Lennix Lai, the global chief commercial officer at crypto exchange OKX, recently spoke with Cointelegraph at the Blockchain Economy Summit in Dubai. He discussed the differences between working in traditional finance and crypto, how OKX handled the wave of exchanges implementing mandatory Know Your Customer (KYC) checks, and how the exchange navigates the rapidly changing […]
Hong Kong is making progress in allowing individual investors to trade cryptocurrencies, but retail stablecoin trading is not yet allowed. Christian Hui, the Secretary for Financial Services and the Treasury, recently stated that Hong Kong has not adopted regulations for stablecoins like Tether USDT and USD Coin USDC, meaning retail investors are not allowed to […]
Wire Network, an emerging leader in blockchain technology, has released the alpha version of its decentralized MegaMask wallet. This wallet allows users to send, receive, and buy cryptocurrency on Wire Network, Polygon, and Ethereum, while also introducing a host of social features, including cryptographically secure chat messaging, group chats, and personalized user profiles. The wallet […]
The crypto community has rallied behind $REPO, a cryptocurrency that has demonstrated unwavering commitment from its developers. This trust has been rewarded with a valuation of $2 million within hours of its launch. Rumors circulate about the team’s extensive experience and affiliations with some of the juggernauts in both the big tech and Web3 sectors. […]
Burnt, a Web3 foundry, has announced the public launch of its testnet for XION, the first layer-1 blockchain built for consumer adoption. The Company has also received a prior strategic investment from Circle Ventures, the venture capital arm of Circle, a global financial technology firm and issuer of USDC. XION is designed to revamp the […]
Bad Idea AI ($BAD) is set to be listed on Lbank’s Innovation Zone, with the trading pair BAD/USDT. The listing will go live at 08:00 on October 7, 2023 (UTC). Bad Idea AI is a decentralized experiment that combines AI technology, Blockchain, and Decentralized Autonomous Organizations (DAOs). It is an effort to explore the dynamics […]
Tiamonds, a leader in the tokenization of Real-World Assets (RWAs), has unveiled its latest offering: a collection of 10 exquisite diamonds. Each tokenized diamond is backed by a real-world physical diamond, and the collection is highlighted by a 10 Carat diamond valued at $1.2 million. Comparable stones of similar characteristics are listed on various e-commerce […]
Yedidia was called to testify about a bug in FTX’s accounting software that caused it to overstate the amount of money Alameda Research owed exchange customers by $8 billion. This was a big problem, as customers had wired their money to the trading firm and then got credited in their FTX account. The arrangement was […]
Crypto money laundering is on the rise, with a staggering $7 billion in suspicious or high-risk funds already laundered through cross-chain and cross-asset platforms. The use of decentralized exchanges (DEXs), cross-chain bridges, and coin swap services has become increasingly prevalent, with the Lazarus Group being the third-largest contributor to the burgeoning cross-chain crime landscape.Data presented […]
The United Kingdom has an opportunity to capitalize on the departure of Web3 firms from the United States due to regulatory uncertainty. To achieve this, the U.K. must create its own regulatory path, smoothing the requirements for crypto in some regard. A recent report from the influential conservative think tank Policy Exchange has proposed 10 […]
