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New FTX CEO Discusses Possibility of Rebooting Defunct Crypto Exchange in First Interview Since Taking Over
19.1.2023
Following recent disclosure that FTX debtors and bankruptcy administrators located $5.5 billion in liquid assets, the new FTX CEO John J. Ray III discussed the business in his first interview since taking over the exchange’s restructuring process. Ray detailed during the interview that he...
Iran and Russia Consider Issuing Gold-Backed Stablecoin, Officials Unveil
18.1.2023
Tehran and Moscow are discussing the possible launch of a stablecoin for international settlements, the Russian press revealed. In order to mint the gold-backed currency, however, authorities would need to first regulate crypto assets, a lawmaker noted. Russian, Iranian Representatives Talk Using...
SBF Fights for Robinhood Shares — Says He Needs Them More Than FTX Customers Who Only Suffer ‘Possibility of Economic Loss’
9.1.2023
Disgraced FTX founder Sam Bankman-Fried (SBF) is attempting to regain access to his Robinhood shares, worth over $460 million. The former CEO of the collapsed crypto exchange claimed that he needs them to “pay for his criminal defense,” stressing that without them the consequences would...
Indian Central Bank: Developing Global Crypto Regulation Is a Priority for G20 Under India’s Presidency
1.1.2023
The Reserve Bank of India (RBI) says one of the priorities for the G20 under India’s presidency is to “develop a framework for global regulation, including the possibility of prohibition, of unbacked crypto assets, stablecoins, and defi.” The Indian central bank warned that...
US Senate banking chair floats possibility of banning crypto
19.12.2022
Despite suggesting a possible ban, U.S. Senator Sherrod Brown stated it would be “very difficult” to implement because activity “would go offshore.”
Nobel Prize Laureate Paul Krugman Warns of an Eternal Winter for Blockchain
4.12.2022
Nobel Prize-winning economist Paul Krugman has warned about the possibility of a perennial winter for blockchain projects, including crypto. In a recent article published in the New York Times (NYT), the economist criticizes blockchain as a tech and its uses citing several signs that he believes...
St. Kitts and Nevis to Explore Possibility of Making Bitcoin Cash Legal Tender by March 2023
14.11.2022
St. Kitts and Nevis will explore the possibility of making bitcoin cash legal tender by March 2023. The statement was made by St. Kitts and Nevis Prime Minister Terrance Drew as part of the Bitcoin Cash 2022 Conference held in the country, declaring that Bitcoin Cash mining activities will also...
Largest Japanese Bank MUFG Projects to Offer Financial Services in Metaverse by 2023
9.11.2022
MUFG, the biggest bank in Japan, is projecting to offer financial services through the metaverse in 2023. The financial giant has partnered with ANA Holdings, a holdings consortium focused on air transportation companies, to be part of ANA’s Granwhale metaverse, and explore the possibility...
‘No Possibility’ that Wemix Will Be Delisted in S Korea, Says Gaming Giant WeMade
3.11.2022
The South Korean gaming giant WeMade has claimed there is “no chance” its wemix token will be delisted by the nation’s leading crypto exchanges – despite the fact that it has been placed on a watchlist....
Read More: ‘No Possibility’ that Wemix Will Be Delisted in S Korea, Says Gaming Giant WeMade
Core Scientific Shares Downgraded After SEC Filing Hints at Possible Bankruptcy
30.10.2022
One of the largest publicly listed bitcoin miners, Core Scientific, has shaken investors with a recent filing with the U.S. Securities and Exchange Commission that raises the possibility the company may apply for bankruptcy protection. The filing notes that Core Scientific will be unable to...
Interpol Launches Police-Focused Metaverse
21.10.2022
Interpol, the International Criminal Police Organization, has announced the launch of the supposed first police metaverse experience. This new virtual world, which allows users to visit the offices of the institution in Lyon, aims to advance the understanding of metaverse-related crimes and opens...
Brazilian City of Curitiba Mulls Crypto Acceptance for Tax Payments
17.10.2022
The city of Curitiba, in Brazil, is now studying the possibility of accepting cryptocurrency payments for taxes. Noemia Rocha, a city councilor for Curitiba, presented this project to the executive to study the method by which the municipality could accept cryptocurrencies for these payments using...
Spanish Telecom Giant Telefonica Partners With Qualcomm to Develop Joint Metaverse Initiatives
27.9.2022
Telefonica, one of the largest telecom carriers in Spain, and Qualcomm, the fabless chip designer, have inked a partnership to advance joint extended reality and metaverse initiatives. Telefonica will use Snapdragon Spaces, a new technology from Qualcomm, to bring these metaverse experiences to...
IMF Bailout Could Be in UK’s Future, Says Strategist
8.9.2022
Mizuho Securities’ head of global macro strategies has warned that an IMF bailout may be in the U.K.’s future. Moreover, a former chancellor of the exchequer cautioned that Britain is entering a long and severe recession, emphasizing that it’s “the worst since 1990...
Ethereum’s Pivot to Proof-of-Stake Consensus Worries Users About the Possibility of Protocol Level Censorship
22.8.2022
The upcoming consensus change that Ethereum, the second largest cryptocurrency by market cap, is planning to execute in September has worried many users about the possibility of censorship happening at a protocol level. This means that, even by interacting directly with smart contracts, blacklisted...
Soccer Clubs FC Barcelona and Real Madrid File Joint Trademark Application for Metaverse Activities
13.8.2022
Two of the biggest soccer clubs in Spain, Real Madrid and FC Barcelona, have applied to receive trademarks for some elements in the metaverse. The clubs have introduced an application that encompasses different activities and services that they can conduct in the metaverse, including...
NFT potential vast and creative possibility endless, says YellowHeart CEO
27.7.2022
Josh Katz said that ticketing is one of the most compelling use cases for NFTs as it can prevent fraud
Yuga Labs May Face a Potential Class-Action Lawsuit Over Apecoin and NFT Sales
25.7.2022
According to the international law firm Scott+Scott’s website, there’s a possibility that the non-fungible token (NFT) company Yuga Labs may be threatened with a class action lawsuit for generally promoting “the growth prospects and change for huge returns on investment...
Picpay to Offer Cryptocurrency Services in Brazil to More Than 60 Million Customers
12.7.2022
Picpay, one of the most popular payments fintech companies in Brazil, has announced that it will start including cryptocurrency services in its app. The company explained that these services will include the possibility of purchasing crypto and processing payments with crypto directly. Picpay...
Suing SEC Is a Possibility, Bitwise Chief Compliance Officer Says
12.7.2022
“It’s about getting answers to some of the technical questions,” Bitwise Chief Compliance Officer Katherine Dowling said, regarding the SEC’s denial of the asset management firm’s spot bitcoin ETF application, on CoinDesk TV’s “All About Bitcoin.”