In spite of Hong Kong’s efforts to become Asia’s cryptocurrency capital, major financial institutions remain hesitant to join the trend. According to the most recent FT article, Hong Kong’s banking regulator has been putting pressure on major banks. These include Standard Chartered and HSBC for working with cryptocurrency exchanges. The
June 15, 2023 2 mins read
Uniswap (UNI) may have been an early player in the Decentralized Finance (DeFi) ecosystem. But Ripple’s vocal CTO David Schwartz recently pointed out that this doesn’t make it a decentralized business. There has been backlash over the Ripple CTO’s comments that Uniswap is not a decentralized platform. This debate concerning
June 15, 2023 2 mins read
Damus, a decentralized social networking software, has been threatened with removal from the Apple App Store until its developers alter the program to comply with Apple’s guidelines. According to a tweet from the project, Apple has requested an update from Damus within 14 days of the date of communication to
June 14, 2023 1 min read
The Snoop Dogg Passport, an NFT pass that grants access to special content and experiences related to the rapper and entertainer’s forthcoming concert tour, was released today, marking yet another step towards Web3 for Rapper Snoop Dogg. Moreover, each Snoop Dogg Passport NFT costs 0.025 ETH, or around $43 at
June 14, 2023 2 mins read
The United States’ crypto war has also had an effect on the stablecoin ecosystem, with a notable split developing between the two largest issuers. According to the company’s transparency report, the total supply of Tether has hit an all-time high of 83.36 billion USDT. Will Clemente, an industry expert, said:
June 13, 2023 2 mins read
A former enforcement officer has reportedly been recruited by Binance US as part of its legal team to help defend itself against claims of operating as an unregistered securities exchange amid a lawsuit filed by the United States Securities and Exchange Commission (SEC). George Canellos, previously of the SEC and
June 13, 2023 2 mins read
Senator Cynthia Lummis of the United States made headlines when she turned to Twitter to promote her efforts to create a legislative framework. That would allow people and businesses to own and trade digital assets inside the United States. Lummis has been collaborating with Senator Kirsten Gillibrand on a new
June 11, 2023 2 mins read
While on a recent trip to India, Sam Altman, CEO of OpenAI, was questioned by Indian company leaders about how they can create ground-breaking models like ChatGPT on a tight budget. The response from Sam was “it’s pretty hopeless.” As Sam seemed to entirely disregard the concept of Indian corporations
June 11, 2023 2 mins read
When Minecraft announced in July 2022 that it would prohibit NFTs on player-run servers, it sent shockwaves across the Web3 community. However, that intended action has not yet taken place, albeit it is still on the horizon about a year later. In a blog post published last summer, Mojang, a
June 10, 2023 1 min read
The Finance Act, 2023 was signed into law by outgoing Nigerian President Muhammadu Buhari on his last day in office, May 28. The legislation enacts a number of tax changes designed to bring the country’s tax system into the contemporary era. Gains from the sale of digital assets, such as
June 10, 2023 1 min read
