Blockchain Capital, a venture capital fund for cryptocurrency builders, has announced the closing of two funds that together total $ 580 million. The fundraiser, the largest one of the company in its ten years of existence, reveals the interest of investors in the blockchain sector as a source of business opportunities. Blockchain Capital Raises …
Nigerian Crypto Trading Platform Unilaterally Converts User Funds to New Stablecoin — Move Sparks Exit Scam Fears
A Nigerian crypto trading platform, Patricia, announced on Aug. 18 that it had converted users’ outstanding funds to its U.S.-backed stablecoin known as “Patricia Token.” Some social media users have slammed the crypto trading platform’s unilateral decision to convert customer funds. Some critics have characterized the conversion of user funds as the Patrica team’s attempt […]
WP Community Collective Funds First Fellowship for Accessibility Contributor Alex Stine
The WP Community Collective (WPCC), a non-profit organization created to support individual WordPress contributors and community-led initiatives, has funded its first fellowship. Alex Stine, a fully blind individual contributor who has been working with the WordPress Accessibility team since 2016, is the first recipient of the funds designated …
Federal Reserve Raises Federal Funds Rate by 25bps Amidst Moderate Economic Growth
In the latest Federal Open Market Committee (FOMC) report, it was stated that the U.S. economy has been experiencing moderate growth and members of the committee have decided to raise the federal funds rate by 25 basis points (bps) in order to keep a handle on inflation. Fed Raises Benchmark Bank Rate by 25bps …
Binance US Reacts to Bitcoin Cash FUD, Assures Users Their Funds Are Safe
Binance’s U.S. platform has rejected rumors regarding its bitcoin cash (BCH) reserves, reassuring customers that their funds are safe. On Sunday, the exchange restored BCH withdrawals after a brief suspension attributed to a technical issue with the automated system managing deposit flows. Binance US Restores BCH Withdrawals Amid More FUD The American subsidiary of the […]