What is ust? ust news, ust meaning, ust definition - Blockchain.News
Search results for

ust

Worldcoin (WLD) Advances Privacy with Personal Custody for Iris-Scanned IDs
ustc

Worldcoin (WLD) Advances Privacy with Personal Custody for Iris-Scanned IDs

Worldcoin introduces Personal Custody, enhancing user control over biometric data generated via iris-scanning orbs for secure ID verification.

Hedera Hashgraph Chief Scientist Dr. Leemon Baird—Defeating the Byzantine Generals and Bringing a Layer of Trust to the Internet
ustc

Hedera Hashgraph Chief Scientist Dr. Leemon Baird—Defeating the Byzantine Generals and Bringing a Layer of Trust to the Internet

In our exclusive interview with Hedera’s Chief Scientist and Co-Founder Dr. Leemon Baird, Blockchain.News gets the details on how Hedera Hashgraph achieves Asynchronous Byzantine Fault Tolerance, the growing Hedera Governing Council and the use of the Hedera Hashgraph DLT to prevent coupon fraud.

Australian Companies Signed Deal to Develop Blockchain-Driven Virtual Power Plants
ustc

Australian Companies Signed Deal to Develop Blockchain-Driven Virtual Power Plants

Power Ledger, a Perth-based energy trading software company, and Powerclub, an Australian electricity wholesaler, have signed a deal to offer households unparalleled authority over their energy usage via a blockchain-based virtual power plant.

South Korean Watchdogs Request Interpol’s Red Notice against Do Kwon
ustc

South Korean Watchdogs Request Interpol’s Red Notice against Do Kwon

The controversy surrounding Do Kwon’s whereabouts continues to grow, given that South Korean prosecutors asked Interpol to issue a red notice against the Terraform Labs’ founder.

Response to Facebook Libra? EU Banks Can Deploy Payment System By 2020
ustc

Response to Facebook Libra? EU Banks Can Deploy Payment System By 2020

All banks in the eurozone could share the instant payment system at the end of 2020, as reported by Reuters on 26 June.

Gamifying the Online Casino Experience with NFTs
ustc

Gamifying the Online Casino Experience with NFTs

Australian online gambling operators are utilizing gamification strategies to enhance player experience, incorporating features like progress bars, NFTs, VIP programs, and PvP tournaments, despite concerns about addiction and legality.

Australian Farmer Teams Up with FreshChain for Watermelon Traceability via Blockchain
ustc

Australian Farmer Teams Up with FreshChain for Watermelon Traceability via Blockchain

Andrew Martens, an Australian owning Marto Farms, has joined hands with Fresh Chain Systems, a local tech firm, in deploying blockchain technology on his watermelon labels to propel traceability. Buyers across Australia will, therefore, be able to trace the originality of the fruit.

Facebook, Google, Twitter Face $600 Million Class Action Lawsuit Over Cryptocurrency Ad Ban
ustc

Facebook, Google, Twitter Face $600 Million Class Action Lawsuit Over Cryptocurrency Ad Ban

The trio of Facebook, Google and Twitter have been slammed by a $600 million class-action lawsuit by a group of companies and individuals backed by Sydney based JPB Liberty

Ripple and Onafriq Forge Alliance for Blockchain-Enabled Payments in Africa
ustc

Ripple and Onafriq Forge Alliance for Blockchain-Enabled Payments in Africa

Ripple and Onafriq are collaborating to introduce blockchain-powered cross-border payments, aiming to improve transaction efficiency and financial inclusion in Africa, the GCC, the UK, and Australia.

Korean Prosecutors Consulting if LUNA Classified "Security"
ustc

Korean Prosecutors Consulting if LUNA Classified "Security"

The probe into Terraform Labs by South Korean prosecutors is taking a whole new twist as watchdogs are making consultations on how best to classify the collapsed LUNA tokens - now known as Luna Classic (LUNC).

Binance Halts Certain Trading Pairs and Disables PayID AUD Deposits Amid Tightening Australian Regulations
ustc

Binance Halts Certain Trading Pairs and Disables PayID AUD Deposits Amid Tightening Australian Regulations

In an ongoing adaptation to tighter Australian regulations, Binance, the world's largest cryptocurrency exchange, has announced significant changes affecting its Australian users.

US Crypto Holders Trust Banks and Exchanges for Custody
ustc

US Crypto Holders Trust Banks and Exchanges for Custody

A recent survey by Paxos revealed that a majority of US crypto holders still trust banks, exchanges, and mobile payment apps for custody of their assets. Despite high-profile collapses and poor risk management practices, crypto owners continue to trust intermediaries for holding crypto assets. The survey also found an increasing desire among consumers to purchase Bitcoin and other digital assets from traditional banks, presenting a significant untapped opportunity for banks to expand their offerings.

ZachXBT's Defamation Lawsuit Receives Over $1 Million in Donations as Prominent Figures Rally Support
ustc

ZachXBT's Defamation Lawsuit Receives Over $1 Million in Donations as Prominent Figures Rally Support

In a surprising turn of events, renowned on-chain analyst ZachXBT has exceeded his initial fundraising target, amassing a staggering $1,055,233 in donations, according to Nansen data. This remarkable achievement has been made possible through contributions from various entities and influential figures within the crypto industry.

Bakkt's Strategic Expansion Leads to Significant Revenue Growth Amid Crypto Market Recovery
ustc

Bakkt's Strategic Expansion Leads to Significant Revenue Growth Amid Crypto Market Recovery

Bakkt Holdings forecasts a substantial revenue increase and a 70% decline in operating cash flow usage for FY 2024, following a robust year of strategic advancements.

DBS Provides Crypto for Trust Offerings
ustc

DBS Provides Crypto for Trust Offerings

DBS Group launches an offering trust service for cryptocurrencies, allowing their premium clients, include the emerging asset class in their succession plans.

US Justice Department Charges Six People for Laundering Drug Cartel Money Using Crypto
ustc

US Justice Department Charges Six People for Laundering Drug Cartel Money Using Crypto

The US Eastern District Court of Virginia has charged six people for allegedly involved in laundering millions of dollars for Mexican drug cartels using cryptocurrency.

Goldman Sachs Says Customer Demands for Bitcoin Are Increasing
ustc

Goldman Sachs Says Customer Demands for Bitcoin Are Increasing

Goldman Sachs President and COO John Waldron has revealed that the bank is experiencing a rising demand for Bitcoin from its customers.

Uber’s Former Security Chief Charged for Using $100K Bitcoin Hush Payment to Hide Data Breach
ustc

Uber’s Former Security Chief Charged for Using $100K Bitcoin Hush Payment to Hide Data Breach

Former Chief Security Officer at Uber, Joseph Sullivan, has been charged with allegedly paying $100K in Bitcoin to hackers to cover up a company data breach.

US Fed denies Custodia Bank membership over crypto concerns
ustc

US Fed denies Custodia Bank membership over crypto concerns

The US Federal Reserve has denied Custodia Bank's membership application due to concerns over its involvement in the crypto industry. The Fed cited heightened illicit finance and safety and soundness risks, as well as a lack of a sufficient risk-management framework for its proposed cryptoasset-related activities. The bank is also prohibited from running crypto-related services if accepted as a member.

Kraken Is the First Cryptocurrency Exchange to Become a US Bank
ustc

Kraken Is the First Cryptocurrency Exchange to Become a US Bank

Kraken San Francisco-based crypto exchange was approved yesterday by the Wyoming Banking Board and is now the first exchange to become a US bank.

Bitcoin is 57,000 Times Less Environmentally Friendly Than the "Green Cryptocurrency" XRP, Says Ripple
ustc

Bitcoin is 57,000 Times Less Environmentally Friendly Than the "Green Cryptocurrency" XRP, Says Ripple

Ripple claims that its cryptocurrency, XRP, is 57,000 times more environmentally friendly than the largest cryptocurrency, Bitcoin. According to Ripple’s blog post, the firm criticizes Bitcoin’s consensus mechanism, proof-of-work (PoW), as a major issue contributing to the vast amounts of energy consumed for validating and processing transactions on the network.

1inch Network Launches New Hardware Wallet
ustc

1inch Network Launches New Hardware Wallet

1inch is the newest hardware wallet supplier for cryptocurrency. The 1inch Hardware Wallet's 2.7-inch E-Ink grayscale touch panel and stainless-steel frame mimic the iPhone 13.

Could IBM’s Blockchain Platform be the Solution to Disrupted Healthcare Supply Chains Caused by the Coronavirus Pandemic?
ustc

Could IBM’s Blockchain Platform be the Solution to Disrupted Healthcare Supply Chains Caused by the Coronavirus Pandemic?

IBM’s Rapid Supplier Connect leverages the existing IBM’s blockchain platform, Trust Your Supplier, which is a blockchain-based trusted digital identity and supplier information that simplifies the supplier onboarding and supplier management processes while reducing risks. IBM is allowing qualifying suppliers to use Rapid Supplier Connect free of charge until August 31. New York’s largest nonprofit healthcare group, Northwell Health recently joined IBM’s Rapid Supplier Connect Network, a blockchain project that aims to tackle the disrupted healthcare supply chains caused by the coronavirus pandemic.

Justin Sun Withdraws Millions of Dollars’ Worth of USDT from Aave's Lending Pools
ustc

Justin Sun Withdraws Millions of Dollars’ Worth of USDT from Aave's Lending Pools

The Tron founder Justin Sun has withdrawn a huge amount of liquidity from the DeFi protocol. The move is likely to have been triggered by the recent ban on addresses that received funds from Tornado cash.

New South Wales Treasury Proposes Flexible Regulatory Reform For Blockchain
ustc

New South Wales Treasury Proposes Flexible Regulatory Reform For Blockchain

Australia’s New South Wales is proposing a flexible regulatory reform to accommodate the thriving blockchain and cryptocurrency ecosystem

US Toughens Export Controls on Semiconductors to China Amid Military Concerns
ustc

US Toughens Export Controls on Semiconductors to China Amid Military Concerns

The US Department of Commerce tightened export controls on advanced computing semiconductors to China and other countries of concern to address national security threats posed by military modernization. The rules, effective from November 16, 2023, refine the parameters defining restricted chips, introduce a global licensing requirement, and expand controls on semiconductor manufacturing equipment. The update also adds certain PRC entities to the Entity List, requiring a BIS license for foundries manufacturing chips for these entities.

Apollo Teams Up With Anchorage to Expand its Product Offering
ustc

Apollo Teams Up With Anchorage to Expand its Product Offering

Apollo Global Manage and Anchorage have partnered to expand the former's crypto products

Leading Security Founders Discuss Potential of Generative AI
ustc

Leading Security Founders Discuss Potential of Generative AI

Security startup founders share insights on the use and threats of generative AI in the tech industry.

Transitioning from Rust to Solana: A Comprehensive Guide for Developers
ustc

Transitioning from Rust to Solana: A Comprehensive Guide for Developers

This article provides a detailed guide for developers transitioning from Rust to Solana, highlighting the key differences and setup details.

Crypto Regulatory Developments: Congressional Review Act, DOJ Charges, and More
ustc

Crypto Regulatory Developments: Congressional Review Act, DOJ Charges, and More

A summary of recent regulatory actions and legal developments impacting the global crypto industry, for the period May 5 – May 20, 2024.

GitHub Introduces Arm64 Runners for Enhanced Performance and Sustainability
ustc

GitHub Introduces Arm64 Runners for Enhanced Performance and Sustainability

GitHub Actions now supports Arm64 runners, offering better performance and sustainability.

Understanding Cluster Sampling: A Comprehensive Overview
ustc

Understanding Cluster Sampling: A Comprehensive Overview

Cluster sampling divides a population into smaller clusters, simplifying large-scale research.

Ripple (XRP)'s 2023 Impact Report: Financial Inclusion and Climate Resilience
ustc

Ripple (XRP)'s 2023 Impact Report: Financial Inclusion and Climate Resilience

Ripple (XRP)'s 2023 Impact Report highlights strides in financial inclusion, blockchain research, and sustainability initiatives.

Copper Introduces Custody and Staking Solutions for SUI
ustc

Copper Introduces Custody and Staking Solutions for SUI

Copper's latest move offers secure custody and staking services for SUI, targeting institutional investors.

IBM Research Leverages AI and Hybrid Cloud for Climate Solutions
ustc

IBM Research Leverages AI and Hybrid Cloud for Climate Solutions

IBM Research is using AI and hybrid cloud technologies to accelerate the discovery of climate mitigation and adaptation solutions.

Fireblocks Partners with CloudTech, Zodia Custody, Zerocap, Rakkar, and Komainu for Global Custodian Program
ustc

Fireblocks Partners with CloudTech, Zodia Custody, Zerocap, Rakkar, and Komainu for Global Custodian Program

Fireblocks announces its first Global Custodian Partners: CloudTech, Zodia Custody, Zerocap, Rakkar, and Komainu, enhancing secure digital asset custodianship.

UneeQ Leverages AI-Powered Digital Humans for Enhanced Customer Engagement
ustc

UneeQ Leverages AI-Powered Digital Humans for Enhanced Customer Engagement

UneeQ is transforming customer interactions using AI-powered digital humans, enhancing realism and engagement with NVIDIA ACE technology.

SyncTwin Leverages OpenUSD and Generative AI to Democratize Industrial Digital Twins
ustc

SyncTwin Leverages OpenUSD and Generative AI to Democratize Industrial Digital Twins

SyncTwin's app uses OpenUSD and generative AI to enhance industrial efficiency and sustainability, transforming factory workflows.

Generative AI: How Diffusion Models Are Transforming the AEC Industry
ustc

Generative AI: How Diffusion Models Are Transforming the AEC Industry

Explore how generative AI and diffusion models are revolutionizing the Architecture, Engineering, and Construction (AEC) industry with enhanced design, visualization, and project management.

Coinbase Custody Leads in Digital Asset Safety Amid ETF Adoption Surge
ustc

Coinbase Custody Leads in Digital Asset Safety Amid ETF Adoption Surge

As crypto ETFs gain SEC approval, Coinbase Custody emerges as the trusted custodian for digital assets, leveraging advanced security and regulatory compliance.

Australian Senator Bragg Releases New Draft on Digitial Assets
ustc

Australian Senator Bragg Releases New Draft on Digitial Assets

Australian Liberal Senator Andrew Bragg proposed a new draft of the titled Digital Assets (Market Regulation) Bill 2022, aimed at regulating digital asset exchanges.

Mastercard Unveils Interoperable CBDC in Australia
ustc

Mastercard Unveils Interoperable CBDC in Australia

Mastercard, in association with the RBA and DFCRC, has demonstrated a groundbreaking interoperable CBDC solution to enhance Web3 commerce in Australia and beyond. The live demonstration showcased a pilot CBDC holder purchasing an NFT on Ethereum, utilizing Mastercard’s Multi Token Network, emphasizing the potential of blockchain interoperability in fostering secure and efficient digital commerce.

FTX secretly lent Alameda Research $65B
ustc

FTX secretly lent Alameda Research $65B

Environmentalists sued the New York Public Service Commission (PSC) on Jan. 13 for allowing the takeover of a bitcoin mining plant. Plaintiff's argument that approval breaches 2019 New York climate legislation. The Climate Leadership and Community Protection Act aims to reduce 85% of statewide emissions by 2050 and achieve zero-emissions power by 2040, among other goals.

Coinbase and Trustly Collaborate to Streamline Crypto Transactions for Canadians
ustc

Coinbase and Trustly Collaborate to Streamline Crypto Transactions for Canadians

Coinbase partners with Trustly for Open Banking in Canada, enabling direct bank-to-crypto wallet transactions. This follows Coinbase's recent Canadian market expansion and US crypto derivatives approval.

Forsage Founders Indicted for Alleged $340 Million "Global Ponzi" Scheme on Ethereum Blockchain
ustc

Forsage Founders Indicted for Alleged $340 Million "Global Ponzi" Scheme on Ethereum Blockchain

Oregon's federal grand jury indicted Forsage's founders. "Global Ponzi and pyramid scam" investors lost $340 million on the site.

Global Energy Sector: Blockchain Application to hit $6.29 Billion by 2024
ustc

Global Energy Sector: Blockchain Application to hit $6.29 Billion by 2024

BIS Research has presented a new market intelligence report dubbed ‘Global Blockchain in Energy Market - Analysis and Forecast, 2018-2024.’ It reveals that blockchain application in the energy market was worth $518.6 million in 2018 and its value will reach $6.29 billion in 2024.

Marathon Digital and Zero Two Partner for Abu Dhabi Bitcoin-Mining Facility
ustc

Marathon Digital and Zero Two Partner for Abu Dhabi Bitcoin-Mining Facility

Marathon Digital Holdings and Zero Two have partnered to create a large-scale immersion Bitcoin-mining facility in Abu Dhabi. The joint venture, based in Mina Zayed and Masdar City, will comprise two mining sites with a combined 250-megawatt capacity. Marathon and Zero Two plan to power the facilities with excess energy from Abu Dhabi’s grid.

