Cabin, a digital-native coliving city project, has announced the launch of the first-ever network city, which aims to revolutionize its initiative by integrating crypto governance. The globally-distributed property is designed for remote workers and creators who love nature and seeks to provide an affordable and accessible alternative to traditional neighborhoods. The network city is a
Blockchain
China Central Television recently aired a segment on virtual assets that caught the attention of people worldwide. The brief segment featured bitcoin, nonfungible tokens, and announced the implementation of a mandatory licensing system for virtual asset trading platforms by Hong Kong’s Securities and Futures Commission starting June 1. Guidelines for Virtual Asset Trading Platforms As
The National Anti-corruption Bureau of Ukraine (NABU) has joined forces with the United States Embassy to explore the country’s cryptocurrency sector in a bid to expose money launderers. The NABU has declared that its efforts will be supported financially by the US State Department’s Bureau of International Narcotics and Law Enforcement Affairs. NABU’s Cryptocurrency Investigation
Republican Senator Tim Scott has formally announced his candidacy for the US presidency, joining a list of candidates that includes former President Donald Trump. Scott, who is South Carolina’s first Black senator and the ranking member of the Senate Banking Committee, has been an advocate for digital assets regulation and consumer protection. He aims to
BlockFi, the bankrupt cryptocurrency lender, has released a letter asking its creditors to disregard certain statements that were prematurely made earlier this month regarding the plan to reorganize. The letter was directed by the court. BlockFi has retracted the statements that were posted on its website, court docket, and Twitter, saying that they were made
Coinbase, a cryptocurrency exchange, is launching a new TV campaign in Washington DC this week to promote the future of cryptocurrency amid its ongoing fight with US regulators. The CEO of Coinbase, Brian Armstrong, stars in the almost two-minute-long video, in which he lays out the benefits of crypto and calls out its “naive view”.
South Korea’s Supreme Prosecutor’s Office is set to purchase new blockchain analytics software to aid in the fight against money laundering through cryptocurrencies. The software will be used to scrutinize overseas exchanges with the same level of scrutiny as domestic exchanges to catch and prevent laundering. New Tools for Cyber Investigations The Supreme Prosecutor’s Office
American fintech company Ripple has acquired Switzerland-based blockchain firm Metaco for $250 million. This marks Ripple’s entry into the asset tokenization field. The acquisition is expected to help Ripple expand its enterprise offerings, particularly in international markets. Ripple plans to provide customers with the technology to custody, issue, and settle any type of tokenized asset.
South Korea’s Justice Ministry has denied allegations that its officials hold cryptoassets. The media outlet Newsis had reported that Democratic Party MP Park Chan-dae had claimed that the Justice Minister Han Dong-hoon had “refused to disclose whether he owned cryptocurrency,” claiming that this information was “private and personal information.” The Ministry’s Response The Justice Ministry
Ripple, the blockchain-based payments platform, has appointed Warren Jenson as the new Chief Financial Officer (CFO) to its board of directors. Jenson, who is also the CFO of market researcher Nielsen, will lead Ripple’s audit committee and oversee the auditing process of Ripple’s operations. The announcement came in a press release by the crypto firm