Gitcoin co-founder Kevin Owocki launches ReFi incubator Supermodular
Gitcoin co-founder Kevin Owocki launches ReFi incubator Supermodular. Supermodular focuses on regenerative finance projects and aims to be a venture studio for regenerative Web3 projects. Owocki described Supermodular as an "incubator" designed to simultaneously help developers advance Web3 technologies while "protecting critical resources and global public goods." Owocki, who left Gitcoin entirely in 2022, has entrusted administrators with a large number of governance tokens held under his n...
Gitcoin co-founder Kevin Owocki launches ReFi incubator Supermodular
Gitcoin co-founder Kevin Owocki launches ReFi incubator Supermodular. Supermodular focuses on regenerative finance projects and aims to be a venture studio for regenerative Web3 projects. Owocki described Supermodular as an "incubator" designed to simultaneously help developers advance Web3 technologies while "protecting critical resources and global public goods." Owocki, who left Gitcoin entirely in 2022, has entrusted administrators with a large number of governance tokens held under his n...
RBI says India is testing CBDC's offline capabilities
India's recently launched internal central bank digital currency (CBDC), the digital rupee, is currently testing offline functionality, Reserve Bank of India (RBI) executive director Ajay Kumar Choudhary has revealed. India's central bank and regulator, the Reserve Bank of India (RBI), launched a pilot of the wholesale segment of the digital rupee on November 1, 2022, attracting 50,000 users and 5,000 merchants for real-world testing. As of February 25, approximately $134 million an...
RBI says India is testing CBDC's offline capabilities
India's recently launched internal central bank digital currency (CBDC), the digital rupee, is currently testing offline functionality, Reserve Bank of India (RBI) executive director Ajay Kumar Choudhary has revealed. India's central bank and regulator, the Reserve Bank of India (RBI), launched a pilot of the wholesale segment of the digital rupee on November 1, 2022, attracting 50,000 users and 5,000 merchants for real-world testing. As of February 25, approximately $134 million an...
Silvergate Bank to Return $9.85M to BlockFi
U.S. Bankruptcy Judge Michael B. Kaplan said Silvergate Bank must return $9.85 million to crypto lender BlockFi, according to a court filing Friday. BlockFi filed for bankruptcy protection in November 2022. Shortly after filing, BlockFi began negotiations with Silvergate to release the $10 million it had deposited in a Silvergate reserve account. The two sides reached an agreement this Friday, and Silvergate will return most of the funds within two working days. According to previous news, Si...
Silvergate Bank to Return $9.85M to BlockFi
U.S. Bankruptcy Judge Michael B. Kaplan said Silvergate Bank must return $9.85 million to crypto lender BlockFi, according to a court filing Friday. BlockFi filed for bankruptcy protection in November 2022. Shortly after filing, BlockFi began negotiations with Silvergate to release the $10 million it had deposited in a Silvergate reserve account. The two sides reached an agreement this Friday, and Silvergate will return most of the funds within two working days. According to previous news, Si...
U.S. Regulators: Oil and Gas Companies Turn to Crypto Mining, But Not Paying Federal Royalties
Some oil and gas drillers operating on U.S. public lands are diverting natural gas into cryptocurrency mining operations without paying federal royalties, according to a U.S. government regulator report released Wednesday. The Interior Department's Office of Inspector General recommended that the Department of Homeland Security issue guidance in response to the companies' actions. In its response to the inspector general's office, the Interior Department said it would take acti...
U.S. Regulators: Oil and Gas Companies Turn to Crypto Mining, But Not Paying Federal Royalties
Some oil and gas drillers operating on U.S. public lands are diverting natural gas into cryptocurrency mining operations without paying federal royalties, according to a U.S. government regulator report released Wednesday. The Interior Department's Office of Inspector General recommended that the Department of Homeland Security issue guidance in response to the companies' actions. In its response to the inspector general's office, the Interior Department said it would take acti...
Tether CTO: No exposure to Silvergate
Tether Chief Technology Officer (CTO) Paolo Ardoino tweeted that he had no exposure to Silvergate. According to previous news, several encryption companies including Coinbase, Paxos, Galaxy Digital and Kraken have ended their partnership with Silvergate
Tether CTO: No exposure to Silvergate
Tether Chief Technology Officer (CTO) Paolo Ardoino tweeted that he had no exposure to Silvergate. According to previous news, several encryption companies including Coinbase, Paxos, Galaxy Digital and Kraken have ended their partnership with Silvergate
