Efforts to reach a universal policy approach to crypto took a step further on Thursday as two major financial regulators set out their plans for coordinated action. The International Monetary Fund (IMF) and the G20’s risk watchdog, the Financial Stability Board (FSB), said in a joint white paper that a “comprehensive policy and regulatory response for crypto-assets is necessary to…
Greg Oakford, co-founder of NFT Fest Australia, is your guide to the world of NFTs from a collector and fan’s perspective. Seventeen years ago, Pindar Van Arman built a robot that, like him, painted with a brush on canvas. He has built several robots since, with each iteration possessing a more sophisticated artificial intelligence that tried to paint “more like…
Ethereum co-founder Vitalik Buterin has co-authored a new research paper exploring how a privacy-preserving blockchain protocol could balance the need for user anonymity with regulatory compliance. The paper, co-authored by Buterin along with early Tornado Cash contributor Ameen Soleimani, Jacob Illum from the blockchain security firm Chainalysis, and two researchers from the University of Basel, delves into the subject of…
East Asian country Taiwan is reportedly planning to put restrictions on unregistered overseas crypto exchanges operating within its jurisdiction as a part of its incoming guidance for virtual asset service providers (VASPs). On Sept. 7, local media outlet Central News Agency reported that the Financial Supervisory Commission (FSC) of Taiwan has created a draft of ten guiding principles for the…
As crypto continues to cement itself into our financial system, the question of custody, or how individuals and entities should hold their assets, is becoming increasingly important. This is especially true following the fallout of multiple centralized platforms last year, such as FTX and Gemini, which caused many investors to lose their crypto holdings. The ethos of crypto is decentralization…
Miami Mayor Denis Suarez, who’s running for president of the United States, took a shot at his Republican counterpart in the presidential race, Florida Governor Ron DeSantis. Emphasizing his own support for crypto, Suarez said about DeSantis: “You gotta go beyond just saying that the central bank digital currencies are bad. Everybody agrees on that. That’s a very easy position.”…
Blockchain analytic firm Lookonchain flagged a crypto wallet allegedly belonging to Polygon Foundation that transferred large amounts of Matic tokens on Binance. Polygon Labs founder Sandeep Nailwal refuted the claim and said it was a case of mislabeling and the wallet doesn’t belong to Polygon Foundation. One more time, incorrect labelling @lookonchain. This is the second time this has happened.…
Bitcoin (BTC) has a chance to end 2023 at $35,000 despite heading lower in between, veteran analyst Filbfilb believes. In his latest interview with Cointelegraph, the co-founder of trading suite Decentrader reveals some BTC price targets that should resonate with the long-term holder base. Bitcoin faces multiple obstacles to its current uptrend, and the current cycle offers various key differences…
In the face of a heatwave in Texas this August, Bitcoin mining outfit Riot Platforms slashed its production in the state, receiving $31.7 million in energy credits for the power it would have otherwise consumed. Riot Platforms cut its energy demand by 95% to redirect crucial resources to the local electricity provider, ERCOT, mining just 333 Bitcoin in August, worth…
The world’s leading crypto exchange by trading volume Binance has seen the departure of 10 key executives from various departments in the first nine months of 2023. While executive departures from a company are a norm based on their preset contractual obligations, the number of executives leaving Binance amid growing regulatory troubles has been a key talking point in the…
