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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...
FTX Data Breach Update: Sensitive Information Was Leaked – Here's the Latest
31.8.2023
Sensitive details about FTX customers were compromised during the security breach at FTX’s bankruptcy claims agent Kroll earlier this month, despite Kroll initially claiming only “non-sensitive” was leaked.
The confirmation that the leaked details included information many people would categorize...
Major Singapore Banks Named in $740 Million Money-Laundering Scandal in Which Police Seized Millions in Crypto
31.8.2023
Top local and international banks in Singapore have found themselves entangled in one of the city-state’s biggest money-laundering scandals, encompassing over $740 million.
Recent chargesheet filed against 10 individuals have unveiled a web of illicit financial activities that have implicated...
Swift, Chainlink Tokenization Experiment Successfully Transfers Value Across Multiple Blockchains
31.8.2023
Swift and Chainlink announced in June they were collaborating with dozens of financial institutions to test connecting blockchains
Bitcoin Holdings on Crypto Exchanges Dwindle to 2M, Fewest Since January 2018
31.8.2023
The number of BTC held in wallets tied to crypto exchanges has declined by 4% this month, data tracked by CryptoQuant show
Gemini and Two Other Creditor Groups Object to Genesis' Bankruptcy Resolution Proposal
31.8.2023
Crypto exchange Gemini has objected to Genesis' bankruptcy resolution proposal, claiming that the plan lacks necessary specifics and fails to offer adequate assurances to its major debtors.
Gemini has joined two other creditor groups in objecting to the proposed agreement.
As reported earlier...
South Korean Prosecutors Seek Arrest Warrants for Golf Star & Bithumb Exec
31.8.2023
South Korean prosecutors have asked a court to arrest an ex-pro golfer and a top executive at Bithumb, one of the country’s leading crypto exchanges.
YTN reported that the Seoul Southern District Prosecutors’ Office’s Financial Investigation Department wants to try golfer Ahn Seong-hyun and...
Worldcoin Sets New Sign-Up Record in Argentina Despite Ongoing Investigation Over Data Privacy
31.8.2023
Worldcoin, co-founded by Sam Altman, has reported a single-day record of approximately 9,500 Argentinians successfully verifying their World ID despite ongoing investigations into the project over data privacy concerns.
Worldcoin sign-ups in Argentina, averaging at one verified individual every...
Green Bitcoin Mining: Nodal Power Secures $13M for Landfill Gas Conversion
30.8.2023
Utah-based Nodal Power, which specializes in turning landfill gas into energy for powering bitcoin (BTC) mining hubs, recently announced a successful $13 million seed round backed by strategic investors. Bryan Black, Nodal’s CEO, stressed the technology’s “potential to make...
Elon Musk's X Social Media Platform Acquires Crypto Payments License
30.8.2023
The social media platform X, formerly known as Twitter, has acquired a regulatory license that enables it to process cryptocurrency payments in the US.
The specific license is the Rhode Island Currency Transmitter License, issued to X on August 28, according to publicly available data from...
BlockFi Seeks Court Approval to Convert Users’ “Trade-Only” Wallet Assets to Withdrawable Stablecoins
30.8.2023
Bankrupt crypto lender BlockFi has filed a motion for order in the US bankruptcy court for the District of New Jersey, seeking permission to convert "trade-only" wallet assets into stablecoins, “that wallet users could then withdraw.”
According to the proposal, these assets comprise less than...
A Guide to TradFi Blockchain Adoption
30.8.2023
As financial institutions look to come on-chain, total value locked, or TVL, is anticipated to be the leading indicator of where adoption will occur