Hong Kong issues generative AI guidelines for consumer protection
The HKMA introduces new principles for using generative AI, emphasizing governance, transparency, and data protection in consumer-facing applications.
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Tax man: India’s new tax policies could prove fatal for crypto industry
Indian crypto tax policy has become the hottest topic for Indian crypto traders and exchange operators as it is set to become law on March 24 and will come into effect starting on April 1. The proposed 30% crypto tax is the highest in the country and is equivalent to the tax imposed on gambling and…

Polkadot to debut parachain auctions after governance vote
Polkadot has laid out a schedule to debut parachain auctions on Nov. 11 following unanimous approval from the blockchain’s on-chain governance council members. The news marks a landmark achievement as it fulfils the final core technical element of the whitepaper published five years ago. Parachains are uniquely distinctive layer-1 blockchain platforms that operate in laterally alongside the…

Digital Payments Firm Electroneum Launches Crypto-Mining Smartphone
United Kingdom-based digital payments firm Electroneum has announced the launch of a smartphone that is capable of mining cryptocurrency, according to a press release published on Feb. 25. The new device by Electroneum, dubbed M1, incorporates the tech firm’s cloud mining technology, which enables users to mine the firm’s bespoke cryptocurrency, Electroneum (ETN) in return…

Polygon launches decentralized ID product powered by ZK proofs
The public launch of Polygon ID comes 12 months after it was first launched in a closed-environment to a select group of builders. 950 Total views 15 Total shares Own this piece of history Collect this article as an NFTPolygon, a layer-2 scaling protocol for Ethereum, has launched a zero-knowledge decentralized identity solutionto the public…

Cardano Breaks 6-Month Slump, Signaling Potential Altcoin Revival
Today Cardano (ADA) broke above its 6-month range and now follows the movements of large-cap altcoins like Bitcoin Cash ABC (BCH), Dash (DASH) and Ethereum Classic (ETC). Does this mean that altcoins are entirely out of the woods? Crypto market daily performance. Source: Coin360ADA/BTC breaks above its 6-month trading rangeOver the past 6 months, Cardano has…

SEC shoots down Ripple’s argument for a lower penalty
The SEC argued Ripple’s proposed lower civil penalty wouldn’t be enough, and there’s no comparison to its settlement with Terraform Labs.

Fortnite creator attacks Google’s chokehold on Android market in lawsuit over V-Bucks payments
New documents in Epic Games v. Google show the gaming company attacking Google for misusing the Android ecosystem — once touted for its openness — to muscle out competition. In a Sept. 4 filing in Fornite creator Epic Games’ antitrust lawsuit against Google, the gaming firm has accused the omnipresent tech giant of violating its…

Hyperliquid ups margin requirements after $4 million liquidation loss
Hyperliquid, a blockchain network specializing in trading, has increased margin requirements for traders after its liquidity pool lost millions of dollars during a massive Ether (ETH) liquidation, the network said. On March 12, a trader intentionally liquidated a roughly $200 million Ether long position, causing Hyperliquid’s liquidity pool, HLP, to lose $4 million, unwinding the