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Crypto Assets Should Be Classified as Securities, Says European Parliament Study
2.6.2023
A study commissioned by the European Parliament has proposed that all crypto assets should be treated as transferable securities by default.
To avoid being classified as a security, the study’s authors proposed that the intermediary behind a crypto asset can get an exemption from a national...
Blockchain Association Files Amicus Brief in Coin Center Lawsuit Against U.S. Treasury Over Tornado Cash Sanctions
2.6.2023
In a statement, the trade group’s CEO Kristin Smith, said that regulatory actions should only target bad actors
House Republican Leaders Release Discussion Draft To Draw Clear Lines on Digital Asset Definitions
2.6.2023
Republican lawmakers teamed up in the US House Financial Services Committee and the House Agriculture Committee on a discussion draft to regulate digital assets.
The legislation, released on Friday, seeks clarity on when a digital asset would be considered a security and thereby regulated by...
Billionaire Justin Sun Says Huobi's ID Token Could Grant Citizenship in Dominica – Here's What You Need to Know
2.6.2023
Billionaire Tron (TRX) founder Justin Sun has predicted that tokenized know-your-customer (KYC) checks will become increasingly prevalent as regulations tighten, while offering his own identity token that grants holders "citizenship" in Dominica’s metaverse....
Read More: Billionaire Justin...
Bridge Exploits Cost $2B in 2022, Here’s How They Could Have Been Averted
2.6.2023
The bridges that are essential to our multi-chain cryptoverse are vulnerable to hacks. But an analysis of some of the biggest exploits of the past year reveals that applying multiple security measures in combination could have blocked the attacks, writes Gnosis co-founder Martin Koppelmann
Taurus deploys on Polygon blockchain for asset tokenization and custody
2.6.2023
Taurus raised $65 million in a funding round three months ago. Its clients can now issue digital securities automatically
TikTok Influencer Uses Bitcoin to Launder Fraudulent COVID Relief Funds - Here’s What Happened
2.6.2023
Denish Sahadevan, a 31-year-old social media influencer, has pleaded guilty to a series of criminal charges related to money laundering using cryptocurrency.
The US prosecutors have alleged that Sahadevan fraudulently obtained more than $1.2 million in government relief loans.
On May 31, the...
Animoca Brands' Chairman Attributes Delayed 2020 Accounts to Recent Turbulence
2.6.2023
A leading Hong Kong-based blockchain gaming and Web3 investor, Animoca Brands, has delayed its financial report since 2020.
The firm received an extension until the end of Q1 2023 to publish its 2020 audited accounts but has yet to do so.
In a recent report, the company’s chairman, Yat...
US Regulator Sets It Sights on Crypto Risks in Potential Risk Management Rules
2.6.2023
The US Commodity Futures Trading Commission is taking a closer look at its rules governing risk management, with an eye towards digital assets.
The agency published an advanced notice of proposed rulemaking on Thursday, asking for public comment on risk management requirements for swap dealers...
Circle Set to Launch USDC Stablecoin on Ethereum Scaling Solution Arbitrum – Stablecoin Adoption on the Rise?
2.6.2023
Circle, the US-based payments firm which issues the USD coin (USDC) stablecoin, is set to launch its coin natively on Arbitrum, an Ethereum (ETH) scaling solution, with the kick off scheduled for June 8.
In a statement released on June 1, Arbitrum Foundation said that USDC issued by Circle is...
Web3 gaming gets competitive edge as Maniac Panda Games joins Cointelegraph Accelerator
2.6.2023
European game studio Maniac Panda Games aims to onboard mainstream players to Web3 with its flagship MMO title
Credit Suisse, Deutsche Bank-Backed Taurus Deploys on Polygon Blockchain
2.6.2023
The Swiss firm aims to allow financial institutions and corporates to issue tokenized assets on the Ethereum layer 2 network
Ankr to be the main RPC provider for Chiliz
2.6.2023
Per the recent announcement by Chiliz, the layer-1 blockchain has selected Ankr to become its main RPC Provider. Meaning, Ankr will be responsible for bridging blockchain applications to the actual blockchain. Blockchain applications include decentralized applications, crypto wallets,...
Crypto Investors Lost $54M to Rugpulls, Scams in May: Blockchain Security Firm De.Fi
2.6.2023
May saw fewer exploits than April, suggesting better security practices among crypto users and developers
Quantum Computing Meets Blockchain: Scientists Propose New Version of Proof of Work Consensus – Future of Crypto?
2.6.2023
A newly published research paper from a team of researchers from Australian and American universities, in collaboration with quantum technology company BTQ, has proposed a new approach to the proof-of-work (PoW) consensus mechanism based on boson sampling.
The proposed proof-of-work system, known...
USDC Goes L2: Circle’s Stablecoin to Make Its Native Debut on Arbitrum
2.6.2023
Stablecoin provider, Circle Internet Financial, has revealed that its dollar-pegged token, USDC, will be natively introduced on the layer two (L2) blockchain Arbitrum on June 8. The announcement follows Circle’s disclosure of its euro-pegged coin, EUROC, merging with the Avalanche blockchain...
F1's Oracle Red Bull Racing Teams Up with Sui Blockchain in New Sponsorship Deal – Crypto Bull Market Back Again?
2.6.2023
The Sui network, backed by Mysten Labs, has announced a multiyear partnership with the Red Bull Formula One Racing team.
Oracle Red Bull Racing signed the deal with Web-3 focused software company Mysten Labs to build on Layer 1 blockchain and smart contract platform Sui, which became the team's...
US Consumer Protection Agency Issues Warning on Payment Apps Following Collapses of Crypto Firms, Banks
2.6.2023
The US Consumer Financial Protection Bureau issued a warning on Thursday for people using person-to-person services to store funds, reminding them that they are not federally insured, in the wake of FTX and multiple bank collapses.
Transaction volumes on payment apps have “substantially...
More Colombians Taking to Crypto, Claims Exchange – Next LATAM Nation to Adopt?
2.6.2023
Colombians are increasingly taking crypto, one of Latin America’s biggest crypto exchanges has claimed.
Per Criptonoticias, the Bitso trading platform says it has increased the number of its individual retail clients “by 10 times” since this time last year.
Bitso opened its offices in Colombia...
Qatar Needs To Make Some ‘Major Improvements’: Money Laundering Watchdog Says
1.6.2023
Qatar needs to make some “major improvements,” on how it responds to terrorist financing, according to a global money laundering and terrorist financing watchdog.
The Financial Action Task Force accused Qatar of not having enough controls and needs to better understand “more complex forms of money...