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The ultimate Polygon CDK guide for Sovereign L2 Scaling
2.11.2023
Polygon Labs recently released a full-fledged guide on Polygon CDK sovereign L2 scaling. The guide was shared on the official X/Twitter channel of Polygon. The tweet stated how the Polygon Chain Development Kit allows developers to design and release Zk L2s on Ethereum. Now, Polygon is trying...
PayPal Faces Regulatory Scrutiny as SEC Subpoenas PYUSD Stablecoin
2.11.2023
The United States Securities and Exchange Commission (SEC) has issued a subpoena to global payment giant, PayPal over its newly launched stablecoin, PYUSD. On Nov 2, PayPal Holdings announced that it received a subpoena from the enforcement arm of the SEC tied to its U.S. dollar stablecoin...
Adidas and Bugatti Collaborate on Limited-Edition Soccer Shoes with Digital Twins
2.11.2023
Luxury carmaker Bugatti and shoe giant Adidas have partnered to auction a limited-edition football shoe, which will come with a digital twin. According to the announcement, the two companies have joined hands to create “a stunning, limited edition football boot.” The so-called...
Abu Dhabi Global Market Unveils New Regulations for Web3 Firms
2.11.2023
Abu Dhabi seeks to beef up its web3 landscape with new guidelines for blockchain-based firms as its crypto hub is projected to grow in the coming months. The Abu Dhabi Global Market (ADGM) announced new rules that create numerous blockchain foundations and how they operate within the jurisdiction...
Modulus Labs Completes $6.3 Million Funding to Integrate Cryptographic Security Into AI
2.11.2023
Artificial Intelligence (AI) startup Modulus Labs, a project that integrates AI and crypto, has raised $6.3 million in seed funding. The project announced the launch of its formal debut on Wednesday, following the funding round, led by key crypto investors. The platform is backed by crypto venture...
TradFi gets crypto boost: Renegade joins Cointelegraph Accelerator
2.11.2023
Cointelegraph Accelerator welcomes Web3-friendly fintech platform Renegade to its program
Tokenized Future: Hong Kong’s Regulatory Shifts Towards Digital Assets
2.11.2023
Hong Kong is mapping out clear guidelines for tokenization and digital assets. The city aims to achieve a mix of innovation and consumer protection for both the developers and the users. This initiative, as part of a broader push, is steered towards placing Hong Kong at the center of fintech...
JPEX Scandal Won’t Deter Hong Kong’s Web3 Market Development, Says Treasury Secretary
2.11.2023
Amidst the $213 million scandal involving the cryptocurrency exchange JPEX, the Hong Kong government has maintained its commitment to advancing its Web3 vision for the region. Christopher Hui, the Secretary for Financial Services and the Treasury of Hong Kong, assured the city’s vision...
Binance to Opt Out of Ruble Payment Deal with Advcash Amid Russian Exit
2.11.2023
Binance is planning to end its partnership with the payment provider Advcash, putting a stop to the ruble-based transactions, according to the Wall Street Journal. This move is in line with the crypto exchange’s ongoing strategy to exit the Russian market. Binance’s collaboration with...
MicroStrategy Acquires Additional 155 Bitcoin Worth $5.3 Million in October
2.11.2023
The prominent business intelligence and software company MicroStrategy reaffirmed its unwavering dedication to Bitcoin with the recent acquisition of an additional 155 BTC at a total cost of $5.3 million. On November 1, MicroStrategy’s chairman and founder, Michael Saylor, revealed that...
Report: Lazarus Group Deploys New ‘Kandykorn’ Malware in Crypto Exchange Attack
2.11.2023
The state-sponsored North Korean hacker group Lazarus Group used a new type of malware called “Kandykorn” to target a cryptocurrency exchange. On October 31, Elastic Security Labs reported that the notorious Lazarus Group used a new type of malicious software (malware) called...
Visa Successfully Concludes CBDC Pilot Program in Hong Kong with HSBC and Hang Seng Bank
2.11.2023
Visa, a global leader in payments technology, has announced the successful completion of a pilot test of tokenized deposits using central bank digital currencies (CBDCs). On November 1, Visa announced that it had completed the Hong Kong Monetary Authority’s CBDC pilot program with leading...
Number of Russian Crypto Transactions ‘Has Tripled in 2023,’ Says Kremlin
2.11.2023
The Kremlin believes the number of crypto transactions conducted in Russia has risen by three times in 2023, with transfer volumes “doubling.” The claims were made by Yuri Chikhanchin, the head of Rosfinmonitoring, in an interview with the Russian media outlet Izvestia. Formally known...
The Prosecution and the Defense in SBF Trial Face-off during Closing Arguments
1.11.2023
Defense attorney Mark Cohen claimed the prosecution in the trial of FTX founder Sam Bankman-Fried “has sought to turn Sam into some sort of monster.” The defense likened the prosecution’s characterization of Bankman-Fried as a villain in a movie while failing to take “a...
Worldcoin’s World App Hits 1M MAU Six Months After Launch
1.11.2023
Six weeks after its launch, Worldcoin’s crypto wallet app, the World App, has reached over one million active users (MAUs) and achieved over four million downloads. World App has topped 4 million downloads in 6 months, making it one of the most popular hot wallets in the world....
Breaking: Some Multichain transactions are confirmed as queue unwinds
1.11.2023
Prior to November 1, the last transactions has taken place more than 117 days ago, according to Multichain's explorer tool
Celestia Project Surpasses $370M Market Cap Following Highly Anticipated Launch
1.11.2023
Celestia , a project focused on data availability in blockchain, launched its mainnet on Tuesday. Originating from a 2019 research paper by Mustafa Al-Bassam, the project has seen its market capitalization reach over $370 million overnight. The buildup to Celestia’s mainnet launch was defined...
Coinbase Rolls Out Bitcoin and ETH Futures for US Investors
1.11.2023
Popular cryptocurrency exchange Coinbase has announced the launch of its native Bitcoin and Ethereum futures contracts for US retail traders. In a November 1 blog post, the US-based Bitcoin trading hub stated that the service is being rolled out via the Coinbase Advanced platform. Now, retail...
Turkey Aims to Leave FATF Grey List with Proposed Crypto Asset Legislation
1.11.2023
Turkey is taking steps to toughen its crypto regulations in an effort to convince the Financial Action Task Force (FATF), an international financial crime watchdog, to remove it from the “grey list” of countries that have not done enough to combat money laundering and terrorist...
Prosecution Eviscerates SBF during Closing Arguments: “He Built a Pyramid of Deceit”
1.11.2023
Assistant U.S. Attorney Nicolas Roos, began closing arguments in the case against Sam Bankman-Fried this morning by claiming the FTX founder built a crypto exchange based on fraud. “He built a pyramid of deceit on a foundation of lies and false promises,” Roos said. “And when...