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Blockchain: Emergence of a New Breed of Tax Professionals in the Digital VAT World

Blockchain: Emergence of a New Breed of Tax Professionals in the Digital VAT World

Governments around the world are seeking new sources of revenue, and value-added tax (VAT) is the key revenue driver and the largest contribution to governmental budgets. Each year billions of dollars are lost in tax revenue due to non-compliance, evasion, fraud, and non-collection.

Exploring the Boundaries of AI in Creative Domains: Can Machines Match Human Ingenuity?

Exploring the Boundaries of AI in Creative Domains: Can Machines Match Human Ingenuity?

We delves into the evolving capabilities of AI in creative domains, analyzing whether artificial intelligence can achieve a level of creativity comparable to humans.

Binance Launches Incentive Campaign for USDC-M Perpetual Contracts

Binance Launches Incentive Campaign for USDC-M Perpetual Contracts

Binance launches a dual-incentive promotional campaign for USDC-margined perpetual contracts, targeting deposits and trading activities to stimulate market engagement and diversify trading options in the crypto futures market.

Vitalik Buterin Explores Ethereum Protocol Enhancement Strategies

Vitalik Buterin Explores Ethereum Protocol Enhancement Strategies

Ethereum's co-founder, Vitalik Buterin, reflects on Ethereum's protocol enhancement strategies in a recent blog post, weighing the merits of a minimalistic approach versus enshrining more features into the core protocol to address various user needs and system efficiencies. The discussion encompasses account abstraction challenges, the shift towards enshrinement, and the exploration of specific enshrinement targets like ZK-EVMs, proposer-builder separation, private mempools, liquid staking, and precompiles.

Argo Bitcoin Miner Sells 637 BTC to Offset Costs & Outstanding Loans

Argo Bitcoin Miner Sells 637 BTC to Offset Costs & Outstanding Loans

Despite the market plunge, Argo Blockchain recorded increased Bitcoin mining revenues in June. Argo said the success has been attributed to the increased Bitcoin mining produced by S19J Pro machines.

CFTC Commissioner Clarifies the Agency's Sweeping Rights to Regulate Crypto Derivatives

CFTC Commissioner Clarifies the Agency's Sweeping Rights to Regulate Crypto Derivatives

CFTC Commissioner Dawn D. Stump has given several clarifications that show the agency has powers to regulate cryptocurrencies.

Visa Unveils Innovative Web3 Loyalty Program with SmartMedia Technologies

Visa Unveils Innovative Web3 Loyalty Program with SmartMedia Technologies

Visa teams up with SmartMedia Technologies to launch a pioneering Web3 Loyalty Engagement Solution, revolutionizing customer loyalty with gamified, immersive experiences and digital wallets.

Enabling Innovation in Asset Management: SFC's Approach

Enabling Innovation in Asset Management: SFC's Approach

Christina Choi of the SFC spoke at the Bloomberg Buy-Side Forum Hong Kong 2023, emphasizing the importance of balancing innovation with regulation in the asset management industry. She highlighted the SFC's ongoing work on guidelines for tokenization of investment products.

Hong Kong's Crypto Rise: Harbinger for China?

Hong Kong's Crypto Rise: Harbinger for China?

Hong Kong's rising status as a crypto hub amidst regulatory amicability sparks speculations on China's evolving stance towards digital assets. The significant crypto activity in Hong Kong, combined with its thriving Over-The-Counter market, reflects a conducive environment for both institutional and retail crypto engagements. As Hong Kong continues to bolster its crypto market, it might be hinting at China's exploratory approach towards understanding and possibly embracing digital assets in the long term.

Coinbase to Boost European Derivatives Market Presence with MiFID II License Acquisition

Coinbase to Boost European Derivatives Market Presence with MiFID II License Acquisition

Coinbase is set to expand in the EU derivatives market by acquiring a MiFID II licensed entity in Cyprus, targeting regulated derivatives offerings like futures and options in 2024.

Stellar CEO Denelle Dixon Joins IMF Panel on Cross-Border Payments

Stellar CEO Denelle Dixon Joins IMF Panel on Cross-Border Payments

Stellar CEO Denelle Dixon is slated to take part in the IMF's annual meeting today, to discuss the private-sector’s role in addressing the limitations of cross-border payments.

US National Security at Risk Due to China Dominance in Mobile Payments, says former State Department Official

US National Security at Risk Due to China Dominance in Mobile Payments, says former State Department Official

Former Department of State official Anja Manuel warns that if the US loses its dominance in financial innovation and payments, it could impact its national security policy, specifically on sanctions. Manuel stated that China is catching up on dominance in mobile payments, which could make enforcing sanctions against “bad actors” like Iran or North Korea more challenging.

Coinbase Acquires FairX, Creating Room for Crypto Derivatives Market

Coinbase Acquires FairX, Creating Room for Crypto Derivatives Market

Coinbase is launching a cryptocurrency derivatives service for its clients by announcing the acquisition of derivatives exchange FairX.

Australia's Novatti Group to Launch Stablecoin on the XRP Ledger

Australia's Novatti Group to Launch Stablecoin on the XRP Ledger

Novatti Group has announced it will be integrating its new stablecoin, AUDC with the XRP Ledger following a partnership with blockchain payments firm, Ripple Labs Inc.

Ethereum (ETH) Ecosystem Evolves: Staking, DeFi, and Derivative Markets

Ethereum (ETH) Ecosystem Evolves: Staking, DeFi, and Derivative Markets

Insights from the Coinbase x Glassnode Q2 report about the evolution of Ethereum's Ecosystem.

Exploring Different Types of Blockchain Technologies

Exploring Different Types of Blockchain Technologies

An in-depth analysis of various types of blockchain technologies, their features, applications, and selection considerations.

Cronos (CRO) Accelerator Demo Day Spotlights Emerging Crypto Innovations

Cronos (CRO) Accelerator Demo Day Spotlights Emerging Crypto Innovations

Cronos (CRO) Accelerator program highlights potential early-stage crypto projects, with a focus on AI, DeFi, and digital authentication.

Google Unveils New AI Innovations: Gemini 1.5 Pro, Imagen 3, and More

Google Unveils New AI Innovations: Gemini 1.5 Pro, Imagen 3, and More

Google introduces advanced AI technologies including Gemini 1.5 Pro and Imagen 3, enhancing user interaction and creativity.

Enhanced Data Processing: Key to AI Innovation Across Industries

Enhanced Data Processing: Key to AI Innovation Across Industries

Accelerated data processing is crucial for AI innovations in various industries.

Pioneering DRAM Chip Inventor Bob Dennard Passes Away at 91

Pioneering DRAM Chip Inventor Bob Dennard Passes Away at 91

Bob Dennard, inventor of DRAM, passes away at 91, leaving a legacy that reshaped modern computing.

Jason Lau Discusses Innovations Shaping the Future of Crypto on Chainalysis Podcast

Jason Lau Discusses Innovations Shaping the Future of Crypto on Chainalysis Podcast

OKX's Jason Lau highlights tech innovations and regulatory insights shaping the future of crypto.

BNB Chain and Binance Labs Unveil BNB Incubation Alliance to Boost Blockchain Innovation

BNB Chain and Binance Labs Unveil BNB Incubation Alliance to Boost Blockchain Innovation

BNB Chain and Binance Labs launch BNB Incubation Alliance to support early-stage blockchain projects with top VCs and incubators.

SFC Suspends Shum Wai Nap for Seven Months Over Private Fund Mismanagement

SFC Suspends Shum Wai Nap for Seven Months Over Private Fund Mismanagement

The SFC has suspended Shum Wai Nap for seven months due to failures in managing a private fund, highlighting significant regulatory actions.

Algorand (ALGO) Foundation Unveils Change the Game Hackathon Finalists

Algorand (ALGO) Foundation Unveils Change the Game Hackathon Finalists

The Algorand (ALGO) Foundation has announced the winners of the Change the Game hackathon, showcasing innovative blockchain solutions.

Worldcoin (WLD) Announces Recipients of Wave1 Community Grants

Worldcoin (WLD) Announces Recipients of Wave1 Community Grants

Worldcoin (WLD) has revealed the recipients of its Wave1 Community Grants, aiming to drive innovation across various tech domains.

LangChain Introduces LangGraph v0.1 and LangGraph Cloud for Scalable AI Agent Deployment

LangChain Introduces LangGraph v0.1 and LangGraph Cloud for Scalable AI Agent Deployment

LangChain announces the release of LangGraph v0.1 and LangGraph Cloud, providing tools for scalable and reliable AI agent deployment.

IBM Research Enhances AI Fairness and Accountability

IBM Research Enhances AI Fairness and Accountability

IBM Research is developing technologies to increase the transparency, fairness, and accountability of high-risk AI systems.

SFC and HKMA Release Updated List of Financial Service Providers for OTC Derivatives

SFC and HKMA Release Updated List of Financial Service Providers for OTC Derivatives

The SFC and HKMA have published their annual updates to the list of financial services providers under the OTC derivatives regulatory regime.

HKMA and SFC Announce Annual Updates to Financial Services Providers List

HKMA and SFC Announce Annual Updates to Financial Services Providers List

The HKMA and SFC have concluded their annual updates to the Financial Services Providers list under the OTC derivatives regulatory regime.

BNB Incubation Alliance Names Winners in Brussels Event

BNB Incubation Alliance Names Winners in Brussels Event

The BNB Incubation Alliance event in Brussels concluded with Payman, Balloon Dogs, and Blackwing as winners, marking a significant milestone in blockchain innovation.

