European regulators, specifically the French National Commission on Informatics and Liberty (CNIL) and the Bavarian state authority in Germany, have expressed legal concerns regarding Worldcoin’s data collection methods. These concerns primarily revolve around the legality and storage conditions of biometric data. Worldcoin, co-founded by Sam Altman of OpenAI, launched on June 24 with a bold
Blockchain
A recent report by The New York Times has revealed that US Republican Congressman George Santos attempted to set up a cryptocurrency-related investment deal with a donor during his campaign for Congress in 2020. The scheme, however, did not succeed, and Santos’ questionable past makes this revelation even more significant. The Crypto Investment Scheme During
Presidential candidate Robert F. Kennedy Jr. (RFK Jr.) has come forward to defend Bitcoin against criticisms regarding its environmental impact. He argues that opponents are using environmental concerns as a smokescreen to limit financial freedom. In response to a recent Twitter thread by Sangha Systems director Daniel Feldman, RFK Jr. acknowledged the potential benefits of
The recent announcement of FTX’s revival plans has been met with skepticism from industry insiders. Jesse Powell, co-founder of Kraken, raised concerns about the feasibility of FTX 2.0’s aspirations. Powell took to Twitter to question the viability of reviving the defunct exchange, highlighting various challenges that could impede its resurrection. He expressed doubts about the
Binance recently released its comprehensive “Half-Year Report 2023 July 2023,” providing valuable insights into the current state of the cryptocurrency market. This report highlights the resilience of the crypto industry, showcasing positive growth in market capitalization on a quarterly, half-yearly, and annual basis, despite facing challenges in the first half of the year. Institutional interest
Charlie Shrem, the founder of the now-defunct Bitcoin exchange Bitshrem, has transitioned from his troubled past to become a voice for regulatory compliance in the cryptocurrency industry. After being imprisoned eight years ago for crypto violations, Shrem has emerged as a general partner at Druid Ventures, an early-stage crypto venture capital firm that offers growth
Binance Labs, the venture capital arm of cryptocurrency exchange Binance, has recently invested $10 million in Radiant Capital, a platform that provides liquidity and borrowing services for cross-chain assets. The funding will support the development of new technologies and products by Radiant, specifically focused on oracle support, collateral expansion, Ethereum mainnet deployment, cross-chain liquidations, and
Vaulting platform Americana, in collaboration with the popular OpenSea NFT marketplace, has introduced its concierge vaulting service, allowing collectors to securely store, showcase, and sell both physical and digital assets. Recently, on July 21, Americana announced the public launch of its vaulting platform. According to the platform’s website, applications are now being accepted, and users
The decision by Nasdaq to shelve its plans for a crypto custody service has caused other US firms to reassess their own strategies in the crypto space. Citigroup, a major investment bank, is now reviewing its partnership with Swiss crypto custody software provider Metaco, following the news from Nasdaq. Additionally, State Street, a prominent US
According to Jesse Pollak, the protocols lead at Coinbase, the number of crypto and blockchain users could reach a staggering 8 billion over the next ten years. Speaking at the EthCC conference in Paris, Pollak acknowledged that while there has been rapid growth in crypto adoption in recent years, there is still a vast untapped