TRON Welcomes NFT Collectors into the MegaCryptoPolis Metaverse
ustc

TRON Welcomes NFT Collectors into the MegaCryptoPolis Metaverse

It’s no secret that TRON has been eyeing a foray into NFTs and digital collectibles for some time; only last week, Justin Sun was pipped to the punch to purchase Beeple’s NFT art collection at Christie’s. The TRON founder placed a last-minute bid that fell just short of the $69 million the work eventually went for.

IBM and Verizon Business Collaborate on 5G and AI Edge Computing Innovation
ustc

IBM and Verizon Business Collaborate on 5G and AI Edge Computing Innovation

Tech giant IBM is collaborating with Verizon Business to help usher in the future of Industry 4.0 through their respective expertise on edge computing innovation and 5G technology.

Different Stances on Cryptocurrency Risk Revealed, Many Still Link Crypto to Cyber Fraud
ustc

Different Stances on Cryptocurrency Risk Revealed, Many Still Link Crypto to Cyber Fraud

Findings revealed that banks, governments, and cryptocurrency professionals were divided in their stance on digital currencies.

Cryptos Confiscated from $4.2 Billion PlusToken Scam Likely Sold by Chinese Police, says Journalist Colin Wu
ustc

Cryptos Confiscated from $4.2 Billion PlusToken Scam Likely Sold by Chinese Police, says Journalist Colin Wu

China’s crypto journalist Colin Wu believes that Chinese police have sold cryptocurrencies seized from the $4.2 billion PlusToken Ponzi crackdown.

Randall Crater, Founder of "My Big Coin" Sentenced
ustc

Randall Crater, Founder of "My Big Coin" Sentenced

A U.S. Federal Court Judge sentenced Randall Crater to 100 months in prison. Crater defrauded 55 investors with $7.6 million.

Hex Trust Announces Integration of Polkadot Blockchain Network
ustc

Hex Trust Announces Integration of Polkadot Blockchain Network

Hong Kong-based digital asset custody provider Hex Trust announced the integration of Polkadot blockchain network into Hex Safe.

US Justice Department Charges John McAfee with Cryptocurrency Fraud
ustc

US Justice Department Charges John McAfee with Cryptocurrency Fraud

Antivirus software entrepreneur John McAfee has been charged with fraud and crypto pump and dump scheme offenses by the US Department of Justice, which alleges that he and his accomplices participated in a scheme that earned them more than $16.9 million by fraudulently promoting altcoins to unwitting investors.

Celestia's Core Values: Bridging Off-chain Governance with User-centric Network
ustc

Celestia's Core Values: Bridging Off-chain Governance with User-centric Network

Mustafa Al-Bassam delineates five core values for Celestia's social layer aimed at enhancing trust-minimization and user-centric network functionalities. These values include the primacy of off-chain governance, user elevation, credible neutrality towards execution environments, economic sustainability, and minimizing overhead and state bloat. The discourse provides a profound insight into Celestia's commitment to fostering a user-driven, trust-minimized blockchain network.

Ripple CEO Warns SEC's "Enforcement" Approach May Hurt US Crypto Industry
ustc

Ripple CEO Warns SEC's "Enforcement" Approach May Hurt US Crypto Industry

Ripple CEO, Brad Garlinghouse, has suggested that the US Securities and Exchange Commission's (SEC) approach to regulation is putting the US at risk of missing out on being an attractive hub for the next evolution of blockchain and crypto innovation. Garlinghouse noted that the SEC's case against Ripple is the SEC simply playing "offense" and "attacking" the industry as a whole. He added that the crypto industry has "already started moving outside" of the US given its crypto regulation process is "behind" other countries such as Australia, UK, Japan, Singapore, and Switzerland.

Justin Sun Finally Got His Long-Awaited $4.57 Million Dinner with Warren Buffett
ustc

Justin Sun Finally Got His Long-Awaited $4.57 Million Dinner with Warren Buffett

Founder of TRON, cryptocurrency entrepreneur Justin Sun had his long-awaited $4.57 million charity auctioned meal with Warren Buffett. Here's what happened.

U.S. District Judge Kevin Castel Grants Request to Defer civil cases
ustc

U.S. District Judge Kevin Castel Grants Request to Defer civil cases

On Feb. 13, Manhattan District Judge Kevin Castel granted the applications to suspend the civil proceedings "without prejudice" until the DOJ's trial against SBF begins.

Grayscale Launches New Entity to Manage Growing Funds
ustc

Grayscale Launches New Entity to Manage Growing Funds

Cryptocurrency asset manager Grayscale Investments has launched a new entity, the Grayscale Funds Trust, to manage its publicly traded financial products in-house. The company has also filed a registration statement for three new cryptocurrency-focused ETFs, including a Bitcoin Composite ETF, Ethereum Futures ETF, and a Privacy ETF.

Coca-Cola Vendors Accept Bitcoin in Australia and New Zealand
ustc

Coca-Cola Vendors Accept Bitcoin in Australia and New Zealand

Amatil, the Coca-Cola company's biggest distributor in Australia and New Zealand has partnered with Centrapay, a payment startup to enable customers to pay with Bitcoin and other digital currencies.

Virginia Tech Study Reveals Geographic Biases in ChatGPT's Environmental Justice Information
ustc

Virginia Tech Study Reveals Geographic Biases in ChatGPT's Environmental Justice Information

Virginia Tech study reveals ChatGPT's limitations in providing local-specific info on environmental justice, highlighting geographic biases.

Bitcoin Accelerates the Development of Renewable Energy for Bitcoin Mining
ustc

Bitcoin Accelerates the Development of Renewable Energy for Bitcoin Mining

The use of volcano power to mine Bitcoin (BTC) in El Salvador was propelling the leading cryptocurrency’s quest to accelerate renewable energy development.

China Establishes First-Ever Blockchain Zone in Central Province of Hunan
ustc

China Establishes First-Ever Blockchain Zone in Central Province of Hunan

The first provincial blockchain zone has been established in China, in the central Chinese province of Hunan. The “Wanbao” blockchain zone is located in the city of Loudi, marking the first blockchain zone in China, according to a local Chinese report.

El Salvador Lawmakers Passes $150M Bitcoin Trust Fund into Law
ustc

El Salvador Lawmakers Passes $150M Bitcoin Trust Fund into Law

El Salvador parliament has passed the Bitcoin Trust Fund proposal into law.

Paolo Ardoino: Tether Ranks 22nd in US Treasury Holdings, Surpassing Mexico, Australia, and Spain
ustc

Paolo Ardoino: Tether Ranks 22nd in US Treasury Holdings, Surpassing Mexico, Australia, and Spain

Tether, the world's leading stablecoin, now holds $72.5 billion in U.S. Treasury bills, despite China's divestment from U.S. debt. Mixed reactions arise, questioning long-term stability in emerging markets.

Coinbase Introduces PayID and Premium Services for Aussie Retail Customers
ustc

Coinbase Introduces PayID and Premium Services for Aussie Retail Customers

Coinbase offers three new services for Aussie clients. One of these features would allow customers to use PayID as a way to top up their accounts with Australian Dollar transfers.

Decentralized Hackers 'Anonymous' Promise Retribution for George Floyd, Will Expose Minneapolis Police Record of Systemic Racism
ustc

Decentralized Hackers 'Anonymous' Promise Retribution for George Floyd, Will Expose Minneapolis Police Record of Systemic Racism

Hacktivist group ‘Anonymous’ has promised retribution against the Minneapolis Police Department (MPD) for the death of George Floyd last week.

ASIC Raids Binance Australia as Global Regulatory Hurdles Mount
ustc

ASIC Raids Binance Australia as Global Regulatory Hurdles Mount

As reported by Bloomberg, the Australian Securities and Investments Commission (ASIC) executed a search operation at the offices of Binance Australia. This operation is a part of an ongoing inquiry into the crypto giant's now-closed local derivatives business, highlighting the intensifying regulatory scrutiny Binance is encountering.

Hong Kong Blockchain Ecosystem Feb 2020 - New Members
ustc

Hong Kong Blockchain Ecosystem Feb 2020 - New Members

Hong Kong Blockchain Ecosystem Feb 2020 - New Members

Luna Foundation Says Plans to Repay Terra Investors Thwarted by Litigation Woes
ustc

Luna Foundation Says Plans to Repay Terra Investors Thwarted by Litigation Woes

The plans to compensate affected Terra users is still far from reality.

Animoca Brands Cuts Metaverse Fund Target to $800M
ustc

Animoca Brands Cuts Metaverse Fund Target to $800M

Animoca Brands, a Hong Kong-based developer of blockchain gaming technology, has reduced its target for its metaverse fund by 20% to $800 million due to volatility in the crypto sector. The company's market capitalization has also fallen from $6 billion to below $2 billion, signaling a change in sentiment in the crypto industry.

Virgil Griffith Sentenced to 5-Year Jail for Helping Individuals in North Korea Evade Sanctions
ustc

Virgil Griffith Sentenced to 5-Year Jail for Helping Individuals in North Korea Evade Sanctions

An American citizen is sentenced to 63 months in jail by U.S. District Judge for allegedly helping individuals in the DPRK (North Korea) to evade sanctions imposed by the U.S.

Justin Sun: Tron Network is Holding 3000 Bitcoin
ustc

Justin Sun: Tron Network is Holding 3000 Bitcoin

Tron network, a blockchain-based decentralized operating system, is hosting 3,000 Bitcoin (BTC) configured as BTCTRON, according to its CEO and founder Justin Sun.

US Bitcoin Corp-Hut 8 Merger Progresses Amid Celsius Plan Approval
ustc

US Bitcoin Corp-Hut 8 Merger Progresses Amid Celsius Plan Approval

US Bitcoin Corp has secured court approval for its merger with Hut 8 Mining Corp, marking a significant step towards managing its assets and listing on Nasdaq and the Toronto Stock Exchange.

Stablecoins Pose Risks to Financial Stability: Yellen
ustc

Stablecoins Pose Risks to Financial Stability: Yellen

The instability of the UST stablecoin has pushed the United States Treasury Secretary, Janet Yellen, to advocate for introducing a tighter regulatory framework to govern the entire stablecoin offshoot of the crypto ecosystem.

Morgan Stanley Buys Up To $40 Million Worth of Grayscale Bitcoin Trust Shares
ustc

Morgan Stanley Buys Up To $40 Million Worth of Grayscale Bitcoin Trust Shares

Morgan Stanley recently bought more shares in Grayscale Bitcoin Trust to expand its allocation in Bitcoin investment. The move indicates a continued and ever-increasing position in crypto-related assets.

Winklevoss Sees US Stimulus Negotiation Fail as a “Wakeup Call And an Endorsement of Bitcoin”
ustc

Winklevoss Sees US Stimulus Negotiation Fail as a “Wakeup Call And an Endorsement of Bitcoin”

Bitcoin billionaire Cameron Winklevoss thinks that this is the perfect opportunity to invest in Bitcoin, as the dollar keep depreciating and US politicians are unable to reach a consensus on a stimulus package budget.

Raoul Paul Hails Crypto Industry, Calls it "Anti-Fragile Financial System."
ustc

Raoul Paul Hails Crypto Industry, Calls it "Anti-Fragile Financial System."

The crypto market collapsed significantly but bounced back on its own, gaining praises from Raoul Paul.

Breaking: Binance Sells Russian Operations to CommEX, Exits Market
ustc

Breaking: Binance Sells Russian Operations to CommEX, Exits Market

Binance has announced the sale of its entire Russia business to CommEX, citing compliance issues as the primary reason for the exit. The transition process for existing Russian users is expected to take up to one year, with no financial strings attached to the deal for Binance.

Kakao Affiliates Face Probe Over Crypto Misappropriation Allegations
ustc

Kakao Affiliates Face Probe Over Crypto Misappropriation Allegations

Prosecution delves into allegations of cryptocurrency embezzlement & breach of trust against ex-Kakao chairman & affiliate executives, marking the start of a formal inquiry with the examination of the complainant on Oct 11.

Grimes Offers to Split Royalties with AI-Generated Music Creators
ustc

Grimes Offers to Split Royalties with AI-Generated Music Creators

Musician and producer Grimes has announced that she is in favor of AI-generated music and will treat AI creators using her voice the same as other artists she collaborates with. She plans to split 50% royalties on any successful AI-generated song that uses her voice. Grimes has no label and supports open-sourcing art, ultimately “killing copyright.”

IOTA Launches Austria State-Backed Christian Doppler Laboratory for Blockchain Research
ustc

IOTA Launches Austria State-Backed Christian Doppler Laboratory for Blockchain Research

The IOTA Foundation is joining the new research laboratory for blockchain technologies for the Internet of Things (IoT) as an industrial partner.

Solana's SOL Price Predicted to Surpass $3000 in Bullish Scenario by 2030
ustc

Solana's SOL Price Predicted to Surpass $3000 in Bullish Scenario by 2030

VanEck's analysis suggests Solana could reach significant valuation by 2030 due to its technical innovations and user-focused applications. However, challenges like financial sustainability, technical stability, and developer adoption need to be addressed for this potential.

Singapore Regulators and Banks Develop Crypto Customer Screening Standards
ustc

Singapore Regulators and Banks Develop Crypto Customer Screening Standards

Singapore's monetary authority and police forces are collaborating with traditional banks to optimize their procedures for opening accounts for digital asset service providers. After six months, results and conclusions for risk management and due diligence will be published. The guidelines will cover stablecoins, NFTs, and transferable gaming or streaming credits, with banks reserving the right to make decisions based on their own risk assessment.

BIS Conference Addresses Cybersecurity in Central Bank Digital Currencies (CBDC)
ustc

BIS Conference Addresses Cybersecurity in Central Bank Digital Currencies (CBDC)

Agustín Carstens, General Manager of the Bank for International Settlements, highlighted the importance of cybersecurity for central bank digital currencies (CBDCs) during a conference in Basel, Switzerland, emphasizing the need for secure, user-friendly, and adaptable systems.

Holon Partners with Gemini, Launches Australia’s Lowest Fee Crypto ETFs
ustc

Holon Partners with Gemini, Launches Australia’s Lowest Fee Crypto ETFs

Holon has launched Australia’s first unlisted retail Bitcoin, Ethereum and Filecoin funds. The crypto funds provide investors with low fees and regulated access to the burgeoning blockchain and crypto worlds.

Signature Bank Under Investigation by US Government Bodies
ustc

Signature Bank Under Investigation by US Government Bodies

Signature Bank is reportedly under investigation by both the Securities and Exchange Commission and the Department of Justice over concerns that the bank did not take adequate measures to detect potential money laundering by its clients. The bank was closed on March 12 as part of a series of bank closures that also included Silvergate Capital and Silicon Valley Bank.

Binance Australia Appoints Former DigitalX EXEC Leigh Travers as New CEO
ustc

Binance Australia Appoints Former DigitalX EXEC Leigh Travers as New CEO

Binance exchange officially announced yesterday that hired former DigitalX CEO and director Leigh Travers as the CEO of Binance Australia.

Binance Australia Derivatives starts closing certain positions and accounts
ustc

Binance Australia Derivatives starts closing certain positions and accounts

Binance Australia Derivatives are for wholesale investors exclusively, according to a separate notification.

French Giant Bank BNP Paribas to Launch Crypto Custody Business
ustc

French Giant Bank BNP Paribas to Launch Crypto Custody Business

BNP Paribas has partnered with Metaco to enter the cryptocurrency custody business. The bank will focus on providing institutional-grade custody for digital assets.

Block's AUD$3M Investment Boosts Indigenous Business Sector in Australia
ustc

Block's AUD$3M Investment Boosts Indigenous Business Sector in Australia

Block Inc. invests AUD$3 million in First Australians Capital's new fund, supporting Indigenous businesses in Australia, aiming to empower entrepreneurs, foster economic growth, and create community wealth.

AI : Experts Predict Human-Level Intelligence Within Decades
ustc

AI : Experts Predict Human-Level Intelligence Within Decades

A 2023 Oxford University survey forecasts a 50% chance of AI surpassing human performance in a decade, potentially reshaping jobs and industries by 2116. This rapid AI development calls for equitable access and bias mitigation.

Trust Wallet Partners with Ramp and MoonPay for Crypto-to-Fiat Withdrawals
ustc

Trust Wallet Partners with Ramp and MoonPay for Crypto-to-Fiat Withdrawals

Trust Wallet has partnered with Ramp and MoonPay to offer seamless crypto-to-fiat withdrawals for its users. The feature allows Trust Wallet users to convert crypto to fiat directly within the app, eliminating the need for transferring funds to a centralized wallet. This development comes at a time when centralized exchanges and P2P platforms are shutting down.

OpenBazaar Set for a Comeback
ustc

OpenBazaar Set for a Comeback

OpenBazaar, a decentralized marketplace that was shut down in 2020, appears set for a comeback. Recent updates on social media and GitHub indicate progress on building a new version of the marketplace using the programming language Rust. Former project lead Brian Hoffman has hinted at the marketplace's return, citing "freedom of exploration" as a key factor in its revival.

Visa Approves Australian Startup CryptoSpend to Issue Debit Cards in Cryptos
ustc

Visa Approves Australian Startup CryptoSpend to Issue Debit Cards in Cryptos

The world's leading payment giant Visa approves the Australian startup CryptoSpend to issue debit cards for its customers to consume through cryptocurrencies.