Sui Grants Program Announces First Cohort of RFP Awardees

Sui Grants Program Announces First Cohort of RFP Awardees

The Sui Grants program has selected its first cohort of RFP grant awardees, aiming to foster innovation within the Sui ecosystem.

Bitfinex Derivatives Launches Public Beta Integration with Thalex

Bitfinex Derivatives Launches Public Beta Integration with Thalex

Bitfinex Derivatives has announced the public beta integration with Thalex, enhancing account and asset management for users.

Alibaba Founder Jack Ma Criticizes Current Financial Regulations

Alibaba Founder Jack Ma Criticizes Current Financial Regulations

Alibaba founder Jack Ma highlights the importance of fintech innovations over regulations.

Web3-MI Develops CryptoVillages for Enhanced Crypto Gaming Experience

Web3-MI Develops CryptoVillages for Enhanced Crypto Gaming Experience

Web3 Metaverse Innovations Pty Ltd, or Web3-MI, an Australian-based crypto consultancy group, is at the forefront of creating CryptoVillages, a play-to-earn game, to boost the gaming experience.

El Salvador Eliminates Taxes on Technology Innovations

El Salvador Eliminates Taxes on Technology Innovations

El Salvador has eliminated all income, property, and capital gains taxes on technology innovations, including software programming, coding, apps and AI development, as well as computing and communications hardware manufacturing. This move supports the country's ongoing efforts to expedite technological development, including the establishment of the National Bitcoin Office (ONBTC) to conduct joint initiatives with Bitcoin entrepreneurs and companies.

Crypto Mom Hester Peirce Officially Sworn in as SEC Commissioner

Crypto Mom Hester Peirce Officially Sworn in as SEC Commissioner

Crypto Mom and blockchain forward SEC Commissioner Hester Peirce has been sworn in for a second term at the US SEC.

Upbit Singapore Secures MAS's MPI Licence

Upbit Singapore Secures MAS's MPI Licence

Upbit Singapore receives a Major Payment Institution license from MAS, marking a key step in its expansion and compliance with Singapore's regulatory standards in the digital asset sector.

UN Research Unveils Bitcoin's Environmental Toll Beyond Carbon Emissions

UN Research Unveils Bitcoin's Environmental Toll Beyond Carbon Emissions

A UN study reveals Bitcoin mining's significant environmental impact, including carbon emissions, water and land damage, and heavy reliance on fossil fuels. It calls for urgent regulatory and technological interventions to promote a sustainable digital currency ecosystem.

Coinbase Report: New York Emerges as a Hub for Crypto Innovation and Adoption

Coinbase Report: New York Emerges as a Hub for Crypto Innovation and Adoption

Coinbase's report highlights New York's growing role in crypto, with 19% of residents owning crypto and a surge in blockchain initiatives. The state is seen as a hub for crypto innovation.

Wyoming lawmakers pass bill prohibiting courts from forcing disclosure of digital asset

Wyoming lawmakers pass bill prohibiting courts from forcing disclosure of digital asset

Wyoming, a crypto-friendly state, enacted a measure banning private key disclosure. If Governor Mark Gordon approves, it will take effect July 1.

Blockchain Technology Powers Brazil's National Identity Card Issuance

Blockchain Technology Powers Brazil's National Identity Card Issuance

Brazil has commenced the use of blockchain technology for issuing the National Identity Card (CIN) to enhance security and data integrity in the new identity issuance process. The initial phase begins in three states with a nationwide deadline set for November 6, 2023. This move is part of Brazil's broader initiative towards leveraging blockchain for public service improvement, aligning with global trends of digital identity verification.

UK Aims to Implement Crypto Regulation Soon

UK Aims to Implement Crypto Regulation Soon

The UK plans to establish digital asset regulation within a year to take advantage of blockchain's benefits for the private sector and the economy, according to Andrew Griffith, the economic secretary to the UK Treasury.

Metis Launches Decentralized Liquid Staking in Layer 2 Revolution

Metis Launches Decentralized Liquid Staking in Layer 2 Revolution

Metis is launching the Liquid Staking Blitz, a decentralized sequencer initiative, to boost the growth of Liquid Staking Derivatives within its ecosystem, enhancing network security and governance.

Crypto Deals Catch the Eye of Bigger Players, Triggering Price Surge

Crypto Deals Catch the Eye of Bigger Players, Triggering Price Surge

Fundraising by crypto companies has seen a surge in valuations as bigger players are pushing prices upwards.

CIA Eyes Blockchain Technology with New Research Lab

CIA Eyes Blockchain Technology with New Research Lab

US Central Intelligence Agency has rolled an in-house R&D arm dubbed CIA Labs to scale up technological and scientific breakthroughs for future intelligence challenges.

Singapore Unveils Ambitious National AI Strategy 2.0 for Future-Ready Innovation

Singapore Unveils Ambitious National AI Strategy 2.0 for Future-Ready Innovation

Singapore's updated National AI Strategy 2.0, launched on Dec 4, focuses on expanding AI talent to 15,000, building an AI community hub, and integrating AI across various sectors for public good.

Crypto Exchange Bit.com Rolls Out Savings Product and USDT Margined Futures

Crypto Exchange Bit.com Rolls Out Savings Product and USDT Margined Futures

Bit.com, a Singapore-based crypto exchange owned by Matrixport, has launched a new savings product and USDT margined futures to diversify the cryptocurrency options offered.

BIS Conference Addresses Cybersecurity in Central Bank Digital Currencies (CBDC)

BIS Conference Addresses Cybersecurity in Central Bank Digital Currencies (CBDC)

Agustín Carstens, General Manager of the Bank for International Settlements, highlighted the importance of cybersecurity for central bank digital currencies (CBDCs) during a conference in Basel, Switzerland, emphasizing the need for secure, user-friendly, and adaptable systems.

Vitalik Buterin's Insightful Financial Advice for a Prudent Portfolio

Vitalik Buterin's Insightful Financial Advice for a Prudent Portfolio

Ethereum co-founder Vitalik Buterin advises on prudent financial strategies, emphasizing diversification, savings for financial safety, a conservative portfolio, and caution against over-leveraging, blending traditional and modern investment insights.

Exclusive: Access, Connectivity and Inclusion—How UNICEF Leverages Blockchain to Close the Digital Divide

Exclusive: Access, Connectivity and Inclusion—How UNICEF Leverages Blockchain to Close the Digital Divide

Christina Lomazzo is the Blockchain Lead for UNICEF’s Office of Innovation; whose work mainly involves leading the blockchain efforts at UNICEF Ventures where she heads up a diverse team of six. Together they invest in early technology prototypes that they assess and determine could have an exponential impact on UNICEF’s operations and ability to fulfill its mission across the developing world.

President Biden Amplifies AI Safety and Security Measures with Executive Order

President Biden Amplifies AI Safety and Security Measures with Executive Order

President Biden has issued an Executive Order on October 30, 2023, aiming to improve AI safety, security, and trustworthiness. The order requires rigorous testing of critical AI systems, advocates for data privacy legislation, and promotes AI's positive impact on healthcare, education, and the labor market.

BNB Chain Launches "Meme Innovation Campaign" with $1M Incentive for Developers

BNB Chain Launches "Meme Innovation Campaign" with $1M Incentive for Developers

BNB Chain's new "Meme Innovation Campaign" aims to invigorate the meme token sector by offering $1 million in rewards for developer projects until May 9.

Binance Australia Derivatives starts closing certain positions and accounts

Binance Australia Derivatives starts closing certain positions and accounts

Binance Australia Derivatives are for wholesale investors exclusively, according to a separate notification.

US House of Representatives Passes Blockchain Innovation Act On to the Senate

US House of Representatives Passes Blockchain Innovation Act On to the Senate

Two bills introduced by Rep Darren Soto—the Digital Taxonomy Act and the Blockchain Innovation Act—have passed the Lower House and are on their way to the Senate.

DeFi Derivatives Platform SynFutures Raises $14M in Series A Funding Led by Polychain

DeFi Derivatives Platform SynFutures Raises $14M in Series A Funding Led by Polychain

Singapore-based DEFI derivatives EXCHANGE-SynFutures announced Wednesday a Series A funding completed with a total value of $14 million.

OKX and Manchester City Launch Interactive Avatar Campaign Featuring Top Players to Inspire Fans to “Play For the City”

OKX and Manchester City Launch Interactive Avatar Campaign Featuring Top Players to Inspire Fans to “Play For the City”

OKX, a world-leading Web3 technology company and Training Kit Partner of Manchester City, have today kicked off a new interactive metaverse avatar campaign with the Club. The new experience at playforthecity.com gives fans the opportunity to personalise their own digital avatars in Manchester City training kits and pre-match warm-up apparel with OKX branding.

Coinbase Gains FCM Approval for Regulated Crypto Derivatives Access

Coinbase Gains FCM Approval for Regulated Crypto Derivatives Access

Coinbase Financial Markets secures FCM approval, paving the way for regulated crypto derivatives in the US, enhancing trading options but with oversight.

Explosive Growth in TON Developer Community: A Comprehensive Analysis

Explosive Growth in TON Developer Community: A Comprehensive Analysis

TON's Q4 2023 Developer Report reveals a 22.8% increase in its developer community, highlighting over 500% growth in active developers and significant advancements in blockchain technology and community engagement.

