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US Court Backs IRS in Part Against Kraken  Over Tax Rules

US Court Backs IRS in Part Against Kraken Over Tax Rules

The United States District Court, Northern District of California, has partially upheld a summons issued by the Internal Revenue Service (IRS) to Payward Ventures, Inc. and its subsidiaries, collectively known as "Kraken". Kraken, a prominent online crypto exchange, has been under scrutiny for its compliance with tax regulations.

Hong Kong Regulators Probe Worldcoin for Privacy Risks

Hong Kong Regulators Probe Worldcoin for Privacy Risks

Hong Kong's PCPD is investigating Worldcoin, linked to OpenAI's Sam Altman, for potential privacy violations in biometric data collection methods, highlighting global privacy concerns in the crypto and blockchain industry.

Top 10 Dapps on Ethereum Network Surpass 1 Million Daily Users

Top 10 Dapps on Ethereum Network Surpass 1 Million Daily Users

The top 10 decentralized applications on the Ethereum network have hit 1,017,760 daily active wallet users, according to data analytics company DappRadar.

Bitcoin Lightning Network Capacity Breaches 3,000 BTC for the First Time

Bitcoin Lightning Network Capacity Breaches 3,000 BTC for the First Time

The Bitcoin Lightning Network has been seeing an uptick in activity because it crossed the 3,000 BTC capacity for the first time.

Tencent Report: Leading AI Innovation with Responsible Safety and Ethical Practices

Tencent Report: Leading AI Innovation with Responsible Safety and Ethical Practices

Tencent's report emphasizes its commitment to responsible AI, emphasizing safety and ethical practices in large models, highlighting strategies for model security, value alignment, and ethical considerations.

Crypto Trends: Weekly Inflows and Outflows in Altcoins, North American Markets, and Investment Products

Crypto Trends: Weekly Inflows and Outflows in Altcoins, North American Markets, and Investment Products

Altcoins saw $3M in weekly inflows; North America had $11B outflows. Digital asset products had minor withdrawals of $21M, with Bitcoin trading at $16B.

Bank of Japan will test digital yen with three megabanks

Bank of Japan will test digital yen with three megabanks

Bank of Japan is working with three megabanks and regional banks to issue CBDCs. The pilot will test the issue of Japan's digital yen in 2023. 2026 ruling on digital currency.

China to Limit the Unauthorized Use of Other's Digital Properties

China to Limit the Unauthorized Use of Other's Digital Properties

The illegal use of people’s work including Non-Fungible Tokens (NFT) without getting their permission has been a concern to the National Copyright Administration in China (NCAC). To this end, the agency alongside four departments has therefore enacted policies in a special edition campaign ‘Jianwang 20222’ to combat this issue according to a press statement

Digital Dollar Project Floats Sandbox for Harness Potential CBDC Solutions

Digital Dollar Project Floats Sandbox for Harness Potential CBDC Solutions

The Digital Dollar Project (DDP) has announced the launch of its Technical Sandbox Program that will make further exploration into the potential of the technical exploration of a US CBDC or the Digital Dollar.

Voyager Digital Taps Former OCC Boss Brian Brooks as Director

Voyager Digital Taps Former OCC Boss Brian Brooks as Director

Cryptocurrency platform Voyager Digital has tapped the services of Brian Brooks, the current Chief Executive Officer of Bitfury as one of its non-Executive Directors.

Walmart Hires Digital Currency and Cryptocurrency Product Lead

Walmart Hires Digital Currency and Cryptocurrency Product Lead

The multinational retail giant in the United States, Walmart, is hiring managing position in charge of cryptocurrency and digital products.

Meta's Digital Assets Expansion: A Scrutiny by Maxine Waters

Meta's Digital Assets Expansion: A Scrutiny by Maxine Waters

Congresswoman Maxine Waters scrutinizes Meta's trademark applications, filed in March 2022, suggesting the company's continued involvement in the digital assets ecosystem, despite previous assurances of no ongoing projects in this area.

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