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Africa's blockchain journey begins with poverty alleviation - CEO Sumotrust
8.9.2023
Africa must erase the poverty in general and help people into the middle class in order to drive faster blockchain technology incorporation
SEC Settles Charges Against Linus Financial Over Unregistered Retail Crypto Lending Product
8.9.2023
The US Securities and Exchange Commission (SEC) announced Thursday that it will settle charges against Tennessee-based fintech firm Linus Financial over sales of an unregistered cryptocurrency lending product.
The regulator declared that it will abstain from imposing civil penalties against Linus...
Decentralized Infura launch within months, Web2 cloud giants may join: Consensys
8.9.2023
Decentralized Infura will consist of Infura and a decentralized market of other third-party data providers
China’s Social Media Giant Weibo Purges Crypto Content, Bans Users
8.9.2023
The Chinese social media titan Weibo has deleted 80 popular crypto-related accounts and removed “17,000 illegal profit-making-related posts” from its platform.
The firm’s operator Sina says Weibo has some 258 million daily active users.
It thrives in a nation where popular international social...
LBRY decides to fight: Blockchain firm files notice of appeal against SEC
8.9.2023
Blockchain-based file-sharing and payment network LBRY is planning to pick up the fight against the federal regulator again after losing the battle in November last year
Web3 made simple: Brinc joins forces with Cointelegraph Accelerator
8.9.2023
Brinc partners with Cointelegraph Accelerator to establish a two-way support bridge for startups developing the future of Web3
Bitcoin Witnesses Second-Highest Daily Ordinal Inscription Count as Inscriptions Near 30 Million
7.9.2023
While Bitcoin-based nonfungible token (NFT) sales have declined, and the network has dropped to seventh out of 23 blockchains in sales this past month, Ordinal inscriptions continue unabated. The number of inscriptions linked to the Bitcoin blockchain is nearing 30 million. On September 3, a record...
UK’s FCA to Extend Deadline for Crypto Firms to Implement Changes to Marketing Processes
7.9.2023
The UK’s Financial Conduct Authority (FCA) has pushed back the deadline for cryptoasset firms to implement certain rule changes to their crypto marketing processes.
In a new update announced Thursday, the watchdog clarified that the core crypto marketing rules including the ban on incentives like...
AI and blockchain will 'reshape sectors' and create new markets from scratch — Moody's
7.9.2023
According to an analysis from Moody's Investors Service, AI and distributed ledger technologies are set to disrupt companies, industries, and economies across the globe
Ex-FTX Co-Chief Executive Ryan Salame to Plead Guilty in Court – Will SBF Follow Suit?
7.9.2023
Former co-CEO of FTX Digital Market Ryan Dalame plans a guilty plea over criminal charges associated with the collapse of FTX in November.
According to a Bloomberg report citing people familiar with the matter, Dalame is expected to go forward with the plea on Sept 7 at a Manhattan Federal...
Crypto Project TON Foundation Completes Transition, Registers as Swiss Non-Profit
7.9.2023
The team overseeing The Open Network(TON) blockchain has completed its transition into a Swiss non-profit organization.
Per a press release from the TON Foundation, this marks a “next chapter for the TONcoin community” given Switzerland’s regulatory clarity for the crypto industry and its history...
Grayscale Revealed as Second-Largest BTC Entity by Arkham Intelligence
7.9.2023
In a September 6 thread on X, Arkham Intelligence, an on-chain analytics platform, asserted that Grayscale is the second-largest BTC entity worldwide with over 1,750 wallet addresses associated with the holdings of Grayscale Bitcoin Trust (GBTC).
Although each wallet contains less than 1,000...
Coinbase-Backed Insurance Alternative OpenCover Debuts on Layer 2 Blockchain Base
7.9.2023
OpenCover, which raised $4 million in a seed round led by the likes of NFX and Jump Crypto, received a $200,000 funding bump from Coinbase to bolster its debut on Base
EU Commissioner Wants Digital Euro Project To Be Approached After Next European Commission In 2024
7.9.2023
Mairead McGuinness, European Commissioner for Financial Stability, Financial Services and the Capital Markets Union says that the digital euro should not be rushed until the next Commission's parliamentary election.
Speaking at a think tank in Brussels on Sept 6, she stressed that a “slow...
Ark Invest, 21shares, and Vaneck Forge Ahead With Spot Ethereum ETF Applications
7.9.2023
The U.S. Securities and Exchange Commission (SEC) has temporarily postponed its ruling on seven bitcoin exchange-traded fund (ETF) applications. Meanwhile, a fresh wave of applications has emerged, with Ark Invest and 21shares, in addition to Vaneck, seeking approval for spot ethereum ETFs. These...
Tokenization Advocacy Group Wants to Bring the 'Next Trillion' of Assets to Blockchain
7.9.2023
Founding members such as Coinbase, Circle and Aave Companies aim to foster the use of blockchain technology for traditional assets
Coinbase and Framework Ventures invest $5 million in Socket!
7.9.2023
The prominent digital currency trading platform Coinbase, which also has a division for venture capital, is collaborating with the reputable blockchain company Socket. The primary objective of this partnership is to enhance the cross-chain capabilities of Coinbase’s flagship products, Base...
Blockchain, AI Set to Transform Financial Markets: Moody's
7.9.2023
Incorporating AI and DLT into business models may require "substantial investment" at first – but could help lower expenses and improve market liquidity over time, a new report said
Google Updates Crypto Ads Policy, Clarifies Rules for Blockchain Games
7.9.2023
Search engine behemoth Google has revised its advertisement policy on cryptos, allowing blockchain-based non-fungible token (NFT) ads, as long as they adhere to ad requirements and do not advocate gambling-related content....
Read More: Google Updates Crypto Ads Policy, Clarifies Rules...
Nigerian Blockchain Association Knocks Central Bank Over Failure To Implement A Crypto Strategy
7.9.2023
A group of Nigerian blockchain experts have criticized the nation's Central Bank for its decision to prohibit the use of cryptocurrencies in 2021.
At the recent Stakeholders in Blockchain Technology Association of Nigeria (SIBAN) Digital Assets Summit 2023 in the nation's capital, experts...