Five Reasons Behind Ethereum's Rally to Top $3000

Five Reasons Behind Ethereum's Rally to Top $3000

Ethereum broke the $3,000 mark after a rocky April. Its market capitalization now surpasses that of the Bank of America.

BlockSec Launches Phalcon Fork for Private Chain Collaborative Testing

BlockSec Launches Phalcon Fork for Private Chain Collaborative Testing

Blockchain security firm BlockSec has launched the Phalcon Fork toolkit for collaborative testing on private chains forked from the Ethereum mainnet. The toolkit provides more control for developers over testing, analysis, and debugging of transactions, while retaining services and states from the Ethereum mainnet. It also includes an integrated faucet for free fork network Ether (ETH) and Fork RPC for integration with Ethereum Virtual Machine-compatible development frameworks.

UK Financial Watchdog FCA Bans Crypto Derivatives Trading For Retail Investors

UK Financial Watchdog FCA Bans Crypto Derivatives Trading For Retail Investors

The United Kingdom’s Financial Conduct Authority (FCA) has issued its final rules banning the sale of crypto derivatives and exchange-traded notes (ETNs).

Luxury Hotel & Resort Group Pavilions Welcomes Bookings in Over 40 Cryptocurrencies

Luxury Hotel & Resort Group Pavilions Welcomes Bookings in Over 40 Cryptocurrencies

Luxury hotel and resort group Pavilions now accepts cryptocurrency bookings in over 40 virtual currencies, becoming the first international luxury boutique hotel group to embrace cryptocurrency for reservations.

FSB 2024 Agenda: Strengthening Crypto Regulation and Embracing AI"

FSB 2024 Agenda: Strengthening Crypto Regulation and Embracing AI"

The Financial Stability Board (FSB) has announced its 2024 Work Programme, focusing on crypto regulation, AI, and digital innovation, aiming to enhance global cooperation and stability in finance.

All You Need to Know About the Silicon Valley Cryptocurrency

All You Need to Know About the Silicon Valley Cryptocurrency

The rising popularity of cryptocurrency has contributed to a revolution in the digital currency industry. Currently, a U.S based venture capital firm, Andra Capital, has announced its desire to introduce its own Silicon Valley cryptocurrency to leverage its business. It is interesting to see that the company has joined the list of other enterprises like JPMorgan Chase, Arias Intel Corp, Facebook, and others that have created or in the process of creating cryptocurrencies they call their own.

Transform Ventures Co-Invests in Alpha Transform Holdings to Accelerate Blockchain Investment

Transform Ventures Co-Invests in Alpha Transform Holdings to Accelerate Blockchain Investment

Transform Ventures has co-invested in Alpha Transform Holdings, a new holding company aiming to support the blockchain ecosystem through investments via two new funds. The merger of select assets from Transform Ventures and Alpha Sigma Capital’s parent company will amount to $100 million in assets under management, with a focus on delivering suites of products under asset management, Alpha Transform products, and Alpha Transform strategies.

CME Group Proposes Direct Crypto Derivatives Trading to Regulators

CME Group Proposes Direct Crypto Derivatives Trading to Regulators

CME Group is now proposing a new approach to crypto derivatives. The new approach could signal big structural shifts for traditional financial derivatives away from intermediaries.

OKEx Adds Ether Options to Help Crypto Traders Exploit Market Volatility

OKEx Adds Ether Options to Help Crypto Traders Exploit Market Volatility

Cryptocurrency exchange OKEx announced that it is adding two new services to its platform. The Malta-based exchange launched its ETH (Ether) options contracts on June 4. The exchange also announced that it will launch the EOS/USD options on June 18. The company also stated that they have placed 1000 Ether in the Ether options insurance funds to prevent any possible clawback. The exchange is one of the largest cryptocurrency trading and derivative platforms.

Colombia Holds Landmark Virtual Court Trial in Metaverse

Colombia Holds Landmark Virtual Court Trial in Metaverse

Colombia's Magdalena Administrative Court conducted a trial in the metaverse on February 15, with participants appearing as avatars in a virtual courtroom. The trial involved a traffic dispute brought by a regional transport union against the police and lasted two hours. The verdict could also be given in the metaverse. Colombia is one of the first countries to test legal proceedings in the metaverse.

TP Global FX Broker Taps Belfrics International to Trade Crypto Derivatives

TP Global FX Broker Taps Belfrics International to Trade Crypto Derivatives

TP Global Limited is a major FX Broker that strives to help traders earn on their investments. The FX broker is currently seeking to take advantage of the rising popularity of blockchain/cryptocurrencies services.

Ukraine’s Largest Bank Privatbank Suspends Money Transfers to Crypto Exchanges amid Martial Law

Ukraine’s Largest Bank Privatbank Suspends Money Transfers to Crypto Exchanges amid Martial Law

Other local banks in Ukraine have also imposed restrictions authorized by the country’s central bank under the current martial law.

Facebook's Libra Sparked CBDC Race, COVID-19 Made Central Banks Realize Its Necessity

Facebook's Libra Sparked CBDC Race, COVID-19 Made Central Banks Realize Its Necessity

Digital innovation and central bank digital currency adoption (CBDC) have been on the rise despite the ongoing COVID-19 pandemic. What has driven CBDC forward?

Hub71+ Digital Assets Initiative Aims to Advance Web3-Based innovations

Hub71+ Digital Assets Initiative Aims to Advance Web3-Based innovations

Hub71 will invest $2 billion in Web3 startups in Abu Dhabi.

OKX Announces Listing of Aevo for Spot Trading, Expanding Derivatives Offerings

OKX Announces Listing of Aevo for Spot Trading, Expanding Derivatives Offerings

OKX has announced the listing of Aevo (AEVO), a derivatives-focused L2 platform, for spot trading, with the trading schedule starting from March 12, 2024.

Banking Infrastructure Needs Blockchain Technology to Meet Rapid Fintech Enviroment, HashCash CEO Says

Banking Infrastructure Needs Blockchain Technology to Meet Rapid Fintech Enviroment, HashCash CEO Says

With the fintech industry making significant strides within a short time, the banking sector ought to integrate blockchain technology to keep pace with this area, according to HashCash CEO Raj Chowdhury.

Reddit Avatars on Polygon Blockchain

Reddit Avatars on Polygon Blockchain

Reddit has launched the third generation of its blockchain-based digital collectibles, Reddit Avatars, on the Polygon blockchain. The release has generated excitement and predictions of quick sellouts, but some users have criticized the payment process.

FTX Derivatives Exchange Revenue Tops $1B in 2021, Report Says

FTX Derivatives Exchange Revenue Tops $1B in 2021, Report Says

The financial record of FTX Derivatives Exchange for the 2021 financial year has shown that the company’s revenue topped the $1 billion mark according to leaked earnings documents seen by CNBC.

Long-term Dormant Ethereum ICO Participant Activates $3.2 Million Worth of ETH

Long-term Dormant Ethereum ICO Participant Activates $3.2 Million Worth of ETH

An Ethereum ICO participant re-emerged after 8.2 years of inactivity, transferring 2,000 ETH ($3.2 million) to four different addresses on October 21, 2023. Acquired at a mere $620 at the Ethereum Genesis, this move not only underscores Ethereum's substantial price appreciation but also hints at potential market dynamics as long-dormant assets re-enter circulation. The transaction could signal various intents, from cashing out to redistributing or reinvesting the holdings, each with its own set of implications for the Ethereum market.

Fireblocks Introduces 'Off Exchange' to Address Exchange Counterparty Risk, Integrates with Deribit

Fireblocks Introduces 'Off Exchange' to Address Exchange Counterparty Risk, Integrates with Deribit

Fireblocks introduces 'Off Exchange', reducing exchange counterparty risk for institutional traders, allowing them to trade directly from on-chain MPC shared wallets, marking a significant advancement in digital asset trading.

Binance Australia Derivatives License Canceled by ASIC

Binance Australia Derivatives License Canceled by ASIC

ASIC has canceled the financial services license of Binance Australia Derivatives after reviewing Binance's operations in the country. Clients must close their existing derivatives positions before April 21.

Wealth Management's Future: Embracing Innovation for the Next Investment Era

Wealth Management's Future: Embracing Innovation for the Next Investment Era

New research outlines the necessity for wealth management firms to adapt to technological advancements and altering investor profiles for future success.

Binance's Market Dominance Challenged as OKX and Upbit Gain Ground

Binance's Market Dominance Challenged as OKX and Upbit Gain Ground

The 2023 CEX Market Report shows Binance's dominance diminishing as OKX and Upbit gain market share. Factors like on-chain data, user growth, and social media presence contribute to the evolving CEX landscape.

US Department of Homeland Security to Host Blockchain-Based Digital Wallet Event with $25K Reward

US Department of Homeland Security to Host Blockchain-Based Digital Wallet Event with $25K Reward

DHS Science and Technology Directorate (S&T) and Silicon Valley Innovation Program (SVIP) will host a virtual event for a Digital Wallets Challenge on Oct 27.

China's Guangdong Province Aims to Lead in Quality and Innovation by Embracing Blockchain and AI Technologies

China's Guangdong Province Aims to Lead in Quality and Innovation by Embracing Blockchain and AI Technologies

In a recent move, the Guangdong Provincial Party Committee and Provincial Government have issued the "Outline for Building Guangdong Province as a Strong Quality-driven Province," outlining their vision to enhance the leading role of industrial clusters in terms of quality.

