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US Treasury Report Warns of Defi’s Threat to National Security, Authors Conclude Fiat Is Used in Illicit Finance More Than Crypto
6.4.2023
The U.S. Treasury has released a 42-page report assessing the risks of decentralized finance (defi). The report states that specific nation-state adversaries, cybercriminals, ransomware attackers, thieves, and scammers are using defi to “transfer and launder their illicit proceeds.”...
New York Finance Regulator Clarifies: Signature Bank Shutdown Unrelated to Crypto Activities – Bullish for the Industry?
6.4.2023
The idea that the closure of Signature Bank was in any way an attempt to target the crypto sector is “ludicrous,” the Superintendent of the New York Department of Financial Services (NYDFS) has said....
Read More: New York Finance Regulator Clarifies: Signature Bank Shutdown Unrelated to Crypto...
Japan Approves Web3 White Paper to Promote Industry Growth in the Country
6.4.2023
The white paper proposes more tax reform, clearer accounting standards and a DAO law
Yellen Says US ‘Not Willing to Allow Contagious Bank Runs,’ Calls OPEC Oil Production Cut ‘Unconstructive’
6.4.2023
Roughly 26 days ago and in the following days, the U.S. witnessed two significant bank failures when Silicon Valley Bank and Signature Bank collapsed. After speaking at an event on Monday at Yale University, Janet Yellen, the current U.S. Treasury secretary, told reporters that she was closely...
NFTs in the event and ticketing industry: How can it sustain millions of users?
5.4.2023
Here’s calling out to the entertainers and event experts — let’s bid adieu to the ticketing troubles that have plagued you and work together to get everyone tickets to the next gig
Dear Ripple, Don’t Settle: Embrace the Opportunity to Shape Crypto’s Future
5.4.2023
As Ripple and the U.S. Securities and Exchange Commission (SEC) persist in their legal dispute over XRP’s classification as a security, the consequences for both parties and the wider cryptocurrency market cannot be understated. This case offers a unique opportunity to attain much-needed...
FINEXPO brings fintech industry leaders and enthusiasts together at FinTech Festival Asia 2023
5.4.2023
FINEXPO, the world’s leading event organizer, announced today that it is hosting its first-ever FinTech Festival Asia (FTF Asia) on 27 and 28 September 2023 at the Royal Paragon Hall in Bangkok, Thailand. The FinTech Festival Asia 2023, held by FINEXPO, is an exciting two-day event filled...
P2P Bitcoin Exchange Paxful Suspends Marketplace With Uncertainty of Return
4.4.2023
According to a message from Paxful Founder and CEO, Ray Youssef, the peer-to-peer bitcoin trading platform is suspending its marketplace, and the company is uncertain if it will return. Youssef cited challenges such as regulations and some key staff departures, but he also noted that he could...
PayPal and the credit card industry are taking advantage of consumers
4.4.2023
Stablecoins offer a way for consumers — particularly Americans — to escape the financial industry’s punitive transaction fees
Dragonfly Capital invests $10M in Bitget amid industry recovery
4.4.2023
The exchange currently facilitates cryptocurrency derivatives trading with an open interest of $2.4 billion and has plans to expand its spot trading, launchpad and Bitget Earn products
The Crypto Industry Needs to Fix Itself Before It Can Progress
3.4.2023
The Metaverse Faces Uphill Battle as Tech Giants Struggle to Turn Concept into Reality – Can the Industry be Saved?
3.4.2023
While tech giants continue to pour billions into the Metaverse’s development, industry observers caution that it could take years before the concept lives up to its promise. However, they also say that the technology’s nascent stage allows its developers to try to avoid repeating the mistakes that...
Crypto ATM Numbers Drop by 13.91% Since December 2022, Over 3,600 Went Offline in March
2.4.2023
According to data from the cryptocurrency automated teller machine (ATM) aggregation website Coin ATM Radar, over 3,600 crypto ATMs went offline in March. Since the end of 2022, the number of crypto ATMs has declined by 13.91% in the last three months. Crypto ATM Numbers Decline in 2023 According...
March Bitcoin Mining Stats Show Climbing Revenue and Hashrate Highs
1.4.2023
According to statistics, 4,498 blocks have been mined in the last 30 days, creating 28,112 new bitcoins over the past month. Bitcoin’s network hashrate has been around 341 exahash per second (EH/s) during the last 2,016 blocks or the last two weeks. This month, the mining pools Foundry...
Tech Industry Leaders Call for AI Labs to Pause Development for Safety, Coinbase CEO Disagrees
1.4.2023
This week, 2,600 tech industry moguls and entrepreneurs, including Elon Musk, Gary Marcus, and Steve Wozniak, signed an open letter requesting artificial intelligence (AI) labs to pause research and development for six months. The signatories believe that safety programs and regulations need to...
New Report: Bankruptcy Markets Thrive Amid Crypto Industry Turmoil Following FTX's Collapse
31.3.2023
Users of failed crypto exchanges and funds are selling their claims for a fraction of their paper value, creating a thriving market for bankruptcy claims.
The 2022 crypto meltdown affected some of the most prominent digital asset firms, leading to the collapse of dozens of high-profile crypto...
How a TikTok ban in the US could affect the crypto industry
31.3.2023
YouTuber CryptoWendyO believes the TikTok ban is not really about TikTok, and could be used to go after the crypto space itself
Here’s how the crypto industry is using artificial intelligence
31.3.2023
The rise of artificial intelligence (AI) though in its early stages has found use cases in crypto through countless projects
Gary Gensler: SEC Needs New Tools, Expertise, and Resources to Regulate Crypto Industry
31.3.2023
U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler said in a congressional hearing that the securities regulator “requires new tools, expertise, and resources” to combat misconduct in the crypto space. “We’ve seen the Wild West of the crypto markets, rife with...
French Crypto Influencer Ban Will Harm Country’s Attractiveness, Industry Group Says
30.3.2023
Proposals to stop social media stars promoting unlicensed companies were approved by the National Assembly Thursday