Binance Accelerates LUNC Burn, Fuels Market Optimism with Over 49 Billion Tokens Burned
ustc

Binance Accelerates LUNC Burn, Fuels Market Optimism with Over 49 Billion Tokens Burned

Binance's recent burning of 5.57 billion Terra Luna Classic tokens has significantly reduced LUNC supply, leading to a 7% increase in LUNC and USTC prices.

10,000 New Blockchain Companies Founded in China Despite COVID-19
ustc

10,000 New Blockchain Companies Founded in China Despite COVID-19

COVID-19 has not prevented blockchain companies in China from emerging at a dramatic speed.

UK Finance Ministry Proposes Safety Net Measures against Stalling Stablecoins
ustc

UK Finance Ministry Proposes Safety Net Measures against Stalling Stablecoins

The proposals presented by the British finance ministry are aimed to mitigate risks related to stablecoins amid the recent TerraUSD de-pegging fiasco.

VP Bank Partners with Metaco for Digital Asset Custody Services
ustc

VP Bank Partners with Metaco for Digital Asset Custody Services

VP Bank has teamed up with Metaco to enhance its digital asset custody and tokenization operations. The partnership will allow VP Bank to leverage Metaco's Harmonize platform for asset minting, burning, and storage.

WEF Launches Coalition to Deal with Climate Change through Web3.0
ustc

WEF Launches Coalition to Deal with Climate Change through Web3.0

The World Economic Forum (WEF) has established a Crypto Sustainability Coalition to investigate the capability of Web3 in tackling climate change.

Why the World Needs a Blockchain Consensus Operating System
ustc

Why the World Needs a Blockchain Consensus Operating System

The true potential of blockchain to transform the lives of people around the world has clearly not been realised.

VeChain and Alipay Join China-Australia Blockchain Supply Chain Project for Sustainable Shipping
ustc

VeChain and Alipay Join China-Australia Blockchain Supply Chain Project for Sustainable Shipping

A joint Australian-Chinese supply chain and trade finance project got a major boost last week as AliPay, Mastercard, and crypto firm VeChain joined the initiate.

Australia’s Finance Minister Warns Crypto are High Risk Assets
ustc

Australia’s Finance Minister Warns Crypto are High Risk Assets

Australia’s Financial Services Minister Jane Hume warned that the cryptocurrencies are volatile and high-risk assets, investors must be aware of risk after the recent massive price correction of the global crypto industry.

Proposal to Burn 1.3bn UST Tokens Wins Approval from Terra Governance
ustc

Proposal to Burn 1.3bn UST Tokens Wins Approval from Terra Governance

According to CoinGecko, the total number of tokens to be burnt equals more than 1.3 billion UST or around 11% of the existing 11.2 billion UST supply.

MintDice—Rolling the Dice on Trust
ustc

MintDice—Rolling the Dice on Trust

MintDice is an online cryptocurrency casino that leverages the immutable trust-machine Blockchain. No, blockchain does not magically turn losers into winners or improve their odds, but players on the site will be able to know for certain that the odds didn’t change mid-spin, the game was played properly, and the stakes were real on both ends.

Bitcoin, Crypto and Porn: Will the Adult Industry Boost the Market?
ustc

Bitcoin, Crypto and Porn: Will the Adult Industry Boost the Market?

The adult porn industry is a massive sector. Will it give crypto adoption a boost in the right direction? With many coins already in use, what has happened?

Crypto Bank Protego Trust Appoints Ron Totaro as CEO
ustc

Crypto Bank Protego Trust Appoints Ron Totaro as CEO

Ron Totaro comes with key leadership professional experience as digital asset bank Protego Trust seeks growth to continue serving the crypto marketplace.

Vitalik Buterin: Time will Tell Whether the Hive Blockchain will Surpass Steem
ustc

Vitalik Buterin: Time will Tell Whether the Hive Blockchain will Surpass Steem

Justin Sun’s entry into Steemit is not going down well with the community. They have created a hard fork of the blockchain and named it Hive. Vitalik Buterin, Ethereum Founder, tweeted that Hive stands a test of time in demonstrating whether self-independence will be achieved.

Terra Classic (LUNC) Community Approves Landmark Proposal to Burn 800 Million USTC
ustc

Terra Classic (LUNC) Community Approves Landmark Proposal to Burn 800 Million USTC

The Terra Classic community has voted in favor of a proposal to burn 800 million USTC through contract migration, marking a pivotal governance decision.

No Plans to Launch Crypto Platform Yet: Nasdaq
ustc

No Plans to Launch Crypto Platform Yet: Nasdaq

Nasdaq plans to wait for further clarity in terms of crypto adoption globally, the company’s executive vice president and head of North American markets said.

Binance CEO Emphasizes Importance of Understanding Crypto for Proper Regulation
ustc

Binance CEO Emphasizes Importance of Understanding Crypto for Proper Regulation

During a fireside chat at the Hong Kong Web3 Festival, Binance CEO Changpeng Zhao (CZ) discussed the importance of regulators having a deep understanding of the crypto industry to properly regulate it. He emphasized the need for regulatory clarity and engagement with regulators. CZ also suggested that government efforts to restrict traditional financial markets may push more people towards crypto, ultimately leading to mass adoption.

Bitcoin Water Trust Receives Over $1.3M BTC Donations For Charity within Three Weeks
ustc

Bitcoin Water Trust Receives Over $1.3M BTC Donations For Charity within Three Weeks

The famous New York-based non-profit organization "Charity: water" has recently introduced the Bitcoin Water Trust establishment during the 2021 Miami Bitcoin Conference. The trust fund has received worth more than $1.3 million BTC donations within three weeks of the trust's launch.

Report: TON and Telegram Forge Alliance in Q3 2023
ustc

Report: TON and Telegram Forge Alliance in Q3 2023

The TON Ecosystem saw substantial growth and strategic alliances in Q3 2023. Notable highlights include a collaborative venture with Telegram, set to roll out the self-custodial wallet, TON Space, to Telegram's 800 million users, and a steady increase in TON accounts and on-chain active wallets. Various community initiatives and developer-centric events further illustrated TON's commitment to fostering a robust ecosystem, setting a solid foundation for its expansive vision in the crypto landscape.

Fidelity Set to Hire 100 Employees to Strengthen its Crypto Firm
ustc

Fidelity Set to Hire 100 Employees to Strengthen its Crypto Firm

Fidelity Digital Assets, the asset management Behemoth Fidelity's cryptocurrency division, has disclosed its plans to hire 100 new employees in the next six months to strengthen its workforce

US Regulator Crypto Custody Proposal Opposed
ustc

US Regulator Crypto Custody Proposal Opposed

The US SEC's proposal to amend its custody rule has faced opposition from the Blockchain Association and Andreessen Horowitz, who have filed letters criticising the rule's impact on investment advisers and its potential to curtail investment in digital assets. The SEC's proposal would apply more stringent rules on investment advisers in the custody of assets, including crypto.

New Wave of Green Energy Programs Influence Crypto Mining Sector
ustc

New Wave of Green Energy Programs Influence Crypto Mining Sector

The mass exodus of crypto mining operations out of China based on intensified crackdowns has triggered the urge for sustainable and environmentally friendly mining activities.

Reuters: Binance Australia Users Rush to Sell Bitcoin Amid Payment Issues
ustc

Reuters: Binance Australia Users Rush to Sell Bitcoin Amid Payment Issues

According to a recent report by Reuters, Bitcoin prices on Binance's Australian platform were almost A$9,000 lower than those on rival exchanges on Tuesday.

SEC Rejects VanEck Spot Bitcoin Trust Proposal
ustc

SEC Rejects VanEck Spot Bitcoin Trust Proposal

The United States Securities and Exchange Commission has denied the proposal for a spot Bitcoin trust by investment manager VanEck. This decision follows a trend of the SEC denying every application for a spot Bitcoin trust over the last six years. Two SEC commissioners have released a statement criticizing the decision and alleging a double standard in the Commission’s approach to commodity-based exchange-traded products (ETPs).

Northern Trust Partners with NUS to Advance Blockchain for Institutional Investors
ustc

Northern Trust Partners with NUS to Advance Blockchain for Institutional Investors

Nasdaq listed company Northern Trust (NTRS), the National University of Singapore's School of Computing (NUS Computing), and the Asian Institute of Digital Finance (NUS AIDF) have announced a series of initiatives aimed at shaping the future of blockchain for institutional investors.

Blockchain Unleashed at the United Nations General Assembly on the Global Crisis
ustc

Blockchain Unleashed at the United Nations General Assembly on the Global Crisis

Greta Thunberg, the 16-year-old has been on the headlines for the global climate crisis movement and has delivered a compelling speech at the 73rd United Nations General Assembly (UNGA).

Wintermute Accuses Near Foundation and Aurora Labs of Failing to Honor USN Redemptions
ustc

Wintermute Accuses Near Foundation and Aurora Labs of Failing to Honor USN Redemptions

Wintermute criticizes Near Foundation and Aurora Labs for failing to fulfill USN redemption commitments, resulting in significant unredeemed funds. Seeking legal recourse and remaining adversarial if resolutions fail.

Aussie Trading Platform Collapses after User's Damning Complaints
ustc

Aussie Trading Platform Collapses after User's Damning Complaints

MyCryptoWallet, a platform that operates as a trading platform in Australia went bankrupt. A situation that was inevitable as many of the platform’s users started complaining that they were unable to access their funds on the exchange.

Australian Crypto Exchange BTC Markets Accidentally Exposes 270,000 Customer Names and Emails
ustc

Australian Crypto Exchange BTC Markets Accidentally Exposes 270,000 Customer Names and Emails

BTC Markets, the largest cryptocurrency exchange in Australia, has accidentally exposed customers’ data, an incident that has put users at risk of phishing attacks.

FTX Founder's Lawyers Consider Delaying Criminal Trial
ustc

FTX Founder's Lawyers Consider Delaying Criminal Trial

Lawyers representing FTX founder Sam Bankman-Fried have hinted that they may need to delay his criminal trial due to a lack of evidence from the Department of Justice (DOJ). The trial, which is scheduled to begin on October 2, will focus on fraud charges against Bankman-Fried. His lawyers have stated that they are still waiting for a "substantial portion" of evidence to be handed over to them, including evidence from devices belonging to former FTX employees who have pleaded guilty to fraud charges.

DBS Declines to Offer Crypto Services to Retail Customers as Regulation Stiffens
ustc

DBS Declines to Offer Crypto Services to Retail Customers as Regulation Stiffens

Since regulators consider crypto coins to be ill-suited for retail consumers, DBS bank said that it will not offer such products to retail-banking clients any time soon.

Zodia Custody and Parity Technologies Forge Strategic Partnership for Polkadot Ecosystem
ustc

Zodia Custody and Parity Technologies Forge Strategic Partnership for Polkadot Ecosystem

Zodia Custody has partnered with Parity Technologies to enhance institutional access to the Polkadot ecosystem, a pioneering blockspace network. The partnership will provide custody services, staking DOT, and bridging the gap between traditional finance and digital assets. Zodia Custody will also support the ecosystem's sustained evolution through research and development, promoting global initiatives associated with Parity and Polkadot.

Luna Foundation Guard Details About Depleted Reserve
ustc

Luna Foundation Guard Details About Depleted Reserve

The Terra blockchain as we know it has come to its end and post mortem analysis from the Luna Foundation Guard (LFG) shows the not-for-profit organization has almost used up its reserve as confirmed in a tweet shared early on Monday

HTX Hacker Returns Stolen Ether, Rewarded with Bounty
ustc

HTX Hacker Returns Stolen Ether, Rewarded with Bounty

The hacker who stole 5,000 Ether from Huobi Global's exchange HTX returned the funds on October 7, following a bounty offer from HTX. The exchange had offered a 5% bounty of the stolen funds if returned by an October 2 deadline. Upon the return of the stolen funds, the hacker was rewarded with a 250 ETH bounty, valued at approximately $410,000. The return of the funds and the bounty payout was publicly acknowledged by HTX adviser Justin Sun.

U.S. Houston Firefighter’s Pension Fund Invests $25 Million in Bitcoin and Ethereum
ustc

U.S. Houston Firefighter’s Pension Fund Invests $25 Million in Bitcoin and Ethereum

The Houston Firefighters' Relief and Retirement Fund, which manages nearly $5.5 billion in assets, announced that it has invested in cryptocurrencies.

TRON’s Founder Justin Sun Could be Real Acquirer of Huobi Global: Sources
ustc

TRON’s Founder Justin Sun Could be Real Acquirer of Huobi Global: Sources

Justin Sun, the founder of TRON, is reportedly to be the real buyer for the acquisition of Huobi Global, according to sources with the matter.

Washington Developer Harbor Custom Development to Accept Payments in Crypto
ustc

Washington Developer Harbor Custom Development to Accept Payments in Crypto

Real estate investors in Washington will have more options by paying cryptocurrencies, as the Washington-based Harbor Custom Development Inc is launching the service by the end of January.

US District Judge Rules in Favor of Custodial Arrangement for bZx DAO Members
ustc

US District Judge Rules in Favor of Custodial Arrangement for bZx DAO Members

A US district judge has ruled that bZx DAO transactions are custodial due to the ability for developers to upgrade a smart contract where the key is held by a single developer, as highlighted in a class-action lawsuit against bZx DAO and others. This may impact DeFi platforms that use multisigs and require them to obtain custody licenses to comply with the law.

Australia Breaks Into Top 3 Nations for Crypto ATM
ustc

Australia Breaks Into Top 3 Nations for Crypto ATM

Australia has 234 crypto ATMs, third worldwide behind the US and Canada. Australia has added 16 ATMs since Jan. 1, while Spain has lost 4 and El Salvador hasn't.

Exclusive: Can Onchain Custodian Fill Fidelity's Gap in Crypto Custody?
ustc

Exclusive: Can Onchain Custodian Fill Fidelity's Gap in Crypto Custody?

While wall street giant Fidelity tapped into the crypto custodian space, can Onchain Custodian survive under the fierce competition? Alexandre Kech, CEO of Onchain Custodian believes that they can fill Fidelity's gap in the crypto custodial market. He also explains how the surging demand in BTC futures and crypto collateral can present huge business opportunities for crypto custodians.

OKX to Open Office in Australia
ustc

OKX to Open Office in Australia

Brand Ambassadors Daniel Ricciardo, Scotty James, and McLaren F1 driver Oscar Piastri join event at Melbourne Arts Centre to celebrate ahead of Australian Grand Prix

Facebook Taps Coinbase to Offer Custody Services for Novi Digital Wallet Rollout
ustc

Facebook Taps Coinbase to Offer Custody Services for Novi Digital Wallet Rollout

Facebook is launching Novi digital wallet. The social giant has hired Coinbase to serve as a custody partner.

Binance Collaborates with Royal Thai Police to Disrupt Criminal Networks
ustc

Binance Collaborates with Royal Thai Police to Disrupt Criminal Networks

Binance, in conjunction with the Royal Thai Police, has successfully disrupted major crypto fraudulent networks in Thailand through two significant operations. The collaboration led to the arrest of key individuals and substantial asset seizures, underscoring Binance's proactive stance against cybercrime and its ongoing commitment to enhancing security within the digital asset ecosystem.

Bitcoin Most Popular Crypto in North America, Market Experts Report
ustc

Bitcoin Most Popular Crypto in North America, Market Experts Report

Bitcoin has always been the most popular cryptocurrency on the global market, but the region that is most invested in BTC assets appears to be North America.

Fidelity Digital Assets Custody Ready for Bitcoin Derivatives Yield Fund
ustc

Fidelity Digital Assets Custody Ready for Bitcoin Derivatives Yield Fund

Wave Financial, based in Los Angeles, launched the Wave BTC Income & Growth Digital Fund, racing to become the first crypto derivatives-based yield fund in the market.

Tornado Cash Now Placed Under US OFAC Sanctions
ustc

Tornado Cash Now Placed Under US OFAC Sanctions

The United States Treasury Department has barred Tornado Cash from offering any form of transactions to individuals in the US.

Blockchain Industry Will Be Valued at $21 Billion Globally by 2025, Research Suggests
ustc

Blockchain Industry Will Be Valued at $21 Billion Globally by 2025, Research Suggests

A research study by Fortune Business Insight, a market reporting and consulting firm, suggests the global blockchain industry will be valued at a mammoth $21 billion in the next five years. The report explored the rise of financial technology and blockchain companies working towards financial inclusion and targeting developing countries and regions to leverage growth. Such regions, incidentally, have witnessed a growth in educated talent in the past decade, and are well-suited to interact with and understanding distributed ledger mechanisms.

Hong Kong Investors Launch $100M Fund for Web3 Startups
ustc

Hong Kong Investors Launch $100M Fund for Web3 Startups

ProDigital Future, a new $100 million fund led by Hong Kong-based equity firm SAIF Partners, aims to support early-stage Web3 companies in the regional market. The fund has already raised $30 million during its half-year fundraising period and plans to raise $100 million by the end of 2023. ProDigital Future has already invested in six digital-asset projects, including GigaSpace and One Future Football. The fund intends to operate in Hong Kong, Australia, Singapore, Europe, and the United States, while adhering to the necessary licensing and regulatory requirements.

