In the midst of the banking upheaval in the United States, Google Trends has revealed a notable surge in searches related to the acquisition of gold, with the search query reaching a perfect score of 100 during the first week of April 2023. Similarly, the search term “how to buy bitcoin” reached the same score two weeks earlier, on March…
The Securities Commission of The Bahamas (SCB) published a draft of the Digital Assets and Registered Exchanges (DARE) Bill 2023 on April 25. The sweeping bill will undergo a consultation period with the goal of enacting it by the end of the quarter. The 2023 bill updates the DARE Act of 2020. Work on the bill began in April 2022,…
While crypto moves so quickly that it may feel like forever ago, Ethereum’s transition from proof-of-stake to proof-of-work is still spawning fresh research on the energy consumption of blockchain networks—most recently from the University of Cambridge. The Cambridge Centre for Alternative Finance (CCAF), best known for its Bitcoin energy consumption dashboards and research at the Cambridge Judge Business School, unveiled…
In this week’s newsletter, read about how Romania plans to drive Web3 adoption in the country using NFTs. Check out how Sotheby’s will auction off some NFTs of the collapsed crypto hedge fund Three Arrows Capital. In other news, find out how games and tokenization are driving the maturation of the NFT space and how a second batch of Trump…
Blockchain security firm CertiK is launching a compensation plan with Ethereum layer-2 scaling platform zkSync Era to cover the $2 million lost during a public sale of decentralized exchange Merlin’s MAGE tokens. In a statement to Cointelegraph on April 26, CertiK reiterated it is investigating the exit scam and has also enlisted the remaining Merlin team to initiate the compensation…
South Korean legislators passed a first phase review of proposed regulations that would give the nation’s Financial Services Commission authority to investigate and supervise financial activity related to “digital assets,” including cryptocurrency. The proposed bill comes with myriad stipulations governing the sale, storage, and trading of cryptocurrencies with particular emphasis on consumer protection and compliance reporting. Ruling People Power Party’s…
Asset manager Franklin Templeton, which oversees $1.5 trillion on behalf of clients, today announced that one of its funds is now supported on the Polygon blockchain. One of the world’s largest asset managers, Franklin Templeton said Wednesday that its Nasdaq-listed OnChain U.S. Government Money Fund (FOBXX) would use Polygon so it could “be further compatible with the rest of the…
In the midst of a tumultuous week, First Republic Bank is struggling to regain its footing in the financial world. Reports have surfaced that the bank is poised to enter government receivership due to a massive outflow of $100 billion in customer withdrawals last month. This has prompted investors to flee the bank, causing its shares to dive-bomb by over…
This story comes from GG. Your Web3 Gaming Power-Up Discover GG Game studio Midnight Society was the product of gaming personality Dr. Disrespect’s frustrations with the current state of shooters. The larger-than-life content creator (a.k.a. Guy Beahm) co-founded the team with veterans from franchises like Call of Duty and Halo, all with the goal of creating a competitive shooter that…
Legal pressure on Binance, the world’s largest crypto exchange, has underscored the potentially “chilling” effect of a U.S. crackdown on crypto, legal experts have told Decrypt. The company is facing scrutiny from multiple agencies, including a suit filed by the Commodity Futures Trading Commission (CFTC) against both Binance and its founder Changpeng ‘CZ’ Zhao last month. Per a report from…
