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A new bill under consideration by South Korean lawmakers aims to expand the country's ability to track and freeze cryptocurrency tied to cybercrime and illicit assets from North Korea. While the goals may be reasonable, some fear unintended consequences for lawful digital asset use. According to a recent
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A notable trend is emerging in cryptocurrency derivatives markets that could have significant implications for bitcoin's price volatility. According to data from Glassnode and insights from Blockware Intelligence, the use of bitcoin itself as collateral in bitcoin futures trading has been steadily rising over the past year. This
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A court in China made a notable declaration this week that could have positive implications for cryptocurrency adoption long-term, despite the country's broad bans. The Xiamen Intermediate People’s Court in Fujian province published an opinion arguing that cryptocurrencies should still be considered legal property under Chinese law,
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The world's largest cryptocurrency exchange Binance suffered another high-profile departure this week, as Global Head of Product Mayur Kamat resigned from his role. This marks the latest in a growing string of executive exits in 2022 amid increased legal and regulatory scrutiny of the exchange globally. While Binance
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In a major win for the cryptocurrency industry, Grayscale Investments scored a landmark legal victory against the Securities and Exchange Commission (SEC) this week. The U.S. Court of Appeals ruled in favor of Grayscale's petition to convert its Bitcoin Trust (GBTC) into a spot Bitcoin exchange-traded fund
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The crypto winter has dampened venture capital investment, with funding down 75% from August 2021 highs according to DeFiLlama. However, while frothy valuations are correcting, some sectors like DeFi, NFTs, and Bitcoin staking are still garnering selective VC attention. This signals a maturing investment culture focused on quality over hype
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Recent data from CoinShares reveals a split in institutional opinions on crypto, with moderately low inflows and outflows this past week. This suggests a transition toward more stable, mature investing habits - a promising trend for Bitcoin's longevity. While headline fund flow numbers showed a muted $11 million
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The crypto ecosystem needs to urgently implement anti-money laundering and anti-terrorist financing rules globally, according to Tom Neylan, a senior official at the global watchdog Financial Action Task Force (FATF). In an interview, Neylan highlighted the risks posed by unregulated cryptocurrencies and the importance of rapid regulatory implementation to prevent
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Earlier this week, Australia’s Senate Economics Committee rejected a cryptocurrency regulation bill introduced by opposition party member Senator Andrew Bragg. The committee concluded the bill lacked sufficient detail and regulatory coherence. However, the rejection does not spell disaster for crypto in Australia. Rather, it highlights the need for prudent
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The rapid advancement of artificial intelligence poses a troubling new scam threat to the crypto industry, warns Quantstamp co-founder Richard Ma. AI's ability to mimic human behaviors allows hackers to execute highly convincing fraud at scale. To survive this arms race, the crypto sector must implement robust protections
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A new survey reveals that Nigeria has the most cryptocurrency-aware population in the world, with 99% of respondents familiar with digital assets. This widespread knowledge reflects the growing crypto adoption across Africa seeking alternatives to traditional finance. However, regulators still debate the ideal frameworks to encourage innovation while protecting consumers.
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Sam Bankman-Fried, founder of the now-defunct crypto exchange FTX, is pushing back against sweeping evidence requests made by federal prosecutors ahead of his high-profile fraud trial in October. His legal team argues the requests are overly broad and prejudicial to his defense. The emerging legal battle over trial evidence and
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Earlier this week, Grayscale Investments secured a major legal victory in its battle with the Securities and Exchange Commission (SEC) over converting the Grayscale Bitcoin Trust (GBTC) into a spot bitcoin exchange-traded fund (ETF). A panel of three federal judges ruled that the SEC's rejection of Grayscale'
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Elon Musk, the billionaire CEO of Tesla and SpaceX, has long shown an interest in cryptocurrencies like Bitcoin and Dogecoin. And while his market-moving tweets have caused wild swings in crypto prices, his steadily growing involvement in the space could pave the way for wider blockchain adoption. That involvement may
CESS
Singapore, September 1 2023: Cumulus Encrypted Storage System (CESS), the innovative 3rd-gen decentralized cloud-based data storage protocol built exclusively for Web3, has announced the release of the 9th version of its testnet on August 31. Currently, the most active testnet has reached an amazing 6,300 deployed nodes. With the
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Solana is a highly performant open source blockchain platform that supports building decentralized applications and marketplaces. Developed in 2017 by Anatoly Yakovenko, Solana prioritizes scalability, speed, and low transaction costs without sacrificing decentralization and security. Powered by its innovative proof-of-history consensus mechanism, Solana claims to process up to 50,000