AggLayer will connect all Web3, including L1s like Ether and Solana: Polygon Labs CEO
Polygon’s AggLayer will unite the entire blockchain space to provide “infinite scalability,” according to Polygon Labs’ CEO.
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Philippine SEC Warns of International Ponzi Offering 300% Daily Returns
The Philippines Securities and Exchange Commission (SEC) warned of a crypto Ponzi scheme targeting Filipino, Australian, and European investors on March 30.The scheme, Bitcoin Revolution, comprises a classic Ponzi in which investors are offered exorbitant compounding daily returns on deposited funds.Bitcoin Revolution claims to have software that produces trades with a success rate of between…
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Meta chief AI scientist says AI won’t threaten humans
Yann LeCun a chief AI scientist at Meta said labeling the existential risk of AI is “premature” and it’s “preposterous” that AI might kill off humanity. 37 Total views 5 Total shares The chief artificial intelligence (AI) scientist at Meta has spoken out, reportedly saying that worries over the existential risks of the technology are
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Coronavirus Encourages CBDC Developments: Deutsche Bank Strategist
The ongoing coronavirus pandemic accelerates central bank digital currency (CBDC) developments, according to Deutsche Bank macro strategist Marion Laboure.In a tweet from April 3, Deutsche Bank cites Laboure’s claim that the risk of cash spreading the coronavirus further will motivate authorities to consider digital alternatives.CBDCs: a necessary response to the coronavirusAs Cointelegraph reported in mid-February,…
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Crypto exchange OKCoin taps FIS subsidiary Worldpay to lead global expansion
“Worldpay has extensive experience guiding cryptocurrency exchanges through the complexities of the global payment ecosystem,” said Jason Pavona, a general manager with Worldpay Solutions. Cryptocurrency exchange OKCoin has selected merchant service provider Worldpay to aid in its expansion efforts, which includes bringing crypto-to-crypto payments to a global audience. OKCoin will leverage Worldpay’s foreign exchange services, allowing…
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Bitcoin whitepaper fight could end up in court as both parties escalate drama
The dispute over the legal ownership of the Bitcoin whitepaper could make it all the way to the courts as one website owner refuses to back down from Craig Wright's legal threats. 2831 Total views 11 Total shares The unfolding drama surrounding the ownership of the Bitcoin (BTC) whitepaper could very well make its way…
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Binance Reveals Results of Crypto Donations for Flood Relief in Japan
The world’s largest cryptocurrency exchange Binance has released a report on crypto donations to provide relief for West Japan following devastating floods in mid-July, according to a blog post published Oct. 24.From late June to mid-July, record downpours in southwestern Japan caused floods and landslides, wherein over 8 million people were advised to evacuate across…
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Petition hopes to stop US government agencies from using Chainalysis’ forensics
According to the petition on Change.org, Chainalysis’ unproven technology can lead to an assortment of privacy violations. 95 Total views 1 Total shares A petition was created on Change.org on Sept. 12 to oppose the use of Chainalysis forensic services by federal agencies. The petition questioned Chainalysis’ accuracy and raised legal issues related to the
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South Korea to Bring Crypto Exchanges Under Direct Regulation
The Financial Intelligence Unit (FIU) of South Korea's Financial Services Commission has revealed plans to bring cryptocurrency exchanges under its direct regulation.On August 7, Business Korea reported on the FIU’s decision to shift away from its current practice of regulating crypto exchanges indirectly by providing administrative guidance to domestic banks.A shift away from indirect regulationIn…