Search
Close this search box.

June 24, 2022

What is the role of DAOs in a bank-like business model?

What is the role of DAOs in a bank-like business model?

Decentralized autonomous organizations (DAOs) Decentralized autonomous organizations, or DAOs, are digital organizations powered by decentralized technologies that operate without the need for a central authority. DAOs are built on distributed ledger technologies (DLTs) such as blockchain technology and are designed to be transparent, secure and efficient. They offer a new way of organizing business and

What is the role of DAOs in a bank-like business model? Read More »

Bill Imposing Fines for Illegal Issuance and Exchange of Digital Assets Proposed in Russia

Bill Imposing Fines for Illegal Issuance and Exchange of Digital Assets Proposed in Russia

A bill introducing financial penalties for those who illegally issue or exchange digital financial assets has been filed in the Russian parliament. The legislation has been submitted by the sponsor of another draft law banning their use as a means of payment. New Bill Targets Russian Platforms Issuing and Trading Digital Currencies Outside Law Persons

Bill Imposing Fines for Illegal Issuance and Exchange of Digital Assets Proposed in Russia Read More »

‘Brutal and unrelentingly hard:’ Singapore regulator’s clampdown on crypto

‘Brutal and unrelentingly hard:’ Singapore regulator’s clampdown on crypto

The remarks from the regulator’s chief fintech officer could see the city-state lose its perception as one of the most crypto-friendly countries in the world. Singapore’s financial regulator and the central bank have pledged to be “brutal and unrelentingly hard” on any “bad behavior” from the cryptocurrency industry. The comments come from the Monetary Authority

‘Brutal and unrelentingly hard:’ Singapore regulator’s clampdown on crypto Read More »

WHAT DOES THE FINANCIAL ACTION TASK FORCE HAVE IN STORE FOR BITCOIN?

WHAT DOES THE FINANCIAL ACTION TASK FORCE HAVE IN STORE FOR BITCOIN?

The FATF released meeting notes hinting at an upcoming report on recommendations for business compliance with the Travel Rule and “unhosted wallets.” The below is a direct excerpt of Marty’s Bent Issue #1229: “A new FATF report drops at the end of the month.” Sign up for the newsletter here. (Source) (via FATF) Our favorite unelected supranational

WHAT DOES THE FINANCIAL ACTION TASK FORCE HAVE IN STORE FOR BITCOIN? Read More »

Digital Toy Platform Cryptoys Raises M From a16z, Dapper Labs, Mattel

Digital Toy Platform Cryptoys Raises $23M From a16z, Dapper Labs, Mattel

The company recent secured a partnership with toy manufacturing giant Mattel to transform some of its most famous products into playable avatars, which can be sold as NFTs. Cryptoys, a platform aiming to “reimagine what a toy actually is,” has raised $23 million in funding from Andreessen Horowitz (a16z), Dapper Labs and multinational toy manufacturer

Digital Toy Platform Cryptoys Raises $23M From a16z, Dapper Labs, Mattel Read More »

0 million worth of crypto has been stolen in another major hack

$100 million worth of crypto has been stolen in another major hack

KEY POINTS Hackers have stolen $100 million in cryptocurrency from Horizon, a so-called blockchain bridge developed by crypto start-up Harmony. Bridges allow users to transfer tokens from one blockchain to another. They’ve become a prime target for hackers due to vulnerabilities in their underlying code. It follows a series of similar attacks on blockchain bridges,

$100 million worth of crypto has been stolen in another major hack Read More »

Biggest Movers:  XRP up by Nearly 15%, as AVAX Climbs to 12-Day High on Friday

Biggest Movers: XRP up by Nearly 15%, as AVAX Climbs to 12-Day High on Friday

XRP rose by nearly 15% during today’s session, climbing to its highest point in over a week in the process. This rise in momentum within the crypto market also saw AVAX hit a 12-day high, following a gain of over 11% on Friday. XRP Bullish pressure in XRP intensified on Friday, as prices rose to their highest point

Biggest Movers: XRP up by Nearly 15%, as AVAX Climbs to 12-Day High on Friday Read More »

Solana Introduces Web3 Mobile Phone Saga

Solana Introduces Web3 Mobile Phone Saga

Solana Labs subsidiary Solana Mobile has announced the launch of the mobile phone “Saga” set for launch in 2023. The flagship Android mobile phone is a modified OSOM handset which consists of speciality crypto wallet functions and the “Solana Mobile Stack (SMS)” software development kit for Web3 programs. Solana said that the $1000 mobile phone

Solana Introduces Web3 Mobile Phone Saga Read More »