DeFi
New US Bill Mandates KYC for DeFi Platforms and Bitcoin ATMs
A recently introduced bill aims to sever financial privacy from the DeFi ecosystem.
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Crypto
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Crypto
NFTs
Reddit Has Onboarded 8M+ Users to its Wallet and Plans for Millions More
Reddit's senior developer said the company has so far onboarded eight million users to wallets, thanks to effective user experience strategies.
Crypto
Nasdaq Discards Plans to Launch Proprietary Crypto Custody Service
In its Q2 earnings call, Nasdaq announced it will stop making efforts to launch its crypto custody service due to regulatory heat in the US.
Crypto
Societe Generale Subsidiary Becomes the First Licensed Crypto Service Provider in France
Societe Generale's crypto division is the first company to become a licensed crypto service provider in France.
Crypto
Chinese Police Freeze $160M in Crypto Funds Using Court Order
Through a collaboration with a cryptocurrency issuer, Chinese police seized and confiscated $160 million in crypto tied to a gambling platform.
Policy
FSB Tackles Regulatory Arbitrage in Final Recommendation
The financial oversight arm of G20 nations finalized its cryptocurrency regulation framework.
Crypto
China to Train 10,000 Engineers on Blockchain, AI, and Big Data
The municipal government of Beijing plans to train 10,000 blockchain and AI engineers.
Crypto
Ripple Confident US Banks Will Use XRP for Money Transfers
Ripple believes US financial institutions will begin adopting XRP for cross-border transfers after the firm's partial win against the SEC last week.
Crypto
Reddit Moons Up 73% as ToS Changed to Allow for Sale of Virtual Assets
Reddit's MOON tokens skyrocketed more than 73% after the platform's new terms of service were updated.
Crypto
Indonesia to Launch National Crypto Exchange in July After Several Delays
Following a series of delays, Indonesian government is expected to finally launch its national crypto exchange this month.
Crypto
Multichain Shuts Down as CEO Remains Missing in China
Multichain announced it is terminating operations due to a shortage of operational funds and limited information about its missing CEO.
Crypto
Alex Mashinsky Arrested as Several Agencies Sue Celsius and the Ex CEO
Alex Mashinsky got arrested on Thursday after the SEC charged the entrepreneur and his former crypto lending firm Celsius Network.
Crypto
Bitcoin Accounts for 90% of Energy Consumed by Top 40 Coins: Report
Ethereum has emerged as the top-performing asset in the Digital Asset ESG Benchmark while Bitcoin lagged due to its high energy usage.