US Senate introduces bill seeking to regulate DeFi like traditional banks
The bill aims at ensuring DeFi protocol operating in the US imposes strict controls on their users. The controls proposed in the bill resemble those that apply to traditional banks.…
Nasdaq suspends the launch of its own cryptocurrency custody
Nasdaq had announced it will launch the crypto custody services before the end of Q2, 2023. The global securities marketplace has however suspended launching the services. Nasdaq has cited the…
Meta releases a free-of-charge AI challenging OpenAI and Google
OpenAI is the company behind ChatGPT while Google created Bard chatbots. Both ChatGPT and Bard chatbots are premium AI tools. Meta Platforms has released a free-of-charge version of its artificial…
Linea: A ZK Layer 2 by Consensys
What is Linea? Linea is a developer-ready Ethereum-equivalent zkEVM network that utilizes zero knowledge technology and rollups. It also features technology like quantum-resistant lattic...
Chancer underscores future of online betting with epic presale
Chancer presale sees strong investor interest with over $835k raised just weeks into the token sale. Chancer could disrupt the online betting industry via a revolutionary P2P betting model. Early…
Actor Ben McKenzie says crypto is like a ‘Ponzi scheme’
McKenzie says cryptocurrencies resemble an MLM scheme. He calls for the need to better regulate and license this market. Bitcoin is currently up a whopping 80% versus the start of…
Shinhan Bank, SCB TechX pilot cross-border stablecoin payments on the Hedera
Shinhan Bank and Siam Commercial Bank’s SCB TechX recorded real-time, low-cost remittances. The pilot on the Hedera network involved cross-border stablecoin payments using South Korean won (KRW), the Thai Baht…
United States SEC officially accepts Valkyrie Spot Bitcoin ETF application
The US SEC has been receiving Bitcoin ETF resubmissions after it rejected previous applications for inadequacy. Valkyrie Bitcoin Fund was the last company to submit a Bitcoin ETF application to…
Ripple invests in $54M round for AI-metaverse firm Futureverse
Ripple invested in the $54 million series A round for Futureverse. 10T Holdings led the funding round, which Futureverse says will go into scaling AI and metaverse technologies. Ripple has…
1inch price outlook as bulls give up XRP-fueled gains
1inch price is down 16% at the time of writing after paring all 24-hour gains from above $0.59. The 1INCH token saw massive 24-hour trading volume on Korean exchange Upbit.…