US President Joe Biden vetoes SAB 121 repeal
Joe Biden said he vetoed the resolution because “he will not support measures that jeopardize the well-being of consumers and investors.”
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UpBit Promises Swift Reimbursement, Theories Over Missing Funds Swell
On Nov. 27, major South Korean cryptocurrency exchange UpBit announced that 342,000 Ether (ETH), accounting for roughly $50 million, were stolen from its hot wallet earlier that day. Details remain vague, and some users are suggesting an inside job, although experts are skeptical of the theory after analyzing the incident.The platform’s operator has promised to…

What’s next for Binance’s Changpeng “CZ” Zhao
According to the U.S. Sentencing Guidelines, CZ could receive a 12-18 month sentence, but the Department of Justice is willing to fight for a longer term. 487 Total views 2 Total shares A recent court filing suggests that Changpeng "CZ" Zhao's legal challenges are just beginning, despite pleading guilty to violating the United States Anti-Money

Crypto Twitter cries foul after noticing NBA star John Wall’s NFT has a Fortnite background
"Celebs really think they can come into an industry they know nothing about, never interact with the community, then launch a scam project they’ll abandon in 3 months?” questioned Twitter user 0x_fxnction. 733 Total views 4 Total shares The team behind the design of NBA Houston Rockets player John Wall’s non-fungible token may have ripped…

Flash crash rattles gold markets as Bitcoin holds strong
Gold prices have dropped below $1,700 per ounce this morning in what analysts described as stop-loss driven selling. 2243 Total views 8 Total shares Gold prices have tanked during the Monday morning Asian trading session, compounding losses accumulated over the past week.On August 9, the price of gold quickly fell to its lowest level since…

FEMA Suggests Blockchain-Based Registry to Improve Disaster Insurance Payouts
The United States Federal Emergency Management Agency (FEMA) is exploring the idea of a blockchain-based property registry to streamline disaster insurance payouts.In its latest National Advisory Draft Report to the FEMA Administrator, the agency indicated its interest in deploying blockchain technology in order to streamline disaster insurance payouts and improve the speed of disaster responses. To…

US State of Connecticut Introduces Bill to Authorize Smart Contract Use in Commerce
A committee of the Connecticut state legislature has proposed to authorize the use of smart contracts in commerce in the state, according to official documentation introduced on March 7.The Commerce Committee of the Connecticut General Assembly (CGA) has introduced House Bill 7310, suggesting that blockchain-powered smart contracts may be used in commerce conducted or initiated…

Miss Universe denies link with recently unveiled coin project
The Miss Universe Organization said that there is no Miss Universe cryptocurrency or blockchain offering involved with the Miss Universe or Miss Universe Philippines. 270 Total views 5 Total shares The Miss Universe Organization has denied any association with the Miss Universe Coin project announced at the Philippine Blockchain Week (PBW) event held earlier this

Why institutions are hesitant about decentralized finance — Shibtoshi
Regulators should work with DeFi firms to craft sensible policies instead of "unnecessarily stringent rules," Shibtoshi told Cointelegraph. 3183 Total views 6 Total shares Shibtoshi, the founder of the SilentSwap privacy-preserving trading platform, outlined several concerns that make institutions hesitant to adopt decentralized finance (DeFi) solutions, including privacy, a lack of standardized compliance regulations, and