Crypto news

Jeremy Allaire, CEO of stablecoin giant Circle, spoke at Consensus 2023 on Wednesday about where companies like his fit into the current US dollar system and regulatory regime.  The executive believes a widespread loss of faith in US Banking is contributing to “de-dollarization”, and that digital dollar stablecoins will help it retain its global dominance.  A Safe Digital Dollar During a panel titled “ A 10-Year Rollercoaster Toward a New Model of Money,” Allaire said that...

The Securities Commission of the Bahamas reportedly plans to strengthen the domestic cryptocurrency regulatory framework after the collapse of FTX, which was based in the island nation. One such amendment will be the prohibition of algorithmic stablecoins and privacy tokens. The Bahamas was also where Sam Bankman-Fried (SBF) – the former CEO of FTX – lived prior to his arrest. He currently resides in his parents’ house in California, awaiting a trial that will determine...

A group of crypto hackers have drained all the coins and funds from several bitcoin ATMs throughout the world hosted by a company called General Bytes. General Bytes Loses a Lot of Money The hackers took advantage of what’s referred to as a zero-day vulnerability to prevent all transaction losses from being reversed. General Bytes explained in a statement: The night of 17-18 March was the most challenging time for us and some of our clients. The entire team has been...

Austrian cooperative banking company – Raiffeisenlandesbank Niederösterreich-Wien (RLB NÖ-Wien) – has partnered with Bitpanda to roll out crypto investment services through the latter’s software as a service (SaaS) offering. With this collaboration, RLB NÖ-Wien has become the first major traditional bank in the European Union to move into digital assets. The Partnership Alongside crypto investment, the Austrian company will also focus on the potential implementation of stocks...

[PRESS RELEASE – Please Read Disclaimer] MyEListing integrates with Coinbase Commerce to create ASAP Program Austin, TX – MyEListing.com, a free commercial real estate listings and data platform, has partnered with Millennial Title, and Championship Title to create a marketplace where anyone in the world can buy and sell US residential & commercial real estate with crypto via an integration with Coinbase Commerce, and close within one business day. The initiative is...

Following the CMA’s decision to veto the Microsoft-Activision deal in Britain, the computer software giant plans to appeal.  Britain’s Competition and Markets Authority has blocked Microsoft’s acquisition of gaming publisher Activision Blizzard (NASDAQ: ATVI). On Wednesday, the top UK regulator opposed Microsoft’s acquisition of the “Call of Duty” publisher. This verdict comes a month after the UK CMA deemed the tech giant’s impending control of Activision non-threatening to video gaming...

With the growing importance of Web3, adopting Two-Factor Wallets is seen as a significant step in improving security measures in the crypto industry. Trust Wallet, one of the largest self-custodial and multi-chain wallets, has partnered with Web3Auth to simplify Web3 onboarding using social logins. This collaboration allows users to access Web3 services using their existing social login credentials and other security factors. Trust Wallet’s newly deployed Multi-Party Computation (MPC)...

The Federal Reserve hiked rates another 0.25 basis points in late March. The decision came in light of the banking failure occurring within America’s borders, and many analysts found themselves wondering if bitcoin’s meteoric run would somehow be affected. The Federal Reserve Again Hikes Interest Rates This new rate hike brought interest to its tallest peak since 2007. That’s a whopping 16 years! In a statement, the Federal Reserve mentioned that inflation in the country...

The US Inflation Reduction Act propelled LG Energy Solution to an astounding income haul in its Q1 2023 results.  LG Energy Solution Ltd recently posted its Q1 2023 earnings, revealing a more than double profit haul. For the first quarter of the year, the Seoul-based battery company posted a 145% jump in profit and a 101% revenue rise to 8.7 trillion won. LG Energy Solution’s reported operating profit for the year’s first three months was 633 billion won (S$633.1 million). A year ago, the...

Pony.ai is the first and only company to receive such a permit in Guangzhou. Software company Pony.ai has received a permit to operate its driverless robotaxi services in Guangzhou city of China. The startup, which is backed by Toyota Motor Corp., now has the authorization to offer its service in the Chinese city. The vehicles will have no safety operator nor human beings in the driver’s seat, as Pony.ai provides full driverless robotaxi services in Guangzhou. Pony.ai began driverless...