Fintech innovations and emerging technologies have swept the world, causing global lawmakers to rush to understand and regulate them. While some countries like the United States and El Salvador have had a public relationship with adopting new technologies, others have quietly joined the game. Among these is Latvia, a small country located in the Baltics, neighboring Estonia and Lithuania. Cointelegraph…
A new digital experience, The Cultureverse, launched today to commemorate the golden anniversary of hip-hop music, the result of a collaboration between retail giant Walmart and Web3 creative studio POCLab. Co-founded by Simone Berry and Akbar Hamid, the New York-based People of Crypto (POC) Lab launched in 2022, built around the ideals of representation, diversity, and inclusion. POCLab teamed up…
If you ask people if they think that companies that have been around for many decades (even more than a hundred years) versus a startup would have a better chance of making it through hard economic times like a recession, most people would say the older company has the edge. Likewise in the crypto sphere, the longer that Bitcoin, Ethereum…
Coinbase-incubated Base has overtaken Solana to become the ninth-largest blockchain by total value locked (TVL). According to DeFiLlama data, DeFi protocols on Base have amassed deposits totaling $370.50 million, in contrast to Solana’s $310.25 million. Among Ethereum layer-2 protocols, Base currently stands as the third-largest network in terms of the value bridged across its network, ranking behind only Arbitrum and…
This week, Cointelegraph reporter Joe Hall takes podcast listeners back to school — Bitcoin (BTC) school. On the latest episode of Decentralize with Cointelegraph, listeners can indulge in interview snippets, soundbites and pearls of wisdom from the likes of Blockstream CEO Adam Back and Tether chief technology officer Paolo Ardoino, as well as professionals in cybersecurity and from Chainalysis. Paolo Ardoino (left) in an…
The UK’s financial watchdog is expected to say it has found no evidence of people being “debanked” for their political views in a review of the issue due out later this week. The Financial Conduct Authority (FCA) will publish findings showing there were no cases where political views were the “primary” reason for the closure of a personal account, the…
Accounts monitoring blockchains for major mints, trades and token transfers have flagged a $1 billion authorization of USDT in Tether’s Treasury that is set to provide near term USDT liquidity for the Tron network. Blockchain tracker WhaleAlert highlighted the $1 billion authorisation on X (formerly Twitter), which drew a quick fire response from Tether CTO Paolo Ardoino who said that the…
The bankruptcy estate of FTX has taken legal action against Joseph Bankman and Barbara Fried, the parents of the collapsed crypto exchange’s founder Sam Bankman-Fried, aiming to recover “millions of dollars in fraudulently transferred and misappropriated funds” allegedly taken by the couple. Referring to the defendants as Bankman and Fried, respectively, the debtors of FTX and its affiliated entity, Alameda…
While the European Union has made significant progress toward regulating crypto by approving its comprehensive framework, Markets in Crypto Assets (MiCA), the need for global regulation still remains, according to one of the top executives of the German Federal Financial Supervisory Authority (BaFin). In a blog post on Sept 18, Rupert Schaefer, Executive Director of Strategy, Policy and Control at…
The Securities and Exchange Commission is licking its wounds after a judge denied its request to access the software powering Binance US, the American arm of the exchange. In a court hearing on Monday, the regulator had asked a federal magistrate judge to allow an inspection of Binance US’s technical infrastructure, and to force the company to share other requested…
