The payments industry has experienced substantial growth over the last five decades, making it one of the largest and fastest-growing sectors globally. Despite this growth, the sector still relies on outdated 50-year-old technology rails that are becoming increasingly inefficient over time. According to a report by Binance Research, leveraging blockchains, distributed ledger technology (DLT), and
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Recently, Peter Diamandis, the founder of X Prize and Singularity University, posed an intriguing question to his 262K+ followers on X. He asked whether Bitcoin, the well-known cryptocurrency, will ever need a bailout. This question sparked a lively discussion among participants, with many providing insightful perspectives on the matter. One responder highlighted the fact that
In a groundbreaking development, a London resident named Habibur Rahman has been charged with operating a Bitcoin ATM without proper registration. This marks the first instance in the UK where such charges have been brought before the courts. The 37-year-old was arrested following a raid at a gadget shop in Chatham by Kent Police. Moreover,
John is a dedicated writer and enthusiast in the ever-evolving world of cryptocurrency. Despite not initially choosing the digital asset industry, he has become deeply engrossed in it for over two years. His passion lies in unraveling the complexities of blockchain technology and sharing insights on the latest trends in the cryptocurrency realm. John’s day
The recent Wells notice issued by the U.S. SEC to OpenSea has brought to light the potential implications of digital-asset regulation. The SEC is raising concerns that certain NFTs traded on the platform may be classified as unregistered securities, implying that OpenSea itself could be in violation of securities laws. This development has raised questions
Ryan Salame, a former FTX executive, recently withdrew his petition to dismiss the indictment against Michelle Bond just days before a critical court hearing. Salame was sentenced to 90 months in prison in May 2024 for conspiracy charges. Bond, a former congressional candidate, was accused of conspiring with Salame to unlawfully finance her 2022 campaign.
Congressman Wiley Nickel (D-NC) has recently taken a firm stance against the US Securities and Exchange Commission (SEC), accusing the agency of eroding trust in the regulatory system with its “regulation by enforcement” approach. His criticism highlights the detrimental impact of the SEC’s methods on digital innovation in the United States. Nickel’s vocal support for
In a recent announcement, Takeru Saito, Japan’s Minister of Economy, Trade, and Industry, unveiled tax reforms aimed at fostering the growth of startups in the Web3 and blockchain sectors. This move signals Japan’s commitment to supporting Web3 innovation and creating a conducive environment for technological advancements. The reforms were introduced during the WebX Conference, Tokyo’s
NFL Rivals, the popular mobile game licensed by the National Football League (NFL) and the NFL Players Association, has recently formed an exciting new partnership with the Kansas City Chiefs, the reigning champions of Super Bowl LVIII. This collaboration marks a significant milestone for NFL Rivals as it enters its second year and establishes itself
Crypto.com, a well-known cryptocurrency exchange based in Singapore, has recently announced a partnership with Standard Chartered, a multinational banking institution. This partnership aims to offer fiat services to retail users worldwide. By leveraging Standard Chartered’s banking and payment solutions, Crypto.com will enable users to make deposits and withdrawals in the United States dollar (USD), the