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Eyeball-Scanning Project Worldcoin to Reward Operators in WLD Token Instead of USDC - Here's Why
23.10.2023
Eyeball-scanning cryptocurrency project Worldcoin, co-founded by Sam Altman, announced Sunday that the project operators would receive rewards in its native coin WLD, instead of USD Coin (USDC) stablecoins.
Worldcoin operators, who operate the biometric imaging device – Orb – developed by Tools...
Hong Kong Customs Chief Addresses Money-Laundering Risks in Crypto Exchanges Post JPEX Scandal
23.10.2023
Hong Kong's Commissioner of Customs and Excise, Louise Ho Pui-shan, has called for increased oversight and regulatory measures in response to mounting money-laundering risks within the crypto sector.
This call to action comes amid the HK$1.5 billion ($191 million) JPEX scandal that exposed...
Hong Kong’s SFC Moves to Update Crypto Market Regulations Following New Market Developments
21.10.2023
Hong Kong's Securities and Futures Commission (SFC) has announced plans to update its framework on cryptocurrency sales and requirements amid the evolving market development of the digital asset industry.
In the regulator’s upcoming amendment notice published on October 20, five major parts were...
Blockchain Firm LBRY Ceases Operations, Cites Insurmountable Debt
21.10.2023
Blockchain file-sharing and payment network, LBRY, announced the termination of its operations, citing "several million dollars" in debts owed to the SEC, its legal team, and a private debtor....
Read More: Blockchain Firm LBRY Ceases Operations, Cites Insurmountable Debt
Reddit Forum Moderators Discard Reward Tokens Hours Before Program Shutdown
20.10.2023
Data analyst Pledditor has revealed that three moderators linked to Reddit's cryptocurrency forum sold over 100,000 MOON tokens before its Community Point program shut down.
According to Reddit’s announcement on October 17, the platform disclosed its plans to discontinue its long-running...
FBI Charges Six in Connection with $30M Crypto Crime Ring
20.10.2023
The Federal Bureau of Investigation (FBI) filed charges on Wednesday against six individuals for allegedly running an unlicensed money-transmitting business involving $30 million in cryptocurrencies.
The information came to light through court documents filed in the Southern District of New York....
Testimony from the FBI, Kendall Jenner, and Revealing Twitter Messages: Recapping the Second Week of the SBF Trial
20.10.2023
The action-packed third week of Sam Bankman-Fried's historic fraud trial concluded Thursday afternoon in Manhattan federal court. Here's what you missed.
The prosecution started with a bang as Nishad Singh delivered a powerful testimony against the now-disgraced FTX founder.
Singh testified that...
Testimony from the FBI, Kendall Jenner, and Revealing Twitter Messages: Recapping the Third Week of the SBF Trial
20.10.2023
The action-packed third week of Sam Bankman-Fried's historic fraud trial concluded Thursday afternoon in Manhattan federal court. Here's what you missed.
The prosecution started with a bang as Nishad Singh delivered a powerful testimony against the now-disgraced FTX founder.
Singh testified that...
SynFutures Decentralized Exchange Secures $22 Million Investment Led by Pantera Capital – Crypto Funding Making a Comeback?
20.10.2023
The decentralized derivatives exchange SynFutures has announced the closure of a Series B funding round that raked in $22 million.
The round was led by Pantera Capital, a significant player in the crypto investment space, and saw participation from SIG DT Investments, a subsidiary of...
Lightning Labs Wants to 'Bitcoinize the Dollar' with Stablecoins – How Does it Work?
20.10.2023
Lightning Labs, one of the major firms responsible for developing Bitcoin’s lightning network, has released the mainnet alpha of its long-awaited “Taproot Assets” protocol on Wednesday, allowing stablecoins and other tokens to functionally trade on Bitcoin.
In its Wednesday announcement, the firm...
Argentina’s Central Bank Kicks off Efforts Toward Digital Peso Bill
20.10.2023
Much has been said about the potential Central Bank Digital Currency (CBDC) of Argentina in recent times following a suggestion by Economic Minister Sergio Massa to utilize the technology for fiscal growth.
The Central Bank of Argentina has revealed plans to push for the implementation of...
EBA and ESMA Release Consultation Paper on Assessing Suitability for Crypto-Asset Service Providers
20.10.2023
The European Banking Authority (EBA) and the European Securities and Markets Authority (ESMA) published a joint consultation paper on two draft guidelines.
On October 19, the European Banking Authority (EBA) and the European Securities and Markets Authority (ESMA) published joint guidelines that...
Epic Game Store Launches New Crypto Game by Creator of 'Magic: The Gathering' – Adoption on the Rise?
20.10.2023
The creator of the popular card game "Magic: The Gathering," Richard Garfield, is now delving into the world of blockchain gaming with a new digital card game called "Brawlers," co-designed by Garfield himself.
The game is already available free of charge on the Epic Game Store, offering a large...
Japanese Gaming Giant Bandai Namco Halts Gundam Metaverse Downloads – What's Going On?
20.10.2023
Japanese game publisher Bandai Namco has suspended downloads of its recently launched Gundam Metaverse amid rumors of a major leak.
"We are sorry that downloading the client files has been temporarily suspended," an October 18 announcement said.
"We will inform you on this website when...
Base Code Becomes Open-Source, Coinbase Stresses on Transparency and Partnerships
20.10.2023
Layer 2 network Base has announced its decision to build in the open allowing public access to smart contract codes citing transparency, accountability, and partnerships.
On Oct 19, Base released a statement explaining the decision to go open-source for both developers and the community adding...
Binance Announces Alliance With Fiat Partners to Offer EUR Services – Here’s the Latest
20.10.2023
Crypto behemoth Binance has introduced new fiat alliances to provide Euro transactions. The exchange confirmed that the initiative has commenced and users have already migrated to the new services.
The new partnership promises to usher in various fiat services, including Euro (EUR) deposit...
Former ConsenSys Employees Sue CEO Joseph Lubin Over Alleged Equity Dilution
20.10.2023
Former employees of ConsenSys have filed a lawsuit against the company's founder CEO, Joseph Lubin, alleging that he breached a "no-dilution promise" made in 2015.
The lawsuit filed in New York Supreme Court on October 19, claims that Lubin diluted the equity shares of former staff, contrary...
DEX Platform SynFutures Secures $22M in Series B Funding Round Led By Pantera Capital
20.10.2023
Permissionless perpetual trading platform SynFutures has recently secured $22 million in a Series B funding round.
Dan Morehead’s Pantera Capital led the investment round. But other participants include Hashkey Capital, SIG DT Investments (a subsidiary of Susquehanna International Group)....
Atomic Wallet and Chainalysis Join Hands to Seize $2M Following Suspicious Deposits
19.10.2023
Atomic Wallet has frozen over $2 million after detecting suspicious deposits in a partnership with prominent exchanges.
According to an announcement on October 18, 2023, Atomic Wallet has sought the assistance of blockchain intelligence firms Chainalysis and Crystal in its effort to identify...
Circle USDC Issuer Releases Two New Beta Tools for Developers
19.10.2023
USDC Issuer Circle has launched a smart contract platform and gas station, a major push to streamline Web3 services.
The stablecoin firm, in its blog post on October 19, revealed that the new product releases are systematic to the broader decentralized finance (DeFi) landscape.
The smart...