In the interview, Rey Fernando Verboonen, co-founder and CEO of Curioinvest, recounted his journey from speculator to builder in the digital asset space. We covered the tokenization of real-world assets (RWAs) using blockchain, the importance of…
China Moves to Address Crypto Money Laundering Activities With New Law Draft Revision
China is moving to update its legislation to tackle new money and cryptocurrency money laundering crimes. The Chinese Congress is set to introduce new money laundering concepts in the second review of the money laundering law draft revision, which…
Former Alameda CEO Caroline Ellison Requests Leniency, Asks for No Prison Sentence
Caroline Ellison, the former CEO of Alameda Research, is seeking leniency in her sentencing for her role in the FTX fraud. Her lawyers have filed a sentencing memorandum emphasizing her extensive cooperation with authorities and personal acceptance…
Meta to Resume Training AI With Data From UK Facebook, Instagram Users
Meta announced it will resume training its artificial intelligence (AI) models using U.K. adult user data to better reflect British culture. This follows a delay due to privacy concerns. Despite initial opposition, Meta has now engaged with U.K…
Web3 Innovation and Transformation: InnoBlock 2024 Held by ABGA and BBS
PRESS RELEASE. Web3 technology is leading a global technological revolution, propelling the internet industry into a new era of profound transformation and reconstruction. In this digital revolution, innovation is not only the driving force for the…
Rives Launches Doom Olympics: A Competitive Onchain Gaming Event
Rives, a blockchain gaming project, has announced the launch of its Doom Olympics, a unique competition built on the Cartesi platform. The tournament will feature seven distinct challenges inspired by the classic video game Doom, rewarding top…
Bettors on Polymarket See 69% Chance of Trump Launching a Token Before Election
Two days ago, former President Donald Trump made headlines by announcing his family’s decentralized finance (defi) platform, World Liberty Financial, boldly claiming the initiative is “embracing the future with crypto.” Meanwhile, over on…
FTX Co-Founder Sam Bankman-Fried Seeks Retrial, Alleges Legal Errors
Sam Bankman-Fried, co-founder of FTX, has filed an appeal against his conviction, arguing that key evidence was improperly excluded from his trial. His attorneys claim that legal errors denied him a fair trial and seek a retrial with a different…
NFT Sales Drop 7.91% as Buyers and Sellers Pull Back Sharply
Over the past seven days, non-fungible token (NFT) sales have dipped once again, sliding 7.91% compared to the previous week. The number of NFT buyers has taken a notable hit, plummeting 73.46%, and sellers are following suit, down 61.18% from last…
Nigerian Blockchain Group Ousts President, Who Remains Defiant
The Stakeholders in Blockchain Association of Nigeria (SIBAN) expelled its president, Obinna Iwuno, for allegedly registering an illegal body and misusing his position. Iwuno denied these allegations and accused the SIBAN board of trustees of…
5 US States Settle With GSB Group Over Unregistered Crypto Sales
Five U.S. states have reached a settlement with GSB Group over unregistered securities sales tied to digital assets. Residents of the states will receive refunds for all fiat and cryptocurrency deposits. GSB chairman Josip Heit agreed to cease…
Network Latency Drives Solana Validator to South Africa’s Commercial Hub
Superfast founder Martin Tromp has launched a Solana validator in one of Teraco’s Johannesburg data centers. Solana is a fast, scalable blockchain platform competing with Ethereum. As a proof-of-stake system, validators like Tromp’s…
Uniswap Labs CEO Denies Protocol Deployment Extortion Claims
Uniswap Labs CEO Hayden Abrams has refuted claims that the platform charges $20 million for protocol deployments, calling them “completely false.” Abrams, who said he rarely engages with individuals seeking attention, explained that…
AI Powerhouse Openai Reportedly Seeking to Raise $6.5 Billion at a $150 Billion Valuation
Openai, the company at the center of the artificial intelligence (AI) revolution, is reportedly seeking to raise $6.5 billion from investors, reaching a valuation of $150 billion. According to Bloomberg, the funds would be used to support the need…
CFTC Teams up With SEC to Fight Cryptocurrency Scams
The Commodity Futures Trading Commission (CFTC) has partnered with several organizations, including the Securities and Exchange Commission (SEC), to educate the public about cryptocurrency scams, especially those involving fake romantic…
Onedegree, Dubai Insurance Launch Digital Asset Custodial Insurance for UAE Clients
