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Category: Tech
Live Tech News Updates.
FATF calls for better implementation of its digital asset guidance to combat financial crimes
The Financial Action Task Force (FATF), an intergovernmental anti-money laundering (AML) and counter-terrorist financing (CTF) organization, lamented a poor uptake of its digital asset guidance and ap...
“Everyone Saying Binance Is Invincible Probably Said The Same About FTX,” States Avorak Team
It’s no secret that the crypto market is highly volatile, and crashes can occur anytime. Whether it’s a stablecoin, a company, or an exchange, any entity within the crypto industry is bound to fail un...
BlockFi Faces Dissolution As Creditors Accuse CEO Of Fraud And Mischief
Key Points: Creditors of BlockFi file a petition to dissolve the company, accusing management of fraud and mischief. The bankruptcy crypto lender was accused of delaying lawsuits to negotiate legal re...
Bankrupt Voyager Digital To Pay $1.1 Million In Legal Fees To Kirkland & Ellis For April Services
In the turbulent world of crypto, even well-established players face hard times. Voyager Digital, a once-thriving cryptocurrency brokerage, now facing bankruptcy, is set to pay over $1 million for leg...
FTX Suspends Sale of $500M Stake in Anthropic
The people familiar with the matter noted that interested buyers in the Anthropic stake signed non-disclosure agreements before the announcement that FTX was pausing the sale. Bankrupt crypto exchange...
EU finalizes controversial smart contract kill switch rules under Data Act
European Union (EU) lawmakers have reached an agreement to move ahead with the controversial European Data Act, which has previously drawn criticism from the crypto community. The deal was confirmed b...
KuCoin Strengthens Security and Compliance with Mandatory KYC Upgrade
KuCoin will enforce mandatory KYC authentication rules starting from July 15, 2023. Newly registered users must complete the KYC process to access KuCoin products. Non-KYC users registered before July...
Prime Trust accused of using customer funds to cover lost deposits
Troubled cryptocurrency trust Prime Trust has been accused of using customer funds and venture capital to cover lost deposits, according to court documents filed by Nevada’s Financial Institutions Div...
zkSync launches zkStack as foundation for Zero Knowledge development
In a significant step forward for the development of Zero-Knowledge (ZK) technology, an innovative field pertaining to privacy and security in digital transactions, zkSync has announced the launch of ...
Swiss National Bank introduces CBDC pilot
The Swiss National Bank (SNB) will pilot a wholesale CBDC on the Swiss SIX digital exchange. It was announced by the chairman of the SNB at a conference on Monday that the central bank will pilot a wh...
TUSD Depegs Due to Controversial Auditor
The stablecoin TrueUSD (TUSD) has yet again surrounded itself with controversy resulting in a depeg on the Binance.US exchange. Ironically, stablecoins often make headlines for not being stable. Now T...
EDX Markets Withdraws Plans to Use Paxos as Custodian (Report)
The recently-launched cryptocurrency exchange EDX Markets will reportedly not rely on Paxos to serve as a custodian. According to rumors, the entity is in final talks with Anchorage Digital, which cou...
TUSD Depeg Due To TrueUSD Reserves Audited By FTX.US Collapsed
Key Points: TrueUSD’s Reserve Certificate has been audited by the former FTX.US accounting team. The Network Firm, formerly known as Armanino and worked with Sam Bankman-Fried (SBF) for FTX.US to perf...
WebX Conference Welcomes Distinguished Guests: Japan PM, Yuga Labs CEO, Kabosu (Doge), Desdemona (AI Robot)
WebX, Asia’s leading Web3 conference (July 25-26), is thrilled to announce the participation of more esteemed guests at this year’s event: Japan prime minister Fumio Kishida, Yuga Labs CEO Daniel Aleg...
Stellar (XLM) Records 300% Spike In Daily Trade Volume Amid Bullish Sentiments
The Stellar XLM market recorded a sharp uptick in daily traded volume on Wednesday amid the macro crypto downturns. The veteran crypto asset gained more than 30 percent in the past two weeks to trade ...
