Cloud data company Databricks recently announced the completion of a Series I fundraising round where it raked in $500M from primary investor accounts led by T.Rowe and new investors Capital One Ventures, Ghisallo Capital Management, Ontario Teachers’ Pension Plan and Nvidia. The latest investment round was achieved at a valuation […]

Introduction: Argentina’s Economic Crisis According to an article by Reuters published on 14 September 2023, Argentina is currently grappling with an unprecedented economic crisis. The annual inflation rate reached 124.4% in August 2023, the highest since 1991 (and the fourth-highest inflation rate in the world). This hyperinflation has led to […]

As Ripple explained in a blog post published on 13 April 2023, Liquidity Hub was created to address the inefficiencies in bridging the crypto and fiat world. Apparently, it can function as a standalone solution or as an extension of Ripple’s cross-border payments solution, leveraging its global network to provide […]

The crypto industry is known for its sheer price movement volatility, driven mainly by events and liquidity crunches. Since the beginning of the year, there has been a noticeable and consistent outflow of cash from the cryptocurrency market, which is unsurprising.  According to Bitfinex’s latest report, this capital drain was […]

Ethereum price is eyeing a key upside break above $1,650 against the US Dollar. ETH could gain bullish momentum if there is a close above $1,650 and $1,670. Ethereum is moving higher toward the $1,650 resistance. The price is trading above $1,610 and the 100-hourly Simple Moving Average. There is […]

In the months leading up to the Litecoin halving in August, the price of the blockchain’s native LTC token was continuously on the rise. This renewed interest in investors who rushed back into the token and eventually pushed its price above $100. That is until the actual halving event rolled […]

Two more top executives are leaving Binance.US, one day after the departure of CEO Brian Shroder and the layoff of a third of its staff, The Wall Street Journal reported. Binance.US is the United States offshoot of the international cryptocurrency exchange. Head of legal Krishna Juvvadi and chief risk officer […]

Banking giant Deutsche Bank has partnered with Swiss-based crypto infrastructure firm Taurus to establish an institutional-grade digital asset custody service. Besides global crypto custody, Deutsche Bank will also use Taurus’ infrastructure to provide tokenization services to its clients. Deutsche Bank Delves Into Crypto Custody Germany’s largest bank, with assets worth […]

On Episode 30 of Hashing It Out, Elisha Owusu Akyaw speaks with Sara Drakeley, CEO of MobileCoin, a company enabling cryptocurrency payments through instant messaging applications such as Signal. Drakeley talks about going from working on animated films like Frozen and Moana at Disney to entering the cryptocurrency space. She […]

Ernst & Young (EY), one of the Big Four global professional services providers, announced the development of a new artificial intelligence (AI)-powered platform for its clients. In a post on Sept. 13, the London-based firm revealed it had invested $1.4 billion into AI technologies for its new EY.ai platform, which […]