ZK-proofs are too complicated for decentralized ID — KILT CEO
The governments of Australia, Palau, Argentina, and Estonia are experimenting with different forms of decentralized identity solutions.
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US Treasury reportedly in talks for stablecoin regulation
Treasury officials are studying the risks if too many people decide to withdraw their stablecoins all at once. 807 Total views 33 Total shares Amid massive growth of the stablecoin market, the United States Treasury Department has reportedly discussed potential regulation for private stablecoins.The Treasury conducted several meetings last week to examine the risks of…

Fantasy soccer NFT platform Sorare reportedly closing in on $532M in funding
Sorare is reportedly closing in a half a billion dollar funding round with a valuation of at least $3.8 billion. 320 Total views 4 Total shares Reports have surfaced that French NFT-based soccer trading card game developer Sorare is closing in on a $532 million funding round with a valuation of at least $3.8 billion.…

Bitcoin 2022: Thiel calls Buffett ‘sociopathic’, Mexican billionaire has 60% in BTC
The Bitcoin 2022 conference was packed with new announcements, however Peter Thiel stole the show by throwing $100 bills into the crowd and calling Warren Buffet a “sociopathic grandpa.” 1517 Total views 45 Total shares Day two of the Bitcoin 2022 in Miami was as colorful as we’ve come to expect, with Pay-Pal co-founder and…

‘Bad’ crypto projects should not be bailed out says Binance founder CZ
Binance founder and CEO Changpeng “CZ” Zhao argues that “bad” crypto projects should be left to fail and not receive bailouts from crypto firms with healthy cash reserves. In a June 23 blog post, CZ said that firms that have been poorly operated, poorly managed or have released poorly designed products shouldn’t receive bailouts —…

Crypto remittances in Venezuela surge as economic situation worsens
Sanctions from the United States, spiraling inflation and government corruption have created an economic nightmare for Venezuelans.

Ethereum open interest hits 20-month high: Bullish or bearish for ETH?
Ether’s futures open interest jumps to a 20-month high, but leverage demand remains balanced.

Over 600K new tokens launched in January, sparking liquidity fears
New crypto token issuance grew by over 12-fold, with analysts warning of diluted investor capital and “disjointed” price action.

South Korea's strict laws on crypto exchanges come into force
The new regulations issued by South Korea’s watchdog to protect user assets on crypto exchanges went into effect on July 19.