As the chill of the crypto winter begins to thaw, a wave of curiosity is sweeping over those who’ve previously eyed the market with caution. The burgeoning world of cryptocurrency, once shrouded in a veil of uncertainty, now beckons with the promise of potential. What does it hold for those daring enough to venture into this dynamic yet risky sector?…
As the chill of the crypto winter begins to thaw, a wave of curiosity is sweeping over those who’ve previously eyed the market with caution. The burgeoning world of cryptocurrency, once shrouded in a veil of uncertainty, now beckons with the promise of potential. What does it hold for those daring enough to venture into this dynamic yet risky sector?…
The Official Committee of Unsecured Creditors has written a reply to the FTX 2.0 Customer Ad Hoc Committee, providing insights into the details of its proposed amended reorganization plan. Scheduled for mid-December, this event is expected to reshape the fate of unsecured creditors. As its bankruptcy proceedings progress, shuttered exchange FTX is preparing to present an updated reorganization plan to…
As Bitcoin (BTC) soared past the $40,000 mark and brought the total crypto market capitalization to $1 trillion, Web3 firms have started to roll out grants to support the development of the blockchain ecosystem. On Dec. 6, the Worldcoin Foundation, the organization behind the popular Worldcoin (WLD) project backed by OpenAI CEO Sam Altman, announced a $5 million community grants program…
One of the first cross-border payment platforms in Russia has officially announced its launch and says it will be facilitating local legal entities to process international settlements in cryptocurrency. Exved, a local digital settlement platform — which describes itself as a “digital counterparty search system” — announced the launch on Dec. 7, stating that Russian importers and exporters can now…
Polygon co-founder Jordi Baylina says 2024 will see the amalgamation of Polygon’s various Ethereum layer 2 scaling networks to complete its “Polygon 2.0” cross-chain coordination protocol. Speaking exclusively to Cointelegraph, Baylina said next year will be a litmus test to see how the Polygon ecosystem’s various networks can scale and integrate through the implementation of zero-knowledge proofs (ZK-proofs): “2024 is…
Trading platform Robinhood is launching its crypto app in the EU, with a Bitcoin rewards program that will see customers earn a percentage of their trading volume back each month in BTC. According to a blog post announcing the news, the Robinhood Crypto will roll out to “all eligible customers in the European Union” alongside a rewards program based on…
Trading and brokerage firm Robinhood announced the launch of its crypto services for all eligible European Union customers on 7 December. The platform will allow traders to buy and sell more than 25 cryptocurrencies. Robinhood’s entry into the European crypto market comes just a week after the firm launched its stock trading application in the United Kingdom. Cointelegraph contacted Oliver…
The surge in generative AI development has prompted governments globally to rush toward regulating this emerging technology. The trend matches the European Union’s efforts to implement the world’s first set of comprehensive rules for artificial intelligence. The artificial intelligence (AI) Act of the 27-nation bloc is recognized as an innovative set of regulations. After much delay, reports indicate that negotiators agreed…
The U.K.’s Financial Conduct Authority (FCA) has added crypto exchange Poloniex to its warning list of non-authorized companies. The Seychelles-based exchange is one of the three companies owned by or related to entrepreneur Justin Sun, that have cumulatively suffered four hacks in the last two months. The warning to Poloniex was published on the FCA’s website on Dec. 6. It…
