Mediation is underway to resolve the outstanding issues between DCG, Genesis, and Gemini. Per an update, Gemini, Genesis, and its parent company Digital Currency Group (DCG), as well as creditor committees agreed to initiate “a 30-day mediation process to drive to a final resolution as soon as possible.” “The mediation will be narrowly focused on DCG’s economic contribution to the…
Nigeria, one of the world’s most curious nations about cryptocurrencies like Bitcoin (BTC), is preparing new industry regulations for digital asset platforms. The Securities and Exchange Commission (SEC) of Nigeria is considering allowing licensed digital exchanges to list tokens backed by certain assets, Bloomberg reported on May 1. According to SEC head of securities and investment Abdulkadir Abbas, the authority…
A new meme coin is born. Pepe (PEPE), launched just two weeks ago, has now entered the market’s top 100 largest cryptocurrencies, with a market capitalization of $582 million. The PEPE token pumped 111% in the last 24 hours and is up 304% over the week, according to CoinGecko. PEPE is an ERC-20 token with a supply of 420.69 trillion…
Artificial intelligence (AI) chatbots are not new. However, the rapid emergence of AI chatbots as integrations into emerging technology and society have been raising concerns among the public. A new Japanese survey released on April 30 revealed major concerns among the local population over the widespread use of AI chatbots. According to the report from Kyodo News, 69.4% of Japanese are calling for…
The blockchain and crypto industry is constantly growing and changing around the world, and the Principality of Liechtenstein is no exception. The sixth smallest country in the world, located in the middle of Europe between Switzerland and Austria, has attracted the attention of the international and European crypto communities alike since the early days of the industry. In 2019, Liechtenstein…
Bitcoin Legal Defense Fund (BLDF) recently delivered on its promise to fund the legal costs of 11 Bitcoin developers that are the target of the self-proclaimed Bitcoin inventor Craig Wright’s lawsuit. According to Alex Morcos, the “mission [of BLDF] is to safeguard innovation by shielding developers from legal intimidation.” The Future of Open-Source Software Development Bitcoin Legal Defense Fund (BLDF),…
Bitcoin (BTC) starts a new week digesting major macroeconomic news as the United States sees the second-largest bank failure in its history. After a sideways weekend, BTC/USD was already volatile into the new weekly and monthly candle as downside kicked in. After steadying below $29,000, BTC price action is already facing more potential pressure as First Republic Bank is placed…
The month was particularly bad for exploits, with the amount lost accounting for half of the total crypto exploited so far in 2023. Source: https://cointelegraph.com/public/index.php/news/april-s-crypto-scams-exploits-and-hacks-lead-to-103m-lost-certik
The American banking giant JP Morgan Ch is set to acquire all the assets of First Republic Bank (FRC) after early efforts to rescue it failed. JPMorgan, along with multiple other banks, submitted a bid to acquire the assets of troubled FRC on April 29. The California Department of Financial Protection and Innovation closed FRC on May 1 and entered…
Welcome to Latam Insights, a compendium of the most relevant crypto and economic development news from Latin America during the last week. In this issue, economist Steve Hanke calls to dollarize Argentina, Bitcoin City plans are still not formalized in El Salvador, and Venezuelan crypto watchdog Sunacrip is allegedly involved in mass layoffs. Steve Hanke Proposes to Dollarize Argentina Steve…