US National Security at Risk Due to China’s Dominance in Mobile Payments, says former State Department Official

US National Security at Risk Due to China’s Dominance in Mobile Payments, says former State Department Official

Former Department of State official Anja Manuel warns that if the US loses its dominance in financial innovation and payments, it could impact its national security policy, specifically on sanctions. Manuel stated that China is catching up on dominance in mobile payments, which could make enforcing sanctions against “bad actors” like Iran or North Korea more challenging.

US Crypto Crackdown Could Stifle Innovation and Weaken Dollar

US Crypto Crackdown Could Stifle Innovation and Weaken Dollar

The recent Wells notice issued by the SEC to Coinbase, along with other legal threats against crypto firms, has raised concerns among industry experts that the US crackdown on cryptocurrencies could stifle innovation and weaken the dollar. Some believe that the regulatory environment in the US is driving jobs, investment, and innovation offshore, to countries like Singapore, Hong Kong, and potentially Australia.

Microsoft Reveals Azure Maia AI Accelerator and Azure Cobalt CPU

Microsoft Reveals Azure Maia AI Accelerator and Azure Cobalt CPU

Microsoft unveiled Azure Maia 100 AI Accelerator and Azure Cobalt CPU, optimized for AI and cloud computing, with deployment scheduled for early 2024.

Alpaca Debuts Private Equity Real Estate

Alpaca Debuts Private Equity Real Estate

Alpaca, a New York-based alternative investment firm, has launched a private equity real estate platform, Alpaca Real Estate (ARE), led by Daniel Carr and Peter Weiss. The platform, with significant backing from GCM Grosvenor, aims to leverage technology and operational strategies to enhance real estate investment returns amid current market dislocations.

Reddit Launches New NFT Avatar Marketplace

Reddit Launches New NFT Avatar Marketplace

Reddit has partnered with Polygon blockchain to enable the launch of the new NTF marketplace. The popular social media platform is capitalizing on NFTs to propel its growth.

Firstblock Introduces Firstblock Labs To Support The Next Generation Of Web3 Innovators

Firstblock Introduces Firstblock Labs To Support The Next Generation Of Web3 Innovators

FirstBlock, a leading blockchain solutions provider, announces the launch of FirstBlock Labs, a virtual laboratory designed to support and help Web3 startups thrive in the rapidly growing blockchain industry.

Global Blockchain Technology Market Expected to Hit $19.9 Billion

Global Blockchain Technology Market Expected to Hit $19.9 Billion

The global blockchain technology market is anticipated to reach $19.9 billion by 2026 from the current $3.4 billion value, according to market research publisher Global Industry Analysts Inc.

Crypto Fund Managers Infuriated with UK Watchdog's Recent Ban on Crypto Derivatives

Crypto Fund Managers Infuriated with UK Watchdog's Recent Ban on Crypto Derivatives

Crypto fund managers have released an angry response to the UK financial regulator's recent ban on the sales of crypto derivatives to retail consumers.

The Most Unworkable State Law

The Most Unworkable State Law

An Illinois senator has presented a law that would compel crypto node operators, miners, and validators to reverse transactions if ordered by the court, even though it's impossible.

Demand for Blockchain and AI Expected to Push Market Value to $980.7M by 2030: Report

Demand for Blockchain and AI Expected to Push Market Value to $980.7M by 2030: Report

Since blockchain and artificial intelligence are among the greatest technological innovations, their demand is expected to make the market value soar to $980.7 million by 2030, a study suggests.

Samsung to Unveil Galaxy AI

Samsung to Unveil Galaxy AI

Samsung gears up for a revolutionary Galaxy AI debut with the S24 series.

Ripple Co-Founder Reveals Key Factor that Can Drive Up XRP Adoption

Ripple Co-Founder Reveals Key Factor that Can Drive Up XRP Adoption

Ripple co-founder Chris Larsen disclosed what could potentially help in pushing XRP’s popularity higher.

The Metaverse Enjoys Potential to Revamp Existing Brand Marketing, HashCash CEO Says

The Metaverse Enjoys Potential to Revamp Existing Brand Marketing, HashCash CEO Says

Thanks to a 7,200% surge in internet search volumes last year, the metaverse will be a revolutionary innovation that will reshape brand marketing, according to HashCash Consultants CEO Raj Chowdhury.

Binance Faces Lawsuit in Canada for Selling Crypto Derivative Products Without Registration

Binance Faces Lawsuit in Canada for Selling Crypto Derivative Products Without Registration

Binance faces a class-action lawsuit in Canada for allegedly violating securities laws by selling crypto derivative products to retail investors without proper registration, highlighting the significant presence of retail investors.

Thailand Exempts Crypto Transfers from VAT Payments until 2024

Thailand Exempts Crypto Transfers from VAT Payments until 2024

The Thai government has decided to exempt crypto transfers from value-added tax (VAT) payments until December 31, 2023, following a royal decree, the Bangkok Post reported.

Report: OKX Ventures Boosts Ecosystem with Investments in Aark Digital, dappOS, and 0xScope

Report: OKX Ventures Boosts Ecosystem with Investments in Aark Digital, dappOS, and 0xScope

OKX Ventures reveals its September investments in Aark Digital, dappOS, and 0xScope, aimed at bolstering the crypto ecosystem covering Layer2 Derivatives, operating protocol, and knowledge graph protocol. These strategic investments are reflective of OKX Ventures’ continuous endeavor to fuel innovation amidst a rapidly evolving crypto landscape.

Indonesia Set to Impose Income Tax on Crypto Assets from May

Indonesia Set to Impose Income Tax on Crypto Assets from May

Indonesia has announced that it will introduce taxes on crypto assets as part of efforts to generate tax revenue from the rising digital asset trading activities in the country.

GSBN Adopts Blockchain to Share Shipping Data with Financial Insitutiotns

GSBN Adopts Blockchain to Share Shipping Data with Financial Insitutiotns

Global Shipping Business Network (GSBN) has adopted blockchain technology to speed up pilot transactions by unifying the consent collection and sharing of shipping data with financial institutions.

Dutch Government Invests Heavily in AI to Compete Globally

Dutch Government Invests Heavily in AI to Compete Globally

The Dutch government has allocated €204.5 million ($222.07 million) for AI development, signaling a robust commitment to advancing the Netherlands' position in the global AI landscape and adhering to the EU's AI Act.

Binance Australia Derivatives Closes Accounts After False Classification

Binance Australia Derivatives Closes Accounts After False Classification

The Australian Securities and Investments Commission would "target" the company's "classification of retail and wholesale customers."

BitMEX CEO Arthur Hayes Resigns, Following Criminal Charges by CFTC and DoJ

BitMEX CEO Arthur Hayes Resigns, Following Criminal Charges by CFTC and DoJ

BitMEX CEO Arthur Hayes has stepped down from his position, alongside Samuel Reed, the company's CTO.

Exclusive: Gerard Dache, on the Two Contradictions of Facebook Libra

Exclusive: Gerard Dache, on the Two Contradictions of Facebook Libra

In part 2 of the interview, Gerard walked us through some of the recommended bills to the government in fostering blockchain innovation, such as the “Blockchain Promotion Act”. He then shared his views on the nature of Bitcoin and two contradictions of Facebook’s Libra.

JPMorgan CEO Calls for More Regulatory Clarity for Cryptocurrencies

JPMorgan CEO Calls for More Regulatory Clarity for Cryptocurrencies

In a letter to his shareholders, JPMorgan CEO Jamie Dimon cited the need for regulatory clarity for Bitcoin and other cryptocurrencies.

Mercedes-Benz and Volkswagen Unveil Cutting-Edge Voice Assistants at CES 2024

Mercedes-Benz and Volkswagen Unveil Cutting-Edge Voice Assistants at CES 2024

Mercedes-Benz and Volkswagen showcase advanced voice assistant technology at CES 2024, including Mercedes' 'Dialogue Partner' and Volkswagen's ChatGPT integration, enhancing user experience and safety in vehicles with AI-driven innovations.

Samsung Plans to Develop Top-Notch Metaverse Devices to Foster Accessibility

Samsung Plans to Develop Top-Notch Metaverse Devices to Foster Accessibility

Samsung Electronics has revealed plans to make the metaverse more accessible by developing innovative devices as it sees it as a new business model.

Ethics of Web3 Discussed at Paris Blockchain Week

Ethics of Web3 Discussed at Paris Blockchain Week

The second day of Paris Blockchain Week 2023 featured a panel discussion on the Ethics of Web3. The panelists agreed that ethical frameworks often lag behind technology and that innovation comes before any ethical standards are implemented. They highlighted the upcoming Markets in Crypto-Assets framework in the European Union as an example of turning ethics into law to protect people and innovation.

Liquid Exchange Taps Market License to Offer Crypto Derivatives in Japan

Liquid Exchange Taps Market License to Offer Crypto Derivatives in Japan

Digital currency trading platform Liquid Exchange has tapped the Japanese license that now qualifies it as a Type I Financial Instruments Business under the Financial Instruments and Exchange Act.

Pressure Piles Up on BitMEX as Recent Outage Exposes Network Holes

Pressure Piles Up on BitMEX as Recent Outage Exposes Network Holes

Once branded a “Bitcoin casino," BitMEX has plunged into a series of crises over the last few years. The crypto exchange found itself trending on Twitter in the US recently because of the recent shutdown. BitMEX announced that its trading engine went offline for over an hour because of an incident, which the exchange identified as a “major outage."After some investigation, the exchange later announced that that platform restored its online operations. Such outage of BitMEX’s trading engine is the latest in a series of negative circumstances facing the exchange. Currently, as Bitcoin price hits $10,000, the major outage has prompted warnings that the exchange is becoming increasingly unreliable. The outage left customers unable to access their funds.

