On April 20, the American toy manufacturing company Mattel announced an update to its virtual collectibles platform, which will go live on April 27. The peer-to-peer platform, called Mattel Creations Virtual Collectibles, will coincide with the Hot Wheels NFT Garage Series 5, featuring some of Hot Wheels’ most popular car designs. Mattel Creations Virtual Collectibles Platform to Launch Peer-to-Peer Market…
Jeremy Sheridan claimed FTX users could become the targets of physical harm as well as attacks through online scams if their information was disclosed. Source: https://cointelegraph.com/news/former-us-secret-service-asst-director-keep-personal-info-of-ftx-users-private
Ethereum is often depicted as traditional finance’s adversary in a Manichean struggle for decentralization. In reality, there isn’t any conflict at all. Rather than subverting the traditional financial sector, Ethereum is improving it. Soon, the two systems will be inextricably entwined. Ethereum’s core value propositions — self-custody, transparency and disintermediation — are enormously relevant to financial institutions, and they can…
The United States Treasury did a risk assessment of decentralized finance (DeFi) and found the sector lacking in several ways, Assistant Treasury Secretary for Terrorist Financing and Financial Crime Elizabeth Rosenberg reminded an audience at the Atlantic Council think tank on April 21. Get ready for more regulation, she said. Rosenberg referred to a report released earlier this month by…
Anyone familiar with crypto trading had a pretty good “spidey sense” that something wasn’t right with the now bankrupt digital asset exchange FTX, according to Arthur Hayes. The former BitMEX CEO claims just about everyone knew that the failed crypto exchange FTX was “a little bit shady,” but most investors in the company were blinded by greed, he says. In…
sponsored Blockchain technology has been a significant disruptor in various industries over the past decade, and it’s only expected to continue growing in influence and adoption in the coming years. In particular, David Rojas and Ashissh Raichura have earned a reputation as industry leaders in blockchain and cryptocurrency. Over the past decade, Buterin and Ethereum have been at the forefront…
Whether the intelligence can provide truthful answers will have to be seen, but the move would undoubtedly strengthen Musk’s business portfolio, which already includes SpaceX and Twitter, both companies sharing Musk’s curiosity about the universe and his approach to truth. Speaking of facts, European authorities are strengthening regulations on AI projects by launching a new research hub to investigate Big…
The big shift in venture capital funding away from crypto projects has come into stark focus. A comparison between this and last year’s Q1 funding shows a drop from $9.1 billion during the first three months of 2022 to $1.7 billion in 2023, an 82% fall, according to a Crunchbase report. However, while the dip in deal flow and sector…
According to Societe Generale-Forge (SG-Forge), a regulated subsidiary of Societe Generale Group, the company has launched a stablecoin pegged to the euro and issued on the Ethereum blockchain. During the launch announcement, SG-Forge’s CEO stated that a stablecoin “built under a robust banking-grade structure” will be a key element to increase trust and confidence in the native cryptocurrency ecosystem. SG-Forge…
According to former Department of State official Anja Manuel, if the United States isn’t able to maintain its dominance in financial innovation and payments, it could affect its national security policy, specifically on sanctions. Speaking to Coinbase CEO Brian Armstrong and listeners in an April 21 Twitter Spaces discussion, Manuel said because the U.S. was one of the biggest global…
