Mysten Labs’ Sui Network partners with F1 Red Bull racing team
The Red Bull team signed a $150-million sponsorship deal with crypto exchange Bybit in 2022 ahead of the market crash and major bankruptcies in the space.
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Crypto Gets Oily: Olive Oil Company Issued Euro Stablecoin Bond on Obligate
French agricultural firm Lamar Olive Oil has successfully issued an on-chain bond on the Switzerland-based DeFi platform Obligate, marking a notable development in business financing models using crypto: At @obligatecom...
Crypto exchange Bybit exits Canada, citing ‘recent regulatory development’
Headquartered in Dubai, Bybit plans to leave Canada while exploring expansion into new markets like Kazakhstan.
Tether moves into Bitcoin mining in Uruguay
As part of its expansion into mining, Tether cited Uruguay’s capability of generating 94% of its electricity from renewable sources, including wind and solar.
NBCUniversal veteran will replace Elon Musk as Twitter CEO
Elon Musk announced his departure as Twitter CEO on May 11, suggesting his replacement would be a woman who would take over within roughly six weeks.
Elon Musk announces he will step down as Twitter CEO
The soon-to-be former CEO will become Twitter’s executive chair and chief technology officer, overseeing product, software, and system operations.
‘We screwed up’ — Coinbase CLO responds to outrage after exchange associated Pepe with hate groups
Paul Grewal said Coinbase was attempting “to provide a fact-based picture of a trending topic” to its users when saying Pepe "has been co-opted as a hate symbol" by certain…
DCG settlement with Genesis still undecided as 30-day mediation period proceeds
The settlement plan proposed in February would give Genesis creditors 80% recovery of funds but many raised demands, leading to the mediation.
Marathon Digital announces immersion crypto mining operations in Abu Dhabi
The mining firm expects the two facilities to be online by 2024 and produce a combined hash rate of roughly 7 EH/s.
Crypto platform Bittrex files for Chapter 11 bankruptcy following SEC charges
The firm estimated it had more than 100,000 creditors, between $500 million and $1 billion in assets, and between $500 million and $1 billion in liabilities.
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