Tag Archives: News

Klaytn is expanding its offerings to focus on the tokenization of real-world assets like jewelry and real estate on its blockchain. Klaytn Foundation, the entity responsible for the enterprise blockchain platform Klaytn, has announced its intention to use blockchain technology to drive positive social change. The Foundation aims to improve financial penetration in Asia and other parts of the world by facilitating the development and deployment of new and related projects built on the...

There’s a rumor swirling around that the Department of Justice (DOJ) has dropped all charges against Sam Bankman-Fried, the former (disgraced) head of the now defunct crypto exchange FTX, but the agency has put out a statement saying this is not correct. Sam Bankman-Fried Will Have One Charge Against Him Dropped At press time, it appears only one charge has been dropped against Sam Bankman-Fried, and that’s count eight, which details an alleged campaign finance...

Financial giant Franklin Templeton has applied to the SEC for approval to launch a Bitcoin exchange-traded fund (ETF) named the Franklin Bitcoin ETF, with Coinbase as the custodian and trading on the Cboe BZX Exchange. Asset manager Franklin Templeton, a financial giant managing over $1.4 trillion on behalf of its clients, has submitted an application to the US Securities and Exchange Commission (SEC) to launch a Bitcoin exchange-traded fund (ETF). According to the filed application, the...

Arm’s processors are already playing a significant role in AI workloads, particularly in smartphones. As investors eagerly await the Initial Public Offering (IPO) from Arm Holdings Ltd, the semiconductor industry is basking in the glow of the Artificial Intelligence (AI) boom, exemplified by Nvidia Corp (NASDAQ: NVDA) which has printed a staggering 200% rally this year.  However, a recent report from CNBC highlighted that Arm’s proposition differs significantly from Nvidia’s in terms of...

The world is rife with artifacts and treasures of immeasurable value. The problem is that with these items come thieves that are always trying to steal or run off with them. That’s where blockchain can come in handy, according to some analysts. Blockchain Can Help Track Stolen Items The idea of using blockchain to tokenize items or to transact in real-time is nothing new. The blockchain contains a degree of verifiability that one can’t often find in today’s modern...

According to BIS research, 93% of central banks across the world are investigating the feasibility of issuing CBDCs. The Hong Kong Monetary Authority (HKMA) and the Bank of Israel (BOI) have partnered to address the privacy concerns associated with central bank digital currencies (CBDCs). This is according to a joint report titled “Project Sela – An Accessible and Secure Retail CBDC Ecosystem” released by the two central banks and the Bank for International Settlements Innovation Hub...

Brian Armstrong – the CEO of Coinbase, the largest and most popular digital currency exchange in the U.S. – says that members of the Securities and Exchange Commission (SEC) approached him and his fellow crypto executives to see about the platform delisting all assets other than bitcoin prior to filing their suit against the company. Coinbase was Given an Odd Choice Coinbase is facing several charges from the SEC, which alleges that the digital currency firm...

To encourage collaboration, TikTok Shop has introduced an affiliate program, allowing sellers to partner with creators on a commission basis to promote their products. TikTok has launched its long-anticipated e-commerce platform, TikTok Shop, in the United States, marking a significant milestone in the evolution of online shopping. With a user base of over 150 million in the country, the move aims to revolutionize how Americans shop online. The popular social media platform launched the...

Lawyers representing Binance.US believe that, overall, the SEC’s moves so far would do more harm than good for its bidding. Binance.US has claimed that the United States Securities and Exchange Commission’s (SEC) requests have been “unreasonable” with most of its requests. This is according to sealed documents filed by attorneys of the Binance.US cryptocurrency exchange on September 12. The filing – a response to SEC’s earlier request to get additional details from Binance, says most of...

PayPal says that by launching the new service to USD on ramp, it hopes to simplify customer interactions with cryptocurrencies. Payments giant PayPal Holdings Inc (NASDAQ: PYPL) is expanding services offered as part of its expansion into the crypto sector. Following its launch of an on-ramp function that lets customers buy crypto, PayPal has launched an off-ramp service so that users can easily sell the crypto for USD. The company announced this in a news release published on Monday. The...