled adoption in the early days of the pandemic, as some retailers stayed open after being labeled “essential businesses.” Even after things began reopening, those roles … Read more
Orda raises millions to digitize African restaurants with its cloud-based operating system
Most large restaurant chains across Africa have grown accustomed to using legacy systems and point-of-sale providers to manage operations. However, for smaller restaurants — which represent the biggest segment of this $50 billion industry — these systems can be rather expensive and do not adequately cater to their needs; thus, they stick with running operations … Read more
Instafest app lets you create your own festival lineup from Spotify
If your favorite music festival’s lineup didn’t live up to your expectations this year, don’t worry; a new app called Instafest will create a music festival poster for you based on your Spotify listening habits. The free web app, created by developer Anshay Saboo, is pretty straightforward to use: sign in with your Spotify account, … Read more