DFX Labs clears Hong Kong’s AML requirement for crypto license
While not yet permitted to trade, DFX Labs is deemed licensed for virtual asset services by the Securities and Futures Commission of Hong Kong.
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AI Eye: AI travel booking hilariously bad, 3 weird uses for ChatGPT, crypto plugins
Can you book flights and hotels using AI? The short answer is… kind of, but none of the AI chatbots are reliable, so you’ll still need to do your own research at this stage. Having recently spent hours researching flights and accommodation for a three-week trip to Japan, I decided to compare my results to…

Coinbase Expands UK Offering With Four GBP Altcoin Pairs
U.S. cryptocurrency exchange Coinbase will open trading of four more cryptocurrencies for U.K. pound sterling (GBP) Friday, a blog post confirmed Wednesday, September 5.Following a deal with UK bank Barclays to open access to the country’s Faster Payments network in March, residents will now be able to trade altcoins Ethereum (ETH), Ethereum Classic (ETC), Litecoin…

Huobi closes crypto derivatives as part of wind-down for Chinese traders
By shutting down derivatives trading on Huobi, the company takes one more step toward closing its operations in China. 644 Total views 11 Total shares Major cryptocurrency exchange Huobi has ended futures and other derivatives trading in mainland China today, as planned.Earlier this month, cryptocurrency exchange announced on its website that it will settle all…

China leads the world in gen AI adoption but falls behind in full implementation
A recent study revealed that China leads the world in AI usage and investment, while the U.S. remains the leader in fully implementing the technology.

Celsius bankruptcy case Trustee slams $3M employee bonus motion
The Trustee has objected to the retention bonus, citing a lack of sufficient information within the motion to warrant such a high payout and a lack of clarity around whether any recipients should be considered insiders. 363 Total views 13 Total shares The U.S. Trustee overseeing the Celsius chapter 11 bankruptcy case, William Harrington, has…

Terraform co-founder Do Kwon appears before US judge, pleads not guilty
"The defendant, orchestrated schemes to defraud purchasers of cryptocurrencies," the indictment against the Terraform co-founder read.

Swiss Post & Swisscom Launch ‘100% Swiss’ Blockchain Infrastructure
Switzerland’s national postal service Swiss Post and state-owned telecoms provider Swisscom are partnering on a “100 percent Swiss” blockchain infrastructure, according to a press release Dec. 6. The new infrastructure is reportedly the first private, or permissioned, blockchain to be operated jointly by two entities; its key premise is to provide a service that retains…

What is Solana, and how does it work?
What is Solana?Solana is a highly functional open source project that implements a new, permissionless and high-speed layer-1 blockchain. Created in 2017 by Anatoly Yakovenko, a former executive at Qualcomm, Solana aims to scale throughput beyond what is typically achieved by popular blockchains while keeping costs low. Solana implements an innovative hybrid consensus model that…