Maker Foundation Announces $27.5 Million MKR Sale, Expands DeFi to Asian Market

Maker Foundation Sells $27.5 million MKR to Dragonfly Capital and Paradigm, expanding their influence in Asia while driving DeFi adoption. The Maker Foundation, the group behind the decentralized crypto platform MakerDAO, announced today that venture capital funds Dragonfly Capital Partners and Paradigm have acquired $27.5 million worth of MKR. This is approximately 5.5% of the […]

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Alrosa, Tencent, Everledger Bring Diamonds on the Blockchain to WeChat

The world’s largest diamond mining firm, Alrosa, has partnered with Tencent, the operator of Chinese social media giant WeChat, on a new blockchain-powered e-commerce project. The world’s largest diamond mining firm, Russia’s Alrosa, has partnered with Tencent, the operator of Chinese social media app WeChat, on a new blockchain-based e-commerce project. Together with blockchain platform […]

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US SEC Looks to Expand ‘Accredited Investor’ Classification

The U.S. SEC on proposed expansion of qualifications for “accredited investors,” with major implications for crypto ICOs. The United States Securities Exchange Commission (SEC) has announced that it is looking for ways to expand the classification of “accredited investor,” with potentially major implications for capital formation of firms hesitant to meet full public reporting requirements. […]

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Oil and Gas Consortium Is 1st to Apply DLT to Industry Balloting

The Oil & Gas Blockchain Consortium successfully piloted a blockchain-based system for Authorization for Expenditure. A group of 10 major global oil and gas firms including heavy-hitters like Chevron and Shell has successfully digitized industry balloting using blockchain. The Oil & Gas Blockchain Consortium (OOC) successfully piloted a blockchain-based system for Authorization for Expenditure (AFE) […]

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