Digital identities can help in fake product detection by providing a unique and verifiable identity to each product, making it easier to track its movements through the supply chain and verify its authenticity, thereby preventing the circulation of fake products. In the modern era of e-commerce, the problem of fake products is prevalent, and it poses significant risks to both…
After gaining 11% between March 16 and March 18, the total crypto market capitalization has been battling resistance at the $1.2 trillion level. This same level was reached on August 14, 2022 and was followed by a 19.7% decline to $960 billion over the next two weeks. During the lateralization period between March 20 and March 27, Bitcoin (BTC) gained…
Polygon launched the long-awaited mainnet for its new Polygon zkEVM network today, and to mark the occasion, the core developers of the sidechain invited Ethereum creator Vitalik Buterin to send out the very first transaction—and he included a hidden message. Buterin appeared on a livestreamed event to mark the occasion, and while building the transaction, he included the following message…
On March 27, European cryptocurrency investment firm CoinShares published its “Digital Asset Fund Flows Report,” which revealed that digital assets continue to attract investors’ attention as concerns over the stability of traditional finance (TradFi) continues to grow. According to the latest report, investment products in digital assets experienced inflows of $160 million last week, the largest since July 2022, marking a…
XRP (XRP) price is currently outperforming all other major cryptocurrencies as of March 27, rising over 20% in the past seven days. XRP/USD daily price chart. Source: TradingView XRP accumulation ahead of SEC vs. Ripple ruling XRP has seen steady gains over the past seven days as the ongoing legal quandary between Ripple and the U.S. Securities and Exchange Commission (SEC)…
The world’s largest crypto exchange by trade volume, Binance Holdings Ltd., has been sued by the U.S. Commodity Futures Trading Commission. Binance CEO Changpeng Zhao has been named in the lawsuit and the charges claim the crypto exchange broke several trading and derivatives rules. The lawsuit also names Binance’s former chief compliance officer, Samuel Lim, for allegedly aiding and abetting…
Luxury fashion house Gucci is diving deeper into Web3 and the metaverse—and it’s doing so in collaboration with Bored Ape Yacht Club creator Yuga Labs. Gucci today teased out an alliance on Twitter, using an image (above) that shows Gucci and Yuga Labs branding on a bottle that was previously seen in the trailer for Otherside, Yuga’s upcoming Bored Ape-themed…
Within Web3 communities, NFTs have been used as access passes for digital spaces and live events alike, serving up perks for holders. Now ticketing giant Ticketmaster may bring token-gating to a much larger audience with the launch of a feature that lets artists offer up special access to concert and event tickets for eligible NFT owners. Ticketmaster announced today that…
The United States Commodity Futures Trading Commission has filed suit against Binance and CEO Changpeng “CZ” Zhao for trading violations, according to a Bloomberg report. The suit was filed in the U.S. District Court for the Northern District of Illinois. According to the CFTC, Binance failed to meet its regulatory obligations by not properly registering with the derivatives regulator. The cryptocurrency…
The leading cryptocurrency exchange by trading volume, Binance, and its CEO Changpeng Zhao were sued Monday by the Commodity Futures Trading Commission (CFTC). The U.S. regulator alleged that Zhao and his company violated trading and derivates rules, according to a lawsuit filed by the CFTC in a Chicago federal court. The two largest cryptocurrencies by market capitalization, Bitcoin and Ethereum,…
