US probes Jack Dorsey’s Block, Inc. over financial transactions: Report
U.S. prosecutors are reportedly investigating the fintech firm after a whistleblower claimed it processed thousands of transactions for users from sanctioned countries and terrorist groups.
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Ditto Music to Launch App Offering Speedy Blockchain Solution
Ditto Music will launch Bluebox, a blockchain recording technology that could be a boon to musicians and distributors alike. What it’s all aboutThe problem, says Ditto Music CEO Lee Parsons, is that misplaced metadata can end up eating away at the bottom line. Recently Ditto made a royalty payment of 60,000 pounds sterling ($80,000) to the wrong…

Is 2020’s “DeFi mania” the next evolution of financial markets?
This year’s DeFi growth may become the defining crypto event of 2020. But what does a “DeFi mania” actually mean? Crypto eras are often defined by their yearly trends: the meteoric bull run of 2017, the crypto winter and ICO boom of 2018, and the resurgent crypto spring of 2019. Will 2020’s explosive DeFi growth…

South Korea to pilot CBDC in one of these three cities, not Seoul
South Korea pushes forward with its CBDC pilot and targets three potential test regions for issuing and distributing the digital currency. 334 Total views 2 Total shares The Bank of Korea has narrowed down three regions for the piloting of its central bank digital currency (CBDC), which does not include the country’s capital, Seoul, according…

DeFi needs regulation to drive adoption — Web3 exec
Web3 professional Agne Linge believes that for broader DeFi adoption, regulations must catch up to make people feel safe.

Price analysis 8/21: SPX, DXY, BTC, ETH, BNB, XRP, ADA, DOGE, SOL, DOT
After the sharp fall on Aug. 17, Bitcoin (BTC) remained stuck inside a tight range over the weekend. This suggests indecision between the bulls and the bears about the next directional move. After the latest fall, about 88% of Bitcoin held by Short-term Holders (STHs), owning Bitcoin for 155 days or less, has plunged into loss,…

Crypto Biz: Here’s what you need to know about CZ’s $96B net worth, Jan. 6–13
Changpeng Zhou is crypto’s biggest billionaire, Bitfarms purchased more than $43M worth of BTC and PayPal plans a stablecoin project. 915 Total views 13 Total shares Binance CEO Changpeng Zhao, also known as “CZ,” is now the world’s 11th richest person, according to Bloomberg. The crypto entrepreneur has amassed a $96 billion fortune on the…

Bitcoin’s bear market is far from over, but data points to improving investor sentiment
2022 was a near-unprecedented year of extremes and black swan events for the crypto market, and now that the year is about to wrap up, analysts are reflecting on the lessons learned and attempting to identify the trends which may point to bullish price action in 2023. The collapse of Terra Luna, Three Arrows Capital and…

Tech’s Antitrust Issues Flare Up on Both Sides of the New ‘Cold War,’ Report
At the request of the People’s Bank of China, Beijing could soon probe its digital payments monopolies, sources claim. 2538 Total views 22 Total shares Days after the CEOs of the world’s top tech firms faced antitrust hearings in the United States Congress, sources are alleging that Beijing too could soon probe its own digital…