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US DoJ Says FTX Advertisement Blur Lines between FTX.US and International Business

The DoJ has said that advertisements for FTX did not differentiate between the US arm and the global business. According to the Department of Justice (DoJ), the FTX ads featuring American footballer Tom Brady and comedian Larry David show little distinction between the exchange’s US arm and its international business. According to a Friday filing, the DoJ said the celebrities in the ads describe FTX as an easy and safe way to use crypto, using a device showing the FTX logo and not FTX.US....

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Binance Faces Another Executive Departure as Its Global Head of Product Resigns

Despite the recent wave of executive departures from Binance, the company said in June that it was embarking on a hiring spree with more than 2,000 available positions. Binance, the world’s largest cryptocurrency exchange, is experiencing another high-profile exit as Mayur Kamat, the Global Head of Product and Design, resigns from his role. Kamat’s departure is the latest in a series of executive exits in recent months. A spokesperson for Binance confirmed Kamat’s resignation in an emailed...

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PBoC: Platforms Should Have Retail Payment Option for Digital Yuan CBDC

The director of Digital Currency Research Institute of the People’s Bank of China said that online platforms have the responsibility to adhere to the regulatory requirements. On Sunday, September 3, Changchun Mu, director of the Digital Currency Research Institute of the People’s Bank of China, emphasized the importance of wallet providers in enabling CBDC payment options across various retail settings. Mu’s comments come as China’s central bank digital currency (CBDC), the digital yuan,...

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London Stock Exchange Group Plans to Embrace Blockchain Technology for Operational Efficiency

Murray Roos clarified that the exploration of blockchain does not mean that the exchange is delving into cryptocurrencies like Bitcoin and Ethereum. The London Stock Exchange Group (LSEG), one of the oldest and most reputable stock exchanges in the world, is embarking on the integration of blockchain technology into its operations according to a report by Financial Times. London Stock Exchange Group and Its Interest in Blockchain The reputable exchange has been in operation for centuries,...

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Das versteht man unter Blockchain Explorer

Die erste Bitcoin-Transaktion ever; hier in der Live-Ansicht im Blockchain Explorer. Die Blockchain-Technologie hat in den letzten Jahren erhebliche Aufmerksamkeit und Interesse auf sich gezogen. Sie hat nicht nur die Kryptowährungslandschaft revolutioniert, sondern auch Anwendungen in verschiedenen anderen Branchen gefunden. Ein wesentliches Werkzeug, um die Transparenz und Funktionsweise der Blockchain zu verstehen, ist der sogenannte „Blockchain...

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Blockchain 2023 Berlin: Von Workshops bis Art Gallery

Die Best of Blockchain 2023 macht Berlin zur Krypto-Hauptstadt Die Best of Blockchain wird an drei Tagen stattfinden und das geballte Blockchain-Wissen in unterschiedlichsten Formen vermitteln. Von Vorträgen auf den Bühnen, über Workshops und einer Art-Gallery ist hier für jeden etwas dabei. Die ersten beiden Tage sind die Business-Tage – hier können sich Firmen präsentieren, die die Blockchain-Technologie bereits in ihr Unternehmen eingebunden...

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Argo Blockchain Reduces Debt and Overall Costs, Revenue Takes a Hit (Report)

The leading cryptocurrency miner – Argo Blockchain – has reportedly decreased its debt to $75 million during the first half of the year. In comparison, it owed $143 million at the end of June 2022.  The company also managed to reduce overall costs and expenses. However, revenue in H1 was significantly less than the one registered in the first half of last year.  The H1 Results As reported by London South East, Argo Blockchain’s pretax loss for the first six months of 2023...

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Swift Announces Successful Tokenization Experiment Using Chainlink’s CCIP

Global financial messaging network – Swift – announced successfully facilitating a variety of blockchain interoperability tests with multiple financial institutions like Citi, SIX Digital Exchange (SDX), BNP Paribas, and BNY Mellon. For this purpose, Swift tapped the Web3 services platform Chainlink’s Cross-Chain Interoperability Protocol (CCIP) The company said the experiments are part of its wider strategy to ensure secure, global interoperability as new technologies and...

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92% Decrease in Crypto Losses Due to Hacks and Exploits in August (Report)

The security services platform that offers protection against Web3 bugs – Immunefi – estimated that hackers and fraudsters have drained approximately $23.4 million worth of digital assets from crypto projects in August. While the figure might sound significant, it is 92% less than the recorded losses in July when wrongdoers siphoned over $320 million. Last Month’s Numbers As analyzed by the platform, the exact losses that crypto projects suffered due to such attacks in August...

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Panel: Bitcoin Remains a Highly Efficient Token

A recent roundtable at Bitcoin Miami 2023 questioned if bitcoin is as slow and as inefficient as many analysts claim it is. Panelists also found themselves wondering what the role of crypto company Strike was when it came to the future of BTC. Bitcoin is Stronger Than Most of Us Think Bitcoin has often been dubbed an “outdated” token. While it was the initial form of crypto and gave birth to the digital finance arena, there are many assets that have emerged since...

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