SYS Labs has announced the launch of Rollux Phase 2, a powerful suite of decentralized finance (DeFi) tools backed by Bitcoin and Syscoin. This development aims to enhance the performance and inclusivity of the Web3 ecosystem. Rollux Phase 2 introduces Rollux, an EVM Layer-2 solution that utilizes Bitcoin’s mining network to optimize Ethereum network applications. […]
Binance.US, the American branch of cryptocurrency giant Binance, is seeking permission to file sensitive documents under seal in response to the ongoing lawsuit by the U.S. Securities and Exchange Commission (SEC). The company argues that the SEC’s demands for document discovery and depositions are unreasonable. Filing under seal allows Binance.US to present confidential information in […]
SYS Labs, a Web3 product suite powered by Syscoin, has announced the next phase of Rollux, an innovative EVM Layer-2 solution. Rollux aims to optimize the performance of Ethereum network applications by harnessing the strength of Bitcoin. In its Phase 2 rollout, Rollux introduces a full suite of DeFi tools, including a ZK-lite client, cross-chain […]
U.S. cryptocurrency exchange Coinbase has stated that the majority of terrorist funding still relies on traditional financial systems, such as cash, rather than cryptocurrencies. This comes in response to claims that the crypto industry facilitates transactions for malicious players. While some crypto stakeholders have highlighted their efforts to combat the illegal use of crypto for […]
Standard Chartered is taking a step-by-step approach to expanding its services globally, starting in Dubai. The bank’s presence in Asia, Africa, and the Middle East allows it to offer services worldwide through the Dubai International Financial Centre. As long as there is jurisdictional equivalence and the necessary licenses, Standard Chartered will onboard clients from other […]
Charles Hoskinson, the CEO of Input Output Global and creator of Cardano (ADA), has highlighted the growing conflict between decentralized cryptocurrencies and Central Bank Digital Currencies (CBDCs). In an interview, Hoskinson argues that the real battle is not between different cryptocurrencies, but between the decentralized world of crypto and CBDCs.Hoskinson raises concerns about the potential […]
Jimmy Song, a prominent figure in the Bitcoin community, recently discussed various topics related to Bitcoin during the Bitcoin Conference 2023 in Amsterdam. He highlighted the skepticism surrounding government measures taken during the COVID-19 pandemic, such as the printing of fiat money, which has resulted in inflation. Song emphasized the importance of Bitcoin as an […]
Pro-XRP legal expert John Deaton has criticized the US Securities and Exchange Commission (SEC) for its lack of credibility. Deaton disagreed with the SEC’s statement that it is the best source of information about itself, citing the Commission’s confirmation bias and self-serving statements. He suggested that the SEC’s decision-making may be influenced by its own […]
American rapper Nelly’s Twitter account, Nellio X, has been hacked and used to lure crypto investors into phishing schemes. This comes as reports show a rise in crypto hack attacks, with over $700 million stolen in the third quarter of 2023 and nearly $700k lost in phishing schemes in the past 18 days. The hacker […]
ARK Invest CEO Cathie Wood believes that the U.S. Securities and Exchange Commission (SEC) is showing a change in attitude towards the firm’s application for a Bitcoin exchange-traded fund (ETF). Wood states that there has been a positive exchange of information between the SEC and ARK Invest’s ETF partner, 21Shares. The SEC has requested information […]
