Hawaii emerging as crypto hub following new crypto regulations
The Aloha state’s new regulations already attracted some notable Web3 firms, including Coinbase, Metamask, Transak, BitPay and Trust Wallet.
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Singapore regulatory sandbox lacks qualified crypto payment providers
The MAS has said that rising malware scam cases in Singapore have nothing to do with cryptocurrencies. On the contrary, it claimed, such scams are more prevalent in the fiat economy. 58 Total views 2 Total shares The Monetary Authority of Singapore (MAS) has said that no businesses have qualified to participate in the FinTech
FTX sues Dan Friedberg alleging he used ‘hush money’ to silence whistleblowers
The lawsuit claims Daniel Friedberg made a series of payments to whistleblowers to stop them from exposing the "true fraudulent nature" of the exchange. 152 Total views 1 Total shares FTX has filed a lawsuit against a former regulatory and compliance executive at the exchange, alleging he made a series of payments in attempts to…
Iran Ditches Rial in Hyperinflation Crisis — Bitcoin Demand Rises
Ravaged by crippling hyperinflation, Iran’s Parliament has sanctioned the redenomination of its fiat — the rial — by replacing it with a new currency called the toman. According to the plan, each toman will be worth 10,000 rials.The redenomination plan effectively removes four place values (four zeros) from the Iranian national currency as part of…
New OCC head requests review of cryptocurrency rules
The new head of the OCC thinks that the authority’s crypto rulemaking under Brian Brooks was not done in full coordination with all stakeholders. 2892 Total views 5 Total shares The United States’ banking regulator, the Office of the Comptroller of the Currency, is set to review cryptocurrency-related rulemaking following Brian Brooks’ departure. Michael Hsu, the…
Bank of Israel claims ‘public support’ for its CBDC project
Stakeholders believe that the digital shekel would boost competition, but remain divided on the matter of privacy. 23 Total views 1 Total shares Despite the fact that it still didn’t make a final decision on the launch of the “digital shekel,” Israel’s central bank reported that the public feedback on the project is mainly positive.According…
AI-generated Drake song up for Grammy nomination
A hit track made from an AI-generated vocal track of the rapper Drake has been submitted to the Recording Academy for Grammy nomination in two categories. 151 Total views 2 Total shares A viral track from the anonymous producer “Ghostwriter” using an artificial intelligence (AI)-generated vocal track of the rapper Drake has been submitted for
NEO Founder Says Blockchain is a Remedy in a Post-Pandemic World
NEO (NEO) founder Da Hongfei appeared at the Blockdown 2020 virtual conference on April 16, where he spoke about blockchain’s role in the post-pandemic world. The creator of the project dubbed the “Chinese Ethereum” suggested that the world was currently witnessing a pattern of de-globalization. According to Hongfei, blockchain will be the technology that puts humanity…
India negotiates cross-border CBDC payments with global central banks
The CBDC should enhance the country's potential for foreign trade with nations that lack U.S. dollar reserves. The Reserve Bank of India (RBI) is currently in dialogue with its counterparts from at least 18 other countries on the possibility of cross-border payments in the “digital rupee”. The report about RBI’s ambitious foreign trade plans for the…