Binance Australia Derivatives License Canceled by ASIC
ustc

Binance Australia Derivatives License Canceled by ASIC

ASIC has canceled the financial services license of Binance Australia Derivatives after reviewing Binance's operations in the country. Clients must close their existing derivatives positions before April 21.

China Allows Building of Hydroelectric Plant in Well Known Bitcoin Mining Town
ustc

China Allows Building of Hydroelectric Plant in Well Known Bitcoin Mining Town

Government authorities in China have allowed construction to go ahead to increase the capacity of current hydroelectric plants in the Ya'an district of Sichuan, a town popularly known in cryptocurrency circles to be teeming with Bitcoin miners.

How to Build Sustainable Mobility With Blockchain?
ustc

How to Build Sustainable Mobility With Blockchain?

Sustainable mobility is the need of the hour. Mobility service providers have to make public transit attractive to people while adding sustainable and green transport. How can technologies such as Blockchain empower these Mobility Operators in their move towards a greener future?

R3 Highlights the Transformative Potential of Tokenization in Finance
ustc

R3 Highlights the Transformative Potential of Tokenization in Finance

R3, a leading enterprise blockchain software firm, discusses the transformative potential of tokenization in the financial sector. The company emphasizes the need for regulatory frameworks and industry standards to unlock the full benefits of digital assets. According to a June 2023 report from Bernstein, $5 trillion in assets could be tokenized in the next five years, offering significant opportunities for market participants.

Australia Tax Office Says Crypto Under Focus This Tax Season
ustc

Australia Tax Office Says Crypto Under Focus This Tax Season

The Australian Taxation Office (ATO) has highlighted four major problem areas it wants to focus on this taxation season, and digital currencies are prominently featured.

Microsoft’s Bill Gates on Big Tech Antitrust Hearing – Government Scrunity Inevitable with Tech Success
ustc

Microsoft’s Bill Gates on Big Tech Antitrust Hearing – Government Scrunity Inevitable with Tech Success

Bill Gates discussed the antitrust hearing opposing US congress and Big Tech - Amazon, Apple, Facebook, and Google (Alphabet) - and gave his input.

PayPal Joins Coinbase TRUST Network to Comply with Travel Rule
ustc

PayPal Joins Coinbase TRUST Network to Comply with Travel Rule

Coinbase has welcomed PayPal for joining TRUST, a global coalition that offers top-tier privacy and security safeguards to clients across jurisdictions while complying with the Travel Rule.

Crypto Project Baer Chain Has Been Classified as a Ponzi Scheme by the Chinese Police Department
ustc

Crypto Project Baer Chain Has Been Classified as a Ponzi Scheme by the Chinese Police Department

The police department of the Haizhou district in Lianyungang, a coastal city in China published a notice on " information verification and registration of investment members of the Baer Chain case” on June 15. According to the notice, the project has been classified as a Ponzi scheme.

China's Guangdong Province Aims to Lead in Quality and Innovation by Embracing Blockchain and AI Technologies
ustc

China's Guangdong Province Aims to Lead in Quality and Innovation by Embracing Blockchain and AI Technologies

In a recent move, the Guangdong Provincial Party Committee and Provincial Government have issued the "Outline for Building Guangdong Province as a Strong Quality-driven Province," outlining their vision to enhance the leading role of industrial clusters in terms of quality.

Global Blockchain IoT Market Expected to Generate Returns Worth $5.8 Billion by 2026
ustc

Global Blockchain IoT Market Expected to Generate Returns Worth $5.8 Billion by 2026

The global blockchain IoT market is expected to offer a revenue of $5.802 billion by 2026, driven by factors like IoT being increasingly implemented by mand end-use industries worldwide.

Singapore's MAS Blacklists ImToken Wallet for Unlicensed Operations
ustc

Singapore's MAS Blacklists ImToken Wallet for Unlicensed Operations

Singapore's MAS has blacklisted ImToken, a crypto wallet provider, for lack of a financial license, citing its role as a decentralized, self-custodial wallet for investor protection and market stability.

Do Kwon Suggests Terra Hard Fork to Revive Troubled Network
ustc

Do Kwon Suggests Terra Hard Fork to Revive Troubled Network

Do Kwon, the CEO of Terraform Labs, believes hard forking the Terra blockchain will play an instrumental role in saving the troubled network.

Judge Dismisses Antitrust Suit Against Apple Over Apple Cash
ustc

Judge Dismisses Antitrust Suit Against Apple Over Apple Cash

US District Judge has dismissed an antitrust lawsuit targeting Apple, where Venmo and Cash App users claimed Apple Cash had an anti-competitive edge.

Hive Digital Technologies Bolsters Global Reach with Swedish Data Center Acquisition
ustc

Hive Digital Technologies Bolsters Global Reach with Swedish Data Center Acquisition

Hive Digital Technologies acquires a data center in Boden, Sweden, enhancing its Bitcoin production and affirming its commitment to green energy and AI.

Galaxy Digital Invests $44 Million Into Institutional Cryptocurrency
ustc

Galaxy Digital Invests $44 Million Into Institutional Cryptocurrency

Galaxy Digital invests $44 million in institutional bitcoin custody platform GK8 to integrate its asset storage and management capabilities.

Microsoft Reveals Azure Maia AI Accelerator and Azure Cobalt CPU
ustc

Microsoft Reveals Azure Maia AI Accelerator and Azure Cobalt CPU

Microsoft unveiled Azure Maia 100 AI Accelerator and Azure Cobalt CPU, optimized for AI and cloud computing, with deployment scheduled for early 2024.

Ripple Co-Founder Proposes Alternatives to Proof-of-Work Model to Make Bitcoin More Sustainable
ustc

Ripple Co-Founder Proposes Alternatives to Proof-of-Work Model to Make Bitcoin More Sustainable

Many industry experts have addressed the issue of sustainability, and how the current Bitcoin network can be tweaked to achieve better energy efficiency.

UAE Crypto Insights: 72% Investors Lean Towards Bitcoin
ustc

UAE Crypto Insights: 72% Investors Lean Towards Bitcoin

The UAE's crypto investors, according to a survey by KuCoin, are overwhelmingly in favor of Bitcoin, highlighting the need for trust, security, and crypto education, as well as a keen interest in blockchain and AI integration, indicating the country's potential as a crypto hub.

Amazon Launches Virtual Clinic Called Amazon Care
ustc

Amazon Launches Virtual Clinic Called Amazon Care

Amazon, the world’s largest internet company by revenue, quietly launched a virtual health clinic for Seattle-area employees, CNBC reports.

Blockstream's Greenlight Officially Launches, Promising Simplified Lightning Operations
ustc

Blockstream's Greenlight Officially Launches, Promising Simplified Lightning Operations

Blockstream has officially launched Greenlight, a Lightning-as-a-Service (LaaS) solution, aimed at alleviating the operational challenges of managing Lightning network nodes while enhancing security. The service, revealed in June and launched on October 12, 2023, allows developers to retain key control, reducing risks and freeing up essential resources for core business operations. Greenlight offers a blend of convenience and self-custody, making it a noteworthy advancement in the blockchain and Lightning network domain.

HK-based Gusto Collective Raises $11m in Funding Round Led by Animoca Brands, Gaw Capital
ustc

HK-based Gusto Collective Raises $11m in Funding Round Led by Animoca Brands, Gaw Capital

Hong Kong-based Gusto Collective has raised $11 million in its Seed Plus funding round led by Animoca Brands and Gaw Capital.

Marathon Digital Initiates Bitcoin Mining Powered by Renewable Landfill Energy
ustc

Marathon Digital Initiates Bitcoin Mining Powered by Renewable Landfill Energy

Marathon Digital Holdings and Nodal Power are launching a 280 kW Bitcoin mining pilot project in Utah, converting harmful methane emissions into electricity for sustainable mining.

Social Media Site X Limits Changpeng Zhao's Account Access
ustc

Social Media Site X Limits Changpeng Zhao's Account Access

Changpeng Zhao, former Binance CEO, faced account restriction on social media platform X amidst legal challenges, leading to widespread speculation in the crypto industry.

Reserve Bank of Australia May Still Have Its Eye on CBDC After All
ustc

Reserve Bank of Australia May Still Have Its Eye on CBDC After All

Reserve Bank of Australia's Tony Richards has said that the RBA will continue to consider the potentials of issuing a CBDC.

JPMorgan Collaborates with Indian Banks to Launch Blockchain-Based Dollar Settlement System, Reported Bloomberg
ustc

JPMorgan Collaborates with Indian Banks to Launch Blockchain-Based Dollar Settlement System, Reported Bloomberg

JPMorgan Chase & Co., the American multinational investment bank, has formed an alliance with six Indian banks to inaugurate a blockchain-based platform that will handle interbank dollar transactions within India's emerging International Financial Centre.

Global Blockchain Technology Market Expected to Hit $19.9 Billion
ustc

Global Blockchain Technology Market Expected to Hit $19.9 Billion

The global blockchain technology market is anticipated to reach $19.9 billion by 2026 from the current $3.4 billion value, according to market research publisher Global Industry Analysts Inc.

Terraform Labs, Luna Foundation Guard Bought 3.06m AVAX in total: Avalanche Foundation
ustc

Terraform Labs, Luna Foundation Guard Bought 3.06m AVAX in total: Avalanche Foundation

The Avalanche indicates that Luna Foundation Guard (LFG) has no plans to sell the AVAX tokens in its treasury.

Bitget creates an AI-powered crypto trading tool
ustc

Bitget creates an AI-powered crypto trading tool

Bitget, an influential entity in the fields of crypto derivatives and copy trading, has introduced a novel tool called the Martingale AI trading bot. This AI-powered innovation is engineered to help its users trade cryptocurrencies with higher efficiency.

xAI's Grok: Musk's Novel AI Chatbot with Real-Time Insights
ustc

xAI's Grok: Musk's Novel AI Chatbot with Real-Time Insights

Elon Musk's xAI unveiled Grok, an AI chatbot, inspired by 'The Hitchhiker's Guide to the Galaxy, providing real-time world knowledge and answering questions with humor, outperforming other models.

Miller Opportunity Trust Says It Could Invest Up To $300 Million In Grayscale’s Bitcoin Trust
ustc

Miller Opportunity Trust Says It Could Invest Up To $300 Million In Grayscale’s Bitcoin Trust

Miller Opportunity Trust plans to invest up to $300 million, or 15% of its net assets, into the Grayscale Bitcoin Trust.

Atomicals Market Addresses Security Breach and Announces Compensation Measures
ustc

Atomicals Market Addresses Security Breach and Announces Compensation Measures

Atomicals Market has implemented measures to restore user trust and enhance platform security following a significant security breach, emphasizing community engagement's crucial role in protocol's future.

Is China Hacking Australia? Cryptojacking Cyberattacks Hit Hard Down Under
ustc

Is China Hacking Australia? Cryptojacking Cyberattacks Hit Hard Down Under

The Australian Cyber Security Center has published a report highlighting vulnerabilities that are being exploited by hackers using cryptojacking malware.

JustCarbon DAO Announces Multi-Exchange Platform Partnership
ustc

JustCarbon DAO Announces Multi-Exchange Platform Partnership

Carbon action marketplace JustCarbon has announced a multi-exchange platform partnership with DigiFinex, Coinsbit, LAToken and Coinstore signifying a play for dominance in the carbon market.

Prosecutors Investigate Do Kwon with Ponzi Fraud Charges amid Terraform Labs Dissolvement
ustc

Prosecutors Investigate Do Kwon with Ponzi Fraud Charges amid Terraform Labs Dissolvement

South Korean Prosecutors are investigating Do Kwon if they will file Ponzi fraud charges against him following the Terra crash.

Silvergate Bank Voluntary Liquidation Sparks Controversy in Crypto Industry
ustc

Silvergate Bank Voluntary Liquidation Sparks Controversy in Crypto Industry

The recent announcement of Silvergate Bank’s voluntary liquidation has led to a heated debate in the crypto industry, with some lawmakers labeling the sector as “risky” and “volatile.” Crypto executives and commentators have criticized these remarks and suggested that government investigations and legal attacks hastened the bank’s collapse. As Silvergate winds down, some crypto firms are seeking alternative banking partners amid concerns of regulatory crackdowns and proposed tax law changes.

Why Switzerland is Fast Becoming a Global Hub for Blockchain Industry
ustc

Why Switzerland is Fast Becoming a Global Hub for Blockchain Industry

Switzerland is fast adopting innovation and blockchain and is positioned to create a huge impact on other economies.

BTC & ETH Have Been the Best Risk-Adjusted Assets over the Last Year
ustc

BTC & ETH Have Been the Best Risk-Adjusted Assets over the Last Year

Bitcoin (BTC) and Ethereum (ETH) have been the best risk-adjusted assets over the last year based on the Sharpe Ratio.

Terra Erases 12 Months Bullish Gains with 94% Drop in Value
ustc

Terra Erases 12 Months Bullish Gains with 94% Drop in Value

The Terra community is almost in disarray as the ecosystem’s two flagship tokens including LUNA and UST are on a freefall amid the most bearish sentiment the blockchain protocol has ever seen.

Grayscale Contacts with SEC over the Securities Status of Three Trusts
ustc

Grayscale Contacts with SEC over the Securities Status of Three Trusts

Grayscale Investments, a subsidiary of the Digital Currency Group (DCG) has been in contact with a staff of the United States Securities and Exchange Commission (SEC) over the definition of the status of three of its established Trusts.

Standard Chartered’s Zodia Custody Gets FCA Approval to Offer Cryptocurrency Services
ustc

Standard Chartered’s Zodia Custody Gets FCA Approval to Offer Cryptocurrency Services

Zodia Custody has been given greenlight to provide cryptocurrency services to institutions.

Unchained Capital Raises $60M in Bitcoin Funding
ustc

Unchained Capital Raises $60M in Bitcoin Funding

Financial services provider Unchained Capital has raised $60 million in a Series B funding round led by Valor Equity Partners. The company uses multi-signature technology to provide a more secure way to hold Bitcoin, allowing clients to share control of their funds between private keys they hold themselves and those held by Unchained or other financial services companies. The funding will be used to expand Unchained's reach and suite of services.

Kraken Introduces Simple, Secure, and Powerful Kraken Wallet
ustc

Kraken Introduces Simple, Secure, and Powerful Kraken Wallet

Kraken has launched Kraken Wallet, a self-custodial wallet that offers simplicity, security, and power to users. The wallet allows seamless interaction with popular blockchains, comprehensive portfolio tracking, and WalletConnect integration. With a focus on privacy and backed by Kraken's industry-leading security measures, Kraken Wallet aims to accelerate crypto adoption and empower users in the decentralized world.

US DOJ Launches National Crypto Enforcement Team
ustc

US DOJ Launches National Crypto Enforcement Team

The US DOJ has unveiled establishing a National Cryptocurrency Enforcement Team (NCET), a law enforcement task force fighting crypto crime.

Australian Bankers Association cost of living probe shows bank pressure
ustc

Australian Bankers Association cost of living probe shows bank pressure

The Australian Bankers Association (ABA) has launched a cost of living review to determine how the COVID-19 epidemic, global supply chain restrictions, geopolitical tensions, and other factors have raised Australia's already high cost of living. The research will examine Australia's economic policies and ways to cut living costs.

Exclusive: Why are Independent Third Party Crypto Custodians so Important?
ustc

Exclusive: Why are Independent Third Party Crypto Custodians so Important?

Alexandre Kech, CEO of Onchain Custodian shares with us the importance of independent third party custodian solutions. He identified three grey areas for assets under custody by the exchange and how Onchain Custodian identifies the custodial needs for crypto players and traditional financial giants!

ARK Invest Intensifies Investment in Robinhood
ustc

ARK Invest Intensifies Investment in Robinhood

ARK Invest, led by Bitcoin enthusiast Cathie Wood, increased its stake in Robinhood, buying 1.1 million shares worth over $9.5 million in a single day. The investment was distributed across three ARK ETFs, with ARKK acquiring the majority.

IOSCO Proposes Measures To Probe Digital Marketing Risks
ustc

IOSCO Proposes Measures To Probe Digital Marketing Risks

Concerning the rapid increase of risks in digital marketing, The International Organization of Securities Commissions, or IOSCO, has proposed some measures for its member countries to consider when deciding their policy and imposition approaches to retail online offerings and marketing.

Will Terra’s UST and LUNA Crash Cause a Shift to ‘Cryptos that have Stood the Test of Time’?
ustc

Will Terra’s UST and LUNA Crash Cause a Shift to ‘Cryptos that have Stood the Test of Time’?

LUNA has left crypto enthusiasts' mouths agape because they could never imagine in their wildest dreams that one of the top ten cryptocurrencies could collapse to near-zero overnight.

Do Kwon Denies Allegations of Cashing Out $2.7Bn through DegenBox
ustc

Do Kwon Denies Allegations of Cashing Out $2.7Bn through DegenBox

According to a Twitter user, FatMan Terra, Do Kwon allegedly used the Abracadabra protocol, DegenBox to siphon as much as $2.7 billion from the UST and Terra coffers months leading to the eventual collapse of the Layer-1 protocol.

Wealthfront To Enable Cryptocurrency Investments for its Clients
ustc

Wealthfront To Enable Cryptocurrency Investments for its Clients

Wealthfront is the latest mainstream firm that plans to offer cryptocurrencies to its clients.

