News

Zero-Knowledge WaaS a Prospective Standard Configuration for Web3 Application-Layer Products — Pengyu Wang

October 26, 2023 0

According to Pengyu Wang, the founder of Particle Network, developer solutions known as zero-knowledge wallet-as-a-service (ZK-WaaS) embody Web3 principles and “are highly performant” which in turn makes them “an evergreen solution that will become the industry standard.” Wang also points to

News

Galaxy Expects Spot Bitcoin ETF to Push BTC Up by 74% in First Year

October 26, 2023 0

A spot-based bitcoin exchange-traded fund (ETF) would attract significant capital and boost the price of BTC by 74% in the first year after launch, according to Galaxy Digital. The estimate comes amid rising anticipation that the U.S. securities regulator will approve one or more of the proposals that are currently under review. Galaxy Digital Sees […]

News

Nigeria Plans to Include Fintechs in Broadened Official Currency Market

October 26, 2023 0

A Nigerian official recently said the foreign exchange-starved country plans to include “legitimate” market participants like bureaux de change and financial technology companies in the official forex currency market. Finance Minister Wale Edun also said the country will receive $10 billion in inflows in the next few weeks. Nigeria Contemplates Outlawing Forex Parallel

News

California Enacts Digital Financial Assets Law

October 26, 2023 0

On October 13, 2023, California enacted the Digital Financial Assets law. This law is California’s first comprehensive framework for regulation of digital asset markets, and some of its provisions may sound familiar to those versed in the state’s money transmitter licensing requirements. Under this new law, on and after July 2025, crypto companies and everyone […]

News

Ex-FTX Chief’s Defense Team Challenges FBI Interviews, Raises Questions About Witness Credibility

October 26, 2023 0

On Wednesday, the defense team for the former FTX CEO Sam Bankman-Fried issued a letter to the judge seeking to question two FBI agents who interviewed Gary Wang, former chief technology officer of FTX, and Nishad Singh, former director of engineering at FTX. Lawyers allege the witnesses provided “inconsistent statements” that don’t match their original […]

News

Elon Musk, Vivek Ramaswamy Warn of Increasing World War III Risk — ‘The US as We Know It Will Cease to Exist’

October 26, 2023 0

Tesla CEO Elon Musk and U.S. presidential candidate Vivek Ramaswamy have cautioned about the increasing risk of World War III erupting. “I think we are sleepwalking our way into World War III,” Musk said. Ramaswamy warned: “If we enter a major conflict, anything resembling World War III against a Russia-China alliance with potentially Iran and/or […]

News

Binance Blasts CFTC for Trying to Be World’s Derivatives Police, Seeks to Dismiss Lawsuit

October 26, 2023 0

Binance has submitted a new motion to dismiss the lawsuit filed by the U.S. Commodity Futures Trading Commission (CFTC) against it. The leading cryptocurrency exchange urges the court to reject the agency’s attempt to expand its territorial reach beyond the United States. Binance Accuses CFTC of Using U.S. Lawsuit as a ‘Trojan Horse’ to Gain […]

News

Bitmain Unveils New T21 Bitcoin Miner; Offers BTC Fluctuation Protection Plan

October 26, 2023 0

On Wednesday, the bitcoin mining rig manufacturer Bitmain announced the introduction of a new air-cooled BTC miner, the T21 Antminer. The new device boasts a production capacity of up to 190 terahash per second (TH/s) and maintains an efficiency ratio of approximately 19 joules per terahash (J/T). Bitmain Debuts T21 Antminer After the recent unveiling […]

News

JPMorgan CEO Jamie Dimon Sees Nuclear Proliferation as ‘Most Serious Thing Facing Mankind’

October 26, 2023 0

JPMorgan Chase CEO Jamie Dimon has identified nuclear proliferation as “the most serious thing facing mankind.” According to the United Nations, “the risk of a nuclear weapon being used is currently higher than at any time since the depths of the Cold War.” Dimon also pointed out that “central banks 18 months ago were 100% […]

News

FTX Debtors Evaluate Bids for Dormant Crypto Exchange’s Revival

October 25, 2023 0

Insiders reveal that FTX creditors are sifting through bids from various entities eager to breathe life into the dormant crypto exchange. The company’s investment banker highlighted that FTX interacts with “multiple parties every day.” FTX Creditors Sift Through Offers for Exchange’s Possible Reawakening Throughout the year, whispers of FTX’s potential revival have