Industry Talk

July 18, 2024

Nigeria Reviews Blockchain Policy to Lead African Blockchain Development


Nigeria has launched a complete review of its blockchain technology policy to solidify its African blockchain development leader position. The Steering Committee, led by Chairman Chimesie Chuta, began this critical review on July 17, 2024, marking a vital step in the country’s transition to a blockchain-driven future. Chuta announced revising Nigeria’s blockchain technology policy on […]

Industry Talk

July 17, 2024

Cambodian Firm Linked to North Korean Crypto Scams: $305M DMM Hack


According to new revelations, more than $35 million from the $305 million theft of the Japanese cryptocurrency exchange DMM Bitcoin was tracked back to Huione Guarantee, a Cambodian corporation. The breach, alleged to be carried out by North Korea’s Lazarus Group, has shed light on hackers’ elaborate and methodical laundering procedures.  The DMM Bitcoin breach […]

Industry Talk

July 16, 2024

Postponement of Crypto Taxation in South Korea


The South Korean government has once again postponed the implementation of cryptocurrency taxation, pushing the commencement date to January 2028. This decision underscores persistent concerns about market stability and investor dissatisfaction as authorities develop a tax structure that balances legal requirements and the vitality of the cryptocurrency sector. The postponement is a response to market […]

Industry Talk

July 12, 2024

BitMEX’s AML Violations: Executives Under Legal Scrutiny


BitMEX, a well-known cryptocurrency exchange, has acknowledged violating US Anti-Money Laundering (AML) and Know-Your-Customer (KYC) requirements in Manhattan Federal Court. This disclosure is a significant milestone in the continuing legal disputes between the exchange and its officials. The case emphasises the vital need for cryptocurrency companies operating in the US to comply with banking regulations. […]

Industry Talk

July 9, 2024

Taiwan’s Central Bank Embarks on CBDC Trials


Taiwan’s Central Bank is developing digital currency activities, particularly in creating a Central Bank Digital Currency (CBDC). President Yang Chin-long has emphasised a systematic approach to ensuring long-term progress rather than a quick start. This strategic step involves investigating the use of special-purpose tokens in government bids to improve openness and efficiency. A prototype platform […]

Industry Talk

June 13, 2024

Chainalysis Triumphs Over $80 Million Lawsuit in Court Victory


Chainalysis, a renowned blockchain analysis firm, recently won a $80 million lawsuit from a former employee. The Manhattan Supreme Court dismissed allegations that the business breached an oral agreement over stock options. The court’s judgement, which emphasised the value of written agreements in contractual disputes, strengthens Chainalysis’s legal standing while underscoring the importance of formal […]

altcoins

Industry Talk

June 10, 2024

$215 Million Boost: ARB Foundation’s Big Bet on Gaming Innovation through Arbitrum


The ARB Foundation has approved a $215 million funding campaign to support gaming companies on the Ethereum rollup-based Layer 2 network, Arbitrum. The issue of 225 million ARB tokens will power the newly created Gaming Catalyst Programme (GCP), supporting growth within the thriving developer and player ecosystem. This intelligent step will likely strengthen Arbitrum’s position […]

Industry Talk

June 5, 2024

Apu Apustaja Memecoin’s Bold NYC Campaign


Phoenix, USA, June 4, 2024, Chainwire—In a stunning exhibition of digital creativity, Apu Apustaja Memecoin has come to the streets of New York City, launching an ambitious billboard campaign that embodies the lively character of this budding cryptocurrency. These billboards, featuring the iconic frog from the meme that spawned it, have been deliberately placed in […]

Industry Talk

June 3, 2024

Matter Labs Halts ‘ZK’ Trademark Amid Community Backlash


Matter Labs, the main force behind the zkSync protocol, has just withdrawn its disputed efforts to trademark the term “ZK”. This decision came after a strong outcry from the zero-knowledge-proof research community and other blockchain enthusiasts. Pioneers like Shafi Goldwasser and Silvio Micali expressed alarm, arguing that “ZK” should remain an open and accessible resource. […]

Industry Talk

May 28, 2024

The Sandbox DAO & Community Governance


The Sandbox, a decentralised gaming platform, has made a massive step towards community empowerment by launching The Sandbox DAO. This decentralised autonomous organisation (DAO) seeks to give the game’s users, who own its native currency, SAND, and LAND non-fungible tokens (NFTs), the capacity to influence platform development and management. By allowing users to vote on […]

Industry Talk

May 22, 2024

Genesis Crypto Lender Reaches $2 Billion Settlement


Genesis Global, an insolvent cryptocurrency lender, has reached a landmark $2 billion settlement with the New York Attorney General. This historic settlement seeks to reimburse investors duped by the Gemini Earn programme, benefiting at least 29,000 New Yorkers who lost more than $1.1 billion. Attorney General Letitia James underlined the importance of this settlement as […]

Industry Talk

May 20, 2024

CME’s Rumoured Spot Bitcoin Plans Impact Coinbase Shares


Rumours that the Chicago Mercantile Exchange (CME) plans to offer spot Bitcoin trading to its clients have substantially impacted Coinbase’s share price. The CME, a global leader in derivatives trading and clearing, is responding to traders’ requests for a regulated platform to trade Bitcoin. Following the announcement, Coinbase shares plunged roughly 8%, indicating market fears […]

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