Here's Why Harvey's $80M Funding is a Game Changer in Legal AI

Here's Why Harvey's $80M Funding is a Game Changer in Legal AI

Harvey raised $715 million in a $80 million Series B funding round, showcasing its advanced AI-powered workflow optimization technology.

The Crypto Council for Innovation Announces First-Ever Leadership Team

The Crypto Council for Innovation Announces First-Ever Leadership Team

The crypto council continues to invest and grow to advance its mission of advocating for benefits of cryptocurrencies to policymakers, regulators, and people around the globe.

CFTC's New Enforcement Action Raises Jurisdictional Concerns Over Crypto Derivatives

CFTC's New Enforcement Action Raises Jurisdictional Concerns Over Crypto Derivatives

CFTC Commissioner Caroline D. Pham criticizes the latest enforcement action for potentially overstepping into SEC’s territory and undermining investor protection laws

Vanity Rolls Out Solution Enabling Crypto Users to Customize their Wallets

Vanity Rolls Out Solution Enabling Crypto Users to Customize their Wallets

For a more personalized experience in the crypto space, Vanity Global has developed a blockchain-based technology that generates a custom prefix of not more than 11 leading characters for any crypto wallet.

FTX CEO Quits Crypto Policy Debate, Allows Crypto Twitter to Carryon

FTX CEO Quits Crypto Policy Debate, Allows Crypto Twitter to Carryon

FTX's Sam Bankman-Fried has willingly left crypto policy debates to "Crypto Twitter"

Investors Double Down on Derivatives Market as Bitcoin Futures Contracts Hit New All-Time High

Investors Double Down on Derivatives Market as Bitcoin Futures Contracts Hit New All-Time High

The derivatives market is growing as the open interest has surged to a new all-time high of $20 billion across major exchanges.

Crypto-Integrity-Tao—The Books And Convention That Will Change Everything

Crypto-Integrity-Tao—The Books And Convention That Will Change Everything

or the first time in technological history, with Blockchain humanity is creating an “Organism-Environment” and a few innovators and futurist are aware of this fact. It will begin this year and deliver incredible rewards, releasing the “spirit” of Blockchain Intersections in a 5G world.

Bank of Lithuania Calls For Uniform Regulation for Digital Financial Innovation Across Europe

Bank of Lithuania Calls For Uniform Regulation for Digital Financial Innovation Across Europe

Bank of Lithuania, Lietuvos Bankas, has proposed uniform regulations throughout the European Union in response to the European Commission’s consultations for the development of the digitalization of financial services in Europe.

CME Group Rolls Out Ether Options for Upcoming Merge

CME Group Rolls Out Ether Options for Upcoming Merge

CME Group, a leading derivatives marketplace, has launched the options of Ether futures, given that the much-anticipated merge has been pushing demand.

ChatQA: A Leap in Conversational QA Performance

ChatQA: A Leap in Conversational QA Performance

The study "ChatQA: Building GPT-4 Level Conversational QA Models" by Zihan Liu, Wei Ping, Rajarshi Roy, Peng Xu, Mohammad Shoeybi, and Bryan Catanzaro from NVIDIA focuses on the development of a new family of conversational question-answering models, including Llama2-7B, Llama2-13B, Llama2-70B, and an in-house 8B pretrained GPT model, which improves 'unanswerable' questions.

Hong Kong Embraces Web3.0 and Advances as an International Crypto Hub, said Chief Executive

Hong Kong Embraces Web3.0 and Advances as an International Crypto Hub, said Chief Executive

Li Ka-chung emphasized Hong Kong's potential in leveraging its strengths as an international financial center and driving the development of cutting-edge technologies, particularly in the realm of Web3.0.

Hong Kong's SFC Warns of Improper Practices by Unlicensed Virtual Asset Trading Platforms

Hong Kong's SFC Warns of Improper Practices by Unlicensed Virtual Asset Trading Platforms

The Hong Kong Securities and Futures Commission (SFC) has warned against unlicensed virtual asset trading platforms (VATPs) engaging in improper practices, including false licensing claims and non-compliance with regulations.

$4B Co-founder Of OneCoin Fraud Pleads Guilty, Faces 60 Years In Prison

$4B Co-founder Of OneCoin Fraud Pleads Guilty, Faces 60 Years In Prison

Karl Sebastian Greenwood, who was one of the co-founders of the fraudulent cryptocurrency scam OneCoin that included several billions of dollars, has entered a guilty plea to numerous counts brought up by the United States Department of Justice. The sentencing hearing for Greenwood is scheduled to take place in front of District Judge Edgardo Ramos on April 5, 2023. He may get a term of up to 60 years in prison at that time.

Crypto Staking in South Korea: Balancing Innovation and Regulation

Crypto Staking in South Korea: Balancing Innovation and Regulation

Balancing innovation and regulation in South Korea's crypto industry, with regulators concerned about staking's potential risks to consumers and market stability.

Polygon Partners with NGO OCEEF for Ocean Conservation Initiatives

Polygon Partners with NGO OCEEF for Ocean Conservation Initiatives

This collaboration between Polygon and OCEEF aims to offer interactive experiences to facilitate ocean conservation actions.

Bitcoin Futures Exchange BitMEX to Block Ontario Crypto Traders

Bitcoin Futures Exchange BitMEX to Block Ontario Crypto Traders

Cryptocurrency derivatives exchange BitMEX announced today that it planned on removing its trading platform services from a Canadian province.

FTX Customer Claims Portal Update: How It Affects Derivative Positions and USD Balances

FTX Customer Claims Portal Update: How It Affects Derivative Positions and USD Balances

The recent updates to the FTX Customer Claims Portal aim to provide more clarity on derivative positions for customers. While these changes may affect the displayed USD balance, they do not impact the overall value of the claims. The valuation of derivative positions is based on FTX exchange pricing as of specific dates and times, with the final USD valuation to be determined later.

BlockSec Launches Phalcon Fork for Collaborative Testing on Ethereum Mainnet

BlockSec Launches Phalcon Fork for Collaborative Testing on Ethereum Mainnet

Blockchain security firm BlockSec has launched Phalcon Fork, a toolkit that enables collaborative testing on private chains forked from arbitrary transaction positions and block numbers on the Ethereum mainnet. The toolkit offers greater control over testing, analysis, and debugging on testnets, with features such as snapshots and a faucet for acquiring free fork network Ether. The Phalcon Fork user manual touts advantages over traditional solutions such as Goerli, including retaining services and states from the mainnet and maintaining full control over block information.

BIS Survey: 93% of Central Banks Engaged in CBDCs, 15 Retail and 9 Wholesale CBDCs Expected by 2030

BIS Survey: 93% of Central Banks Engaged in CBDCs, 15 Retail and 9 Wholesale CBDCs Expected by 2030

The Bank for International Settlements (BIS) has released a survey revealing that 93% of central banks are now engaged in some form of Central Bank Digital Currency (CBDC) work, with retail CBDCs taking the lead over wholesale CBDCs.

Mercari Japan Embraces Bitcoin Payments

Mercari Japan Embraces Bitcoin Payments

Mercari, Japan's e-commerce leader, announces Bitcoin payment integration by June 2024, leveraging its subsidiary Melcoin. This reflects Japan's advanced crypto regulatory environment, fostering digital currency adoption in commerce.

Ethereum's ACDE 171 Paves Way for Devnet Launches and Private ETH Transfers

Ethereum's ACDE 171 Paves Way for Devnet Launches and Private ETH Transfers

The Ethereum developer community discussed various updates in the 171st ACDE meeting held on September 28, 2023. Key topics included the launch of Dencun devnets, EIP-4788 contract bytecode audits, the re-launch of Holesky, a new proposal for private ETH transfers (EIP-7503), and a small amendment to EIP-6780 concerning the SELFDESTRUCT operation. These discussions indicate a proactive approach towards enhancing Ethereum's network ahead of the next ACDE meeting on October 12.

South Korean Advocates for Institutionalization of Cryptocurrencies via Bitcoin Derivatives

South Korean Advocates for Institutionalization of Cryptocurrencies via Bitcoin Derivatives

A South Korean commission dubbed the 4th Industrial Revolution Commission has proposed that the government ought to permit financial institutions to establish cryptocurrency-based products, such as Bitcoin derivatives as they will be instrumental in the long-term institutionalization of cryptocurrencies.

Coinbase Applies to the National Futures Association for Trading Crypto Futures

Coinbase Applies to the National Futures Association for Trading Crypto Futures

Digital currency exchange Coinbase is working hard to become a qualified cryptocurrency derivatives commission merchant.

NVIDIA Doubles Down Investing in Metaverse by Launching New Developer Tools

NVIDIA Doubles Down Investing in Metaverse by Launching New Developer Tools

American technology giant NVIDIA is doubling down on its bet on the metaverse and is empowering creators with the launch of a new set of advanced tools.

IRS Cracking Down on Cryptocurrency Tax Evasion, Seeks Private Crypto Tax Contractors

IRS Cracking Down on Cryptocurrency Tax Evasion, Seeks Private Crypto Tax Contractors

The Internal Revenue Service (IRS) has requested help from independent consultants to crack down on non-compliance in cryptocurrency tax.

