The Central Bank of Nigeria (CBN) has addressed concerns that its central bank digital currency (CBDC), the eNaira, poses a threat to the country’s financial stability. The CBN released a press statement in response to media reports suggesting that the eNaira could have negative implications. These reports referenced a CBN report called “Economics of Digital […]
Embattled FTX founder Sam Bankman-Fried reportedly wanted to shut down his other company, Alameda Research, due to the negative attention it brought to FTX. In an unpublished post shared by a former Alameda employee, Bankman-Fried described the company as both a success and a failure, but ultimately felt that the FUD (fear, uncertainty, and doubt) […]
The regulatory landscape for cryptocurrencies varies across different regions. In the United States, various regulatory bodies, such as the SEC, CFTC, and OCC, are vying for jurisdiction over the sector. The SEC has faced criticism for its enforcement approach and has lost several significant court cases. The US Congress has introduced and discussed multiple cryptocurrency-related […]
Linqto, a pre-IPO investment platform, is attracting a lot of attention as it hints at reopening opportunities for investors to purchase Ripple shares before its highly anticipated IPO. Ripple, known for its resilience in the face of legal challenges, is now on the verge of going public, generating excitement not only within the crypto community […]
Switzerland’s announcement at the Sibos 2023 conference about live transactions with a Central Bank Digital Currency (CBDC) has sparked a flurry of claims and counter-claims within the XRP community. A user on X (formerly Twitter) claimed that the Swiss Central Bank is using XRP as a settlement token through the R3 network. However, an expert […]
BitMEX co-founder Arthur Hayes has expressed concerns about the potential impact of asset management giant BlackRock entering the Bitcoin space. While Hayes acknowledges the positive effect a spot Bitcoin exchange-traded fund (ETF) could have on the crypto market, he worries about the influence traditional finance could have on the underlying fundamentals of Bitcoin. Specifically, he […]
SBF, a prominent company, is seeking to introduce an investment in Anthropic to a court case. However, prosecutors are attempting to block this move. The lawyers for SBF are looking to use this investment as evidence, but the judge has denied their request to cross-examine Gary Wang. The details surrounding the court case and the […]
The North American Securities Administrators Association (NASAA) has argued that digital assets should not be treated as special and should be subject to securities laws, supporting the United States Securities and Exchange Commission (SEC) in its lawsuit against Coinbase. The SEC sued Coinbase in June, accusing the crypto exchange of violating federal securities laws. Coinbase […]
Web3 gaming platform Immutable has partnered with Amazon Web Services (AWS) to expand options for game developers. Immutable has been added to AWS’s ISV Accelerate Program, which provides software solutions that run on or integrate with AWS. Developers looking to build on Immutable’s blockchain can also join AWS Activate, which offers perks such as technical […]
A bipartisan parliamentary committee in the UK has called on the government to protect creators from copyright infringement related to nonfungible tokens (NFTs) and address potential risks associated with sporting groups issuing digital assets. The committee highlighted the ease and speed at which NFTs can be minted, compared to the slow process for artists to […]
