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Stars Arena Crypto Social Platform Faces Internal Challenges as Another Team Member Resigns – What’s Going On?
31.10.2023
Another team member has said goodbye to the Avalanche-based social finance platform Stars Arena. And the situation is only heating up, with criticism and accusations filling the comments sections. According to a tweet posted on Monday evening (UTC time), “as of today, KookCapitalLLC has been...
Hong Kong Uncertain on e-HKD Issuance, Says Retail CBDC Needs More Study
30.10.2023
As financial institutions worldwide explore the adoption of digital currencies, Hong Kong’s stance on its own Central Bank Digital Currency (CBDC), known as e-HKD, remains cautious. A recently published report by the Hong Kong Monetary Authority (HKMA) highlights both the opportunities...
Billionaire Mark Cuban: Crypto Needs a ‘Grandma-Friendly’ App to Thrive – Here’s the Latest
29.10.2023
Billionaire investor Mark Cuban has stressed the need for a “grandma-friendly” crypto application that would attract widespread adoption. In a recent episode of Wired’s “Tech Support,” Cuban, known for his role on “Shark Tank” and as the owner of...
SEC Commissioner Hester Peirce Challenges SEC’s Actions in LBRY Case
28.10.2023
Hester Peirce , a commissioner at the Securities and Exchange Commission (SEC), has expressed her strong disapproval of the agency’s handling of charges against cryptocurrency startup LBRY. In a statement released on Friday, Peirce, known for her favorable stance towards the crypto industry...
UN launches international effort to tackle AI governance challenges
27.10.2023
The list of participants includes tech industry leaders, government representatives from Spain to Saudi Arabia, and scholars from the U.S., Russia, and Japan
Blockchain Forensics Firm Elliptic Challenges Reports on Crypto’s Role in Terrorism Funding
26.10.2023
Recent reports suggesting that crypto has played a significant role in terrorism funding have been debunked by blockchain forensics firm Elliptic. According to a report by Elliptic published this week, the transparency and traceability of the blockchain make it challenging for terrorist groups like...
Ex-FTX Chief’s Defense Team Challenges FBI Interviews, Raises Questions About Witness Credibility
26.10.2023
On Wednesday, the defense team for the former FTX CEO Sam Bankman-Fried issued a letter to the judge seeking to question two FBI agents who interviewed Gary Wang, former chief technology officer of FTX, and Nishad Singh, former director of engineering at FTX. Lawyers allege the witnesses provided...
Coinbase Challenges SEC's Broad Definition of Securities in New Court Filing
25.10.2023
Coinbase's submission of a "final petition" to the court in its ongoing legal battle with the US Securities and Exchange Commission (SEC) argues tokens don't necessarily represent the definition of an investment contract and that the SEC has overstepped its regulatory bounds....
Read More: Coinbase...
Beosin and Cobo unite to tackle security & compliance challenges
23.10.2023
Beosin recently announced its strategic partnership with Cobo. The blockchain security firm will see Cobo leverage Beosin KYT. The collaboration will result in the parties tackling Beosin’s compliance and security challenges. Beosin KYT, the virtual asset AML and analysis platform, will be...
Web3 Security Firm Blockaid Raises $27M to Help Tackle Industry's 'Never-Ending' Challenges
23.10.2023
The New York and Tel Aviv-based company said it would use the funding to scale its product, customer base and team to address the industry’s security challenges
Bank of Canada Assesses DeFi’s Innovation and Challenges on Financial Markets
17.10.2023
The Bank of Canada published a staff analytical note that mirrors the development of decentralized finance (DeFi) alongside possible routes of wider market regulations.
The staff note released on Oct 17 shows the development stages of the cryptocurrency market, its benefits to challenges facing...
Canada central bank assesses innovations and challenges of DeFi
17.10.2023
The staff note suggested that although the DeFi ecosystem brings a ton of innovations in the financial sector the regulatory challenges and vulnerability limit its potential use in traditional finance
Bitcoin's Rising Dominance Rate Challenges Altcoin Boom From 2021
17.10.2023
The ascent in bitcoin's dominance rate is consistent with the bullish breakout in June, which marked the end of a prolonged range play between 38% and 48%
Brazil Committee Recommends Indicting Binance Officials, CZ
12.10.2023
A congressional committee in Brazil has concluded that four Binance officials, among them company CEO Changpeng Zhao (CZ), should be indicted. The suggestion follows a probe targeting crypto platforms suspected of operating pyramid schemes and can potentially affect the global crypto company’s...
Billionaire Investor Paul Tudor Jones Backs Bitcoin and Gold Amid Market Challenges
12.10.2023
Renowned investor Paul Tudor Jones has shared his bearish outlook on stocks while expressing optimism for gold and Bitcoin (BTC).
In a recent interview with CNBC, Jones cited two main reasons for his cautious stance, including the potential escalation of the conflict between Israel and Hamas...
Bank of Ghana Launches Hackathon to Explore Various Use Cases of CBDC
12.10.2023
The Ghanaian central bank said it will be hosting a 12-week hackathon where participants are expected to explore the e-cedi’s nine different use cases. At the end of the hackathon, the central bank will hold a conference where individuals with outstanding solutions are recognized. Addressing...
Bitcoin’s Hashrate Hits Record High Amid Upcoming Reward Halving and Market Challenges
10.10.2023
A week ago, at block height 810,432, Bitcoin miners dealt with a 0.35% rise in difficulty. Yet, on October 8, the Bitcoin hashrate soared to a new record. According to the seven-day simple moving average (SMA), it touched an impressive 440 exahash per second (EH/s). Notably, less than 200 days...
Bank of Canada Study: CBDC Can Help Overcome Inclusion Issues
10.10.2023
A recent study conducted by the Bank of Canada delved into the role a central bank digital currency (CBDC) would play in improving financial inclusion, digital inclusion, and accessibility. The study concludes that while the Canadian financial ecosystem is inclusive, a CBDC might help tackle...
Central banks will face unfamiliar challenges to achieve CBDC inclusivity, study says
4.10.2023
The potential is there, but the difficulties in achieving financial inclusivity are often underestimated, a Bank of Canada study shows
Hong Kong Emerging as Crypto Hub Amid East Asia's Regulatory Challenges - Is China Reversing Course?
4.10.2023
Although Eastern Asia - once a top market - has seen a decline in crypto activity over the past several years, Hong Kong may provide the region with "a potential tailwind," according to research firm Chainalysis.
While Hong Kong is rising as a global leader in the regulated digital asset market...