David Rubenstein Says Cryptocurrencies Are Here to Stay Despite Price Crash

David Rubenstein Says Cryptocurrencies Are Here to Stay Despite Price Crash

David Rubenstein remained bullish on cryptocurrencies, stating that the burgeoning asset class is not going away any time soon. Rubenstein said that there is an appetite for cryptocurrencies, thus serving as an alternative to the current traditional financial system.

UK Government Wants FCA Oversight on Crypto Investment Advertising

UK Government Wants FCA Oversight on Crypto Investment Advertising

The UK Government has proposed that crypto asset promotions should fall under the scope of the Financial Conduct Authority’s existing oversight and does not require a whole new framework just for digital assets.

CFTC Chairman Calls For Principle-Based Not Rules-Based Regulation For Crypto

CFTC Chairman Calls For Principle-Based Not Rules-Based Regulation For Crypto

Commodity Futures Trading Commission (CFTC) Chairman Heath Tarbert has stated his preference for the financial governance to be principle based rather than a strictly enforced set of rules. This extends to cryptocurrency and digital assets.

Cerus Markets Launches Revolutionary Platform for Crypto Derivatives Trading

Cerus Markets Launches Revolutionary Platform for Crypto Derivatives Trading

On 4th April 2023, Cerus Markets announced the launch of its new platform for easy, safe, and innovative crypto derivatives trading. Founded by industry veterans, Cerus Markets plans to revolutionize the way people trade cryptocurrencies.

Private Market Confidence Rises as Investors Embrace Digital and Healthcare Sectors in 2024

Private Market Confidence Rises as Investors Embrace Digital and Healthcare Sectors in 2024

Adams Street Partners' survey indicates 90% expect private markets to outperform public markets in the long run, with two-thirds planning to enhance allocations in 2024, highlighting digital disruption's importance.

Fed Chair Powell Asserts Money Supply is for Central Banks not Private Sector

Fed Chair Powell Asserts Money Supply is for Central Banks not Private Sector

Federal Reserve Chairman Jerome Powell asserted that the private sector has no place in money issuance and by extension the development of a Central Bank Digital Currency (CBDC).

Vietnam Blockchain Association Signs Strategic Partnership with Binance To Drive Blockchain Innovation

Vietnam Blockchain Association Signs Strategic Partnership with Binance To Drive Blockchain Innovation

The Vietnam Blockchain Association and Binance will collaborate on developing innovation for the local blockchain ecosystem.

Spot, Derivatives Trading Volumes across Crypto Exchanges Fell over 15% since May

Spot, Derivatives Trading Volumes across Crypto Exchanges Fell over 15% since May

Overall spot and derivatives trading volumes have fallen over 15% since May to around $4.2 trillion across exchanges as cryptocurrency trading volumes have plummeted.

Ninety Eight Launches $25M Ecosystem Fund to Boost Web3 Startups in Asia

Ninety Eight Launches $25M Ecosystem Fund to Boost Web3 Startups in Asia

Ninety Eight, transitioning from Coin98 Finance, has launched a $25M Ecosystem Fund to support Web3 startups in Asia, leveraging the Viction blockchain and $C98 token.

US Federal Reserve to Create Cryptocurrency Team Amid Concerns Over Unregulated Stablecoins

US Federal Reserve to Create Cryptocurrency Team Amid Concerns Over Unregulated Stablecoins

The US Federal Reserve is planning to establish a specialized team of experts to keep up with developments in the cryptocurrency industry, specifically focusing on stablecoins. The move comes amid concerns that unregulated stablecoins could put households, businesses, and the broader economy at risk. While acknowledging the transformative potential of cryptocurrencies, the Federal Reserve believes that appropriate guardrails need to be in place to ensure that the benefits of innovation can be realized.

Why is everyone going crazy over NFT?

Why is everyone going crazy over NFT?

Dmytro Volkov, CTO of the international cryptocurrency exchange CEX.IO, has over 15 years ’work experience in IT, including over 10 years in financial markets. He has optimized the technology and processes at the CEX.IO exchange, as well as the trading and analytics systems and integrations with external systems. Equally, he has created the CEX.IO Broker platform to trade derivatives, an author of trainings on financial and tech topics as well as a speaker at industry-wide conferences.

Blockchain's Adoption & Capabilities Increase against Fraud in Public Finance Sector

Blockchain's Adoption & Capabilities Increase against Fraud in Public Finance Sector

Based on blockchain’s inherent capability of tackling fraudulent transactions, this cutting-edge technology is expected to continue being adopted in the banking and financial services sector, according to HashCash Consultants CEO Raj Chowdhury.

Meta's Strategic AI Expansion with Nvidia GPUs and New Llama Model

Meta's Strategic AI Expansion with Nvidia GPUs and New Llama Model

Meta plans to invest 350,000 H100 GPUs by 2024, enhancing its AI infrastructure, training the Llama 3 model, and restructuring its organization to drive AI-driven innovation.

Digital Currencies Impede US Treasury Sanction Efforts, Report says

Digital Currencies Impede US Treasury Sanction Efforts, Report says

The United States Treasury Department revealed that digital currencies pose a critical impediment to sanctions strategy and policies.

Exclusive: Bitcoin - The Killer App in Africa and Latin America?

Exclusive: Bitcoin - The Killer App in Africa and Latin America?

We are glad to have an in-depth interview with Ray, CEO of Paxful on Paxful’s strategies into Africa and Latin America. He also explained the biggest challenge in driving Bitcoin adoption: how to deal with scammers!

Bank of England Tests DLT Settlement System

Bank of England Tests DLT Settlement System

The Bank of England and the BIS Innovation Hub London Center successfully tested a distributed ledger technology-powered settlements system through Project Meridian, which could be extended to other asset classes to reduce time, costs, and risks of transactions.

Dragonfly Capital Invests $10 Million in Bitget

Dragonfly Capital Invests $10 Million in Bitget

Dragonfly Capital has invested $10 million in cryptocurrency derivatives exchange Bitget to support its global market and service expansion and corporate social responsibility initiatives for crypto education and adoption. Bitget plans to expand its spot trading, launchpad, and Bitget Earn products. Despite the FTX collapse, cryptocurrency derivatives exchanges have recovered, and central exchanges' open interest has risen to approximately $68.5 billion.

Bitcoiner to Conduct Robotic Search for 8,000 BTC Lost in Landfill

Bitcoiner to Conduct Robotic Search for 8,000 BTC Lost in Landfill

James Howells, a Bitcoiner that mistakenly threw away a hard drive containing 8,000 Bitcoin units he mined back in 2009, has reportedly put up a highly specialized team to help dig up in the landfill.

BitMEX Co-Founder Proposes Bitcoin-Backed Stablecoin

BitMEX Co-Founder Proposes Bitcoin-Backed Stablecoin

Arthur Hayes, the co-founder and former CEO of BitMEX, has proposed creating a new stablecoin called the Satoshi Nakamoto Dollar (NUSD) or NakaDollar. Unlike major reserve-backed U.S. dollar-pegged stablecoins, the proposed NakaDollar would be pegged to the sum of $1 worth of Bitcoin and one inverse perpetual swap of BTC against USD, without relying on any USD reserves. The stablecoin's peg to the U.S. dollar would be maintained via mathematical transactions between the new decentralized autonomous organization (DAO) authorized participants and derivatives exchanges.

CoinGlass: The Comprehensive Crypto Derivatives Data Platform

CoinGlass: The Comprehensive Crypto Derivatives Data Platform

CoinGlass provides an analytical edge to traders with its extensive derivatives data, including open interest, funding rates, and liquidation across various crypto assets.

Lightspeed Faction Unveils $285M Fund for Blockchain Innovation

Lightspeed Faction Unveils $285M Fund for Blockchain Innovation

Lightspeed Faction has launched a $285 million venture fund, focusing on early-stage blockchain projects, highlighting the growing importance and potential of blockchain technology in various sectors.

Ripple Launches Engineering Hub in Toronto, Boosting Crypto Growth and Innovation

Ripple Launches Engineering Hub in Toronto, Boosting Crypto Growth and Innovation

Crypto and blockchain solutions provider Ripple has opened a key engineering hub in Toronto, Canada, to enhance crypto innovation.

Former Sequoia Partner Michelle Fradin, Involved in FTX Investment, Joins OpenAI

Former Sequoia Partner Michelle Fradin, Involved in FTX Investment, Joins OpenAI

Michelle Fradin, former Sequoia Capital executive, joins OpenAI to lead data efforts, specializing in venture capital and AI, focusing on FTX investment and large language model integration.

Gemini Launches Offshore Derivatives Platform

Gemini Launches Offshore Derivatives Platform

Gemini is launching an offshore derivatives platform, Gemini Foundation, which will offer services to customers in over 30 countries. The platform’s first derivatives contract will be a Bitcoin perpetual contract denominated in Gemini Dollar. The move comes as the regulatory environment for crypto firms in the United States becomes more uncertain.

Singapore's Central Bank Paves the Way for Regulatory Oversight of Cryptocurrency Derivatives Trading

Singapore's Central Bank Paves the Way for Regulatory Oversight of Cryptocurrency Derivatives Trading

The Monetary Authority of Singapore (MAS) has revealed regulatory plans to permit the trading of cryptocurrency derivatives on select platforms. This oversight strategy is being fronted because investors are considerably favoring these products.

