Korean Blockchain Groups Blast Plan to Strip Crypto Exchange Benefits
Several blockchain associations in South Korea are pushing back against a government proposal they fear will stifle industry innovation.
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Venezuela Blocks Access to Coinbase and Remittance Service MercaDolar
Sep 9, 2020 at 02:31 UTCUpdated Sep 9, 2020 at 02:34 UTCVenezuela Blocks Access to Coinbase and Remittance Service MercaDolarA digital rights advocacy group in Venezuela said its government has blocked user access to two currency exchange platforms. According to Venezuela Inteligente, President Nicolas Maduro's government is denying its citizens from accessing U.S. crypto exchange…
Messaging Giant WeChat Bans Merchant Users From Crypto Trading
news WeChat, the dominant messaging application in China operated by technology giant Tencent, has updated its payments policy that will prevent merchants on the platform from engaging in cryptocurrency-related activities. The messaging giant updated its Payment Service Protocol on April 30, indicating that merchants using its service shall not, among other things, “either directly or indirectly,” be…
‘Smart Money’ Is Record Long on BTC Ahead of Expected Bitcoin ETF
Data tracking website MacroMicro's bitcoin futures smart money index rose to a record 13,711 last week.The record bias for bullish long positions comes days ahead of the SEC's impending decision on spot ETF applications.Some obsevers foresee a classic "sell the news" price action following the ETF launch.Smart money, or capital investments from institutional investors and
Meme Sector Sees Sharp Sell-off as GameStop Losses Extend to 60%
Double-digit losses in GameStop weigh over meme coins.Meme token GME and KITTY fall 25% and 10%, respectively.The controversial GameStop (GME) stock rally saw its second day of reversing on Monday, ending the U.S. trading session down 12% after a 40% drop on Friday This weighed down some meme tokens that tend to mirror the stock’s
Layer 1 Blockchain Tenet Partners With Conflux and Qtum for More Exposure in China
Tenet - a liquid staking layer 1 blockchain built on the Cosmos network - will team with Conflux and Qtum, two blockchains with a heavy presence in China, to deepen the roots of the liquid staking industry in that country’s markets.Conflux and Qtum users will both stake a minimum of $1 million worth of their…
IBM, Top Australian Banks Execute Country’s First Blockchain Bank Guarantee
By digitizing the normally paper process, the Lygos joint venture says it's shown it can speed up bank guarantee issuances.Sydney, Australia (Dan Breckwoldt/Shutterstock)Feb 10, 2021 at 9:08 a.m. UTCIBM, Top Australian Banks Execute Country’s First Blockchain Bank GuaranteeA digital bank guarantee has just been executed over a blockchain system in Australia, in what’s being called…
The Prize for Owning Web3 Distribution Is Enormous. Here’s Why It Won’t Go to Big Tech
For more than a decade, the blockchain industry has struggled with a self-determining question: how do we go mainstream? The quest for the killer app or company that suddenly moves the masses to cryptographic infrastructure has proven to be a daunting task. But unlocking product-market fit here represents more than a win for the consumer:
U.S. Election Betting: Federal Court ‘Erred’ in Letting Kalshi Launch Prediction Markets, CFTC Says
A federal judge "erred" in letting prediction market purveyor Kalshi list and trade election contracts, attorneys for the U.S. Commodity Futures Trading Commission argued in a brief to an appellate court Wednesday, reiterating many of the arguments it made before the lower court. The district court judge overseeing Kalshi's suit against the CFTC ignored the