Trust Wallet connects Binance Pay and Coinbase Pay
ustc

Trust Wallet connects Binance Pay and Coinbase Pay

Trust Wallet launched its browser extension, now available in Chrome and Opera browsers. The extension lets users store, send and receive crypto across all EVM chains and Solana networks. Binance CEO Changpeng Zhao publicly endorsed Trust Wallet, stating "self-custody is a fundamental human right".

CIMB Bank Singapore Collaborates with iTrust for First-Ever Blockchain Trade Financing
ustc

CIMB Bank Singapore Collaborates with iTrust for First-Ever Blockchain Trade Financing

CIMB Bank Singapore and iTrust have collaborated in the first-ever successful blockchain trade financing transaction.

Coinbase's Custodial Role in New Bitcoin Spot ETFs Marks a Crypto Milestone
ustc

Coinbase's Custodial Role in New Bitcoin Spot ETFs Marks a Crypto Milestone

Coinbase's role in the newly approved Bitcoin spot ETFs by the SEC marks a crucial advancement in cryptocurrency's integration into mainstream finance, bringing regulatory clarity and institutional investment opportunities.

Crypto Token Backed by $25M Diamond Ponzi Scam Flagged by DoJ
ustc

Crypto Token Backed by $25M Diamond Ponzi Scam Flagged by DoJ

The US Department of Justice charged a Florida native with wire fraud, for soliciting investors in a diamond-backed cryptocurrency Ponzi and investment scam.

G7 Bank Sector Higher Money Laundering Risk than Crypto Industry, Reports Mexico Financial Intelligence
ustc

G7 Bank Sector Higher Money Laundering Risk than Crypto Industry, Reports Mexico Financial Intelligence

According to a report released by the Financial Intelligence Unit of Mexico, the G7 banking sector was most at risk of money laundering operations.

Banking Giants CIBC and Aussie's NAB Partners to Use RippleNet Solution
ustc

Banking Giants CIBC and Aussie's NAB Partners to Use RippleNet Solution

North American banking giant, the Canadian Imperial Bank of Commerce (CIBC), and the National Bank of Australia (NAB) have inked a partnership to bolster each other’s cross-border payments settlement, with Ripple’s RippleNet solution.

Market Downturn Triggers Delisting of Crypto ETFs in Australia
ustc

Market Downturn Triggers Delisting of Crypto ETFs in Australia

Crypto winter is considered to have caused low demand for such ETFs in Australia. Cosmos Asset Management said it plans to delist three of its cryptocurrency ETFs on the Cboe stock exchange.

Australian Securities Exchange Postpones Migration to Blockchain Settlement System Due to Coronavirus Concerns
ustc

Australian Securities Exchange Postpones Migration to Blockchain Settlement System Due to Coronavirus Concerns

The Australian Securities Exchange has further postponed the replacement of its current CHESS system with a new blockchain-based settlement system due to coronavirus concerns.

60k BTC and 60k ETH on Justin Sun's Tron Seem Unbacked
ustc

60k BTC and 60k ETH on Justin Sun's Tron Seem Unbacked

Crypto analyst ErgoBTC suggests 60k TRC20 BTC and 60k TRC20 ETH tokens on Justin Sun's Tron network, currently in JustLend protocol, appear unbacked, implying a $1.8B non-existent TVL.

Alibaba Sees Blockchain as the Icing on the Cake in the Film Industry
ustc

Alibaba Sees Blockchain as the Icing on the Cake in the Film Industry

During the ongoing 28th Golden Rooster and Hundred Flowers Film Festival happening in Xiamen, China, Li Jie, senior vice president of Alibaba Pictures, noted that blockchain was crucial in propelling the growth of the Chinese film industry.

US Bank Debuts Crypto Custody Services for Fund Managers
ustc

US Bank Debuts Crypto Custody Services for Fund Managers

America’s fifth-largest retail financial institution, US Bancorp, also known as US Bank, is set to provide cryptocurrency custody services.

IMF Chief Warns of Terra Crash, Calls it as Pyramid Scheme
ustc

IMF Chief Warns of Terra Crash, Calls it as Pyramid Scheme

In response to the recent crash of the LUNA collapse, the International Monetary Fund (IMF) Managing Director Kristalina Georgieva questioned the risk of stablecoins, calling it a ‘Pyramid’ scheme.

FCA Warns Companies on Crypto Mergers
ustc

FCA Warns Companies on Crypto Mergers

The crypto market in the UK received a warning from the financial watchdog following an acquisition announcement by Bitpanda.

Binance Australia Derivatives Closes Accounts After False Classification
ustc

Binance Australia Derivatives Closes Accounts After False Classification

The Australian Securities and Investments Commission would "target" the company's "classification of retail and wholesale customers."

Nairobi-based FinTech Mara Launches African Crypto Wallet Service
ustc

Nairobi-based FinTech Mara Launches African Crypto Wallet Service

A new crypto project called Mara has now been introduced to the African crypto ecosystem. This project is backed by Coinbase Ventures, FTX-affiliated Alameda Research, Huobi Ventures, and other prominent venture capital firms and angel investors in the industry.

North Korea's Cyber Onslaught on Cryptocurrency: A $3 Billion Digital Heist
ustc

North Korea's Cyber Onslaught on Cryptocurrency: A $3 Billion Digital Heist

North Korea has escalated cyber attacks on cryptocurrency since 2017, stealing over $3 billion and stealing $1.7 billion in 2022, posing a serious threat to the country's economy and military budget.

BTC Mining Report Draws Criticism
ustc

BTC Mining Report Draws Criticism

The New York Times’ recent report on Bitcoin mining has been criticized by some BTC proponents for cherry-picking data and overstating the fossil fuel use of BTC miners. They also point out the increasing use of sustainable energy in the sector. Despite the debate on energy consumption, Bitcoin mining remains significant for blockchain security and decentralization.

Justin Sun Proposes the Establishment of Tron DAO Reserve and to Launch USDD Stablecoin
ustc

Justin Sun Proposes the Establishment of Tron DAO Reserve and to Launch USDD Stablecoin

Justin Sun, the founder of the Tron blockchain network, is stepping up his responsibility in the broader digital currency ecosystem with the establishment of the Tron DAO Reserve.

Over 100 Car Dealers to Accept Crypto Payments in the UK Boosting Crypto Adoption
ustc

Over 100 Car Dealers to Accept Crypto Payments in the UK Boosting Crypto Adoption

At least 100 car dealers in the UK have inked a partnership with London-based AutoCoinCars, the nation’s market leader in trading cars with cryptocurrencies. Through the strategic collaboration, clients will be able to purchase cars using cryptos in some of the biggest car dealers in the UK, such as Benz Bavarian, Saxton4x4, and Redline Specialist Cars.

Australian Female Hacker Sentenced to 2 Years of Prison for $400K Ripple (XRP) Crypto Heist
ustc

Australian Female Hacker Sentenced to 2 Years of Prison for $400K Ripple (XRP) Crypto Heist

Australia recorded one of its first cases of cryptocurrency theft recently.

Despite Closed Door, Justin Sun Says He's Ready to Inject Billions into FTX - Report
ustc

Despite Closed Door, Justin Sun Says He's Ready to Inject Billions into FTX - Report

Justin Sun of Tron blockchain said he is ready to commit billions to bail out FTX

News Industry Grapples with Financial Woes and AI Disruption
ustc

News Industry Grapples with Financial Woes and AI Disruption

The news industry faces declining advertising revenue, declining subscriber growth, and AI-driven disruptions, necessitating strategic shifts and legal disputes to adapt to digital advertising trends.

Misuse of Facial Recognition: The $10M Macy's and Sunglass Hut Legal Battle
ustc

Misuse of Facial Recognition: The $10M Macy's and Sunglass Hut Legal Battle

Harvey Eugene Murphy Jr. sues Macy's and Sunglass Hut for $10 million over wrongful arrest and assault, highlighting flaws in facial recognition technology and its serious consequences.

He Yi Discusses Binance's Regulatory Strategy Amid Actions Against Binance and Zhao Changpen
ustc

He Yi Discusses Binance's Regulatory Strategy Amid Actions Against Binance and Zhao Changpen

In a public letter, He Yi, Co-founder of Binance, discusses the company's compliance strategy, which gains significance amidst a U.S. Department of Justice inquiry initiated on May 6, 2023, 13 SEC charges, and the company's recent exit from the Russian market.

Crypto.com Extends Free Crypto Tax Reporting Services in Australia
ustc

Crypto.com Extends Free Crypto Tax Reporting Services in Australia

Cryptocurrency exchange Crypto.com has launched a new crypto taxation service for Australian recently, enabling their clients to import their crypto transaction to generate a report and file to the government.

New Ride-Hailing App to Transform Payments by Offering Blockchain Direct Transactions
ustc

New Ride-Hailing App to Transform Payments by Offering Blockchain Direct Transactions

Bayride has revealed RideNode, a new transportation virtual and blockchain currency that seeks to transform the payment structures in this sector. America’s ride-hailing industry is touted to be revolutionized because RideNode will offer direct transactions between the service provider and consumers.

FTX was the "fastest" company collapse in American history, says U.S. Trustee.
ustc

FTX was the "fastest" company collapse in American history, says U.S. Trustee.

The US Trustee overseeing FTX's bankruptcy proceedings has requested an independent investigation into its demise. In a Dec. 1 motion, U.S. Trustee called the defunct exchange the "fastest large business collapse in American history". An independent examiner has been requested by the Department of Justice. Independent examiners are usually called in when creditors want them or when unsecured debts surpass $5 million. Trustee Andrew Vara said debtors "suffered an almost unparalleled fall in value" over eight days in November. The U.S. Attorney's Office for the Southern District of New York and Securities and Exchange Commission have allegedly submitted many requests to investors.

NBA's Rockets Team up with NYDIG, to be Paid in Bitcoin
ustc

NBA's Rockets Team up with NYDIG, to be Paid in Bitcoin

NBA team Houston Rockets announced that it will collaborate with the New York Digital Investment Group (NYDIG), a top player in the bitcoin arena.

Twitter Bitcoin Hack Demonstrates That Crypto Fraud is Easier to Track Than Fiat
ustc

Twitter Bitcoin Hack Demonstrates That Crypto Fraud is Easier to Track Than Fiat

Cryptocurrency regulation was the hot topic during an ongoing panel hosted by the Association of Certified Financial Crime Specialists.

Grayscale Bitcoin Trust Offers Public Access to BTC “Era of Digital Gold”
ustc

Grayscale Bitcoin Trust Offers Public Access to BTC “Era of Digital Gold”

Grayscale Bitcoin Trust is offering mainstream investors access to the newly proclaimed era of digital gold as Bitcoin evolves into a dominant store of wealth.

Tron CEO Justin Sun Denies Allegations of Third-Party Celebrity Promotions of TRX Cryptocurrency
ustc

Tron CEO Justin Sun Denies Allegations of Third-Party Celebrity Promotions of TRX Cryptocurrency

Tron Foundation’s Chief Executive Officer Justin Sun has come forward publicly to address the allegations that he paid celebrities to promote Tron.

US Lawmakers Question Tron Founder Justin Sun and DLive CEO on Extremist Content Following Capitol Riots
ustc

US Lawmakers Question Tron Founder Justin Sun and DLive CEO on Extremist Content Following Capitol Riots

Two U.S. lawmakers have questioned Tron founder Justin Sun and DLive CEO Charles Wayn in the wake of the Capital riots—asking them how they moderate extremist content.

Thailand's SEC enhances investor protection with new cryptocurrency trading rules.
ustc

Thailand's SEC enhances investor protection with new cryptocurrency trading rules.

Thailand's Securities and Exchange Commission (SEC) has introduced new guidelines to strengthen investor protection in the cryptocurrency industry. The SEC has mandated clearer disclosure of risk warnings and restrictions on digital asset business operators' deposit and lending services.

Matrixport's Evolved Enterprise-Grade Cactus Custody and Holistic Approach to KYT and AML Compliance
ustc

Matrixport's Evolved Enterprise-Grade Cactus Custody and Holistic Approach to KYT and AML Compliance

Matrixport is a Singapore-based cryptocurrency startup which was launched by former Bitmain CEO Jihan Wu. Established in July 2019 with the goal to offer over-the-counter trading, lending and custody services for crypto, Matrixport boasts a systematic security model, global distributed infrastructure and business-focused security innovation capability to assure the security and reliability of users' assets.

Australian Government Explores the Viability of Blockchain For Land and Property Conveyancing Transactions
ustc

Australian Government Explores the Viability of Blockchain For Land and Property Conveyancing Transactions

The Australian government is piloting a blockchain database to find out its viability on conveyancing transactions.

Crypto.com Signs 5-Year Deal with Australian Football League, Worth $25m Sponsorship
ustc

Crypto.com Signs 5-Year Deal with Australian Football League, Worth $25m Sponsorship

Crypto.com announced that has signed a five-year partnership agreement with the Australian Football League, sponsoring it for $25 million to develop sports business.

DOJ Targets SBF's Jets for Forfeiture
ustc

DOJ Targets SBF's Jets for Forfeiture

Samuel Bankman-Fried, also known as "SBF," faces the possibility of asset forfeiture, including two luxury jets, as per a filing by the U.S. Department of Justice (DOJ) dated October 4, 2023. The forfeiture is linked to multiple charges against Bankman-Fried, who is currently on trial. The aircraft in question are embroiled in an ownership dispute involving the U.S. government, FTX, and Island Air Capital.

Australia Surpasses Asia in Crypto ATM Installations
ustc

Australia Surpasses Asia in Crypto ATM Installations

Australia has surpassed Asia in the total number of crypto ATMs installed, with 364 machines as of January 2023. The country has consistently added Bitcoin ATMs over the last eight months and is on a crypto ATM installation spree. Internal documents from Australia’s Department of the Treasury suggest that crypto legislation is on the horizon.

IBM Food Trust: Cutting Through the Complexity of the World’s Food Supply with Blockchain
ustc

IBM Food Trust: Cutting Through the Complexity of the World’s Food Supply with Blockchain

IBM Food Trust was first launched in August 2017, with 10 Foundation members aiming to use blockchain in food traceability to solve issues in the food supply chain. Prior to the launch, IBM, Walmart and Tsinghua University announced a collaboration to improve the way food is tracked, transported and sold to customers in China. Juniper Research recently announced that IBM Food Trust is one of the leading blockchain players in the food provenance space.

Crypto Conferences Scale Back
ustc

Crypto Conferences Scale Back

Crypto conferences have toned down the extravagance in response to the extended crypto winter, with attendees focusing on discussing regulation and tax. The XRP Las Vegas conference for XRP enthusiasts and the “XRP Army” highlighted frustration over regulatory clarity in the United States. Meanwhile, regulation was the primary topic at a recent Binance Australia meetup event, where attendees asked intelligent questions despite the ongoing bear market. Interest in crypto remains strong, even as conferences scale back.

IBM Blockchain in Action: What are the Benefits?
ustc

IBM Blockchain in Action: What are the Benefits?

In first and second parts of our interview with Alan Lim, the Program Director of IBM Blockchain Lab in the Asia Pacific, we explored the idea of data standards to improve the supply chain industry, as well as the IBM Food Trust, a food provenance network that allows food products to be traced and tracked. Digging deeper into IBM Blockchain, what else has the company been working on?

The First Crypto Bank in Puerto Rico Rolls Out Digital-Asset Custody Service
ustc

The First Crypto Bank in Puerto Rico Rolls Out Digital-Asset Custody Service

FV (Fintech Ventures) Bank, a global financial entity registered in the U.S. territory of Puerto Rico, has launched a digital-asset custody service for seamless safeguarding and interoperability of crypto and fiat.

Blockchain-Based Driving Licenses in South Korea Hit One Million Drivers
ustc

Blockchain-Based Driving Licenses in South Korea Hit One Million Drivers

Blockchain-powered driving licenses were made available as an option in South Korea in May.

Coin Cloud Customer Data and Source Code Allegedly Stolen
ustc

Coin Cloud Customer Data and Source Code Allegedly Stolen

Coin Cloud, a cryptocurrency ATM provider, has suffered a data breach involving 70,000 customer selfies and 300,000 PII stolen, highlighting the need for improved security measures in the cryptocurrency sector.

Digital Asset Firm Osprey Unveils First-Ever Polygon Trust Fund
ustc

Digital Asset Firm Osprey Unveils First-Ever Polygon Trust Fund

Osprey Funds digital assets management firm has launched the Osprey Polygon Trust to make it easier for both institutional and retail investors to invest in Polygon (MATIC) cryptocurrency.

Terra-Based Anchor Protocol Hits $12b in Total UST Deposits
ustc

Terra-Based Anchor Protocol Hits $12b in Total UST Deposits

Anchor Protocol, a lending and borrowing protocol built atop the Terra blockchain network, its total UST stablecoins deposit has hit 12 billion, a show of the massive embrace it is currently receiving from the Terra ecosystem.

Union Bank of Philippines Cooperates with Hex Trust for Promoting Pilot Digital Assets Custody Service
ustc

Union Bank of Philippines Cooperates with Hex Trust for Promoting Pilot Digital Assets Custody Service

Union Bank of Philippines (UnionBank) announced the bank has paired with Hong Kong-based Hex Trust to pilot digital assets custody service.

