Bybit surpasses Coinbase in market share after Binance's decline
Bybit became the world’s second-largest crypto exchange, while the leading exchange, Binance, has lost some market share due to previous regulatory issues.
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US Congress Considers a Draft Bill Claiming Stablecoins Are Securities
United States Congress is considering a draft bill that claims all managed stablecoins must be seen as investment contracts and therefore as securities.Libra in the United StatesThe U.S. Representative for Texas's 29th congressional district, Sylvia Garcia, introduced a draft bill to the House Financial Services Committee on Oct. 18. The draft bill, called the ‘‘Stablecoins…

Vitalik Buterin: Ethereum ‘fails’ without these 3 important ‘transitions’
Layer-2 scaling, wallet security and privacy-preserving features are all necessary to secure Ethereum’s future, according to the Ethereum co-founder. Ethereum co-founder Vitalik Buterin believes the success of Ethereum will come down to three major technical “transitions” that need to happen almost simultaneously — layer-2 scaling, wallet security and privacy-preserving features.In a June 9 post via…

Can blockchain help combat climate change?
With rising temperatures, melting ice caps and more frequent and intense extreme weather events, the effects of climate change are becoming more and more obvious. There is an urgent need to prevent climate change, and numerous technologies and methods are being investigated to do so. Blockchain technology is one of these possibilities, and it has…

Traditional Exchanges Pull Back From Reg A+ IPOs Due to Fraud Concerns
Traditional exchanges are holding off on Reg A+ initial public offerings (IPOs) following problematic offerings like that of purported cryptocurrency firm Longfin Corp., the Wall Street Journal (WSJ) reported on June 10.Earlier in June, the United States Securities and Exchange Commission’s (SEC) filed fraud charges against Longfin. The SEC claimed that Longfin fabricated 90% of…

Circle freezes blacklisted Tornado Cash smart contract addresses
Stablecoin issuers can blacklist interactions with the Tornado Cash dApp on the Ethereum smart contract level. 724 Total views 27 Total shares According to crypto data aggregator Dune Analytics, on Monday, Circle, the issuer of the USD Coin stablecoin (USDC), froze over 75,000 USDC worth of funds linked to the 44 Tornado Cash addresses sanctioned…

Regulations and exchange delistings put future of private cryptocurrencies in doubt
The core principles of cryptocurrency were based on financial independence, decentralization and anonymity. With regulations being the key to mass adoption, however, the privacy aspect of the crypto market seems to be in jeopardy.In 2022, even though no particular country has come up with a universal regulatory outline that governs the whole crypto market, most…

Web3 chess game developer shutters play-to-earn due to ‘heavy cheating’
Both in-game Checkmate token rewards and NFT gameplay modes will be disabled. 424 Total views 2 Total shares Developers of the blockchain chess game Immortal Game are pulling the plug on its play-to-earn (P2E) and nonfungible token (NFT) features due to rampant cheating.According to the Dec. 13 announcement, while developers continue to build Immortal Game

Progmat, DMM partner to introduce stablecoin for Seamoon Protocol
The DMM conglomerate hopes the coins powering its anime-filled Web3 ecosystem will be used with and among its partners as well.