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Mexico ‘Leads LATAM in Travel Rule Adoption’ as ‘Argentina Lags Behind’
11.8.2023
Mexico is “leading the way” in Latin America’s Travel Rule adoption drive, a study has found – with Argentina “lagging behind.”
The claims were made by the Latin American Financial Action Task Force (known locally as GAFILAT), an intergovernmental organization comprising 18 Latin American...
SEC’s Crypto Compliance by Enforcement Push Continues as Bittrex Hit With $24 Million Fine
10.8.2023
The US Securities and Exchange Commission (SEC)’s push to force the crypto industry into “regulatory compliance” via enforcement action continues, with bankrupt crypto exchange Bittrex the latest to fall foul of the agency.
Bittrex just agreed to pay a $24 million fine to the SEC, after the agency...
Swiss City of Lugano and Tether's Plan ₿ Summer School Achieves Second-Year Milestone
10.8.2023
From bill-splitting apps to solutions for urban parking, the Swiss City of Lugano and Tether's second annual Plan ₿ Summer School showcased the transformative potential of blockchain over the past 10 days. The event, which wrapped up yesterday, saw around 80 students from 28 countries dive deep...
Circle CEO Urges On-Shore Stablecoin Development for the Future of Finance
10.8.2023
Resharing Circle's video ad tweet, Jeremy Allaire, the CEO of Circle, emphasized the critical need to accelerate the progress of the digital dollar and Stablecoin development. His message highlights that this advancement is essential for maintaining the strength of the US dollar.
Initially posted...
France Amends Crypto Regulatory Framework In Line With MiCA Licensing Rules
10.8.2023
France’s financial regulator Autorité des Marchés Financiers (AMF) has announced key amendments to its digital asset regulatory regime in light of the Market in Crypto Asset (MiCA) regulation.
The new amendments will come into effect from Jan 1 2024 and would affect both its General Regulation...
Ether Futures ETF Applications Spike: Unveiling the Surprising Reason
10.8.2023
Though a wave of Bitcoin (BTC) spot ETF applications have stirred excitement in the crypto market over the past two months, a lesser-known bundle of Ether (ETH) ETF applications is following closely behind it....
Read More: Ether Futures ETF Applications Spike: Unveiling the Surprising Reason
Nigeria’s National Youth Scheme To Issue Blockchain-Based Certificates To Citizens
10.8.2023
The Nigerian government has unveiled plans to deploy blockchain technology to issue and verify all National Youth Service Scheme (NYSC) certificates.
At a policy gathering organized by the National Information Technology Development Agency (NITDA) to promote plans around the proposed National...
Bank of England Forms Digital Pound Advisory Group to Shape CBDC Design
10.8.2023
Announced on the Bank's Website on Wednesday, the Bank of England (BoE) has established a digital pound advisory group named the CBDC Academic Advisory Group (AAG) and is actively seeking specialists to join this group as the nation enters the CBDC design phase. ...
Read More: Bank of England Forms...
Base mainnet is now live with 100+ dApps and service providers
10.8.2023
Base recently announced the official release of its mainnet for everyone. Now, users can access over 100+ service providers and dApps on Base. Besides this, the mainnet is also offering integrations throughout the Coinbase ecosystem. According to Base, any user can enjoy dApps on Base with quick...
Y00ts NFTs Announce Migration to Ethereum, Will Return $3 Million Polygon Grant
10.8.2023
After shifting from Solana to Polygon earlier this year, the y00ts non-fungible token (NFT) project has announced that it is once again migrating its base from Polygon to Ethereum blockchain.
The y00ts project, once a prominent player on Solana's network, made waves earlier this year by migrating...
Ethereum Co-founder Vitalik Buterin Shares Insights on Sam Bankman-Fried’s Reputation
10.8.2023
Ethereum co-founder Vitalik Buterin has revealed that a larger section of the crypto community did not respect Sam Bankman-Fried as depicted by the mainstream media.
Buterin has been a long critic of Bankman Fried since the collapse of the latter’s digital asset exchange, FTX, and has made...
Coca-Cola and Top DAOs Join Coinbase's 'Onchain Summer' Web3 Festival for Base Launch
10.8.2023
Crypto exchange Coinbase has kicked off the multi-week Onchain Summer event to celebrate the launch of its much-anticipated Layer 2 network Base.
The crypto giant said that each week in the series will bring new activations across Web3, including art, music, culture, and gaming.
Companies...
FTX Rebuts Creditor Panel’s Statement on Lack of Consultation - Here’s the Latest
10.8.2023
The lawyers of the bankrupt crypto exchange FTX which filed for a Chapter 11 in November and collapsed thereafter, have filed a response to the creditor panel’s draft reorganization plans, disapproving the committee’s claims on FTX’s lack of engagement....
Read More: FTX Rebuts Creditor Panel’s...
Congresswoman Maxine Waters Criticizes PayPal's Entry into Dollar-Pegged Stablecoin Arena Without Federal Regulatory Approval
10.8.2023
On Wednesday, Democratic Congresswoman Maxine Waters (D-CA) criticized PayPal's launch of its new dollar-backed stablecoin, PYUSD, as she believed the company should have waited for federal regulatory approval before proceeding.
"I am deeply concerned that PayPal has chosen to launch...
Coinbase Steps Into Unchartered Territory As Its Layer-2 Blockchain Base Goes Live
9.8.2023
Coinbase’s new Ethereum layer-2 blockchain Base went live at 1200 EDT on Wednesday.
That marks a step into unchartered territory for the largest US-based cryptocurrency exchange, which is the first publicly traded company to launch its own public crypto network....
Read More: Coinbase Steps Into...
Galaxy Digital Narrows Losses To $46 Million, Maintains Strong Liquidity Position At $696 Million In Q2 2023
9.8.2023
Galaxy Digital's latest earning report shows a major reduction in losses to $46 million as the cryptocurrency market grows through the second quarter of the year.
The New York-based firm led by CEO Michael Novogratz has recorded a change in fortunes since Bitcoin (BTC) surged slightly over...
Binance Founder CZ Warns Users About the Use of AI Deepfakes in Crypto – What's Going On?
9.8.2023
Crypto exchange giant Binance's CEO Changpeng Zhao (CZ) has flagged a warning regarding AI-enabled deepfake videos that pose significant risks to cryptos.
Referring to an AI-powered video post featuring Joshua Xu, CEO of HeyGen, CZ said that such videos are “pretty scary from a video verification...
Crypto's Initial Hope for Sex Workers Gives Way to New Challenges
9.8.2023
Crypto was once one of the best ways for sex workers to get paid. Now, it’s scarcely more supportive of the industry than the banking sector.
Joining a slew of banks and payment providers that have shunned the adult industry for decades, regulatory pressure is even encouraging crypto exchanges...
Stablecoin Market Cap To Hit Nearly $3 Trillion By 2028: Bernstein Report
9.8.2023
Private wealth management company Bernstein has projected stablecoins to grow by 2,140% in the next five years with huge developments pouring into the sector.
According to the report, the stablecoin market stands at $125 billion with USD Tether (USDT) and USD Circle (USDC) as leaders but...
Coinbase Report Says 19% of New York Residents Own Cryptocurrencies
9.8.2023
Leading crypto exchange Coinbase published a report on Tuesday highlighting the crypto adoption and innovation in the New York state. Coinbase conducted a survey, which noted that 19% or one-fifth of New York responders own crypto.
The exchange has been conducting a series of reports titled...