Band Protocol (BAND) and Chainlink (LINK) DeFi Tokens Outperform Bitcoin by Gaining 100%
ustc

Band Protocol (BAND) and Chainlink (LINK) DeFi Tokens Outperform Bitcoin by Gaining 100%

With the recent boom of the decentralized finance (DeFi) industry, DeFi tokens have undergone more than a 100% gain on the crypto market over the past few weeks, outperforming Bitcoin.

Virginia Senate Votes to Support New Bill by Permitting Banks to Offer Crypto Custody Services
ustc

Virginia Senate Votes to Support New Bill by Permitting Banks to Offer Crypto Custody Services

Based on the unanimous vote from the Virginia Senate, the proposed bill amendment introduced on January 22 this year by Delegate Christopher T. Head sought to allow eligible banks to offer cryptocurrency custody services.

US Prosecutors Unseal Indictment of $20 Million Dollar Cryptocurrency Ponzi Scheme
ustc

US Prosecutors Unseal Indictment of $20 Million Dollar Cryptocurrency Ponzi Scheme

US prosecutors have recently indicted a group of investment scammers who have orchestrated a cryptocurrency mining fraud following a Ponzi scheme protocol.

BlackRock and SEC Discuss iShares Bitcoin Trust Listing on Nasdaq
ustc

BlackRock and SEC Discuss iShares Bitcoin Trust Listing on Nasdaq

The SEC is reviewing multiple proposals for iShares Bitcoin Trust's listing as a spot Bitcoin ETF on Nasdaq, marking a significant step in mainstream cryptocurrency acceptance.

Australia Announces 'Token Swap' Campaign to Accelerate Crypto Regulation
ustc

Australia Announces 'Token Swap' Campaign to Accelerate Crypto Regulation

Australian federal government will implement a “token mapping” exercise to inform future regulation of the country’s crypto assets, laying the groundwork for “determining how crypto assets and related services should be regulated.”

Bitcoin Retreats to Around $30k: Decoding the Technical Indicators and Regulatory Factors
ustc

Bitcoin Retreats to Around $30k: Decoding the Technical Indicators and Regulatory Factors

In today's market developments, Bitcoin has retracted to around $30k, weighed down by various technical factors and a series of recent regulatory interventions.

Wilshire Phoenix Files for Publicly Traded Bitcoin-Backed Fund Approval Seeking to Challenge Grayscale’s Dominance
ustc

Wilshire Phoenix Files for Publicly Traded Bitcoin-Backed Fund Approval Seeking to Challenge Grayscale’s Dominance

The New York-based investment company, Wilshire Phoenix has filed the s-1 registration statement with the SEC for a publicly-traded Bitcoin fund in accordance with regulatory requirements.

Crypto Bank Custodia Files Lawsuit against Federal Reserve for Delaying Master Account Application
ustc

Crypto Bank Custodia Files Lawsuit against Federal Reserve for Delaying Master Account Application

Wyoming state-based digital asset bank Custodia has filed a lawsuit against the authority for unlawfully delaying a decision on its applications for a master account.

Huobi to Expand Footprints in Australia, Seeking Regulatory Approval for Crypto Trading
ustc

Huobi to Expand Footprints in Australia, Seeking Regulatory Approval for Crypto Trading

Huobi Global is trailing the same footprints as its counterparts as it filed its application to be registered as a digital currency exchange provider with the Australian Transaction Reports and Analysis Centre (AUSTRAC).

Digital Asset Liquidity Provider OrBit Markets Wins Google Cloud Customer Award
ustc

Digital Asset Liquidity Provider OrBit Markets Wins Google Cloud Customer Award

OrBit Markets, a Singapore-based liquidity provider, has been awarded the 2023 Google Cloud Customer of the Year Award for its exceptional use of Google Cloud technologies for trading data processing.

Prime Trust Files for Chapter 11 Bankruptcy
ustc

Prime Trust Files for Chapter 11 Bankruptcy

Prime Trust, LLC filed for Chapter 11 bankruptcy on August 14, 2023, following financial difficulties, a cease and desist order, and a terminated acquisition deal with BitGo.

Kraken Under Probe for Allegedly Violating US Sanctions on Iran
ustc

Kraken Under Probe for Allegedly Violating US Sanctions on Iran

The US Treasury Department is investigating Kraken on suspicion that the crypto exchange allowed Iranian users to use its trading platform despite federal sanctions on the middle eastern country.

CBI and Liminal Collaborate for Digital Asset Security in India Amid Crypto Scams
ustc

CBI and Liminal Collaborate for Digital Asset Security in India Amid Crypto Scams

The Central Bureau of Investigation of India is partnering with Singapore-based Liminal to secure digital assets seized during investigations amid rising cryptocurrency frauds in India.

Huobi Korea Wants To Separate And Change Name
ustc

Huobi Korea Wants To Separate And Change Name

Recently, the firm cut off 20% of its employees and disclosed a $6 million outflow. Reports say Huobi Korean chairman Cho Kook-bong will buy Li's stake.

Western Australian Police Force Seized 1.5 Million Worth of Crypto in a Drug Investigation
ustc

Western Australian Police Force Seized 1.5 Million Worth of Crypto in a Drug Investigation

The Australian Border Force (ABF), the Western Australian Police Force announced that the team has arrested a 27-year-old man and a 25-year-old woman over drug probe, seizing and frozen an incredible amount of 1.5 million worth of cryptocurrency found in the electronic device held by the culprits.

Ripple Acquires Swiss-based Metaco, Sets Sights on $10T Institutional Crypto Custody Market
ustc

Ripple Acquires Swiss-based Metaco, Sets Sights on $10T Institutional Crypto Custody Market

Ripple, the global provider of blockchain-based payment systems, has announced its acquisition of Metaco, a Swiss provider of digital asset custody and tokenization technology.

Solana NFT Platform Magic Eden Moves To An Optional Royalties Method
ustc

Solana NFT Platform Magic Eden Moves To An Optional Royalties Method

Solana-based NFT platform Magic Eden announced on Saturday it's opting for an optional royalties method for its users.

US NIST Initiates AI Safety Consortium to Promote Trustworthy AI Development
ustc

US NIST Initiates AI Safety Consortium to Promote Trustworthy AI Development

The US National Institute of Standards and Technology (NIST) has launched the Artificial Intelligence Safety Institute Consortium to promote safe AI development and responsible use, inviting organizations to collaborate on identifying proven safety techniques by December 4, 2023.

Australian Senator Proposes Digital Asset Regulation Bill
ustc

Australian Senator Proposes Digital Asset Regulation Bill

Senator Andrew Bragg has proposed a Digital Assets (Market Regulation) Bill 2023 to regulate cryptocurrency services in Australia. The bill recommends stablecoin regulations, licensing of exchanges, and custody requirements to protect consumers and promote investment.

Australian Senator Andrew Bragg: Blockchain Can 'Rebuild Confidence' in Financial Services
ustc

Australian Senator Andrew Bragg: Blockchain Can 'Rebuild Confidence' in Financial Services

Australian Liberal Senator Andrew Bragg has expressed optimism on the potential of blockchain technology to help ‘Rebuild Confidence’ in the financial services sector

PayPal May Buy Digital Asset Custodian BitGo Following Crypto Market Entry
ustc

PayPal May Buy Digital Asset Custodian BitGo Following Crypto Market Entry

PayPal may be looking to penetrate the market further following its recent crypto payments announcement, rumors indicate the firm may buy digital asset custodian BitGo.

Mastercard Enhances Crypto Wallet and Exchange Business
ustc

Mastercard Enhances Crypto Wallet and Exchange Business

Payment giant Mastercard announced Tuesday to enhance its function and experiment for cryptocurrency wallets and exchanges to their clients. The card issuer cooperates with multiple crypto enterprises to convert crypto and traditional fiat money more accessible.

1 Million Aussies to Enter Crypto Over the Next 12 Months, Says Swyftx Survey
ustc

1 Million Aussies to Enter Crypto Over the Next 12 Months, Says Swyftx Survey

A study suggests that Australians are looking for alternative investment opportunities during a time of rising turbulence in international markets.

Australian Banks Ordered to Report Crypto Transactions
ustc

Australian Banks Ordered to Report Crypto Transactions

The Australian Prudential Regulation Authority (APRA) has ordered local banks to report on cryptocurrency transactions amid concerns over the contagion of recent banking collapses, including that of Silicon Valley Bank (SVB). The regulator is seeking more information and insight into banking exposures to crypto assets and associated risks.

RBL Bank Partners with Accenture to Build A Digital Bank Infrastructure
ustc

RBL Bank Partners with Accenture to Build A Digital Bank Infrastructure

RBL Bank announced that it will partner with Accenture, who envisions that it will enhance the bank’s information technology (IT) network and services.

Square Inc. Launches Alliance for Crypto and Blockchain Companies to Fight Patent Trolls
ustc

Square Inc. Launches Alliance for Crypto and Blockchain Companies to Fight Patent Trolls

Square has announced that it has successfully launched COPA to empower blockchain and crypto companies and to protect them from patent hoarding trolls.

LUNA Charts a Bullish Course as Crypto Markets Opens Monday With Gains
ustc

LUNA Charts a Bullish Course as Crypto Markets Opens Monday With Gains

Amidst this re-awakening, here is an insight into what the coming week may hold for LUNA ahead of the likely protocol forking.

SEC Postpones Decision on Grayscale Ethereum Trust's ETF Application
ustc

SEC Postpones Decision on Grayscale Ethereum Trust's ETF Application

The SEC has extended its review period for Grayscale's Ethereum ETF application to January 2024, reflecting a careful evaluation approach towards cryptocurrency ETFs.

Racing to Save the Planet: The Role of Blockchain in Sustainability
ustc

Racing to Save the Planet: The Role of Blockchain in Sustainability

The world is in decay. A long list of environmental disasters and the relentless requirement for fossil fuels are pushing Earth's capabilities to heal itself to a dangerous tipping point. Blockchain might very well be mankind's last hope to avoid the fall.

ADGM Launches Pioneering DLT Foundations Regime
ustc

ADGM Launches Pioneering DLT Foundations Regime

Abu Dhabi Global Market's Registration Authority has introduced the Distributed Ledger Technology Foundations Regulations 2023, a global legislative framework designed to facilitate token issuance, promote governance, and drive transparency in the crypto sector.

British Standards Institution Pioneers International AI Safety Guidelines for Sustainable Future
ustc

British Standards Institution Pioneers International AI Safety Guidelines for Sustainable Future

BSI's release of the first international AI safety guideline, BS ISO/IEC 42001, marks a significant step in standardizing the safe and ethical use of AI, reflecting global demand for robust AI governance.

HKUST Designs First Virtual Campus in the Metaverse
ustc

HKUST Designs First Virtual Campus in the Metaverse

Hong Kong University of Science and Technology (HKUST) announced its intention to establish the world's first physical-digital twin campuses in the Metaverse.

Court Approves Voyager Digital's Acquisition by Binance.US
ustc

Court Approves Voyager Digital's Acquisition by Binance.US

The US District Court rejected the government's appeal to halt Binance.US's acquisition of bankrupt brokerage company Voyager Digital. The court confirmed its prior approval of Voyager Digital's Chapter 11 bankruptcy plan, which involves selling assets to Binance.US to repay customers. The court also allowed Binance.US to issue repayment tokens to impacted Voyager customers, despite objections by the US Securities and Exchange Commission.

Coinbase Custody Launches New International Institutional Grade Crypto Service to European Clients
ustc

Coinbase Custody Launches New International Institutional Grade Crypto Service to European Clients

With its operations based in Dublin, Ireland, Coinbase Custody launched its institutional-grade crypto asset storage service to clients in Europe. The cryptocurrency exchange launched Coinbase Custody in 2017 for institutional clients such as hedge funds and family offices. Its assets under management have over $7 billion in cryptocurrency assets, with its acquisition of Xapo’s institutional custody business in August 2019.

Banks Are Increasingly Starting to Offer Cryptocurrency Services in 2020
ustc

Banks Are Increasingly Starting to Offer Cryptocurrency Services in 2020

Banks have increased their interest in cryptocurrencies. Many of them have decided to join the cryptocurrency market, either by offering investments in cryptocurrency or by exploiting the capabilities of blockchain technology, which is already used in various areas with financial services.

Indian Supreme Court Rejects Crypto Petition: Legislative Nature Emphasized
ustc

Indian Supreme Court Rejects Crypto Petition: Legislative Nature Emphasized

The Indian Supreme Court's decision not to accept a PIL for cryptocurrency regulation underscores the legislative nature of such regulations and the ongoing regulatory uncertainty in the crypto sector.

Chief Justice Roberts Calls for Caution with AI in Legal Field
ustc

Chief Justice Roberts Calls for Caution with AI in Legal Field

Chief Justice John Roberts advocates for legal caution in utilizing AI due to privacy and human judgment concerns, proposing rules for lawyers to verify the accuracy of AI-generated court papers.

Reserve Bank of Australia Will Explore Wholesale CBDC with ConsenSys Ethereum POC
ustc

Reserve Bank of Australia Will Explore Wholesale CBDC with ConsenSys Ethereum POC

The Reserve Bank of Australia has partnered with leading Australian banks and ConsenSys Software to explore wholesale CBDCs and distributed ledger technology (DLT).

PayPal Officially Confirms that It is Acquiring Crypto Custody Firm Curv
ustc

PayPal Officially Confirms that It is Acquiring Crypto Custody Firm Curv

PayPal Inc. has officially confirmed its plans to acquire the crypto startup company Curv.

KYC on Exchanges Powerless Against PlusToken Ponzi Scammers According to New Report
ustc

KYC on Exchanges Powerless Against PlusToken Ponzi Scammers According to New Report

The PlusToken Ponzi scheme operators are using regulated KYC compliant exchanges to dump their cryptocurrency according to an updated report by investigative firm OXT Research.

OPNX to Launch FatManTerra Justice Token, Airdropping to LUNC and LUNA Holders
ustc

OPNX to Launch FatManTerra Justice Token, Airdropping to LUNC and LUNA Holders

OPNX has announced the imminent launch of the FatManTerra Justice Token. This move comes in response to the commencement of legal proceedings against FatManTerra by several parties.

AI Chatbots Set to Revolutionize Fast-Food Industry
ustc

AI Chatbots Set to Revolutionize Fast-Food Industry

Wendy's and other fast-food chains are partnering with tech companies to develop AI chatbots that use natural language processing to take drive-thru orders. This technology has the potential to significantly improve customer experience and streamline operations in the fast-food industry.

SEC Charges FTX Auditor Prager Metis Over Independence Violations
ustc

SEC Charges FTX Auditor Prager Metis Over Independence Violations

The SEC has charged Prager Metis with violations of auditor independence laws, drawing attention due to its previous engagement with cryptocurrency exchange FTX, which filed for bankruptcy in 2022. The legal action emphasizes the crucial role of auditor independence in ensuring financial transparency and investor protection.

WEF Proposes Interoperable Stablecoins as Building Blocks for a Sustainable Global Economy
ustc

WEF Proposes Interoperable Stablecoins as Building Blocks for a Sustainable Global Economy

Stablecoins and the technology underlying them will be the building blocks of a more sustainable, inclusive and resilient global financial system according to the World Economic Forum (WEF).

Blockchain Investment Dropped 60% in 2019 despite Bitcoin's Bullish Run
ustc

Blockchain Investment Dropped 60% in 2019 despite Bitcoin's Bullish Run

Blockchain investment dropped 60% from a record 4.1 billion in 2018 to 1.6 billion this year, according to the findings of CB Insights reported on Bloomberg 18 July.

State Street Partners with Copper.co to Offer Crypto Custody Services to Customers
ustc

State Street Partners with Copper.co to Offer Crypto Custody Services to Customers

The partnership will continue to help State Street bank to provide digital and crypto asset services for its clients.

How Bitcoin Donations Supported the Noble Cause of Taming Australian Bushfires
ustc

How Bitcoin Donations Supported the Noble Cause of Taming Australian Bushfires

The harm caused by the Australian bushfires necessitated immediate response, and the Crypto Fire Alliance, a group of Australian and international blockchain and cryptocurrency businesses, stepped in to curb the situation through philanthropy.

CoinDesk Under Fire for Retracting Articles on Justin Sun and Chainalysis
ustc

CoinDesk Under Fire for Retracting Articles on Justin Sun and Chainalysis

CoinDesk, a prominent cryptocurrency news source, has been accused of retracting articles criticizing industry players, raising concerns about its commitment to balanced reporting and editorial integrity, highlighting the need for objective reporting.

Ethereum Team Leader Critiques University's Apathy Towards Crypto Education
ustc

Ethereum Team Leader Critiques University's Apathy Towards Crypto Education

Ethereum head, Péter Szilágyi, expressed frustration over his alma mater's lack of interest in blockchain technology, contrasting with global demand for blockchain education driven by major corporations and student interests.

Australian CBDC Pilot Test to Commence Next Year - RBA
ustc

Australian CBDC Pilot Test to Commence Next Year - RBA

The Reserve Bank of Australia (RBA) has published a Whitepaper to give additional insights into its proposed Central Bank Digital Currency, dubbed the eAUD.

