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Luxembourg Antitrust Authority to Probe Blockchain, Web3 Competition
6.6.2023
The market study may be the first of its kind to examine Web3 competition dynamics
10 industry insiders’ tips for devs who are new to blockchain coding
6.6.2023
If they start in the right place and leverage the many available resources, devs new to blockchain can become thriving community members
SEC Chair Gary Gensler Calls for Crypto Firms To Register Following Binance, Coinbase Charges
6.6.2023
Conversations with crypto firms have been constructive, but they also need to be compliant with securities laws, said US Securities and Exchange Commission Chair Gary Gensler.
Gensler spoke to CNBC Squawk Box on Tuesday morning, a mere hour or so after the agency announced charges against...
Swift and Chainlink Will Test Connecting Over a Dozen Financial Institutions to Blockchain Networks
6.6.2023
In a new set of experiments Swift will collaborate with major financial market institutions like Australia and New Zealand Banking Group Limited (ANZ), BNP Paribas, BNY Mellon, Citi, Clearstream, Euroclear and Lloyds Banking Group
The Rise of Cryptocurrencies in Arab Countries: Understanding Saudi Arabia's Latest Move
6.6.2023
With cryptocurrencies increasingly gaining a foothold across the Arab world, some industry analysts are examining how Saudi Arabia’s plan to join China’s New Development Bank, also known as the BRICS bank, could impact on diversifying the kingdom’s financial environment. ...
Read More: The Rise...
Grinding out a living: Can blockchain games really offer a sustainable income?
6.6.2023
Blockchain gaming executives believe the law has not yet caught up with the concept of earning a living through gaming
Breaking: Coinbase Sued by SEC Just a Day After Binance Lawsuit – Which Firm is Next?
6.6.2023
The US Securities and Exchange Commission threw a one-two punch to cryptocurrency exchanges this week, charging yet another exchange, Coinbase, Inc., on Tuesday.
The regulator said that Coinbase was operating its platform and was not registered in the capacity of an exchange, broker or clearing...
Binance Sees $700 Million in Ethereum Outflows Amid SEC Charges, Highest Since March Crypto Crisis
6.6.2023
The world’s largest crypto exchange, Binance, saw outflows of more than $700 million on the Ethereum network alone on Monday after news broke that the exchange is being sued by the US Securities and Exchange Commission (SEC).
The news of the outflows was shared by on-chain analysis platform Nansen...
Binance sees $778M net outflows on Ethereum blockchain amid SEC charges: Nansen
6.6.2023
The SEC lawsuit against Binance led to an outflow of over $700 million worth of assets on Ethereum in the past 24 hours with outflows from the exchange still dominating inflows
Japan Blockchain Week 2023 Supported by Ministry of Economy, Trade and Industry
6.6.2023
PRESS RELEASE. The Japanese Ministry of Economy, Trade and Industry (METI) has confirmed its support for Japan Blockchain Week 2023, establishing it as a significant platform for both the global and Japanese blockchain communities to convene, building upon the success of the previous year’s...
Russian P2P Crypto Market Is ‘Worth $296m a Day’ – Are Banks in Danger?
6.6.2023
The Russian P2P (peer-to-peer) crypto market is growing at a rapid pace, with a report claiming vendors can access “$296 million” worth of trades per day.
Per RB, the claim was made by Schard, a cryptoasset security platform, at a blockchain conference operated by the Russian banking giant Sber....
Japanese Banking Giant MUFG to Deploy Stablecoins on Public Blockchains
6.6.2023
Mitsubishi UFJ Financial Group (MUFG), the largest bank in Japan, announced its plans to deploy and distribute bank-backed stablecoins on different public blockchains. The Japanese bank has partnered with Datachain, a blockchain interoperability company, and Toki, a cross-chain bridge, to allow...
US CFTC Chair Behnam, Coinbase Chief Legal Among Others To Testify at House Hearing
6.6.2023
The US Commodity Futures Trading Commission Chair Rostin Behnam, Coinbase’s Chief Legal Officer Paul Grewal and a slew of former regulators are set to testify Tuesday morning in front of a US congressional committee.
The House Agriculture Committee will meet to discuss legislation to regulate...
Russia’s Rosbank Begins ‘Int’l Crypto Pay Pilot’ – Banks Joining Government’s Crypto Plan?
6.6.2023
The Russian megabank Rosbank says it has launched a “cross-border crypto payments” pilot.
Per RBC, Rosbank has become the “first major” Russian bank to launch cross-border payments services “in cryptocurrency.”
The bank has teamed up with a local crypto firm named B-Crypto for its initiative....
Atomic Wallet Hack: Team Claims No Assets Have Been Lost in More Than 40 Hours
6.6.2023
The Atomic Wallet team claimed on June 4 that the hacking incident in which digital assets worth nearly $35 million were stolen has only affected less than 1% of its monthly active users. The team also promised to report “victim addresses to major exchanges & blockchain analytics to trace...
The US SEC Sued Binance and CZ on Monday — What’s in the Complaint?
5.6.2023
A complaint by the US Securities and Exchange Commission filed against Binance and its CEO Changpeng Zhao unveiled a mix of stark revelations about the world’s largest crypto exchange from evading US laws to internal conversations about Binance.US.
The SEC sued Binance and Changpeng Zhao, also...
China's Web3 Stance: A Glimpse into the Future?
5.6.2023
China's perspective on web3 has come to light through a recently released white paper that suggests China is open to incorporating web3 into its future internet.
In the paper, the term “Internet 3.0” is defined as a "three-dimensional space that combines virtual and real realms with a highly...
Bitcoin Developers Divided Over How to Deal with Meme Coin Explosion – What's Going On?
5.6.2023
While many celebrate Bitcoin (BTC)’s plethora of new applications related to its new “Ordinals” protocol, developers maintaining the network’s source code are in disarray on the matter.
Critics claim that new types of transactions beyond simple Bitcoin transactions are clogging the blockchain...
Japan Blockchain Week 2023 Receives Backing from the Ministry of Economy, Trade and Industry
5.6.2023
The Japan Blockchain Week 2023 in Tokyo will commence on June 18 to July 9, 2023. And according to the Chainwire report, the Japanese Ministry of Economy, Trade and Industry (METI) is backing this year’s edition.
This development comes amid the growing need for clearer regulatory pathways...
Crypto Prices crashing after SEC Sues Binance, These Presales Still Pumping – Here's Why
5.6.2023
Cryptocurrency markets just experienced a big intraday drop in response to the US Securities and Exchange Commission (SEC) revealing that it has sued Binance, its US subsidiary Binance.US and the exchange’s founder Changpeng Zhao (CZ).
Bitcoin (BTC) was last trading close to 5% lower on the day...