Solana (SOL) has the potential to become the crypto world’s equivalent of tech giant Apple due to its strong focus on user experience, according to Solana co-founder Raj Gokal. In a recent interview with TechCrunch, Gokal compared Solana to Apple, stating that the Mac and iPhone maker’s “relentless focus on simple interaction” is something Solana
Blockchain
The US Securities and Exchange Commission (SEC) has announced that former Coinbase manager Ishan Wahi and his brother Nikhil Wahi have agreed to settle insider trading charges. The SEC filed a complaint against the brothers in July, alleging that Ishan Wahi provided insider information to his brother and his friend Sameer Ramani about which cryptocurrencies
Jimbos Protocol, an Arbitrum-based protocol, has sought assistance from security researchers and on-chain analysts following a hack. The protocol was targeted by an exploiter who used a loophole in the code to carry out a flash loan. The hack resulted in the loss of funds worth some ETH 4,048, or about $7.5 million, which were
The Russian government has decided not to pursue its plans of creating a national cryptocurrency exchange. Instead, the government will focus on drafting rules for multiple crypto exchanges. This news was reported by a local news site, which cited Anatoly Aksakov, a member of one of the chambers of the Russian parliament, as the source
The Bank of Japan has launched a pilot program for its central bank digital currency (CBDC), according to a report released by the bank. The pilot program began in April 2023 and is designed to test the end-to-end process flow, explore potential challenges for connection with external systems, and develop solutions indicated as necessary in
Microsoft President Brad Smith has called for the government to take a more active role in controlling the development of artificial intelligence (AI). Speaking at a panel discussion in Washington, Smith stated that AI may be the most consequential technological change in our lifetime and that the government needs to move faster to stay on
The European Union’s financial markets regulator, the European Securities and Markets Authority (ESMA), has released an investor protection statement warning investment firms to ensure clients are aware of the regulatory status of the products they offer, including cryptocurrency. ESMA is concerned about investment firms that offer unregulated products and services in the EU. Regulatory Status
Nike’s web3 platform, .SWOOSH, has reportedly generated over $1 million in sales from its first sneaker-themed non-fungible token (NFT) collection. The success of the sales suggests that the demand for well-designed shoes in the metaverse is high, despite some initial technical difficulties and delays. The .SWOOSH platform was launched in November 2022, with the aim
US Senator Cynthia Lummis has criticized President Biden’s proposed tax on cryptocurrency miners, calling it a “blatant attempt by the administration to pick winners and losers.” The Wyoming Republican accused the administration of attempting to tax the digital asset industry out of existence. She also spoke out against the proposal at the Bitcoin 2023 conference
Binance, the world’s largest cryptocurrency exchange, has reportedly mixed its customer funds with company revenues in the United States. According to a Reuters report, this practice has occurred regularly in bank accounts held by the exchange at the now-defunct crypto-friendly bank Silvergate. The report cited an individual who was privy to Binance’s group finances. Violation