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Visa to Develop Brazilian Blockchain-powered CBDC Project
28.4.2023
The payments giant Visa has unveiled a new blockchain and central bank digital currency (CBDC) project in Brazil.
Per the Brazilian media outlet Livecoins, the firm was selected by the Brazilian central bank to “explore” “innovative” on blockchain technology-powered “usage cases” for the prototype...
New Ukrainian Crypto Regulations to Debut by Year’s End – Here’s All You Need to Know
28.4.2023
Ukraine is set to roll out new, EU-inspired crypto regulations, with Kyiv hoping to impose the rules before the year is out.
Forbes Ukraine reported that the National Commission on Securities and the Stock Market, the Ministry of Digital Finance, the National Bank of Ukraine (the central bank)...
China's Metaverse Geared Towards Work and Health – Is This the Future?
27.4.2023
As Meta and other Western tech giants seek to create virtual worlds for consumers in the metaverse, China is taking a different approach.
The Chinese government is backing technologies that it sees as strategic and setting rules to govern what can go on in cyberspace. Rather than creating...
French Crypto Traders Declared $442 Million Worth of Profits in Recent Tax Year – Here's the Latest
27.4.2023
French taxpayers declared some $442 million worth of crypto trading profits in the most recent tax year, per the nation’s tax body.
Per Le Figaro, the figure was “substantial,” but was “10 times lower than the estimates of the gains made in 2021.”
The body made its claim based on the number...
Bahamas Securities Commission Unveils Draft Digital Assets Act in Response to FTX Scandal – Here's the Latest
27.4.2023
The securities regulator in the Bahamas has unveiled a new piece of draft regulation developed as a response to the collapse of the Bahamas-based crypto exchange FTX.
The new bill, titled the Digital Assets and Registered Exchanges (DARE) Bill 2023, is an update to the original DARE Act of 2020....
FOBXX now positioned on the Polygon blockchain
27.4.2023
Franklin Templeton formally announced that the Franklin OnChain U.S. Government Money Fund (FOBXX) is now positioned on the Polygon blockchain. It is the very first U.S. registered mutual fund that will be utilizing a public blockchain to process transactions and note down share ownership. ...
Court Orders Crypto Exchanges to Aid in Investigation of Collapsed Globix Trader
26.4.2023
A court in the British Overseas Territory of Gibraltar has ordered several crypto exchanges to assist in the investigation of the collapsed crypto trading firm Globix.
Per a report from the Financial Times on Tuesday, investigators are seeking to track down $43 million in missing funds from...
FTX Bankruptcy Claims Another Casualty: Web3 Video Game Storybook Brawl Shuts Down – Here's the Latest
26.4.2023
At this point, one would have thought the FTX domino effect was over, but the latest report suggests the opposite.
After forcing many over-leveraged firms to close shop, the FTX liquidity crunch has claimed the another crypto-related business.
The latest Bloomberg report revealed that Storybook...
Celo joins Chainlink SCALE & enhances Celo’s ecosystem growth
26.4.2023
Soon after the Celo community approved, Celo announced its joining of Chainlink SCALE (Sustainable Chainlink Access for Layer 1 and 2 Enablement) program that will help speed up the adoption of the regenerative ecosystem of Celo. The initiative will also accelerate the growth of the ecosystem...
European Central Bank: Digital Euro to Offer 'Maximum Privacy,' Though Not as Much as Cash
25.4.2023
A new central bank digital currency (CBDC) in Europe would be designed with privacy in mind, although it would never be as private as cash is, according to a European Central Bank (ECB) official.
Speaking before the European Parliament’s Committee on Economic and Monetary Affairs on Monday,...
Billionaire Chamath Palihapitiya Declares 'Crypto is Dead in America' Amid Regulatory Pressure – What's the Solution?
25.4.2023
“Crypto is dead in America”.
That’s according to billionaire tech investor Chamath Palihapitiya, speaking on a recent episode of the All-In podcast.
Palihapitiya blamed the sorry state of crypto in the USA on the recent actions of regulators.
“Now you have (US Securities and Exchange Commission...
Latest CoinShares Report: Crypto Investment Funds See First Outflows in Over a Month – What's Going On?
25.4.2023
Crypto-backed investment funds saw outflows for the first time in 6 weeks last week as investors chose to take some chips off the table after seeing bitcoin (BTC) prices north of the $30,000 mark.
In total, $30.4 million were withdrawn on a net basis for the week from the crypto-backed investment...
Kucoin Exchange Twitter Account Hacked, Exchange Pledges to Reimburse Affected Users – Here's the Latest
24.4.2023
The official Twitter account of the KuCoin exchange experienced a malicious breach for about 45 minutes in the early hours of April 24, which resulted in users' loss of $22,628.
However, the platform has stated that it will implement stronger security features and reimburse affected...
Billionaire Arthur Hayes Claims Average Crypto User Prioritizes Ease of Use Over Decentralization – What Does This Mean for the Industry?
24.4.2023
Crypto billionaire Arthur Hayes believes that the average user of crypto attributes greater importance to ease of use over decentralization, raising questions over how this factor could impact on users' behavior and future crypto adoption.
“At the end of the day, the average person doesn't...
Sam Bankman-Fried's Lawyers Encounter Challenges Meeting Bail Conditions, Struggle to Monitor Parents' Phones
24.4.2023
Lawyers for disgraced FTX co-founder Sam Bankman-Fried are struggling to meet conditions for their client’s bail, including a requirement that phones used by Bankman-Fried’s parents take photos of the user “every five minutes.”
The problems with meeting the conditions of Bankman-Fried’s bail were...
Zilliqa to execute EVM adaptability on mainnet
24.4.2023
It will be the 25th of April, 2023, when Zilliqa will be executing the Ethereum Virtual Machine (EVM) adaptability on the mainnet. This will see it moving in the direction of creating further acceptance, as well as the overall growth pattern of the ecosystem. This scenario will witness the Solidity...
Decentralized Twitter Alternatives Bluesky and Nostr Experience Rapid Growth Amid Challenges – Will Blockchain Integration Take Them to the Next Level?
24.4.2023
The social media landscape is experiencing a significant shift as decentralized alternatives to Twitter, such as Bluesky and Nostr, are gaining quick traction.
Both platforms are backed by former Twitter CEO Jack Dorsey and promise users more control over their data, with open social networks free...
Bored Ape Yacht Club Copycats Dealt Legal Blow by US Court
23.4.2023
The hugely popular non-fungible token (NFT) maker of Bored Ape, Yuga Labs, has recently won its case against copycat Ryder Ripps.
According to court documents, Yuga Labs is said to have won on all counts.
The legal tussle which began last summer seems to have turned in the face of Yuga Labs. ...
Binance CEO Changpeng Zhao Leads Praise for EU's New Crypto Regulation, MiCA
22.4.2023
The European Union Parliament has passed into law its MiCA act, and big-time industry player and CEO of Binance Changpeng Zhao is raising support following the new crypto regulations.
The European Union Parliament has passed a bill into law to combat its long-standing battle against the crypto...
Crypto Exchange Gemini Ventures Outside The US With Plans For Derivatives Platform
22.4.2023
Despite an ongoing legal tussle with US authorities, Winklevoss Twins-owned crypto exchange Gemini has announced the launch of a crypto derivatives platform.
The new platform will only cater to crypto derivatives traders outside the North American nation.
In an April 21 blog post, the Gemini...