The proposed Financial Innovation and Technology for the 21st Century (FIT21) Act, set for a potential House floor vote by the end of May, aims to provide the crypto industry with greater clarity regarding regulatory oversight. The bill addresses key issues of market oversight and consumer protection, which have long been sources of uncertainty in
Technology
In a recent interview with the South Korean newspaper Hanguk Kyungjae, Lee Jeong-ryeol, the head of the Seoul Southern District Prosecutors’ Office’s joint crypto investigation unit, highlighted the urgent need for courts to deliver swifter justice to crypto offenders. Lee expressed concern that cases involving cryptocurrency crimes are currently taking too long to process, leading
Meme coins have garnered significant attention in the cryptocurrency industry, with some projects proving their worth and becoming a staple in the market. While many detractors dismiss meme coins as a flash-in-the-pan phenomena, certain meme coin projects, such as Dogecoin, have shown resilience and loyalty from their communities over the years. Dogecoin, in particular, stands
Recently, on-chain data revealed that Ripple had unlocked 500 million XRP tokens from its escrow account for the month of May. This news has sparked concerns within the cryptocurrency community about the potential impact of this unlock on the price of XRP. Ripple has faced allegations of manipulating the token’s price in the past, and
The recent statement by former Binance CEO Changpeng Zhao emphasizes the importance of compliance in the cryptocurrency industry. Following his sentencing to four months in prison for violating US compliance rules, Zhao acknowledged the significance of adhering to regulatory standards. He admitted to transitioning into a passive investor role in the crypto space, underscoring the
In the volatile world of cryptocurrencies, the storage coin project Arweave (AR) recently experienced an 18.7% drop in value overnight. This significant loss comes amidst a broader crash in the market, which also saw the price of Bitcoin (BTC) plummet by 7%. At its current trading price of $27.76, Arweave is showing a 7-day loss
CEO Ahmad Shadid of Io.net recently came forward with details regarding a Sybil attack that the network experienced. The attack highlighted the vulnerabilities within the network and the need for improved security measures. Shadid explained that the attackers were able to exploit these vulnerabilities to spoof GPU availability and gain rewards from the decentralized computing
Verasity, known for its ad-tech solutions and $VRA token, has recently unveiled its partnership with Creo Engine, a leading web3 gaming platform. This collaboration aims to revolutionize the gaming industry by integrating VeraViews’ video player functionality and in-game rewards into Creo Play’s extensive gaming library. This bold move signifies a step towards advancing the adoption
The world of digital art and collectibles is undergoing a transformation with the advent of ARdinals on the Bitcoin blockchain. These AR-driven Ordinals are bridging the gap between the digital realm and physical reality, offering a new level of immersion and utility to collectors and enthusiasts. With the rise of Bitcoin Ordinals, the demand for
The director of capital markets at Chainlink Labs recently made a bold statement, claiming that the traditional finance sector is not the most ideal use case for tokenization. Instead, he argues that the real value lies in the tokenization of real-world assets (RWA). The potential market size for tokenized RWAs is estimated to be in