Crypto news

[Press Release – Rarotonga, Cook Islands, June 29th, 2023] A solution enabling Web3 wallet integration within existing enterprise platforms. Blockchain-based, Web3 initiative Cirus Foundation has developed a Wallet as a Service (WaaS) innovation unit. The initiative entails deploying Web3 wallets for existing businesses and platforms to create a secured value-share layer between their users. After the initial release of the Cirus Web3 Wallet, the core functionality of...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Is investing in crypto equivalent to gambling? That’s how the United Kingdom sees it, and leaders are suggesting that crypto be regulated in the same way the U.K. oversees gambling activities. The United Kingdom Sees Crypto Investing as Gambling To an extent, one can argue that investing in crypto is sort of a...

The lawsuit between Ripple and the United States Securities and Exchange Commission has taken center stage once again as the agency continues with its predatory approach. Earlier this month, the Commission filed a lawsuit against Coinbase for dealing with unregistered securities, calling out a number of coins for being securities. Interestingly enough, this list didn’t include XRP. Nonetheless, the financial watchdog has demonstrated a clear stance against crypto, and it’s...

Sui network has laid out the SUI token release schedule just a day after the team behind the layer 1 blockchain and smart contract platform dismissed allegations that they unlocked staking rewards and “dumped” them on Binance. The decision to share the details of the schedule is in the interest of transparency and open communication about the tokenomics, Sui said in a statement. SUI Token Distribution According to the data shared by the protocol, SUI token distribution is set...

The North Carolina House of Representatives has passed a bill that includes provisions to investigate the acquisition and potential benefits of Bitcoin and other cryptocurrencies. House Bill 721, titled “State Precious Metals Depository Study,” aims to examine the potential impact of a state securely holding, insuring, and liquidating virtual currency, with special emphasis on Bitcoin. The legislation received 73 votes in favor, 40 against, while seven participants were...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Do you run a cryptocurrency company in America and you’re getting tired of the regulatory confusion surrounding your industry? Are you sick of Gary Gensler and the Securities and Exchange Commission (SEC) breathing down the back of your neck? If that’s the case, you may want to give France a try! France Wants...

The denial of a custody license in Germany poses significant challenges for Binance, as Germany represents one of Europe’s largest and most influential markets. Germany’s Federal Financial Supervisory Authority (BaFin) has reportedly denied the Binance exchange’s application for a crypto custody license. Finance Forward, a news publication, has reported that BaFin has communicated this decision directly to the exchange. The decision signifies a regulatory setback for the crypto trading...

As research continues into a possible digital euro, the ECB plans to begin trials that settle transactions using a CBDC. The European Central Bank will begin trials on market transaction settlements using distributed ledger technology (DLT) via a central bank digital currency (CBDC). The ECB’s readiness to begin the CBDC trials and experimentation follows the first meeting of the New Technologies for Wholesale Settlement Contact Group (NTW-CG). The minutes of the meeting explored...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Jia is a blockchain-based fintech organization that offers small businesses and emerging markets the loans they need to operate and stay afloat. In recent news, the company announced that it had secured more than $4 million in seed funding, while another $1 million (for a total of $5 million) was delivered to...

In Binance’s peer-to-peer (P2P) platform, ML technology is employed to identify suspicious language in communications. By utilizing ML in P2P chat, feedback, and advertisements, potential payment scams, customer service impersonation, and malicious messaging can be detected. This technology has proven effective in preventing thousands of scams. For the know-your-customer (KYC) process, Binance utilizes a combination of computer vision (CV) and AI. These technologies aid in verifying...