Construction Giant XCMG Chooses Conflux for NFTs and Future Global Blockchain Applications

Toronto, Canada, 27th March, 2023, Chainwire ​​XCMG Construction Machinery Co., Ltd. (000425.SZ), the world’s third largest construction machinery manufacturers, announced a partnership with Conflux, a leading public blockchain network, and Zen Spark Technology Pte Ltd, a Singapore-based blockchain and fintech company. The partnership aims to leverage blockchain and Web3 technologies to explore more international use cases. The partnership between XCMG, Conflux, and Zen Spark Technology Pte Ltd will leverage the strengths of all three companies to explore new scenarios for the application of blockchain and Web3 technology in the global…

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Nasdaq To Launch Crypto Custody Services Later This Year

Nasdaq plans to capitalize on the growing demand for crypto-related services and help drive further innovation in the space. The news came amid endless turbulence and increased regulatory pressure. Nasdaq’s crypto custody services are already underway, according to Bloomberg’s report on March 24. The launch is expected to occur by the end of June this year. In September 2022, Nasdaq announced the establishment of Nasdaq Digital Assets, a division dedicated to offering crypto custody services. The move carried a competitive message, especially since other financial giants such as Fidelity Investments,…

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MicroStrategy Splurges $150 Million On Bitcoin, Repays $205 Million Silvergate Loan At 22% Discount

Summary: MicroStrategy bolstered its Bitcoin bag with a 6,455 BTC purchase worth around 150 million at today’s prices. Former CEO Michael Saylor noted that the company also repaid its $205 million Bitcoin-collateralized loan at a 25% discount. Saylor’s digital asset firm now holds around 138,955 BTC worth approximately $4.14 billion. Digital asset powerhouse MicroStrategy recently bought more Bitcoin for $150 million and repaid its BTC-collateralized loan to troubled crypto-friendly bank Silvergate, per a filing with the U.S. Securities and Exchange Commission. The company scooped up some 6,455 BTC at an…

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Ethereum Co-Founder Says Crypto Ecosystem Has Never Been Better or Stronger

Ethereum co-founder Joseph Lubin says the strength of the crypto ecosystem “has never been better or stronger.” He believes “more clarity” from regulators would be helpful for the crypto industry. “I think our industry has suffered from having two major factions lumped into one: the money-crypto faction … and the tech-crypto faction,” he explained. Ethereum’s Co-Founder on Crypto Ecosystem, Regulation Ethereum co-founder Joseph Lubin discussed the state of the crypto ecosystem, regulation, and whether ether (ETH) is a security in an interview with CNBC last Wednesday. “The strength of our…

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Bitget Becomes the First Centralized Exchange to Offer Financial Transparency Through Space and Time

Victoria, Seychelles, 27th March, 2023, Chainwire Bitget, the largest crypto copy trading platform, has announced a strategic partnership with Space and Time (SxT), a leader in decentralized data warehousing. The partnership will enable Bitget to offer users unparalleled transparency of exchange operations with a verifiably tamperproof audit trail of data and computation.  Bitget is the first centralized exchange to leverage a decentralized data warehouse. The trustless Space and Time platform will provide Bitget users with verifiable evidence that the exchange holds the assets it claims to own on behalf of…

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Sphynx Ink and OpenSea Partner for “Winkles & Flam” Digital Collectibles

Toronto, Canada, 27th March, 2023, Chainwire Winkles & Flam, the ‘Cosplaying Canadian Kitties,’ are the First Original Cartoon Duo of the web3 space, launching exclusively on OpenSea Drops Sphynx Ink Inc. comprises Oscar®-Nominated Filmmaker Adam Benzine (HBO’s Spectres of the Shoah) & BAFTA®-Winning Illustrator Dele Nuga (The BBC’s The Clangers) Non-PFP and non-generative, Winkles & Flam marks a radical new model for Digital Collectibles, with high-quality, hand-drawn illustrations & weekly/seasonal releases The first project to partner with Mint Foundry, the new Visual Metadata Editor from the team behind acclaimed ‘No…

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