PwC Report: Asian Institutional Investors Opt for Third-Party Custody Solutions for Digital Assets
ustc

PwC Report: Asian Institutional Investors Opt for Third-Party Custody Solutions for Digital Assets

A joint report by Aspen Digital and PwC titled "State of Digital Asset Custody - Understanding and implementing digital asset custody for institutional investors" reveals a rising demand for institutional-grade digital asset custody solutions among family offices, high-net-worth individuals (HNWIs), and external asset managers (EAMs) in Asia.

Australian Business Icon Dick Smith Threatens The Guardian With Lawsuit Over Bitcoin Scam Ads
ustc

Australian Business Icon Dick Smith Threatens The Guardian With Lawsuit Over Bitcoin Scam Ads

Australian entrepreneur Dick Smith is threatening The Guardian with legal action after it hosted ads linked to fake news of Smith supporting a Bitcoin and crypto scam.

Russian National Extradited to the U.S. to Face Crypto Money Laundering Charges
ustc

Russian National Extradited to the U.S. to Face Crypto Money Laundering Charges

Alexander Vinnik, a Russian national accused of running an illegal crypto exchange BTC-e was extradited to the United States to face fraud charges.

BlockFi Will Submit Assets And Liabilities For Bankruptcy On January 11
ustc

BlockFi Will Submit Assets And Liabilities For Bankruptcy On January 11

BlockFi will show assets, obligations, and pre-bankruptcy payments. After its first bankruptcy hearing in November, the business contacted 106 buyers. The U.S. Department of Justice confiscated over 55 million Robinhood shares worth $450 million. BlockFi claimed shares.

National Australia Bank to Launch Ethereum-Based Stablecoin
ustc

National Australia Bank to Launch Ethereum-Based Stablecoin

NAB will introduce an Ether-based Australian dollar-pegged stablecoin. Reports say the AUDN stablecoin streamlines cross-border transfers and carbon credit trading.

Examiner: Celsius' accounting and operational controls were 'insufficient'
ustc

Examiner: Celsius' accounting and operational controls were 'insufficient'

The independent examiner in Celsius' bankruptcy case has alleged that the company failed to set up "sufficient" accounting and operational controls in its handling of customer funds. The interim report shed light on what ultimately forced the lending platform to halt withdrawals on June 12. Celsius, founded in 2017 by Alex Mashinsky and Daniel Leon, didn't start tracking its balance sheet until after confrontation with regulators in May.

Can Blockchain Strengthen the Internet of Things (IoT)?
ustc

Can Blockchain Strengthen the Internet of Things (IoT)?

IoT and Blockchain are two disruptive technologies leveraged for numerous technological innovations across multiple industries, but how do they complement each other?

Kraken Fights IRS Over Customer Information
ustc

Kraken Fights IRS Over Customer Information

Kraken is contesting the United States Internal Revenue Service's demand for critical exchange user information, citing it as an "unjustified treasure hunt." Kraken has requested federal court intervention, pointing out that the IRS has gone "far beyond" its intrusive summons. The fight against IRS is Kraken's response to the agency's February summons, which demanded additional user information to identify Kraken accounts that did at least $20,000 of cryptocurrency trading in any single year between 2016 and 2020.

HK-Based Hex Trust Raises $88m in Funds, Valuation Touches $300m
ustc

HK-Based Hex Trust Raises $88m in Funds, Valuation Touches $300m

Hong Kong-based Hex Trust raised $88 million in Series B funding led by Animoca Brands and Liberty City Ventures, following which, it saw its valuation rise to $300 million.

Aussie Baseball Team Perth Heat to Start Paying Players and Staff in Bitcoin
ustc

Aussie Baseball Team Perth Heat to Start Paying Players and Staff in Bitcoin

Australian baseball team Perth Heat is incorporating Bitcoin into its business practices and is making preparations to offer salaries in the cryptocurrency.

Tron Foundation Launches its "Just NFT Fund"
ustc

Tron Foundation Launches its "Just NFT Fund"

The Tron Foundation has launched its" Just NFT Fund" to help bridge the gap between artists and the NFT metaverse.

The Reserve Bank of Australia Refuses to Join the CBDC Bandwagon
ustc

The Reserve Bank of Australia Refuses to Join the CBDC Bandwagon

The Reserve Bank of Australia (RBA) has refused to join the bandwagon with respect to the development and issuance of a Central Bank Digital Currency (CBDC).

Sam Altman Reinstated as OpenAI CEO Amid Board Restructuring
ustc

Sam Altman Reinstated as OpenAI CEO Amid Board Restructuring

Sam Altman returns as OpenAI's CEO, with a reconstituted board, after a brief ouster, underscoring his pivotal role in the AI industry.

Australia-based Zip Considers Adding Crypto Trading Options within a Year
ustc

Australia-based Zip Considers Adding Crypto Trading Options within a Year

Australia-leading digital retail finance and payments company Zip Co Ltd is considering adding cryptocurrency trading options for customers.

Fidelity Investments Unveils Plans to Expand Business by Hiring Crypto Savvy Staff
ustc

Fidelity Investments Unveils Plans to Expand Business by Hiring Crypto Savvy Staff

Fidelity Digital Assets, the cryptocurrency arm of Fidelity Investments, is set to onboard additional hands as it prepares for the growing demand in the digital assets ecosystem.

FTX Customer Claims Portal Update: How It Affects Derivative Positions and USD Balances
ustc

FTX Customer Claims Portal Update: How It Affects Derivative Positions and USD Balances

The recent updates to the FTX Customer Claims Portal aim to provide more clarity on derivative positions for customers. While these changes may affect the displayed USD balance, they do not impact the overall value of the claims. The valuation of derivative positions is based on FTX exchange pricing as of specific dates and times, with the final USD valuation to be determined later.

Is Blockchain Tech the Holy Grail for the Aerospace Industry?
ustc

Is Blockchain Tech the Holy Grail for the Aerospace Industry?

The aerospace industry moves millions of people and billions worth of assets every single day. Yet, the industry's sheer complexity is its own worst enemy. Can blockchain technology become the savior?

Silvergate Bank Probed by DOJ for Ties to FTX Exchange
ustc

Silvergate Bank Probed by DOJ for Ties to FTX Exchange

Prosecutors are investigating Silvergate's Alameda accounts.

Crypto Assets Custodian Hex Trust Acquires Key License from MAS
ustc

Crypto Assets Custodian Hex Trust Acquires Key License from MAS

Crypto asset custodian Hex trust announced Tuesday has obtained a CMS license from the Singapore regulator- the Monetary Authority of Singapore (MAS), according to a Bloomberg report.

Australian Judge Allows Plaintiff to Use Bitcoin as Collateral Bond
ustc

Australian Judge Allows Plaintiff to Use Bitcoin as Collateral Bond

In Australia, a New South Wales (NSW) court has allowed a cryptocurrency exchange account to be used as a collateral bond for legal costs.

China Mobile Launches Metaverse Industry Alliance, Involving Tech Giants Like Huawei and Xiaomi
ustc

China Mobile Launches Metaverse Industry Alliance, Involving Tech Giants Like Huawei and Xiaomi

On June 28, 2023, in Shanghai, China Mobile announced the formal establishment of the China Mobile Metaverse Industry Alliance during the Mobile World Congress (MWC) Shanghai 2023. This initiative marks a significant stride in China Mobile's strategic foray into the rapidly expanding metaverse landscape.

Involved in Cryptocurrency and Cash Corruption, Regional Military Recruitment Heads Were Dismissed by Ukrainian President
ustc

Involved in Cryptocurrency and Cash Corruption, Regional Military Recruitment Heads Were Dismissed by Ukrainian President

Ukrainian President dismissed regional military recruitment heads for corruption involving cryptocurrency and cash. Law enforcement opened 112 cases.

WEF: Blockchain Can Drive Sustainable Digital Finance for a Low-Carbon Economy
ustc

WEF: Blockchain Can Drive Sustainable Digital Finance for a Low-Carbon Economy

The World Economic Forum (WEF) has highlighted Blockchain as a driver of sustainable digital finance for a low-carbon economy

Canadian PM Justin Trudeau Denounces Cryptos as Escape from Inflation
ustc

Canadian PM Justin Trudeau Denounces Cryptos as Escape from Inflation

The current Prime Minister of Canada, Justin Trudeau, said that investing in cryptocurrencies to avoid inflation is an act of irresponsible leadership.

China’s Digital Yuan Launch Could Threaten Macau’s Gambling Industry
ustc

China’s Digital Yuan Launch Could Threaten Macau’s Gambling Industry

Gambling businesses in Macau fear that the launch of digital yuan would render them obsolete.

Australia Uses Blockchain to Enhance Cross Border Trade With Singapore
ustc

Australia Uses Blockchain to Enhance Cross Border Trade With Singapore

The Australian Border Force (ABF) is launching a blockchain trial that is targeted at enhancing cross border trades with Singapore

Ethereum Uncovers Blockchain Bugs to Stabilize Medalla Testnet
ustc

Ethereum Uncovers Blockchain Bugs to Stabilize Medalla Testnet

Ethereum developers discussed the technical issues that went wrong during the launch of Medalla testnet and that could have been improved to make the release smoother.

Justin Sun's Billion-Dollar Crypto Portfolio Revealed
ustc

Justin Sun's Billion-Dollar Crypto Portfolio Revealed

Justin Sun's over 1 billion crypto portfolio showcases his strategic approach to risk and growth, investing in both altcoins and major cryptocurrencies.

Abra Appoints Justin McMahan As Chief Financial Officer
ustc

Abra Appoints Justin McMahan As Chief Financial Officer

McMahan's appointment marks the first time Abra has hired an CFO. McMahan brings with him significant expertise that would be invaluable for Abra as the firm continues on its journey to becoming one of the leading crypto firms in the world.

El Salvador's Nayib Bukele buy 1 BTC daily
ustc

El Salvador's Nayib Bukele buy 1 BTC daily

El Salvador's President Nayib Bukele and Grenada's ambassador Justin Sun have decided to accumulate 1 BTC per day. Analysts are worried that bitcoin could slide to $13,000, having already lost 76% since hitting a record high of $69,000.

PlusToken Crypto Scam Masterminds to Serve 11 Years in Prison
ustc

PlusToken Crypto Scam Masterminds to Serve 11 Years in Prison

The ringleaders of the PlusToken Ponzi Scheme have been charged with 11 years of prison after they stole cryptocurrencies worth 14.8 billion yuan.

Major Banking and Financial Associations Urge SEC to Amend SAB 121 for Digital Asset Custody
ustc

Major Banking and Financial Associations Urge SEC to Amend SAB 121 for Digital Asset Custody

The Bank Policy Institute, American Bankers Association, Financial Services Forum, and SIFMA have requested modifications to Staff Accounting Bulletin No. 121 to address challenges in digital asset custody for US banking organizations. The aim is to align provisions with recent policy developments and practical experience.

Decrypt: Most Whitepapers are Full of Scams
ustc

Decrypt: Most Whitepapers are Full of Scams

According to Decrypt’s Investigation published on 22 April, many startups had been accused by White paper writers to “constantly required to fabricate and exaggerate facts”.

El Salvador Lags Behind as Spain Overtakes to Become Third Largest Crypto ATM Hub
ustc

El Salvador Lags Behind as Spain Overtakes to Become Third Largest Crypto ATM Hub

With a total of 215 crypto ATMs hosted in Spain, the country has now outpaced El Salvador, which is home to 212 crypto ATMs, down to the fourth position, following Spain’s third position.

SpankChain Shuts Down SpankPay Crypto Payment Processor
ustc

SpankChain Shuts Down SpankPay Crypto Payment Processor

Ethereum-based adult entertainment platform SpankChain has closed down its crypto payment processor, SpankPay, after losing its payment service provider Wyre in February and failing to find a new one.

BNY Mellon Launches Crypto Custody Service - Report
ustc

BNY Mellon Launches Crypto Custody Service - Report

Bank of New York (BNY) Mellon has announced that its digital assets custody service is now live as it seeks to deepen its foothold in the emerging cryptocurrency ecosystem.

Signature Bank Team Joins Customers Bank, Part of $21B Customers Bancorp
ustc

Signature Bank Team Joins Customers Bank, Part of $21B Customers Bancorp

Customers Bank, a subsidiary of Customers Bancorp (NYSE:CUBI), has announced the successful onboarding of nearly 30 team members formerly employed by Signature Bank, once known for its crypto-friendly stance.

US Congress’ Attack on Amazon, Google, Apple and Facebook Continues, Can Blockchain Benefit?
ustc

US Congress’ Attack on Amazon, Google, Apple and Facebook Continues, Can Blockchain Benefit?

As the antitrust hearing with tech giants Amazon, Apple, Facebook, and Google (Alphabet) continues, the question of whether decentralization will subsequently rise as a result of the legal tech-policy hearing has been brought up.

Australian Federal Agency Ex-Employee Evades Prison Despite Illegally Mining Ether and Monero on Supercomputers
ustc

Australian Federal Agency Ex-Employee Evades Prison Despite Illegally Mining Ether and Monero on Supercomputers

A former employee of an Australian federal agency avoided prison despite mining cryptocurrency on government supercomputers.

Australian Taxation Office Clarifies CGT on DeFi and Crypto Wrapping
ustc

Australian Taxation Office Clarifies CGT on DeFi and Crypto Wrapping

The Australian Taxation Office has issued guidelines on the capital gains tax implications for decentralized finance activities and crypto token wrapping, following a recent security breach.

Senator Lummis: Voting on Infrastructure Bill Amendments Will Be a Win for the Digital Asset Community
ustc

Senator Lummis: Voting on Infrastructure Bill Amendments Will Be a Win for the Digital Asset Community

With all forms of Amendment on the Infrastructure Bill under threat, Sen Lummis has explained why the crypto industry will win should an amendment be voted on.

Hong Kong Fintechs Embrace Blockchain and DLT
ustc

Hong Kong Fintechs Embrace Blockchain and DLT

Blockchain firms make up nearly 40% of all new Hong Kong FinTech companies launched in 2019.

Australia's National Blockchain Steering Committee Mobilizes Domestic Developer Community
ustc

Australia's National Blockchain Steering Committee Mobilizes Domestic Developer Community

The Australian National Blockchain Roadmap Steering Committee is seeking expressions of interest from its domestic blockchain community to create working groups on supply chain and credentialing.

Circle Taps BNY Mellon to Serve as Custodian for USDC Stablecoin Reserves
ustc

Circle Taps BNY Mellon to Serve as Custodian for USDC Stablecoin Reserves

The new partnership will mutually benefit Circle and Mellon Bank.

Dee Templeton Joins OpenAI's Board Amidst Corporate Governance Overhaul
ustc

Dee Templeton Joins OpenAI's Board Amidst Corporate Governance Overhaul

Microsoft's Dee Templeton joins OpenAI's board as a nonvoting observer amidst significant corporate governance changes following CEO Sam Altman's brief ouster and reinstatement.

ASX Delays Blockchain-Based CHESS Replacement to April 2023
ustc

ASX Delays Blockchain-Based CHESS Replacement to April 2023

The Australian Securities Exchange has delayed the blockchain replacement for its CHESS settlement system for financial products, until April 2023.

Legacy Healing Center Accepts Crypto Payment Option for More Addiction Treatment
ustc

Legacy Healing Center Accepts Crypto Payment Option for More Addiction Treatment

Legacy Healing Center, a US-based addiction treatment centre in Florida and New Jersey, aims to open the doors to more people seeking treatment by accepting Bitcoin (BTC) and Ethereum (ETH) as valid forms of payment.

PayPal Payment Giant to Expand Cryptocurrency Offerings to UK Market Within Months
ustc

PayPal Payment Giant to Expand Cryptocurrency Offerings to UK Market Within Months

PayPal has revealed a brief timeline, indicating the expansion of its crypto business to the UK market in a few months’ time.

Ernst & Young Trustee Outline Options for Compensating QuadrigaCX Victims
ustc

Ernst & Young Trustee Outline Options for Compensating QuadrigaCX Victims

Ernst & Young has filed a report with the Ontario Superior Court of Justice suggesting how the court should distribute the recovered funds.

Australia Sponsors Two Blockchain Pilot Projects for AU$5.6M
ustc

Australia Sponsors Two Blockchain Pilot Projects for AU$5.6M

The Australian government has allocated more than 5.6 million Australian dollars to support two domestic blockchain pilot projects, enhancing the domestic productivity and competitiveness of the Minerals and Food and Beverage sectors.

Breaking: Ripple XRP Acquires Web3 Financial Institution Fortress Trust
ustc

Breaking: Ripple XRP Acquires Web3 Financial Institution Fortress Trust

Ripple has acquired Fortress Trust, a subsidiary of Fortress Blockchain Technologies, which offers Web3 financial, regulatory, and technological solutions for blockchain pioneers. The acquisition strengthens Ripple's business and product trajectory, following its $250M purchase of Metaco in 2023. The merger extends Ripple's regulatory credentials, including a Nevada Trust license and 30+ Money Transmitter Licenses across the US and Singapore.

