US Congress members urge financial authorities to invalidate SEC’s SAB 121
In a memo, Congress members state that Federal banking agencies should not require financial institutions providing custody services for digital assets to maintain capital against the assets.
Ethereum L2 Starknet aims to decentralize core components of its scaling network
Starknet has laid out its roadmap to begin decentralizing core components of its Ethereum L2 scaling network to defend against censorship and improve robustness.
Blockdaemon among founders of BSN Spartan Network governing body
The BSN Foundation’s “non-cryptocurrency” approach aims to create a stable network that would not be as volatile as traditional cryptocurrencies like Bitcoin.
Turkey mulls addressing licensing and taxation in new crypto rule
Bora Erdamar from the BlockchainIST Center emphasized that upcoming crypto regulations prioritize specific licensing standards to prevent system abuse.
Microsoft Maia AI chip 'last puzzle piece' for infrastructure systems
The new Microsoft Azure Maia AI Accelerator is designed for AI tasks and generative AI and was debuted in tandem with its new Azure Cobalt CPU to compute cloud workloads.
Philippines to sell $179M in tokenized treasury bonds for the first time
Real-world asset tokenization as a concept has existed for some time. However, in 2023, with the growing interest of institutions, various governments have started experimenting with the idea.
Paxos to issue USD stablecoin in Singapore, wins initial approval
The USD-backed token will comply with Singapore’s upcoming stablecoin laws and be issued through a new local Paxos entity that’s received initial approval.
Some crypto companies might be too excited for Bitcoin’s halving
Bitcoin's halving is months away, and cryptocurrency companies are getting excited. Don’t be surprised if some companies fail as they rush products to market.
46% of crypto lost from exploits is due to traditional Web2 flaws — Immunefi
The security platform released a report categorizing Web3 exploits in 2022, concluding that nearly half came from “infrastructure” or centralized elements.
Web3 advocate and author Alex Tapscott on the future of blockchain mass adoption
Alex Tapscott says Web3 offers “a set of tools” that can be used to “build new business models, to create new kinds of organizations [and] to transform existing industries.”
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