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Monthly Archives: May, 2023

Chinese city launches govt-backed metaverse platform

Nanjing City, the capital of Jiangsu Province in China, on May 22, inaugurated the China Blockchain Technology and Application Innovation Platform. This government-supported platform...

Coinbase continues effort to get mandamus for SEC response to rulemaking petition

Coinbase has filed a reply in support of its petition for a writ of mandamus to the United States Securities and Exchange Commission (SEC)...

Dollar holds its ground so far on the day

The dollar continues to keep steadier in trading today, although the ranges against some major currencies is leaving a lot to be desired. EUR/USD...

Dispersion Capital launches $40M venture fund to ‘bring Web3 to the masses’

Early-stage venture capital firm Dispersion Capital recently exited stealth to launch a $40 million fund for startups working on infrastructure for Web3 projects. Per an...

Ethereum price is pinned below $1.9K, and data suggests that is unlikely to change in the short–term

Ether’s price has been stuck below $1,920 for the past 16 days, which is especially concerning since the latest breakout attempt on May 6...

Minister attacks Meta boss over Facebook message encryption plan

Minister Tom Tugendhat criticises Mark Zuckerberg over Facebook's extension of message encryption. www.bbc.co.uk

Ledger key recovery service paused amid backlash, will open-source code

Hardware wallet company Ledger is postponing the launch of Ledger Recover following an intense week of criticism from the crypto community.In a May 23...

ETH can be a security and a commodity: Former CFTC commissioner

Ethereum’s native Ether (ETH) token may be both a commodity and a security, the former commissioner of the United States Commodities Futures Trading Commission...

Core Scientific moves for September bankruptcy exit, expects $46M boost

A restructuring plan for bankrupt Bitcoin (BTC) miner Core Scientific could be finalized by September and it expects to exit proceedings with an additional...

UK inflation rate eases but food prices stay high

The cost of groceries continued to surge at close to a 45-year high, fuelled by vegetables. www.bbc.co.uk

DeSantis Allies’ $200 Million Plan for Beating Trump

A key political group supporting Ron DeSantis’s presidential run is preparing a $100 million voter-outreach push so big it plans to knock on the...

Japan’s crypto Anti-Money Laundering measures to start in June: Report

Lawmakers in Japan have decided to enforce stricter Anti-Money Laundering (AML) measures to trace cryptocurrency transactions from June 1.On May 23, the Japanese parliament...

South Korea’s lead party wants crypto disclosure laws to apply earlier: Report

A new bill mandating South Korean lawmakers and high-ranking government officials to declare their cryptocurrency holdings is expected to take effect within the next...

AI deepfakes are getting better at spoofing KYC verification: Binance exec

Deepfake technology used by crypto fraudsters to bypass know-your-customer (KYC) verification on crypto exchanges such as Binance is only going to get more advanced,...

Pakistan aims to produce 1 million AI-trained IT graduates by 2027

Just days after announcing that cryptocurrencies will “never be legalized” in the country, Pakistan’s Ministry of IT & Telecom drafted a policy to spur...

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