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China Court Classifies Digital Assets As Property Despite Blanket Ban By Government
1.9.2023
A People’s Court in China has stated that under the existing legal framework, digital assets have economic value and are still legal property backed by law.
In a recently published report cited by local media analyzing the legality of cryptocurrencies, the court highlighting the criminal...
Navin Vethanayagam, Chief Brain at IQ.wiki, on The Future of AI & Blockchain, Friend.tech, and Grayscale Bitcoin ETF | Ep. 261
1.9.2023
In an exclusive interview with cryptonews.com, Navin Vethanayagam, Chief Brain of IQ.wiki, talks about The future of AI x blockchain, the disruptive potential of collaborative AI-blockchain applications, and blockchain's role in restoring trust by tracking and verifying content...
StarkWare, Herodotus launch tech to verify data from any point in Ethereum's history
1.9.2023
Storage Proofs could prove useful for services like account recovery tapping into the ability to access and verify historical Ethereum data
French Data Watchdog Conducts 'Inspections' at Worldcoin's Office in Paris
1.9.2023
France's data watchdog, CNIL, made an unannounced visit to the office of Worldcoin in Paris this week, intensifying the scrutiny surrounding the cryptocurrency project's controversial privacy practices.
The surprise inspection took place at Worldcoin's Orb center, a facility where individuals'...
Swift unleashes the power of tokenization
1.9.2023
Swift is carrying out multiple experiments to unravel the sheer power of tokenization. The exposure is on the framework that is able to effortlessly initiate the shifting of tokenized value throughout various public and private blockchains. The experimentation will help to do away with...
Crypto Exchange OKX Looks to Expand into India
1.9.2023
Seychelles-based crypto exchange OKX is looking to expand into India despite the uncertain regulatory environment.
In an interview with CoinDesk, OKX’s chief marketing officer confirmed that the exchange is planning to foray into India’s web3 space and recruit local staff.
The crypto exchange...
Web3 Loses $1.2 Billion to Hacks and Rug Pulls so far in 2023: Report
1.9.2023
Web 3 platforms have lost over $1.2 billion so far this year in hacks and rugs pulls, according to a report from web3 bug bounty platform Immunefi.
The report revealed a total of 211 separate incidents contributing to this massive sum, with the month of August alone accounting for $23.4 million...
Binance's Asia-Pacific Head Departs Amidst Market Share Decline and Regulatory Pressures
1.9.2023
According to Bloomberg's sources, Leon Foong, who served as the head of Binance Asia-Pacific, is leaving his position at the world's largest cryptocurrency exchange.
Foong was crucial in Binance's growth in South Korea, Thailand, and Japan. While an official announcement is pending, insiders have...
Nexo Launches a Crypto-Powered Debit and Credit Mastercard for the European Economic Area (EEA)
1.9.2023
In partnership with Mastercard, Nexo launched the world's first "Dual Mode Crypto Card," offering debit and credit functionalities for European Economic Area (EEA) citizens on August 31.
The Nexo "Dual Mode Crypto" Card offers users the ability to optimize tax responsibilities by utilizing Credit...
Court Ruling in Favor of Grayscale Clears Path for Bitcoin Innovation in US: Vivek Ramaswamy
1.9.2023
Grayscale’s court win over the U.S. securities regulator will help keep crypto innovation in America, Republican presidential hopeful Vivek Ramaswamy is convinced. While praising the “strong decision,” Ramaswamy also commented that the case should have never reached the courts. Federal Courts...
Amazon's Free NFT Giveaway: Here's How to Claim Your Loot
31.8.2023
Amazon Prime is dishing out free gaming NFTs to its subscribers through its Prime gaming portal.
The $15 per month subscription lets users claim a variety of free NFTs available on the site, which can also be used in their blockchain's respective games. Items range from special skins to playable...
Bank Messaging Firm SWIFT Leans Toward Blockchain Integration Over Unifying Tokenization After Experiments – Here's the Latest
31.8.2023
Bank messaging network SWIFT has said that blockchain interoperability is a better approach in the short term to financial solutions than uniting Central Bank Digital Currencies (CBDC) and other assets into a single ledger.
In a recent release, “Connecting blockchains: Overcoming fragmentation...
Sam Bankman-Fried's Lawyers Fail to Secure Jail Release Amid Trial Prep Woes
31.8.2023
A judge has denied a request by defense lawyers to release disgraced former FTX CEO Sam Bankman-Fried from jail to help him prepare for the upcoming court case.
At a hearing on Wednesday, Bankman-Fried's lawyers urged for his release, emphasizing the need to utilize his time more efficiently...
Pro-Bitcoin Presidential Candidate Vivek Ramaswamy Praises Grayscale's Victory for Bitcoin and Blockchain Innovation in the US
31.8.2023
Vivek Ramaswamy, a Republican Presidential candidate, commended Grayscale's recent legal victory against the federal securities regulator, stating that the decision would play a role in retaining Bitcoin and blockchain innovation within the United States rather than abroad.
Grayscale had achieved...
Bloomberg Report: Binance Japan plans to increase number of listed tokens to 100
31.8.2023
According to a Bloomberg report, Binance Japan, the Japanese arm of the world's largest crypto exchange, which recently launched full services, now plans to significantly expand its token offerings, aiming to present a minimum of 100 tokens soon. This intended increase is approximately three times...
GTA owner joins Web3, Bitcoin casino, Sunflower Land review: Web3 Gamer
31.8.2023
Grand Theft Auto’s parent company launches new blockchain game. Plus: Bitcoin casino, FarmVille-like Sunflower Land game reviewed, and more
Swift says blockchain integration 'more plausible' than unifying CBDCs
31.8.2023
Swift claims that interlinking existing systems with blockchains is better for the short term than bringing CBDCs together with tokenized assets in a single ledger
Aerodrome Fanatics Deposit $150M to Base Blockchain on First Day
31.8.2023
Its creators hope to emulate the apparent success of Velodrome, one of Optimism network’s most used platforms which holds over $288 million in locked value
Web3 Lawyer Predicts US Crypto Upturn After Key Industry Wins This Year
31.8.2023
Digital asset lawyer Jeremy McLaughlin has expressed optimism on a re-ignition of the United States cryptocurrency market following landmark wins recorded by Ripple and Grayscale over the Securities and Exchange Commission (SEC).
Speaking on Aug. 31 at an Intersekt23 panel in Melbourne...
Ramping up Blockchain Education Can Help Make South Korea the World’s Crypto Leader, Says Hashed CPO Edward Hong
31.8.2023
According to Edward Hong, the chief platform officer (CPO) at the early-stage venture firm Hashed, South Korea’s decision to delay putting in place a comprehensive crypto regulatory framework seems to be more of a strategic move rather than hesitation. Hong insisted that the perceived delay...