dci

ChainCatcher news, the social infrastructure platform UXLINK has tweeted to announce its participation in Stanford University's Future Development of Digital Currency Initiative (FDCI).UXLINK has launched innovative products such as "link-to-earn," social payment finance (PayFi), and the socially native blockchain—UXLINK OneChain, aimed at enhancing trust and accelerating mass adoption.The strategic partnership between UXLINK and Stanford FDCI demonstrates both parties' steadfast commitment to ongoing investment in research and development and a focus on innovation, which will drive the global adoption of digital currency.

ChainCatcher news, management consultant and Ethereum investor "DCinvestor.eth" posted on the X platform stating that he is no longer interested in reforming the Ethereum Foundation (hereinafter referred to as EF), but does not oppose industry stakeholders considering EF as a suitable organization to continue managing, although he personally hopes to see substantial governance reforms. However, EF must demonstrate its willingness to dramatically leverage its influence to help address these issues.If EF indicates that it cannot or will not use its power to solve problems, then the industry must take proactive steps and begin to consider new structures.

ChainCatcher news, according to The Block, FTX debtors have submitted documents to the court planning to sell their subsidiary Digital Custody Inc. (DCI), which was acquired for a total price of $10 million in August 2022, to CoinList for $500,000. The transaction will be financially supported by DCI's former CEO Terence Culver, although the debtors may solicit better offers three days before the hearing.It is reported that DCI was acquired by FTX to provide custody services for FTX.US and LedgerX, but failed to formally integrate into the FTX ecosystem after FTX's former CEO Sam Bankman-Fried filed for bankruptcy in November 2022. This sale is also based on the license issued by the South Dakota banking department that DCI holds, which allows it to provide custody services.Furthermore, although FTX has received a tripartite letter of intent to purchase from Culver, the debtors chose this buyer based on their higher bid, ability to execute the sale transaction in a short time, and relationship with Culver, believing this would help the buyer quickly obtain regulatory approval. This transaction has been approved by the special committee for non-U.S. customers of FTX.com, and if the transaction fails to complete, a $50,000 reverse termination fee will apply.