GBTC charges forward, 33% discount marks narrowest gap in over a year
Quick Take The Grayscale Bitcoin Trust (GBTC) discount to NAV continues its contraction, currently standing at -33%. This represents the narrowest it has been for over a year, reflecting a potentially...
European Commission Publishes EU Digital Euro Bill Featuring Privacy Controls, Offline Guarantee
“A digital euro would also enhance the integrity and safety of the European payment system at a time when growing geopolitical tensions make us more vulnerable to attacks to our critical infrastructur...
Prometheum: SEC License in Hand, Business Model in Question
When Aaron Kaplan, co-CEO of Prometheum, stepped onto the stage in Congress, few within the crypto realm knew his name. His statement, proclaiming the SEC’s legal regime for digital assets as effectiv...
Peter Thiel’s Valar Ventures Leads $33M Round for One Trading
Austria-based One Trading, the digital asset exchange formerly known as Bitpanda Pro, has announced a successful €30 million (roughly $33 million) funding round as it separates entirely from Bitpanda....
Sony Invests $3.5M In Infrastructure Startup Startale Labs To Drive Web3 Development
Key Points: Sony Network Communications has invested $3.5 million in Startale Labs to accelerate the development of Web3 services and products. The collaboration aims to create all-in-one Web3 develop...
XRP Sees Mild Capitulation Amid Profit-Taking, Santiment Suggests Potential Rally
Crypto markets are navigating through fluctuating terrains as the week commences, with the bulk of attention currently placed on Ripple’s digital asset, XRP. According to crypto market intelligence pl...
ADA Could Drop to $0.22 in the Next Few Days, Predicts Analyst
The crypto trader and analyst Dan Gambardello highlighted in a tweet this morning that Cardano (ADA) was able to remain in the top 10 list of the biggest crypto projects despite Robinhood selling off ...
Stellar spikes 12% to hit 70-day high, outperforming top 100 coins
Stellar (XLM) led the top 100 coins going into June 28, holding on to 9% gains over the last 24 hours as of press time. The chart below shows the price of Stellar rode the buoyant market uptrend due t...
Uwerx Presale’s Potential Benefits – The Cryptonomist
SPONSORED POST* As Cardano (ADA) faces declining interest and a challenging market, investors seek alternative opportunities with more significant potential. Let’s explore the rise of Uwerx as a compe...
DWF Labs Goes All-In On Conflux With $28M Investment Boost
Key Points: DWF Labs invests $28M in blockchain platform Conflux, demonstrating confidence in its vision and potential for growth. Conflux offers enhanced efficiency and speed, making it attractive fo...
TRON Is Shaky As It Risks A Decline In The Overbought Region
Jun 28, 2023 at 06:54 // Price Cryptocurrency analysts of Coinidol.com report, the price of TRON (TRX) has been in an uptrend since June 20. TRON price long term forecast: bullish The price of the cry...
Shiba Inu’s “SHIB Army” Active In Avorak AI Community
Shiba Inu, the coin, named after a Japanese dog breed, has been embraced by a passionate community known as the “SHIB Army.” Recently, this community has shown significant interest in the Avorak AI pl...
TrueUSD Breaks Peg on Binance.US, Plunges to 80 Cents Against Tether
The dollar-pegged stablecoin TrueUSD (TUSD) is currently trading at a lower value compared to its counterpart tether (USDT) on Binance.US, the U.S. subsidiary of Binance. Data from the charting platfo...
30 Million MAV Tokens To Claim
Key Points: Eligible users can claim 30,000,000 MAV tokens starting June 28th, 2023. The program incentivizes users based on liquidity providing, contributor roles, and more. According to the official...
LTC Price Analysis : Litecoin Price Likely to Break $100 Barrier Before August Halving
The Litecoin (LTC) market remains one of the top-traded altcoins in the market with a 24-hour volume of about $756 million. Additionally, Litecoin’s open interest in the past 24 hours totaled a whoppi...
Japan Leading Financial Giant SBI Group to Start Trading Shiba Inu
SBI Group, a prominent financial services giant in Japan, has announced plans to start trading Shiba Inu (SHIB) through its crypto asset platform SBI VC Trade. Japan’s financial giant, SBI Group, has ...