Day: 22 August 2024

Several prominent cryptocurrency organizations, including Joba Network, BaseGPT, and Matrix AI, have strongly supported the crypto community's efforts to ensure that their voices will be heard and felt in the upcoming 2024 US presidential election. Crypto’s voice is being heard loud and clear — Joba Network (@JobaNetwork) August 22, 2024 ...

The crypto community is on edge as the ongoing repayment process for victims of the Mt. Gox crash raises concerns about market stability. Nobuaki Kobayashi, the trustee overseeing the Mt. Gox bankruptcy, recently announced that repayments are being processed through crypto exchanges like Kraken, Bitstamp, BitGo, and Japan's Bitbank.  This ...

At the Nashville Bitcoin 2024 conference, Senator Cynthia Lummis (R-Wyo.) unveiled a "revolutionary proposal" for the U.S. government to start investing in Bitcoin. Her idea is to add Bitcoin to the nation's strategic reserve assets as a tool to fight inflation and stabilize the dollar's value. Following her announcement, Senator ...

Singaporean banking giant DBS has launched a blockchain-based solution that leverages smart contracts to simplify and expedite the distribution of government grants.  According to local media reports, DBS completed a pilot project in partnership with Enterprise Singapore and the Singapore Fintech Association (SFA). During the pilot, 27 local fintech firms ...

The Indian government will release a public consultation paper on comprehensive cryptocurrency regulations between September and October 2024, according to a new report from CNBC.  The report revealed that a special panel, headed by the Secretary of the Department of Economic Affairs (DEA), will release the paper to gather input ...

Hong Kong's ambitions to become a crypto hub are facing challenges. Over a dozen exchanges grapple with regulatory concerns, making it difficult to secure full licenses. According to a Bloomberg report citing insiders, cryptocurrency exchanges in Hong Kong are having difficulties obtaining full licences despite the city's efforts to establish ...

Layer 1 blockchain network Aptos is preparing to collaborate with Rarible, a leading non-fungible token (NFT) marketplace. The partnership, which Aptos describes as a potential "game-changer" for both platforms, aims to introduce new possibilities for NFT applications. In a forum post on August 22, a global community manager for the ...

Binance will dedicate at least 20% of its new hires to compliance efforts, CEO Richard Teng stated in a recent interview with Bloomberg.  The crypto exchange is reportedly preparing to expand its workforce by 1,000 employees this year. According the CEO, they will grow their compliance team to 700 employees ...