Strike Secures $80m in Funding to Propel Instant Bitcoin Payments

Strike Secures $80m in Funding to Propel Instant Bitcoin Payments

Strike raised $80 million in funding to revamp BTC payments for top financial institutions, marketplaces, and merchants.

South Korea Regulator Probes Crypto Staking Services

South Korea Regulator Probes Crypto Staking Services

South Korea's Financial Supervisory Service checks exchanges' crypto staking services for legality.

UNICEF Cryptocurrency Fund Invests in Tech Startups Fighting COVID-19 in Emerging Economies

UNICEF Cryptocurrency Fund Invests in Tech Startups Fighting COVID-19 in Emerging Economies

Eight technology companies in developing and emerging economies will receive investment from the UNICEF Cryptocurrency Fund (CryptoFund) to solve local and global challenges.

Bitcoin Funding Rate Flips Positive as 2.1 Million BTC Return to Profitability

Bitcoin Funding Rate Flips Positive as 2.1 Million BTC Return to Profitability

BTC funding rate flipped positive based on Bitcoin's upward momentum.

$790 Million Worth of Ethereum Options Will Expire Today

$790 Million Worth of Ethereum Options Will Expire Today

$790 million Ethereum options will expire today, providing speculators with the last opportunity to buy or sell Ethereum (ETH) at a predetermined price.

Minima Launches Innovation Challenge Campaign Compeition

Minima Launches Innovation Challenge Campaign Compeition

Minima, an ultra-lean blockchain network, launched an innovation challenge to spur more growth in its ecosystem.

BlackRock Launches Bitcoin Private Trust after Building Partnership with Coinbase

BlackRock Launches Bitcoin Private Trust after Building Partnership with Coinbase

Days after BlackRock entered into a partnership with Coinbase to offer its institutional clients access to crypto trading services, the firm announced the launch of a spot Bitcoin Private Trust.

Web3 Security Losses Skyrocket to $889.26M in Q3 2023, Says Beosin Report

Web3 Security Losses Skyrocket to $889.26M in Q3 2023, Says Beosin Report

The Q3 2023 Global Web3 Security Report, jointly initiated by Beosin and SUSS NiFT, reveals a concerning escalation in the Web3 security landscape. The report shows that losses from hacks, phishing scams, and rug pulls reached $889.26M in Q3 2023, exceeding the combined losses of the first two quarters. The report also highlights the increasing threat posed by North Korea's Lazarus group.

Spheroid to Launch AI Avatars in Augmented Reality

Spheroid to Launch AI Avatars in Augmented Reality

Spheroid Universe, a futuristic Metaverse that augments the real world in every part of the Earth, has announced the upcoming launch of artificial intelligence (AI) Avatars that will inhabit the world around us via augmented reality (AR). This ground-breaking development will deliver breakthrough opportunities across numerous business platforms - from e-commerce and retail to advertising, sales, general customer, and consumer interactions and more.

Microsoft's AI Revolution: CEO Satya Nadella Unveils Bold Tech-infused Vision

Microsoft's AI Revolution: CEO Satya Nadella Unveils Bold Tech-infused Vision

Microsoft CEO, Satya Nadella, unveiled a new AI-driven vision in his annual letter, emphasizing the integration of AI across all products and tech stacks. Highlighting collaborations like that with OpenAI and innovations like AI Copilot, Nadella showcased Microsoft's preparedness to lead in this new AI era. The discourse also touched on the broader global impact and the firm's commitment to responsible AI and cybersecurity.

Blockchain Industry Leaders R3 and FORMS HK join Cyberport to Launch “Block AdVenture” Program

Blockchain Industry Leaders R3 and FORMS HK join Cyberport to Launch “Block AdVenture” Program

Hong Kong's innovation hub, Cyberport along with leading global enterprise blockchain platform provider R3 and FORMS HK have launched the Block AdVenture program.

Chairman McHenry Sharply Criticizes U.S. Treasury and IRS Over Digital Asset Reporting Proposals

Chairman McHenry Sharply Criticizes U.S. Treasury and IRS Over Digital Asset Reporting Proposals

House Financial Services Committee Chairman Patrick McHenry expresses concerns over proposed digital asset reporting requirements, urging the Biden Administration to collaborate with Congress to establish clear regulations and protect market participants' privacy.

FDIC Requires Potential Buyers of Failed U.S. Banks to Give Up Crypto Services

FDIC Requires Potential Buyers of Failed U.S. Banks to Give Up Crypto Services

The FDIC has asked banks interested in acquiring failed U.S. lenders, Silicon Valley Bank and Signature Bank, to submit bids by March 17. The authority will only accept bids from banks with an existing bank charter, prioritizing traditional lenders over private equity firms. The FDIC has also required any buyer of Signature to agree to give up all cryptocurrency business at the bank. This news comes amid concerns expressed by U.S. Representative Tom Emmer that the federal government is “weaponizing” issues around the banking industry to go after crypto.

dYdX Founder Foresees 100x Growth in DeFi Derivatives

dYdX Founder Foresees 100x Growth in DeFi Derivatives

Antonio Juliano, founder of dYdX, predicts DeFi derivatives will grow 100x in the next few years, accounting for 2% of crypto derivative volume. This optimistic projection highlights the potential for investors and traders.

Japan’s Major Banks Join Consortium of Private Firms to Launch Yen-Based Digital Currency

Japan’s Major Banks Join Consortium of Private Firms to Launch Yen-Based Digital Currency

The private sector in Japan has joined forces to examine the trial and launch of a CBDC as a way of streamlining large funds transfers and settlements among financial firms.

Crypto Exchange FTX Raises $900M in Series B Financing with a Market Cap valued at $18B

Crypto Exchange FTX Raises $900M in Series B Financing with a Market Cap valued at $18B

The American cryptocurrency exchange giant FTX.COM announced the completion of a $900 million Series B financing dedicated to expanding FTX's international influence, aiming to become the top exchange worldwide within two years.

Cross-Chain Crime Hits $7B: North Korean Ties Unveiled

Cross-Chain Crime Hits $7B: North Korean Ties Unveiled

The recent revelation by Elliptic highlights a troubling surge in cross-chain crime, now amounting to $7 billion, with North Korean affiliated Lazarus Group playing a significant role. These findings from the 2023 edition of 'The State of Cross-chain Crime' report, outstrip previous forecasts, underscoring an urgent call for bolstered security measures and refined blockchain analytics to confront the escalating menace.

Huobi To Restrict Derivatives Trading for New Zealand Users

Huobi To Restrict Derivatives Trading for New Zealand Users

Huobi has made an official announcement that it will impose restrictions on derivatives products for users in New Zealand.

CFTC Slams Kraken with $1.25M for Illegal Market Operations

CFTC Slams Kraken with $1.25M for Illegal Market Operations

The CFTC says Kraken has been fined and is required to pay the sum of $1.25 million for illegally offering margined retail commodity transactions in digital assets

$3.6 Billion Worth of Bitcoin Options Will Expire Today

$3.6 Billion Worth of Bitcoin Options Will Expire Today

Today, $3.6 billion in Bitcoin options will expire. This provides investors with the last opportunity to buy or sell Bitcoin at a predetermined price.

California Governor Signs Digital Financial Assets Bill, Tightening Crypto Regulations from July 2025

California Governor Signs Digital Financial Assets Bill, Tightening Crypto Regulations from July 2025

California Governor Gavin Newsom signed the Digital Financial Assets Law on October 13, 2023, initiating a robust regulatory framework for cryptocurrency activities in the state from July 1, 2025. The law necessitates licensure from the Department of Financial Protection and Innovation for individuals and businesses dealing in digital assets. This regulatory shift, contrasting Newsom’s earlier stance in 2022, aligns with broader national trends towards formalizing digital asset transactions to curb fraud and enhance consumer protection.

Crypto Exchange FTX Lists Dollar Spot Index Perpetual Futures

Crypto Exchange FTX Lists Dollar Spot Index Perpetual Futures

Cryptocurrency exchange FTX has listed perpetual futures linked to the US dollar spot index, and it is expanding its business scope to the field of foreign exchange derivatives trading.

Bullish Sentiment Restores in Crypto Derivatives Markets, Surged to $3.12 Trillion in July

Bullish Sentiment Restores in Crypto Derivatives Markets, Surged to $3.12 Trillion in July

Data shows that investors in the crypto ecosystem have increased their exposure to derivatives markets, with trading volume on central exchanges rising to $3.12 trillion in July, up 13 % from the previous month.

What Will Be The State of Bitcoin Going Forward?

What Will Be The State of Bitcoin Going Forward?

Dmytro Volkov, CTO of the international cryptocurrency exchange CEX.IO, has over 15 years ’work experience in IT, including over 10 years in financial markets. He has optimized the technology and processes at the CEX.IO exchange, as well as the trading and analytics systems and integrations with external systems. Equally, he has created the CEX.IO Broker platform to trade derivatives, an author of trainings on financial and tech topics as well as a speaker at industry-wide conferences.

Samsung Adds New Crypto Feature to Their Devices with “Stellar” Blockchain

Samsung Adds New Crypto Feature to Their Devices with “Stellar” Blockchain

Samsung device users can now securely store the private keys of their cryptocurrency wallet on their phone, with a recent add-on feature by the Stellar Development Foundation (SDF).

HKMA Launches Project Ensemble to Bolster Tokenisation in Finance

HKMA Launches Project Ensemble to Bolster Tokenisation in Finance

HKMA initiates Project Ensemble, a key move to advance the tokenisation market and explore wCBDC applications in Hong Kong's financial sector.

