Binance users in Australia now have a narrowed pool of options to purchase cryptocurrencies amid the ongoing global debanking of crypto businesses. Since 5:00 p.m. local time on June 1, fiat on-ramps and off-ramps by bank transfers have been halted in Australia. The suspension includes trading for Australian dollar (AUD) pairs. The shutdown of deposits and withdrawals is tied to…
First Digital Group, a Hong Kong-based qualified custodian and trust company, announced the launch of its First Digital USD (FDUSD) United States dollar-pegged stablecoin on June 1. The new stablecoin is programmable and described as being capable of executing contracts, escrow services and insurance without intermediaries. It will operate on the BNB Smart Chain. FDUSD is being issued by First…
A group of Dogecoin investors has requested leave to amend a class-action lawsuit against soon-to-be former chief executive officer of Twitter Elon Musk, alleging he manipulated the price of the meme token. In a May 31 filing in United States District Court for the Southern District of New York, the investors claimed Musk used his social media following on Twitter…
Circle recently announced plans for a June 8 launch of a new native version of its USD Coin (USDC) stablecoin on the Arbitrum network. 1/ Circle is launching USDC natively on @Arbitrum on June 8th! Keep scrolling or read the blog to learn more about this launch and how to migrate liquidity from “bridged USDC” to native USDC. https://t.co/tbxSmUvXso —…
InfiniGods developers Damon Gura and Owen O’Donoghue share their stance on why mobile gaming is essential to Web3 adoption and general success in the video games industry. Source: https://decrypt.co/videos/interviews/l3KBurz4/you-have-to-be-on-mobile-infinigods-cofounders-on-gaming
While the U.S. has long been known as a center of innovation and new technology, the nation’s regulatory bodies don’t seem to know quite what to make of the crypto industry. The U.S. is lagging behind countries in Europe and Asia in establishing crypto regulations, and it’s not because the industry is broadly resistant. Indeed, crypto insiders would welcome —…
The German telecommunications firm looks to leverage its infrastructure in Web3, plugging in as a network validator for Ethereum scaling protocol Polygon. Source: https://cointelegraph.com/app/public/index.php/news/deutsche-telekom-becomes-polygon-validator
Most crypto investors probably aren’t thinking about divorce or what will happen to their digital assets in the event of separation, but lawyers say it’s becoming a very common scenario as more people hold crypto assets. Last year, market research firm GWI suggested that as much as 10.2% of global internet users aged 16 to 64 own crypto, with most…
While generative artificial intelligence (AI) is capable of doing a vast variety of tasks, OpenAI’s ChatGPT-4 is currently unable to audit smart contracts as effectively as human auditors, according to recent testing. In an effort to determine whether AI tools could replace human auditors, blockchain security firm OpenZeppelin’s Mariko Wakabayashi and Felix Wegener pitted ChatGPT-4 against the firm’s Ethernaut security…
Singapore’s Crypto.com expands its regulatory achievements by securing a license for digital payment token services. Source: https://cointelegraph.com/app/public/index.php/news/crypto-com-joins-ranks-of-licensed-payment-institutions-in-singapore
