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US Rep. Warren Davidson Criticizes CBDCs, Advocates Permissionless P2P Money Instead
24.7.2023
The United States Republican Representative, Warren Davidson, has reiterated his stance against a government central bank digital currency (CBDC), claiming that they should be banned and criminalized.
In response to a job posting, from the San Francisco Federal Reserve Bank, for a “senior crypto...
Peer-to-Peer Crypto Platforms under Pressure in Declining Market
24.7.2023
Decentralized peer-to-peer crypto exchanges are under heavy pressure as they witness a sharp decline in the total market share.
The market share of peer-to-peer crypto platforms has dropped to 5% from a 2023 peak of 7% in March, Bloomberg reported citing Kaiko data.
Decentralized exchanges...
Successful Launch: Arkham Intel Exchange Shows 11 Submissions, Including High-Profile BTC Wallet
24.7.2023
Since its launch on July 10, Arkham, the groundbreaking "blockchain intelligence company," has already received 11 submissions of valuable information from different addresses through the "world's first on-chain intelligence exchange," Arkham Intel Exchange.
This impressive response from diverse...
OpenSea-Backed Americana Offers Public Access to Unique 'Phygital' Vaulting System
24.7.2023
Vaulting platform Americana, backed by the popular OpenSea NFT marketplace, has launched its concierge vaulting, allowing collectors to store, showcase, and sell both physical and digital assets.
On July 21, Americana announced that its vaulting is now open to the public.
According to...
McDonald’s Hong Kong Collaborates with The Sandbox to Launch McNuggets Land in Web3
24.7.2023
McDonald's Hong Kong collaborated with The Sandbox to create McNuggets Land, an immersive Web3 experience to commemorate the 40th anniversary of Chicken McNuggets.
This virtual world offers users an immersive journey through a hidden factory and a historical tour of the popular chicken snack....
Massive Crypto Adoption Ahead: Jesse Pollak of Coinbase Expects 8 Billion On-Chain
21.7.2023
As many as 8 billion people will become crypto and blockchain users over the next decade, according to Coinbase protocols lead Jesse Pollak.
Speaking with Decrypt during the EthCC conference in Paris on Wednesday, Pollak said that although crypto adoption has grown rapidly in recent years, there...
Binance Labs Pours $10 Million into Cross-Chain DeFi Lender, Radiant Capital
21.7.2023
Crypto exchange Binance’s venture capital arm – Binance Labs – has invested $10 million in Radiant Capital, a marketplace for providing liquidity and borrowing cross-chain assets.
Announced Thursday, the strategic funding round will help Radiant build new technologies and product development...
Crypto Exchange FTX and Alameda Seek to Retrieve $71 Million from Philanthropic and Life Science Entities
21.7.2023
Defunct cryptocurrency exchange FTX and its sister company Alameda Research are seeking clawbacks from FTX's philanthropic arm and other life science entities.
According to court documents filed on Wednesday, the firms are seeking to recover more than $71 million that was allegedly diverted from...
The US Department Of Justice Will Double Its Crypto Enforcement Teams To Combat Crimes
21.7.2023
The United States Department of Justice is set to expand its digital asset crime enforcement teams in the coming months as part of wider plans to reduce virtual-asset-related crimes.
In a speech delivered on July 20, at the Center for Strategic and International Studies, Nicole Argentieri,...
China's Digital Yuan Hits $250 Billion Transaction Volume, Central Bank Governor Reports
21.7.2023
The People’s Bank of China (PBoC) revealed that $250 billion worth of transactions have taken place using the country’s central bank-backed digital currency (CBDC) digital yuan in 18 months since the start of its pilot.
Speaking at a conference in Singapore, China’s central bank governor Yi Gang...
US House Republicans Introduce Landmark Bill for Regulating Crypto: The Financial Innovation and Technology for the 21st Century Act
21.7.2023
On Thursday, Senior House Republicans presented legislation to resolve the regulatory ambiguity surrounding the digital asset industry.
The proposed bill calls for mandatory definitions of "blockchain" and "digital asset" to be included within the existing financial laws by market regulators....
Canadian Police Alert High-Value Crypto Investors Being Subject to Burglaries
21.7.2023
Canadian authorities have reported several incidents of robbery “whose victims are high-value cryptocurrency investors.” As a result, the country's federal police service issued a warning about this potential trend of home invasion-style burglaries targeting crypto investors....
Read More: Canadian...
Crypto-Based Bank Receives Support from Myanmar's Shadow Government
21.7.2023
Myanmar is all set to launch its first fully crypto-based banking institution, the Spring Development Bank, on July 22.
The Spring Development Bank, named after the Spring Revolution, aims to grant the country’s shadow government National Unity Government (NUG) access to financial services...
Terraform Labs Seeks Data from FTX Wallets for SEC Lawsuit Defense
21.7.2023
Terraform Labs, the development firm behind Terra network and the failed stablecoin TerraUSD (USTC), is seeking permission from a court to get access to data from the bankrupt crypto exchange FTX.
According to Terraform Labs, the failure of its UST stablecoin was the result of an attack by large...
Chingari announces official integration with the Aptos Network
21.7.2023
Chingari recently announced an official integration into the Aptos Network blockchain. The platform released a string of tweets to share the information. According to the tweets, the integration allows new users to access the Chingari Wallet on the Aptos Network blockchain. The objective behind...
Over 70% of Spanish Crypto Traders Declared Losses in FY2022 – Report
21.7.2023
Over 70% of Spanish crypto traders declared losses in the financial year 2022, a new report has found.
Per the media outlet Europa Press, the claims were made by TaxCripto, an accountancy firm that specializes in preparing tax returns for crypto holders.
The declared losses were significantly...
1.3m+ Crypto Phishing Attacks Foiled in Russia So Far This Year – Kaspersky
21.7.2023
More than 1.3 million crypto-related phishing attacks were stopped in Russia in the first six months of this year, a new report has claimed.
Per Plus World, the cybersecurity provider Kaspersky Lab claimed its solutions thwarted the attacks, which the firm thinks are a direct response to a rise...
Crypto Firm RISC Zero Secures $40M Funding Round Led by Blockchain Capital
20.7.2023
RISC Zero, a startup that builds zero-knowledge (ZK) proof software, has raised $40 million in a Series A funding round led by the major crypto-focused investor Blockchain Capital.
In its announcement of the closing of the funding round, RISC Zero said the fresh capital will be used to bring...
Fed Launches New Instant Payment FedNow Service – Does This Undermine Crypto’s Use Case?
20.7.2023
The US Federal Reserve announced on Thursday that its long-awaited FedNow Service has gone live.
According to a post on the Fed’s website, "banks and credit unions of all sizes can sign up and use this tool to instantly transfer money for their customers, any time of the day, on any day of...
UK Strongly “Disagrees” Recommendation to Regulate Crypto as Gambling
20.7.2023
The United Kingdom’s economic and finance ministry – HM Treasury – has strongly denied proposals by the House of Commons’ Treasury Committee to regulate cryptocurrencies like gambling.
The UK Treasury Committee had called for unbacked cryptocurrencies to be regulated like gambling in May. A panel...