Venture capital money is fleeing crypto as regulators tighten their noose around the industry in a post-FTX crackdown, according to Shark Tank star Kevin O’Leary. The investor claimed on Monday that VC funding is now headed toward artificial intelligence. Why Regulators Are Mad During an interview published on Twitter, O’Leary described his experience attending various...Read More
Decentralized finance (DeFi) protocol Hope Finance suffered a $2 million exploit on February 20th. The hacker purportedly stole everything from the protocol genesis, according to its Twitter account, which was the first to announce that the community was scammed. The Arbitrum-based protocol also shared the information of the person while attaching a photograph with a...Read More
Chasing a bounty of over $2000, a coder has successfully imported the Ordinals NFT protocol to Litecoin. The new functionality arrives shortly after Bitcoin – the network on which Ordinals initially launched – surpassed 150,000 inscriptions this week. Why Litecoin Gets Ordinals On Sunday, a coder named Anthony Guerrera launched Litecoin Ordinals on GitHub by...Read More
Major blockchain infrastructure platform Paxos Trust Company is holding discussions with the US Securities and Exchange Commission (SEC) concerning Binance stablecoin BUSD, according to a report by Reuters. The company earlier received a notice from New York authorities to cease minting BUSD. According to Reuters on Tuesday (Feb. 21, 2022), Charles Cascarilla, CEO of Paxos,...Read More
Polygon Labs announced that it will reduce its team by 20% while stating that the company maintains a robust treasury. Meanwhile, the job cut comes shortly after the firm outlined plans at the end of 2022 to hire more employees. According to a press release on Tuesday (Feb. 21, 2023), Polygon Labs said the 20%...Read More
The cryptocurrency world is constantly growing, with new players and game-changers popping up regularly. In recent news, the Polkadot (DOT) network has been making waves with its commitment to boosting security and forming powerful partnerships to protect the blockchain. On the flip side, Cosmos (ATOM) has been setting new records as a potential rival to...Read More
[PRESS RELEASE – Zug, Switzerland, 21st February 2023] Sensorium is announcing that the Sensorium Galaxy metaverse has entered its much-awaited VR multiplayer public playtest as it opens up access to more virtual reality and content features inside virtual worlds, while also laying out a new metaverse doctrine. Delivering on its promise to develop a full-fledged...Read More
[PRESS RELEASE – Singapore, Singapore, 21st February 2023] TCNH, a stablecoin pegged to offshore Chinese Yuan (CNH) with a pilot program allowing organizations to mint TCNH, announced that it is now available on Huobi, where users can trade it through the TCNH/USDT pair. Huobi is the first exchange to support TCNH after its launch. Apart...Read More
Crypto attorney John Deaton has responded to a Twitter user’s skepticism about the Securities and Exchange Commission’s (SEC) Howey Test theory in the ongoing lawsuit against Ripple Labs. Top Lawyer Debates Howey Test Theory Deaton, who represents XRP investors, stated that the SEC’s theory could be summarized as follows: “Defendants do not dispute that they...Read More
Web3 infrastructure provider Ankr announced a partnership with Microsoft to offer a node hosting service for enterprises and organizations needing access to blockchain data. According to the official press release shared with CryptoPotato, the deal will see an integration of technology of Ankr’s innovations in blockchain infrastructure with the software giant’s cloud solutions. The service...Read More
It’s only been a few days since Kraken, one of the largest exchanges in the U.S., shut down its staking services and paid a $30 million settlement over selling – according to the SEC – unlicensed securities. Despite compliance with regulators and a commitment to proof of reserves, both Kraken and Binance have been under...Read More
German multinational engineering giant Bosch and Cambridge-based artificial intelligence lab – Fetch.ai – have jointly unveiled a new foundation focused on fueling industrial adoption of software agents, AI, and Web3 technology. Dubbed – Fetch.ai Foundation – this new initiative will focus on areas such as research and development as well as harnessing the application and...Read More
Is China experimenting with crypto in its backyard – Hong Kong? Over the last few months, the city has made some decisive moves to have a clear regulatory environment for crypto businesses in its jurisdiction. Hong Kong is the special administrative region of China with a separate legal system and control over its markets. As...Read More
The EU is working hard to push through tough capital rules for banks that hold crypto assets. The global Basel Committee of banking regulators from the world’s leading financial centers has set a January 2025 deadline. The rules are for capital requirements for banks that have exposure to cryptocurrencies and stablecoins. According to a Feb....Read More
Galois Capital – a cryptocurrency hedge fund based in San Francisco – reportedly shut down as a consequence of the collapse of FTX. The former had half of its assets stuck on the trading venue and will return its remaining funds to investors. One More Going Down As reported by the Financial Times, Galois Capital – a...Read More
Cardano has become the favorite network for investors as it is making headlines in the crypto market with its robust announcements. Moreover, its unique approach to fulfilling its development goals has garnered a lot of attention in recent months. With the launch of the much-anticipated stablecoin DJED, Cardano is looking to challenge the dominance of...Read More