Trustlessly purchasing an NFT on Flare using the token of a different blockchain.
ustc

Trustlessly purchasing an NFT on Flare using the token of a different blockchain.

The layer-1 for data, Flare, just completed a live demonstration of new interoperability functionality now available in beta on the network. Using two core interoperability protocols, State Connector and Flare Time Series Oracle (FTSO), an NFT was trustlessly purchased with the transaction taking place on a different chain using a different token. The demo was performed on Flare’s canary network, Songbird, with the purchase made using DOGE and XRP tokens.

China's Antitrust Agency Urged By the PBOC to Probe Alipay and WeChat Pay
ustc

China's Antitrust Agency Urged By the PBOC to Probe Alipay and WeChat Pay

In a move similar to the US antitrust hearing, the People’s Bank of China has prompted the nations top antitrust body to probe Alipay and WeChat

FTX Announces Proposed Settlement and Amended Plan in Chapter 11 Cases
ustc

FTX Announces Proposed Settlement and Amended Plan in Chapter 11 Cases

FTX has announced a proposed settlement in their Chapter 11 cases, pending court approval. The settlement includes a "Shortfall Claim" for customers and an amended Plan of Reorganization. The Official Committee of Unsecured Creditors supports the plan, expecting expedited cases and improved recoveries. Customers may receive over 90% of distributable value globally.

WeStreet Credit Union Opens Public Access to Cryptocurrency Trading Portal
ustc

WeStreet Credit Union Opens Public Access to Cryptocurrency Trading Portal

WeStreet Credit Union has introduced a Crypto Portal, offering a secure platform for buying, selling, and holding cryptocurrencies. Initially a members-only feature since August 2023, it opened to the public in October. Partnering with a Qualified Crypto Custodian, WeStreet provides a regulated, audited platform for cryptocurrency transactions, bridging the gap between traditional banking and the digital currency sphere.

Voyager Digital Agrees to $1.65 Billion Settlement with FTC in Landmark Case
ustc

Voyager Digital Agrees to $1.65 Billion Settlement with FTC in Landmark Case

The US FTC has awarded Voyager Digital a $1.65 billion settlement for misleading statements about customer fund safety, marking a significant regulatory action in the crypto market.

BNY Mellon Bank Tapped to Provide Grayscales with Bitcoin ETF Services
ustc

BNY Mellon Bank Tapped to Provide Grayscales with Bitcoin ETF Services

Grayscale Investments has selected BNY Mellon bank as an asset servicing provider for its Grayscale Bitcoin Trust(GBTC) , handling accounting and administrative services, effective October 1.

Australia’s Financial Regulator Issues First Regulatory Roadmap for Crypto Assets
ustc

Australia’s Financial Regulator Issues First Regulatory Roadmap for Crypto Assets

The Australian Prudential Regulation Authority admitted that although the crypto sector is small, its rapid growth poses risks in the future if it remains unregulated.

Alibaba Unveils Its First Home-Grown AI Chip
ustc

Alibaba Unveils Its First Home-Grown AI Chip

Chinese e-commerce giant Alibaba unveiled its first artificial intelligence inference chip on Wednesday, a move which could further invigorate its already rip-roaring cloud computing business.

Robinhood Receives Investigative Subpoena from SEC Over Crypto Business
ustc

Robinhood Receives Investigative Subpoena from SEC Over Crypto Business

Robinhood disclosed in a recent 10-K filing that it received an investigative subpoena from the SEC in December 2022 regarding its supported cryptocurrencies, custody of cryptocurrencies, and platform operations. The subpoena was in response to the bankruptcies of several major cryptocurrency trading venues and lending platforms earlier in the year, including FTX, Three Arrows Capital, Voyager Digital Holdings, and Celsius Network. This follows previous subpoenas from the California Attorney General's Office and scrutiny from the Massachusetts Securities Division. Robinhood's crypto division was also fined $30 million by the New York District of Financial Services in August 2021 for failing to invest the proper resources and attention to develop and maintain a culture of compliance.

What is Trust?
ustc

What is Trust?

Trust and trusted third parties are key concepts in bitcoin. The key role of bitcoin is to reduce trust and trusted third parties.

Surge in Generative AI Adoption Across Sectors: Balancing Innovation and Risks
ustc

Surge in Generative AI Adoption Across Sectors: Balancing Innovation and Risks

Recent surveys highlight a significant increase in generative AI adoption in public and private sectors, driven by its potential for innovation and productivity. However, concerns over governance, risk management, and economic inequality emphasize the need for responsible and ethical use.

Bitcoin-like Wisdom: Edward Snowden's Call for Algorithms to Replace Institutions
ustc

Bitcoin-like Wisdom: Edward Snowden's Call for Algorithms to Replace Institutions

Edward Snowden's vision of AI and Bitcoin's financial revolution share a common theme of decentralization and replacing traditional institutions, highlighting concerns about surveillance and public trust.

Cardano Breaks Correlation with Bitcoin Price with Recent Partnership with Coinbase and Shelley Mainnet Launch
ustc

Cardano Breaks Correlation with Bitcoin Price with Recent Partnership with Coinbase and Shelley Mainnet Launch

Cardano recently partnered with Coinbase Custody to allow ADA holders to stake and store their funds in a secure cold wallet. The launch is expected in Q4 of 2020, once the staking rewards on Cardano’s Shelley mainnet becomes available.

Hex Trust Partners with Chainalysis to Provide a Compliance-focused Custody Solution for Financial Institutions
ustc

Hex Trust Partners with Chainalysis to Provide a Compliance-focused Custody Solution for Financial Institutions

Hex Trust, the leading digital asset custodian for the banking sector, today announced its partnership with Chainalysis, the blockchain analysis company

Genesis Global Capital Moves to Liquidate $1.6 Billion in Grayscale Trusts Amid Bankruptcy
ustc

Genesis Global Capital Moves to Liquidate $1.6 Billion in Grayscale Trusts Amid Bankruptcy

Genesis Global Capital has petitioned the U.S. Bankruptcy Court to sell off its Grayscale Bitcoin, Ethereum, and Ethereum Classic Trust holdings, totaling approximately $1.6 billion. This strategic liquidation aims to maximize creditor repayments amidst potential market volatility, following a recent SEC settlement.

Huobi Global Faces Mounting Challenges: Trademark Dispute, Legal Troubles, and Operations Suspension
ustc

Huobi Global Faces Mounting Challenges: Trademark Dispute, Legal Troubles, and Operations Suspension

Huobi Global, a prominent cryptocurrency exchange, is encountering significant challenges on multiple fronts, encompassing a trademark dispute, allegations of fraud against a key person, and an order to halt its operations in Malaysia.

Seychelles Crypto Exchange OKX to Expand Services to Australia
ustc

Seychelles Crypto Exchange OKX to Expand Services to Australia

OKX, the Seychelles-based crypto exchange, plans to expand its services to Australia due to the country's strong uptake of cryptocurrency. The exchange sees Australia as an essential part of its growth strategy and intends to build a strong local office.

Trust Wallet Discloses Security Flaw Resulting in $170k Loss
ustc

Trust Wallet Discloses Security Flaw Resulting in $170k Loss

Crypto wallet Trust Wallet has reported a security vulnerability, resulting in almost $170k in losses for some users. The vulnerability has been fixed after Trust Wallet found out about it through its bug bounty program.

German Banks Authorized for Crypto Custody and Sales in 2020
ustc

German Banks Authorized for Crypto Custody and Sales in 2020

In 2020, German banks will be legislatively authorized to sell and provide custody of cryptocurrencies as reported by German newspaper Handelsblatt.

Stablecoins to be Issued by Licensed Banks and Trust Companies in New Japanese Law
ustc

Stablecoins to be Issued by Licensed Banks and Trust Companies in New Japanese Law

In a move to protect investors, Japan’s parliament has passed a bill classifying stablecoins as digital money that must be connected to the nation’s currency, yen, or another legal tender.

Tron's Justin Sun Acquires 4145 BTC for $152.8M
ustc

Tron's Justin Sun Acquires 4145 BTC for $152.8M

Justin Sun has acquired 4145 Bitcoin with $152,818,183 at an average price of $36,868.

Changpeng Zhao Clarifies Binance's Investment in Collapsed Terra
ustc

Changpeng Zhao Clarifies Binance's Investment in Collapsed Terra

Changpeng Zhao has come out to clarify the investments the trading platform has in the Terra ecosystem in what appears as a response to false claims going around on Twitter.

Credit Giant MasterCard Grants Wirex First Principal Membership License
ustc

Credit Giant MasterCard Grants Wirex First Principal Membership License

Wirex has become the first native cryptocurrency platform to be granted a principal membership license from credit giant Mastercard as part of their accelerated expansion into digital assets.

Fidelity to Offer Crypto Trading to Retail Customers
ustc

Fidelity to Offer Crypto Trading to Retail Customers

The potential launch would come after Fidelity enabled its corporate clients in April to add the world's largest cryptocurrency to their managed 401(k) retirement plans.

Ripple Expands Digital Asset Custody with Acquisition of Standard Custody & Trust Company
ustc

Ripple Expands Digital Asset Custody with Acquisition of Standard Custody & Trust Company

Ripple acquires Standard Custody & Trust Company, strengthening its position in institutional digital asset custody market, enhancing regulatory portfolio and service offerings.

Unchained Forms Strategic Alliance with Bakkt to Enhance Bitcoin Custody Network
ustc

Unchained Forms Strategic Alliance with Bakkt to Enhance Bitcoin Custody Network

Unchained and Bakkt have partnered to enhance their Collaborative Custody Network, enhancing their capacity to secure over $3 billion in bitcoin assets.

EU’s Latest Coronavirus Recovery Deal: What’s Wrong with Fiat and What’s Right with Crypto
ustc

EU’s Latest Coronavirus Recovery Deal: What’s Wrong with Fiat and What’s Right with Crypto

The recovery fund spearheaded by the EU is made up of €390 billion in grants and €360 billion in loans, which will be added to a new Multiannual Financial Framework (MFF), with the sum of €1.074 trillion as a seven-year budget. The heads of state and government have reached a unanimous agreement, resulting in a total financial package of €1.82 trillion.

HSBC to Initiate Institutional Digital Assets Custody Service in 2024
ustc

HSBC to Initiate Institutional Digital Assets Custody Service in 2024

HSBC plans to launch a digital assets custody service for institutional clients in 2024, partnering with Metaco to expand its digital offerings to include tokenised securities.

ACC Sues Meta Alleging Scam Crypto Ads
ustc

ACC Sues Meta Alleging Scam Crypto Ads

Australia’s competition watchdog sued Meta Friday, alleging scam advertisement of cryptocurrency investments by asking local celebrities to promote them on its social media platform.

BlackRock iShares Bitcoin Trust (IBIT) Sees Zero Inflows, Ending 71-Day Streak
ustc

BlackRock iShares Bitcoin Trust (IBIT) Sees Zero Inflows, Ending 71-Day Streak

BlackRock's iShares Bitcoin Trust (IBIT) has experienced a significant shift in investor sentiment, with zero inflows recorded for the first time since the introduction of Bitcoin ETFs in the US. This marks the end of a 71-day streak during which the ETF consistently attracted millions of dollars in daily investments. While other Bitcoin ETFs also experienced a slowdown in inflows, Fidelity Wise Origin Bitcoin Fund and ARK 21Shares Bitcoin ETF managed to secure inflows of $5.6 million and $4.2 million respectively.

Grayscale Partners with NYSE Arca to File for Spot Ethereum ETF Conversion
ustc

Grayscale Partners with NYSE Arca to File for Spot Ethereum ETF Conversion

Grayscale Investments has collaborated with NYSE Arca to file Form 19b-4 with the U.S. Securities and Exchange Commission (SEC), aiming to convert the Grayscale Ethereum Trust into a spot Ethereum ETF. This move is a significant part of Grayscale's ongoing strategy to transition its entire range of 17 crypto investment products into ETFs. The filing follows the SEC's recent approval of the first Ethereum futures ETFs.

Australia Securities Exchange Moves For Blockchain Technology, CHI-X Calls For More Regulatory Supervisions
ustc

Australia Securities Exchange Moves For Blockchain Technology, CHI-X Calls For More Regulatory Supervisions

Australia Securities Exchange (ASX) plans to switch to distributed ledger technology by April 2021, replacing its clearing system, registry, and settlement with the technology for the sole purpose of cutting costs for customers.

Government-Owned Swiss Bank to Provide Custodial Services for Cryptocurrencies
ustc

Government-Owned Swiss Bank to Provide Custodial Services for Cryptocurrencies

With the readiness of government-backed Swiss bank, bank Basler Kantonalbank (BKB) to offer crypto custodial services, the financial service sector is an inch closer to driving mainstream adoption of blockchain technology

Qraft Technologies and Hex Trust Forge AI-Driven Partnership to Revolutionize Digital Asset Investment Landscape
ustc

Qraft Technologies and Hex Trust Forge AI-Driven Partnership to Revolutionize Digital Asset Investment Landscape

Qraft Technologies partners with Hex Trust, leveraging AI to enhance digital asset investments. The alliance aims to bridge traditional and digital asset management, optimizing cryptocurrency portfolios.

Mitsubishi UFJ Trust Bank and Ginco Collaborate to Offer Japan's First Crypto Asset Trust Services
ustc

Mitsubishi UFJ Trust Bank and Ginco Collaborate to Offer Japan's First Crypto Asset Trust Services

Mitsubishi UFJ Trust Bank and Ginco are partnering to provide Japan's first-ever trust services for crypto assets, in line with Japan's Payment Services Act and tax reforms.

Binance Expects Fines in U.S. Investigations
ustc

Binance Expects Fines in U.S. Investigations

Binance intends to pay U.S. authorities for past compliance inquiries and crimes.

TrueUSD (TUSD) Strives to Resume Minting with Prime Trust
ustc

TrueUSD (TUSD) Strives to Resume Minting with Prime Trust

In recent updates, the TrueUSD (TUSD) team has announced that they are actively engaged in efforts to resume TUSD minting on Prime Trust. This announcement was made following an unexpected pause in TUSD minting via Prime Trust, an event that took place on June 10.

Grayscale Adds Five New Crypto Investment Trusts including One for Chainlink and Filecoin
ustc

Grayscale Adds Five New Crypto Investment Trusts including One for Chainlink and Filecoin

Grayscale Investments has expanded its product line by launching new investment trusts including Chainlink, Filecoin, and Basic Attention Token.

A British National Charged With Aiding North Korea in Violating US sanctions
ustc

A British National Charged With Aiding North Korea in Violating US sanctions

Despite the DoJ's crypto financial sanctions targeting Russia, local authorities helped their American colleagues.

Nasdaq-listed Northern Trust Boosts Digital Carbon Credit with Blockchain
ustc

Nasdaq-listed Northern Trust Boosts Digital Carbon Credit with Blockchain

Nasdaq-listed Northern Trust has introduced a digital platform for institutional voluntary carbon credit transactions, utilizing private ledger digital blockchain technology. The platform aims to streamline and digitize the complex process between institutional buyers and project developers.

Reserve Bank of Australia Rolls Out CBDC Pilot Project
ustc

Reserve Bank of Australia Rolls Out CBDC Pilot Project

The Reserve Bank of Australia (RBA) has launched a year-long trial to explore a central bank digital currency's (CBDC) business models and innovative use cases.

ASIC Bans BitConnect National Executive for His Part in Multi-Billion Dollar Crypto Ponzi Scheme
ustc

ASIC Bans BitConnect National Executive for His Part in Multi-Billion Dollar Crypto Ponzi Scheme

Australian Securities and Investments Commission (ASIC) has officially banned a former National Representative of BitConnect from providing financial services for seven years.

7RCC Spearheads a Carbon-Neutral Bitcoin ETF for ESG-Focused Investing
ustc

7RCC Spearheads a Carbon-Neutral Bitcoin ETF for ESG-Focused Investing

7RCC has submitted a spot Bitcoin ETF with a composition of 80% Bitcoin and 20% carbon credit futures, providing a unique, carbon-neutral investment option in the crypto market.

BlueWallet is Sunsetting Its Lightning Node Connection to Lndhub
ustc

BlueWallet is Sunsetting Its Lightning Node Connection to Lndhub

Don't worry—BlueWallet is just another step toward self-custody and lightning nodes.

Ripple Faces Trademark Lawsuit in Australia for 'PayID' Infringement
ustc

Ripple Faces Trademark Lawsuit in Australia for 'PayID' Infringement

Ripple Labs is facing a lawsuit by New Payments Platform Australia (NPPA) for allegedly violating intellectual property rights for the branding of ‘PayID’.

Police Arrests 2 Suspects Involved in 2016 Bitfinex Hack
ustc

Police Arrests 2 Suspects Involved in 2016 Bitfinex Hack

U.S. authorities have arrested a Manhattan-based couple identified as Lichtenstein and Morgan, suspected to be a part of the masterminds behind the 2016 Bitfinex exchange hack.

Coinbase Becomes First Custodian to Pass Two Major Security Evaluations
ustc

Coinbase Becomes First Custodian to Pass Two Major Security Evaluations

Coinbase Custody has become the first cryptocurrency custodian to obtain bot SOC 1 Type 2 and SOC 2 Type 2 evaluations.