In an intriguing turn of events, the U.S. Commodities and Futures Trading Commission (CFTC) declared Ethereum and stablecoins to be “commodities” and so subject to its regulatory authority. It’s a move that pits the CFTC squarely against the U.S. Securities and Exchange Commission, which wants to regulate all cryptocurrencies as
March 9, 2023 1 min read
According to reports in local media, China’s central bank digital currency (CBDC) is now accepted as payment on the country’s most popular social networking and payment app, WeChat. The initiative’s stated goal is to increase the digital yuan’s popularity. After Alipay, WeChat is now the second payment platform to implement
March 8, 2023 1 min read
Canaan, a Chinese Bitcoin miner, and producer of application-specific integrated circuit (ASIC) mining devices, reported an annual decline in revenue of 82.1% to $56.8 million in its most recent filing with the United States Securities and Exchange Commission (SEC) on March 7. In Q1 2022, Canaan reported a decrease in
March 8, 2023 1 min read
As a follow-up to the successful VET 1.0 and VET 2.0 protocols, VeChain has issued the necessary whitepapers for the impending VET 3.0. The paper was sent to the HiVe and detailed the steps to be taken in the next protocol. In other words, it was created to help the
March 7, 2023 1 min read
For masterminding a $100M crypto fraud scheme, the U.S. Securities and Exchange Commission (SEC) stated Monday that it had filed an “emergency action” against Miami investment advisor BKCoin and one of its owners, Kevin Kang. “It successfully obtained an asset freeze, the appointment of a receiver, and other emergency relief,”
March 7, 2023 1 min read
In an effort to “reinvent” the online entertainment sector. Crypto casino Roobet announced on March 1 that it has partnered with legendary rapper Snoop Dogg. Roobet claims that the partnership with Snoop Dogg would “shake up the industry and bring players a one-of-a-kind gaming experience.” Because of the rapper’s extensive
March 6, 2023 2 mins read
The Pakistan Banks’ Association (PBA) and Avanza Group have inked a contract for the creation of a blockchain-based KYC platform. The latter group brings together firms that provide cutting-edge banking software, CEM tools, blockchain, and AI. PBA Chairman Muhammad Aurangzeb and Avanza Innovations CEO Waqas Mirza were among those present
March 6, 2023 1 min read
The total number of Shiba Inu (SHIB) burnt during the previous 24 hours is over 43.19 million. And over 23 million of them come from a single trade. A total of 43,192,603 (43.19M) SHIB have been permanently withdrawn from circulation by the community. In a total of nine separate transactions
March 5, 2023 2 mins read
On March 3, Silvergate, a cryptocurrency bank, stated that it will be closing down its digital asset payment network. Citing a “risk-based decision” as the reason for the move. This action was taken after the bank’s shares dropped by 59% in the previous five days on worries that it would
March 5, 2023 1 min read
This past Friday, Uniswap Labs announced the release of a new mobile wallet, only to have Apple’s App Store block it. This mobile application will be completely autonomous and open-sourced. The group claims they submitted the mobile app months ago, but are still waiting for clearance. Meanwhile, Uniswap Labs made
March 4, 2023 2 mins read
