One of the pressing issues in education is fake credentials. On May 18, the Washington Post reported that there are about 2,800 people who purchased their credentials without attending the proper classes. They were able to pass the National Council Licensure Examination in the United States. Authorities are now trying to find these people. The rise of fake credentials and…
After seven years of development, Australian Securities Exchange (ASX) has finally abandoned plans to use blockchain technology or related distributed ledger technology (DLT) for revamping its existing Clearing House Electronic Subregister System (CHESS) At a May 17 meeting, ASX exchange project director Tim Whiteley said that while the exchange continues to explore all the options, “certainly we will need to…
Blockchain-based gaming has gained momentum in recent years as the novel sensation in the crypto universe, to the point where blockchain games accounted for half of all blockchain activity in early 2023. As the trend expands, new players have joined the fray, looking beyond the initial token-collection craze and shifting the focus to gameplay elements. The latest and greatest games…
Bitcoin (BTC) traded back below $27,000 on May 19 as analysis flagged large-volume trades pressuring price. BTC/USD 1-day candle chart on Bitstamp. Source: TradingView Inflation specter haunts crypto markets Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting lows of $26,380 on Bitstamp. A modest recovery then took the pair to a range familiar from several days prior, this…
The “Big Tech” giant Apple, has restricted company usage of the widely popular artificial intelligence (AI) chatbot ChatGPT as it fears its sensitive data could be compromised. A report by the Wall Street Journal revealed that an internal document to Apple employees has banned the usage of Microsoft-backed ChatGPT and similar AI tools while the company is in the process…
The legislation that could oblige exchanges to maintain reserves “in an amount sufficient to fulfill all obligations to customers” made it one step closer to reality in the state of Texas. The bill passed through a Senate vote and now awaits only the state governor’s signature. On May 15, state bill 1666, amending the Texan Finance Code, was voted in…
Australia’s stock market operator has decided to abandon its plans of rebuilding its software platform using blockchain technology, marking a significant rejection of the once-celebrated concept that gained prominence through its association with cryptocurrencies. The Australian Securities Exchange (ASX) caused frustration among market participants in November when it decided to “pause” the rebuild of its comprehensive trading, settlement and clearing…
Crypto needs to establish itself as a “brand-new” component of traditional finance, rather than try to squeeze itself into existing financial products, suggests the CEO of crypto exchange Bittrex Global. The company’s United States arm recently filed for Chapter 11 bankruptcy, announcing it intended to return customer funds and wind U.S. operations. It added it would not impact global operations. Speaking…
Australian-based cryptocurrency exchanges have lined up to quash contagion fears after the payments provider for Binance Australia was told to offboard the exchange, though some have warned risks still loom. On May 18, Binance Australia told users that Australian dollar services were suspended after its payments partner Zepto was told by its partner firm Cuscal to stop support for the…
Stablecoin issuers including Tether, Circle, and others have spent well over a million dollars lobbying lawmakers on Capitol Hill since the start of 2022, according to recent data. Stablecoins have become the center of attention in Washington DC recently as pressure mounts to roll out a regulatory framework for dollar-pegged digital assets. Tether uses the law offices of Michael Jason…