SEC Commissioner Hester Peirce Confirmed for Second Term By US Senate, Crypto Mom Will Remain Until 2025

SEC Commissioner Hester Peirce Confirmed for Second Term By US Senate, Crypto Mom Will Remain Until 2025

The United States Senate has voted in Commissioner Hester Peirce of the Securities and Exchange Commission for a second term that will see her remain with the regulator until 2025.

Italian Luxury Fashion Brand Salvatore Ferragamo Opens NFT Booth in Soho

Italian Luxury Fashion Brand Salvatore Ferragamo Opens NFT Booth in Soho

Salvatore Ferragamo, the Italian luxury fashion brand has entered the Non-Fungible Token (NFT) scene in grand style

FTX Exchange's Proposal Becomes the Focus of CFTC Chair's Hearing in Congress

FTX Exchange's Proposal Becomes the Focus of CFTC Chair's Hearing in Congress

Rostin Behnam, the chairman of the Commodity Futures Trading Commission (CFTC) was at a hearing, one of the core subjects of discussion was a proposal from FTX Derivatives Exchange.

Australia Zoo Rolls Out NFT Project to Pay Tribute to Wildlife Warriors’ Conservation Efforts

Australia Zoo Rolls Out NFT Project to Pay Tribute to Wildlife Warriors’ Conservation Efforts

To celebrate the 20th anniversary of Wildlife Warriors’ role in protecting injured, threatened, or endangered wildlife, Australia Zoo has launched an NFT project to raise funds and awareness to protect Australia’s wild places and wildlife.

CFTC FinTech Research Wing Welcomes Innovators to Discuss with Regulators With its New Office Hours

CFTC FinTech Research Wing Welcomes Innovators to Discuss with Regulators With its New Office Hours

LabCFTC, the United States Commodity Futures Trading Commission’s FinTech research wing, is planning to host office hours during the New York FinTech Week.

FCA Unveils Guidance on Cryptoasset Promotions Compliance

FCA Unveils Guidance on Cryptoasset Promotions Compliance

The UK's Financial Conduct Authority has issued a finalised non-handbook guidance on Cryptoasset Financial Promotions, aiming to clarify compliance with new laws and balance consumer protection with innovation for long-term economic growth.

Private Firms Can Boost Innovation of Central Bank Digital Currency, says IMF

Private Firms Can Boost Innovation of Central Bank Digital Currency, says IMF

A synthetic Central bank digital currency (CBDC) could create new pathways for innovation according to a senior member of the International Monetary Fund (IMF).

India Proposes Effective Ban for All Private Crypto Assets, Except a Few In Forthcoming Bill

India Proposes Effective Ban for All Private Crypto Assets, Except a Few In Forthcoming Bill

Most cryptocurrencies appear to be on their last lap in India. The country is set to propose a ban for most digital assets starting at the end of this month.

Rabbit Inc Introduces AI-Powered r1 Device for Mobile Interaction

Rabbit Inc Introduces AI-Powered r1 Device for Mobile Interaction

Rabbit Inc's r1, an AI-powered mobile device featuring the innovative Large Action Model OS, was showcased at CES 2024, offering a novel approach to mobile interaction and user convenience.

BitMEX Founder Ben Delo Surrenders and Will Face Trial on Charges of Failing to Implement AML Programs

BitMEX Founder Ben Delo Surrenders and Will Face Trial on Charges of Failing to Implement AML Programs

Ben Delo has surrendered himself to US authorities to clear his name in court and defend against the charges.

Miami International Holdings Partners with Lukka, Launching Crypto Derivatives

Miami International Holdings Partners with Lukka, Launching Crypto Derivatives

Miami International Holdings and Lukka are preparing to participate in the crypto derivatives ecosystem. Both institutional and retail demands continue to rise significantly in this space.

Binance Suspends Crypto-based Derivatives Products in Hong Kong

Binance Suspends Crypto-based Derivatives Products in Hong Kong

Binance announced Friday that it no longer allow Hong Kong users to open new derivatives accounts, effective immediately.

Lenny Bogdonoff Leaves OpenAI, Reflecting High Workload with 6-Day Weeks

Lenny Bogdonoff Leaves OpenAI, Reflecting High Workload with 6-Day Weeks

Lenny Bogdonoff, a key contributor to OpenAI's ChatGPT and other AI initiatives, has ended his tenure with an intense six-day workload, a role he has played in the company's culture and technological advancements.

Bitcoin Pumps to Mid-June Levels following Boris Johnson’s Resignation

Bitcoin Pumps to Mid-June Levels following Boris Johnson’s Resignation

Bitcoin (BTC) hit the $22K level, a scenario last seen in mid-June after Boris Johnson resigned as the UK prime minister.

Senator Lummis Advocates for Clear Crypto Regulations

Senator Lummis Advocates for Clear Crypto Regulations

US Senator Cynthia Lummis emphasizes the need for robust regulations in the crypto industry, targeting bad actors rather than the technology. She reintroduces the Lummis-Gillibrand bill to enhance oversight and protect against abuse, stressing the distinction between innovative crypto assets and illicit activities.

Binance Labs Invests in Memeland's MEME Token: Here is Why

Binance Labs Invests in Memeland's MEME Token: Here is Why

Binance Labs invests in Memeland's MEME Token, bolstering SocialFi and meme culture, sparking significant market interest and growth.

Australia Evaluates Mandatory AI Rules in High-Risk Areas

Australia Evaluates Mandatory AI Rules in High-Risk Areas

Australia is considering mandatory regulations for AI development in high-risk areas, balancing innovation with public safety, ethical concerns, and global alignment in AI governance.

BitMEX's Greg Dwyer Pleads Guilty for Role in Money Laundering Case

BitMEX's Greg Dwyer Pleads Guilty for Role in Money Laundering Case

Greg Dwyer has pleaded guilty to money laundering charges associated with BitMEX in a US court in Manhattan.

CME Group to Launch Euro-Denominated Bitcoin, Ether Futures on August 29

CME Group to Launch Euro-Denominated Bitcoin, Ether Futures on August 29

CME is about to launch Euro-denominated Bitcoin and Ether Futures products to meet the ever-growing demand for derivatives from an influx of retail and institutional investors.

Polygon Labs Unveils New PoS Testing Toolkit to Enhance Devnet Operations

Polygon Labs Unveils New PoS Testing Toolkit to Enhance Devnet Operations

Polygon Labs' Polygon PoS v1 Testing Toolkit revolutionizes blockchain innovation with advanced deployment, efficient testing, and automated processes, marking a milestone for Web3's future.

Aptos Unveils Winners of the Singapore World Tour Hackathon

Aptos Unveils Winners of the Singapore World Tour Hackathon

Aptos Network announced the winners of its #AptosWorldTour Hack Singapore on October 27, 2023, showcasing 14 innovative projects across five tracks, including NFTs, DeFi, Infrastructure, and Web3 x AI, with winners like @IntoTheVerse_, @aptospayment, dAptoRator, @EconiaLabs, and @aptscan_ai.

BitMEX CEO Arthur Hayes Agrees to Surrender to U.S. Authorities

BitMEX CEO Arthur Hayes Agrees to Surrender to U.S. Authorities

Fugitive executives of crypto derivatives exchange BitMEX have been discussing a surrender agreement with the U.S. government.

Blockchain Fights Climate Change

Blockchain Fights Climate Change

The World Economic Forum (WEF) has published a white paper outlining how blockchain technology can aid in the fight against climate change. Blockchain can improve market transparency, enhance trust and ambition within climate negotiations, democratize access to climate action, and funnel more funds to project developers. The WEF also stressed the need for constructive regulation to support digital climate innovation.

KKR Tokenizing Part of its Private Equity Fund on Avalanche Blockchain

KKR Tokenizing Part of its Private Equity Fund on Avalanche Blockchain

KKR plans to tokenize part of its second Health Care Strategic Growth Fund to expand individual investors’ access to private investment vehicles.

Tether Advances Global Blockchain Ambitions with Uzbekistan Partnership

Tether Advances Global Blockchain Ambitions with Uzbekistan Partnership

Tether partners with Uzbekistan's NAPP to develop blockchain and peer-to-peer telecommunication, aiming to fuel innovation and economic growth.

HKPF and SFC Form Joint Working Group to Tackle Illicit Activities in VATPs

HKPF and SFC Form Joint Working Group to Tackle Illicit Activities in VATPs

The HKPF and SFC have formed a joint working group to enhance monitoring and investigation of illegal activities related to VATPs. The group aims to facilitate information sharing, assess risks, and collaborate on investigations. The move comes amid ongoing investigations into the unlicensed operations of the Dubai-based JPEX exchange.

Thai Government Announces Blockchain Technology Adoption in Finance Agencies to Enhance Work Efficiency

Thai Government Announces Blockchain Technology Adoption in Finance Agencies to Enhance Work Efficiency

The Thai government has remained visible as one of the leading governments committed to adopting blockchain technology. Many innovations concerning blockchain use cases can be learned from the government.

The UK's HMRC Begin Tax Talks for Cryptocurrency

The UK's HMRC Begin Tax Talks for Cryptocurrency

November 2019 has seen newly published guidelines come into place, with Her Majesty’s Revenue and Customs (HMRC) collecting advice and consulting with third parties to create new principles on different taxes in the United Kingdom.

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