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LG Reportedly Working on Secret Crypto Project

Source: iStock/LucianoBibulich South Korean multinational electronics company LG is testing a digital token it has developed in a behind-doors pilot project, per a news report in South Korea. Media outlet ETNews claims anonymous sources have unveiled details of the project, a blockchain technology-powered “cryptocurrency-type” token that employees at the company’s …

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USD 133m Stablecoin Basis is Reportedly Closing Down

Logo of Basis. The well-known stablecoin project Basis is shutting down operations and returning what is left of the funds they raised to investors, The Block reported citing undisclosed sources with “direct knowledge of the situation.” The shut-down reportedly follows regulatory problems, although details are sketchy at this point. According …

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