Ripple CEO Brad Garlinghouse has criticized social media platforms and regulators for their slow response to a rise in sophisticated XRP-related scams. The company’s frustration is due to a recent deepfake video featuring a highly realistic AI version of Garlinghouse promising airdrops and doubling investors’ XRP holdings.The deepfake video, promoted as an ad on a […]
BitGo, a crypto custody business, has received in-principle approval from the Monetary Authority of Singapore (MAS) for a Major Payment Institution (MPI) license. This approval allows BitGo to operate and provide digital payment token services to clients in Singapore while awaiting a full permit.According to the MAS, MPI-licensed firms can conduct payment services without being […]
The gaming industry is poised for a significant transformation in 2024, with blockchain games becoming the main focus. Metacade, a key player in this revolution, has announced partnerships that are shaping a unified platform for gamers, developers, and investors. The company has outlined its roadmap for 2024, which includes substantial upgrades to its main platform, […]
Asset management firm Icosa has commenced operations, with a primary focus on investments in catastrophe bonds. Icosa, based in the canton of Schwyz, has recently launched. In its initial phase, the financial company has established a UCITS strategy in partnership with MRB Fund Partners, providing access to investments in catastrophe bonds. These ‘Cat Bonds’ allow […]
The DeFi community is showing interest in a new project, NuggetRush, which is a mining adventure game. NuggetRush introduces professional entrepreneurs and artisanal miners in the form of NFTs, which are key to building successful mining operations. Players can earn rewards in a variety of ways, including participating in competitions and fights, as well as […]
Sehra emphasizes the importance of integrating compliance into the decentralized infrastructure. He argues that it’s not merely about incorporating Know Your Customer (KYC) and Anti-Money Laundering (AML) measures through a simple flag indicating if a user is whitelisted. Instead, the process requires a more nuanced approach.Several factors need to be considered to match the right […]
Turkey’s Minister of Treasury and Finance, Mehmet Şimşek, has unveiled some details of the forthcoming cryptocurrency regulation in the country. The government plans to provide legal definitions to key concepts in cryptocurrency, adhere to the Financial Action Task Force (FATF) standards, and license trading platforms.On January 10, Şimşek confirmed to the Anadolu Agency that the […]
PayPal’s PYUSD stablecoin, trailing behind more established stablecoins such as USDT and USDC, is turning to DeFi to boost its liquidity. In December, PYUSD activated the Curve automated market maker and is now seeking deployment on Aave.PayPal’s entry into the stablecoin ecosystem with PYUSD generated significant buzz as it marked the first time a major […]
The U.S. Securities and Exchange Commission (SEC) is currently under the microscope of Congress following a security breach of its social media account. The incident has raised questions about the robustness of the SEC’s security protocols.The breach was reported by social media platform X, which revealed that the SEC’s account was compromised due to a […]
Shiba Inu’s lead developer, Shytoshi Kusama, has hinted at significant progress in the project’s ambitions. Kusama’s statements, shared on X (formerly Twitter), provide insights into the strategic direction of Shiba Inu and its integration with broader internet infrastructure.Alluding to the fake spot Bitcoin ETF approval news, Kusama stated, “Hey, SHIBARMY! While everyone is focused on […]
