Last night at a Crypto4Harris event, Senate Majority Leader Chuck Schumer made a compelling case for the importance of regulatory clarity in the crypto industry. He emphasized the need for bipartisan collaboration to shape the future of crypto and highlighted the responsibility of Congress to enact sensible regulations to bring together both sides of the
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Confiction Labs, the developer of the popular shooter game Riftstorm, has recently unveiled a new system called Proof of Exposure. This system is designed to combat the growing issue of Web3 gaming bots by incorporating NFT allowlist verification. The introduction of Proof of Exposure comes at a time when automated bot accounts are causing disruptions
Following the $235 million hack targeting Indian crypto exchange WazirX, the platform has decided to end its asset custody arrangement with Liminal. The exchange announced on August 14 that it would be moving its assets from Liminal to new multi-signature wallets to enhance security. This decision comes in the wake of the recent breach and
In a bid to resolve allegations of unlicensed derivatives trading in Brazil, cryptocurrency exchange Binance has agreed to pay a hefty sum of $1.76 million to the Comissão de Valores Mobiliários (CVM), the country’s securities regulator. This settlement is the culmination of a year-long investigation that began in July 2020 when the CVM first ordered
Metaplanet has recently made a significant investment in bitcoin, acquiring approximately $3.3 million worth of the cryptocurrency. This move is part of the Japanese investment firm’s broader strategy to expand its bitcoin holdings. With this latest purchase, Metaplanet now possesses a total of 303.095 BTC acquired for $20 million. Earlier this month, Metaplanet Inc. secured
Crypto.com, a leading cryptocurrency exchange based in Singapore, has recently made waves in the sports marketing world by securing a groundbreaking partnership with the Union of European Football Associations (UEFA) Champions League. This landmark collaboration marks a significant milestone for the cryptocurrency industry, as Crypto.com becomes the official global sponsor of one of the most
Core Scientific, a Texas-based Bitcoin mining company, recently announced the pricing of its increased offering of $400 million in 3.00% convertible senior notes due in 2029. The initial size of the offering was $350 million, which was upsized due to favorable market conditions. Scheduled to settle on August 19, 2024, the notes will be issued
The Bitcoin price has not reached the $20,000 level for almost two years, leading some to believe that it may never return to that range. However, an analyst known as “Without Worries” has a different perspective. According to their analysis on TradingView, the possibility of Bitcoin crashing back to $20,000 is not a question of
Australia’s Securities and Investments Commission (ASIC) has taken legal action against the Australia Securities Exchange (ASX) Ltd., alleging that the ASX made false statements regarding its blockchain trade settlement project. ASIC claims that the ASX misled the public by stating that the project was on track for a launch in April 2023 and was making
The latest data on Ethereum’s Layer 2 ecosystem reveals an unprecedented surge in daily transaction volume. According to recent statistics compiled by Growthepie, the daily transactions across Layer 2 networks reached a staggering 12.42 million on August 12, marking a new all-time high. This exponential growth in transaction volume underscores the rapid advancements in scalability