Onedegree, an Asian digital assets insurer, and its UAE partner, Dubai Insurance, have started offering digital asset custodial risk insurance to clients in the UAE. This new product, approved by the Central Bank of UAE, expands both…
In-Depth Study Reveals Stablecoins as Pivotal Players in Global Finance
As digital economies evolve, stablecoins emerge not just as mere facilitators for crypto trading but as pivotal tools in global financial systems. A comprehensive report by Castle Island Ventures and Brevan Howard Digital, sponsored by Visa…
Nigeria Accuses Four Crypto Traders of Forex Regulations Violations
The Nigerian government has filed criminal charges against four individuals and several firms for allegedly conducting illegal crypto transactions, including USDT to naira conversions, without a banking license. The four are Ejiogu A. Chinedu…
US Urges Nigeria to Release Jailed Binance Employee, Considers ‘Wrongfully Detained’ Designation
The U.S. is urging Nigeria to release Tigran Gambaryan, a jailed Binance employee, due to humanitarian concerns. This has become a major point of tension in U.S.-Nigeria relations. U.S. officials say Gambaryan’s health issues warrant his…
Moonpay Secures Registration to Offer Digital Currency Exchange Services in Australia
Moonpay has successfully registered with the Australian Transaction Reports and Analysis Centre (AUSTRAC) to provide digital currency exchange services in Australia. This registration will enable Moonpay to establish local payment processing…
Hamster Kombat Scores Binance Listing, Updates HMSTR Supply Before Airdrop
Hamster Kombat, one of the world’s most successful Web3 games, has announced that Binance will list its HMSTR token and will include the project as the 58th initiative part of its Launchpool structure. Hamster Kombat’s team also…
Saudi Minister Hints at 86 Million Tonnes of Petroyuan Adoption, States Country Is ‘Open to New Ideas’
Bandar Alkhorayef, Saudi Minister of Industry and Mineral Resources, stated that while the petroyuan – the use of the Chinese currency to settle oil shipments – was not “substantial to the ministry,” the country was open to…
Bitcoin and Ethereum Fee Drop: The Perfect Time for Cost-Effective Transactions
Although both bitcoin and ethereum have been cruising at lower prices compared to earlier this year, there’s been a silver lining: transaction fees on these leading blockchains have significantly decreased. With costs now sitting at notable…
Hong Kong SFC Seeks Industry Feedback on New Licensing Rules for OTC Crypto Services
Hong Kong’s Securities and Futures Commission (SFC) is actively seeking input from industry participants on proposed new licensing regulations for over-the-counter (OTC) cryptocurrency services. The initiative aims to establish a comprehensive…
Meme Coin Layer 2 Project Pepe Unchained Raises $13M in Presale – Next Crypto to Explode?
It’s a golden era for Ethereum layer 2s. On-chain activity is exploding, and new innovations are releasing daily. Not least is the meme coin-focused Ethereum layer 2 Pepe Unchained ($PEPU), which has just cleared the $13 million total raised…
Wazirx Users May Face Delays Amid Binance Dispute and Moratorium Uncertainty
Indian cryptocurrency exchange Wazirx has warned users that they may have to wait until the dispute with Binance is resolved if the moratorium, filed in Singapore, is not granted. Wazirx explained that Zettai holds the cryptocurrency tokens under…
Ethereum Faces Challenges as Price Stagnates: Coinbase Report
Ethereum (ETH) has recently struggled in comparison to its peers, according to a report by Coinbase Institutional. The analysis suggests that market dynamics, network activity, and inflationary factors are influencing the cryptocurrency’s…
Microstrategy Buys 18,300 More Bitcoins, Boosting Total Holdings to 244,800 BTC
Microstrategy has acquired 18,300 additional bitcoins for $1.11 billion, funded through stock sales. As of Sept. 12, the company holds 244,800 BTC, purchased at a total cost of $9.45 billion. Executive chairman Michael Saylor announced a BTC yield…
FBI Warns of Growing $55 Billion Business Email Scam
The Federal Bureau of Investigation (FBI) has warned of a rising business email compromise (BEC) threat, responsible for $55 billion in global losses over a decade. The scam has affected all 50 U.S. states and 186 countries, with funds frequently…
17 Million Users Claimed Dogs Airdrop on TON Reaching ‘Unheard of’ Levels of Web3 Engagement
The TON team highlighted the magnitude of the recently concluded dogs token generation event and its subsequent airdrop, which disrupted its network several times. On social media, the TON team stated that unique active users rose to 1.1 million…
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