UK Regulator Outlines Effective Compliance Strategies for Crypto Firms Previously, crypto firms around the world were unaccustomed to regulations. After new rules, they have have to undertake technological investments to meet compliance requirements. The FCA noted that it recognizes the industry’s challenges in navigating this new regulatory landscape, which includes the concurrent Travel Rule implementation....
While stocks remain the most popular asset class overall, cryptocurrencies have captured the imagination of the Swiss public, especially among younger generations. Millennials (28-43 y.o.) and Gen Z (18-27 y.o.) are driving the crypto trend in Switzerland, with 32% and 29%, respectively, having invested in digital currencies. Every fifth Austrian owns crypto Cryptocurrencies are also...
Large technology companies are actively exploring the metaverse. Facebook’s rebranding to Meta is the most prominent example. However, other significant moves include Microsoft’s proposed acquisition of Activision Blizzard, Nvidia’s Omniverse platform, Sony‘s PlayStation VR2 headset. We can also add Apple’s Vision Pro, a “mixed reality” headset, allowing support for both virtual and augmented reality (AR)...
On August 8, blockchain-based game developer Illuvium announced a strategic partnership with Samsung. The collaboration, set to debut at the upcoming Gamescom 2024 event, will see Illuvium featured at the Samsung booth to showcase the future of next-generation gaming. Bringing Illuvium to Samsung’s Web3 TVs According to an exclusive press release, the partnership signifies a...
Peckshield revealed a major security breach impacting the Ronin Network in a Tuesday X post, leading to the loss of 3,996 Ether tokens, valued at approximately $9.8 million. White Hat Hacker Speculation Surrounds Ronin Security Breach The breach was initially discovered by blockchain security firm Peckshield, that speculated in an August 6 X post that...
Core Scientific announced on August 6 an extension of its partnership with CoreWeave to deliver an additional 112 megawatts (MW) of high-performance computing (HPC) infrastructure. According to a press release shared with Cryptonews.com, CoreWeave has exercised its option to expand its contract with Core Scientific by 112 MW, bringing the total HPC infrastructure to 382...
Crypto critic Molly White and Public Citizen researcher Rick Claypool filed an amended complaint against Coinbase on August 1 for allegedly breaking campaign finance laws amid pushback from the crypto exchange’s Chief Legal Office Paul Grewal. Crypto Critic Molly White Amends Coinbase Campaign Finance Law Complaint According to the complaint, the crypto exchange donated over...
Ubisoft is teaming up with Arbitrum and Sequence to launch a new Web3 game based on the Netflix series Captain Laserhawk. According to an official announcement, the game titled Captain Laserhawk: the G.A.M.E. will expand the universe of the Captain Laserhawk: A Blood Dragon Remix series, featuring characters from popular franchises like Assassin’s Creed and...
Seoul’s Gangnam District says it will probe almost 2,000 residents to check if they have crypto holdings as part of a crackdown on tax evasion. Per Naeil Shinmun, officials in Gangnam announced on August 6 that they would “check for and seize cryptocurrencies such as Bitcoin (BTC).” Seoul: Gangnam Begins Crypto Tax Crackdown The district,...
The $230 million hack on Indian crypto exchange WazirX last month, has alerted CoinDCX to plan ahead in case of such security breach. CoinDCX, India’s leading crypto exchange, has established a $5.9 million fund for customer protection to compensate users during such events. Dubbed Crypto Investors Protection Fund (CIPF), the fund is designed to repay...