Day: 8 June 2023

The European Consumer Organization (BEUC), Europe's top Consumer rights group, has raised concerns about the prevalence of misleading information and inadequate risk disclosure surrounding cryptocurrency ads on social media platforms. TikTok, Instagram, Twitter & YouTube are responsible for allowing misleading advertisements of crypto to multiply through ads & influencers. This ...

The U.S. House of Representatives Subcommittee on Innovation, Data, and Commerce of the Energy and Commerce Committee held a hearing on June 7, 2023, to discuss the future of Web3 and blockchain technology in the country.  Prominent figures from the industry, including Ryan Wyatt, president of Polygon Labs, and representatives ...

The Financial Conduct Authority (FCA) of the United Kingdom announced on June 8, 2023, that it would introduce stringent regulations to improve investor protection and promote a better understanding of risks among investors.  The new regulations, effective from October 8, 2023, primarily target cryptocurrency services in the country. These regulations ...

Web3 data intelligence firm, Forkast Labs, has announced a partnership with The Sandbox, a subsidiary of Animoca Brands and a decentralized gaming virtual world. The collaboration aims to redefine measurement standards and transform the assessment of digital asset value within the metaverse. Under the partnership, Forkast will introduce 'Forkast Indexes,' ...

Commonwealth Bank (CBA), a leading Australian bank, has implemented proactive measures to mitigate potential fraud risks associated with cryptocurrency transactions. In an announcement on June 8, 2023, the bank revealed that it will now refuse or subject certain payments to a 24-hour hold when dealing with cryptocurrency exchanges. This decision ...

In a significant leadership change, GameStop has fired its CEO, Matthew Furlong, and appointed billionaire investor Ryan Cohen as executive chairman. The company confirmed Furlong's termination in a statement on June 7, 2023, without providing an explanation for the decision. Furlong also resigned from his position as a company director ...