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WorldCoin to Open its ID System for Government and Private Companies: Report
3.8.2023
Sam Altman co-founded tech firm WorldCoin is extending its reach by enabling governments and private businesses to leverage its controversial iris-scanning and identity-verification technology, Reuters reported.
WorldCoin continues to attract regulatory scrutiny for its tech that is being used...
Hyundai-Kia’s SCEMS: Blockchain-driven emission control
3.8.2023
Hyundai Motor, along with Kia Corporation, has successfully delivered their blockchain-oriented Supplier CO2 Emission Monitoring System (SCEMS) on the Hedera mainnet. This goes in favor of the latter and brings into focus two important issues. The first is that the network is recognized...
UAE introduces digital identity across service systems
3.8.2023
UAE, the United Arab Emirates, has made a decision to advance its efforts in transforming the region digitally. The most recent development comes in the form of the UAE Pass, a digital identity that grants access to its citizens to over 6,000 services. These include public and private services...
Kraken Co-founder Jesse Powell Voices Concerns About FTX 2.0
3.8.2023
The revival plans of crypto exchange FTX have been met with skepticism from industry insiders, with Jesse Powell, co-founder of Kraken, raising concerns about the feasibility of FTX 2.0's aspirations.
In a series of tweets, Powell questioned the viability of reviving the defunct FTX exchange...
Binance CEO CZ Explores Diversifying Stablecoin Strategy, Eyes Smaller Algorithmic Tokens
2.8.2023
During a Twitter "Ask Me Anything" (AMA) session on July 31, Binance CEO Changpeng "CZ" Zhao expressed his intention to introduce smaller algorithmic Stablecoins to the market for investors to have alternatives to the existing global Stablecoin giants.
In the session, CZ highlighted concerns...
Crypto Billionaire Justin Sun and Partners Step in to Aid DeFi Giant Curve Amid Crisis – Here's the Latest
2.8.2023
Tron founder and wealthy crypto investor Justin Sun has stepped up to save decentralized exchange (DEX) protocol Curve Finance from a potential bad debt crisis....
Read More: Crypto Billionaire Justin Sun and Partners Step in to Aid DeFi Giant Curve Amid Crisis – Here's the Latest
FTX Proposes Rebooting Exchange for Offshore Customers in Bankruptcy Plan, FTT Token Holders Left Empty-Handed
2.8.2023
The bankrupt crypto exchange FTX’s new management has proposed to reboot the exchange for offshore customers only, but holders of the FTT token would not benefit from the plan.
In a recent filing, FTX’s management proposed to group the various creditors into different classes as a way for them...
Crypto Sleuths Discover Potential Connections Between Sam Bankman-Fried and BALD Rugpull
2.8.2023
Connections can be found between Sam Bankman-Fried’s trading firm Alameda Research and the deployer of an alleged crypto scam called BALD.
According to members of the crypto community who have analyzed on-chain data, the deployer of the meme coin, which was built on Coinbase’s new layer...
Breaking: US Department of Justice Considering Fraud Charges Against Binance Crypto Exchange
2.8.2023
The US Department of Justice (DoJ) is mulling whether to press fraud charges against Binance, as per a Semafor report.
However, as per the report, the DoJ is worried that if it indicts Binance, it could trigger a rush to withdraw balances on the exchange, similar to the rush that brought down...
India Pushes For A Clear G20 Crypto Strategy, Backs FSB Recommendations
2.8.2023
India has backed calls for a properly structured legal regime on digital assets globally in its latest release to the G20.
The country which currently presides over the G20, an association of the world’s 20 leading economies has in recent months deliberated on its local crypto laws while making...
Binance Officially Enters Japanese Crypto Market with Binance Japan Exchange
2.8.2023
The major crypto exchange Binance has officially entered the Japanese market with the launch of Binance Japan K.K.
In an announcement from Tuesday, Binance said it already offers Japanese crypto traders access to more tradable tokens that any other crypto exchange, with 30 tokens available...
Coinbase to Add Bitcoin's Lightning Network for Payments in Response to Jack Dorsey’s Tweet
2.8.2023
Crypto exchange Coinbase’s CEO Brian Armstrong and former head of Twitter – now X – Jack Dorsey, highlighted the potential and future of Bitcoin’s Layer 2 (L2) payment protocol, the Lightning Network.
In response to Dorsey’s Tweet, Armstong said Wednesday that Coinbase is looking into best ways...
Kenya Suspends WorldCoin Operations, Launches Investigation For Collecting Public Data
2.8.2023
The Ministry of Interior of Kenya has suspended the operations of Sam Altman’s WorldCoin and launched an investigation into the company for collecting public data.
Kenya’s Ministry of Interior and National Administration issued a statement earlier today saying that the government is concerned...
FTX Unveils Reboot Plan for New Offshore Exchange under New Leadership
2.8.2023
On July 31st, under its new CEO, John J. Ray III, the bankrupt cryptocurrency exchange FTX Trading Ltd. submitted a draft plan to "reboot" the collapsed crypto exchange.
The proposal was unveiled on Monday, presenting FTX.com claimants with the option to hold equity securities, tokens, or other...
RFK Jr. Defends Bitcoin, Denounces Climate Concerns as 'Smokescreen' to Limit Freedom
1.8.2023
Presidential Candidate Robert F. Kennedy (RFK) Jr. defends Bitcoin against environmental impact criticisms, asserting that opponents use it as a smokescreen to limit financial freedom.
On July 31, RFK responded to Sangha Systems director Daniel Feldman's recent Twitter thread discussing...
Analyzing Mark Zuckerberg's Metaverse Investment: $21 Billion in Losses So Far
1.8.2023
Facebook boss Mark Zuckerberg’s metaverse push has so far cost his company $21 billion, with little to show for in terms of real results, according to a recent Bloomberg opinion piece.
For the massive amount of money spent on developing a metaverse, Zuckerberg and Facebook-owner Meta have only...
Galaxy Digital CEO Mike Novogratz: Larry Fink's Bitcoin Support Is Game-Changing
1.8.2023
BlackRock CEO Larry Fink’s recent endorsement of Bitcoin is the number one reason to be bullish on the asset right now, according to Galaxy Digital CEO Mike Novogratz.
“The most important thing that happened this year in Bitcoin is Larry Fink,” Novogratz said in an interview with Bloomberg last...
Dubai’s VARA Approves Operational License to Nomura’s Crypto Subsidiary
1.8.2023
Dubai's Virtual Asset Regulatory Authority (VARA) has granted an operating license to Laser Digital, the crypto division of the Japanese financial services giant Nomura.
The license allows Laser Digital to provide crypto asset broker-dealer services and management and investment services to...
Ukraine Mandates Digital Asset Firms To Disclose Financials As Wider Regulation Looms
1.8.2023
The National Bank of Ukraine (NBU) has requested local cryptocurrency firms to file details of their financials, raising concerns over new regulatory measures.
The bank demanded at least four virtual asset firms including Kuna, CoinPay, Geo Pay, and Qmall to provide financial documents alongside...
Tether's Q2 Results: $3.3 Billion in Excess Reserves, Surpassing $1 Billion in Operational Profits
1.8.2023
Stablecoin issuer Tether’s consolidated reserves report for the second quarter of 2023 shows that the company has around $3.3 billion in excess reserves, while profits increased 30% from last quarter to over $1 billion.
The report, which was attested by accounting firm BDO, noted that the excess...