The Commodity Futures Trading Commission (CFTC) Chair, Rostin Behnam, recently expressed openness to the idea of the agency becoming a primary regulator for cryptocurrencies. During a Senate Agriculture Committee hearing on digital commodities oversight, Behnam highlighted the need for more regulatory authority in the crypto space. This raises questions about the role of the CFTC
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ShardLab, the blockchain arm of global Web3 venture capital firm Hashed, has recently unveiled a groundbreaking web application designed to streamline decentralized identity (DiD) and NFT voucher distribution. This innovative app leverages cutting-edge technologies such as account abstraction (AA) and zero-knowledge proofs (ZK) to enhance both security and usability for everyday transactions. By integrating these
The Ethereum 2.0 staking landscape has witnessed a remarkable surge in recent times, marking a major milestone with the deposit contract for staking Ethereum on the Beacon Chain soaring to an impressive 47.36 million ETH. This achievement represents a substantial 33.9% of the entire Ethereum supply, highlighting the increasing popularity of staking among cryptocurrency enthusiasts.
The crypto market has been abuzz with predictions, with one crypto analyst named ‘DonAlt’ forecasting a surge in Bitcoin’s price to $100,000 in the near future. This optimistic outlook is based on the increasing inflows into Spot Bitcoin ETFs and the overall bullish sentiment surrounding the cryptocurrency. With major market experts also projecting significant price
Over the past 30 days, Bitcoin has experienced a significant price dip of around 15%, with the most notable correction occurring at the end of last week when BTC dropped below $54,000 for the first time since February. However, in the days following, the cryptocurrency has managed to recover some of its losses and is
In recent developments in the cryptocurrency market, Ethereum (ETH) has emerged as the top trending token, capturing the attention of investors and analysts alike. The surge in interest can be attributed to the updated S-1 forms filed for spot ETH ETFs by major financial firms such as BlackRock, Fidelity, VanEck, 21Shares, Grayscale, and Franklin Templeton.
The recent plea deal by Paxful’s co-founder and former CTO, Artur Schaback, highlights a serious failure in the company’s implementation of an Anti-Money Laundering (AML) program. According to the US Department of Justice (DOJ), Schaback deliberately neglected to establish, develop, and maintain a compliant AML program as required by the Bank Secrecy Act. This failure
The recent drop in Bitcoin price below $60,000 caused panic among investors as major holders, such as the German and US governments, engaged in rapid selling. This resulted in one of the largest downturns witnessed in the cryptocurrency’s market in the last two years, causing billions of dollars in losses. Despite this significant drop, the
Shatterline, a dynamic arena shooter available on PC, has been making waves in the gaming community since its early access release on Steam in 2022. The game offers both player-versus-player (PvP) and player-versus-environment (PvE) modes, providing players with a competitive and immersive experience unlike any other. Despite the impending shutdown of the early access servers
The Chief Compliance Officer of Bitwise, Katherine Dowling, recently mentioned that spot Ethereum ETFs are on the verge of approval. She highlighted that the SEC has been receptive to discussions about various financial products. In a recent interview with Bloomberg on July 9, Dowling stated that the SEC and ETF issuers are resolving fewer issues
Artur Schaback, one of the co-founders of Paxful Inc., recently pleaded guilty to conspiracy charges related to the failure to maintain an effective anti-money laundering (AML) program. The Department of Justice stated that Schaback’s negligence led to Paxful becoming a hub for various criminal activities, including money laundering, sanctions violations, fraud, romance scams, extortion schemes,
The implementation of Europe’s Markets in Crypto-Assets Regulation (MiCA) on June 30 has caused a significant shift in the stablecoin market. With the demand for compliant stablecoins on the rise, Circle’s USDC has emerged as a primary beneficiary of this trend. According to a report by French blockchain analytics firm Kaiko, non-compliant stablecoins currently make
Sovereign Nature Initiative (SNI) has recently made headlines with the announcement of their partnership with Unique Network and WalletConnect on the Polkadot blockchain. This collaboration, known as DOTphin, is set to launch at Polkadot Decoded 2024. The initiative, backed by strong community support through Polkadot OpenGov, aims to utilize NFTs to drive environmental sustainability. Unlike
The recent unveiling of MetaMask’s Delegation Toolkit at the Ethereum Community Conference in Brussels marks a significant move towards improving user onboarding in the Web3 space. This toolkit is designed to eliminate user friction and simplify the process of accessing decentralized applications (dapps). One of the key features of the toolkit is its ability to
