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FDIC Vice Chairman Takes Aim at Controversial SAB 121, Pushes for Regulatory Clarity
12.3.2024
Federal Deposit Insurance Corporation (FDIC) Vice Chairman Travis Hill criticized the United States Securities and Exchange Commission's (SEC) controversial SAB 121 while saying that the FDIC’s regulatory approach has “significant downsides" amidst larger discussions around the regulation...
Crypto’s Rising Influence in 2024 U.S. Elections: A Game Changer, Says Analyst
12.3.2024
FOX Business analyst Eleanor Terrett opined on March 11 that the cryptocurrency industry is gaining influence as the 2024 U.S. elections draw near, citing increasing influence of crypto advocacy groups like the Stand With Crypto Alliance.
The post Crypto’s Rising Influence in 2024 U.S. Elections:...
Crypto Experts Are Bullish on This New AI Coin – What’s Their Secret?
12.3.2024
A new AI-integrated blockchain security coin called Scotty the AI (SCOTTY) is making analysts of smaller market cap projects bullish right now. Thats because $SCOTTY combines the cultural stock of meme coin projects like Dogecoin and Shiba Inu with the added utility of an AI-powered blockchain...
Israel Plans to Launch Interest-Bearing CBDC – Here’s What You Need to Know
12.3.2024
On March 11, the Central Bank of Israel unveiled plans for a Central Bank Digital Currency (CBDC). Known as ‘digital shekel’ the unique CBDC will be interest-bearing, marking a departure from existing digital currencies.
The post Israel Plans to Launch Interest-Bearing CBDC – Here’s What...
Tether CTO Aims Dig At DCG For Doubting USDT’s Resilience
12.3.2024
As the crypto industry faced turmoil, Digital Currency Group (DCG) attempted to short Tether (USDT) amidst stability concerns. Tether's CTO, Paolo Ardoino, calls out the move as DCG now faces a lawsuit. The incident highlights the stark contrast between Tether's resilience and DCG's struggles.
The...
Tether Launches On Celo Chain
12.3.2024
Stablecoin leader Tether (USDT) has launched on the Celo blockchain, expanding its reach and targeting wider financial inclusion. Celo's mobile-first approach and diverse ecosystem offer new avenues for the popular stablecoin, potentially simplifying transactions and driving adoption in emerging...
Goldman Sachs, BNY Mellon and Others Test Enterprise Blockchain for Tokenized Assets
12.3.2024
MapleStory forms a collaboration with Avalanche blockchain
12.3.2024
MapleStory, a top gaming franchise, has collaborated with the Avalanche blockchain to venture within the Web3 arena. Together, they will introduce a blockchain-oriented multiplayer online game, MMORPG, also known as MapleStory N. It will come with unique gaming features and rewarding systems....
Ethereum Blockchain Counts Down to 'Dencun' Upgrade, Set to Reduce Fees
12.3.2024
The upgrade is designed to usher in a new era of cheaper fees for the growing array of layer-2 networks that operate on top of Ethereum
Biden’s Budget Proposal for 2025 Rekindles Discussion of 30% Electricity Tax for Crypto Miners
12.3.2024
President Joe Biden has reignited the debate surrounding the imposition of a 30% tax on electricity used by cryptocurrency miners in a budget proposal for 2025.
The post Biden’s Budget Proposal for 2025 Rekindles Discussion of 30% Electricity Tax for Crypto Miners appeared first on Cryptonews
zkLink unveils $20M grant program for Layer 3 builders
12.3.2024
zkLink, a Zero-knowledge Layer 3 framework provider, has introduced a 20,000,000 $ZKL grant project for backing builders creating on zkLink. This grant project encourages inventiveness and improvement in the zkLing ecosystem by offering financial backing targeting builders engaged with projects...
‘Web3 Gaming Offers a Pathway to a More Inclusive and Vibrant Gaming Ecosystem’ — Weiwei Geng
12.3.2024
While the traditional gaming industry’s free-to-play model is largely credited for its past and projected success, on the downside this model only prioritizes building games that “optimize for addiction and profit maximisation” rather than “innovative entertainment,”...
Nexon’s MMORPG MapleStory to Launch Web3 Version on Avalanche
12.3.2024
South Korean videogame developer Nexon to launch a web3 version of its MMORPG MapleStory on the Avalanche blockchain, introducing user-generated content and new gameplay mechanics.
The post Nexon’s MMORPG MapleStory to Launch Web3 Version on Avalanche appeared first on Cryptonews
Coinbase Sues SEC for Crypto Rulemaking Refusal, Calls for Clarity
12.3.2024
Coinbase takes legal action against the SEC, pressing for a court order to compel the regulatory body to start developing specific rules for crypto operations and oversight.
The post Coinbase Sues SEC for Crypto Rulemaking Refusal, Calls for Clarity appeared first on Cryptonews
This Bitcoin Bull Run Is Breeding Millionaire Whales at Slower Pace, Data Show
12.3.2024
Currently, less than 2,000 millionaires, or wallets with $1 million worth of bitcoin, are created daily. That's significantly lower than the 2020-21 bull run
French Teenagers Turning to Crypto Investment – Report
12.3.2024
French teenagers are more likely to invest in crypto than older citizens in the country, a report has claimed.
The post French Teenagers Turning to Crypto Investment – Report appeared first on Cryptonews
Arbitrum to Unlock $2.32 Billion in Vested ARB Tokens on March 16
12.3.2024
Arbitrum, a Layer-2 blockchain network, is gearing up to release $2.32 billion worth of vested Arbitrum ARB tokens on March 16.
The post Arbitrum to Unlock $2.32 Billion in Vested ARB Tokens on March 16 appeared first on Cryptonews
South Korean Law Firm Chief Jailed for Stealing Customer Money to Invest in Crypto
12.3.2024
A South Korean law firm operator was jailed in Busan on March 11 after they were found guilty of stealing clients’ money to spend on crypto investments.
The post South Korean Law Firm Chief Jailed for Stealing Customer Money to Invest in Crypto appeared first on Cryptonews
President Biden Proposes Crypto Mining Tax and Wash Sale Rule in 2025 Budget Proposal
11.3.2024
President Biden's 2025 budget proposal aims to introduce a crypto mining tax and close the wash sale loophole for digital assets. The move faces opposition from House Republicans, who criticize the administration's spending. As the 2024 presidential race heats up, the outcome could shape the future...
Former BlockFi CEO Announces New Career Path – And Settles Lost Bet On His Company’s Bankruptcy
11.3.2024
Zac Prince, the former BlockFi CEO, is breaking into real estate tech now that his defunct crypto lending firm is on a safe path to recovery.
The post Former BlockFi CEO Announces New Career Path – And Settles Lost Bet On His Company’s Bankruptcy appeared first on Cryptonews