Italy and South Korea central banks agree on CBDC cooperation
The central banks of Italy and South Korea have signed a memorandum of understanding (MoU) to cooperate on the development and deployment of their respective central bank digital currencies (CBDCs). The Bank of Italy announced the MoU, which focuses on information and communication technology (ICT) issues related to real-time settlement systems and CBDCs. Italy has […]
Binance Faces Legal Trouble In Philippines For Operating Without A License
Leading cryptocurrency exchange Binance has found itself in hot water in the Philippines, where it has been operating without the necessary license. The local securities regulator has warned that this could lead to hefty fines and imprisonment. The Philippines Securities and Exchange Commission (SEC) issued a warning against Binance on Nov. 28, stating that the […]
Former Binance CEO Changpeng Zhao Awaits Sentencing In Seattle
In a recent development, Changpeng “CZ” Zhao, ex-CEO of the crypto exchange Binance, is currently marooned in the United States. He awaits sentencing in Seattle, facing charges related to violations of US anti-money laundering laws and sanctions, following his resignation amidst these legal issues. Zhao is now prohibited from leaving the US. However, the silver […]
Ethereum Co-Founder Warns AI Might Supersede Humans As Dominant Species
In a recent statement, Ethereumco-founder Vitalik Buterin has raised concerns about the risk of artificial intelligence (AI) surpassing humans as the principal species on Earth, posing a potential existential threat to humanity. Buterin has aired his apprehensions about the unchecked growth of AI. He posited that AI could evolve into an “apex species”, which could […]
Arthur Hayes Criticizes U.S. Treatment Of Binance And Founder CZ As ‘absurd’
In a recent development, Arthur Hayes, the former CEO of BitMEX, has come forward to express his views on the U.S. handling of the sanctions against Binance and its founder Changpeng “CZ” Zhao. According to Hayes, the actions taken by the U.S. are “absurd”. He shared his opinions in a Substack essay. Binance and CZ […]
Polkadot, SOL, Justlend, And Pyth Grab Headlines In This Week’s Blockchain Roundup
The blockchain and cryptocurrency sectors continue to evolve rapidly, as marked by significant events over the past week. The top stories include Polkadot’s transformation, SOL’s impressive performance, JustLend’s triumph over Aave, and Pyth’s airdrop. The week of November 20 saw several important developments in the crypto world. Polkadot underwent a major change that drew considerable […]
Crypto Strategist Bluntz Predicts Strong Upside Potential For Polygon, Bitcoin, Ethereum, And Solana
In a recent forecast, a well-known crypto analyst, who goes by the alias Bluntz, predicted substantial growth for Polygon (MATIC), Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). As detailed by The Daily Hodl, Bluntz sees a strong upside for Polygon, a scaling solution for Ethereum. He emphasized that the crypto asset has been on a […]
Betting Market Erupts In Wake Of OpenAI CEO’s Abrupt Exit
Sam Altman, the leader of the billion-dollar AI company, OpenAI, was removed from his role for purportedly lacking transparency in his exchanges with the board.
Fidelity joins the race for Ethereum ETF approval
Asset management giant, Fidelity, has submitted an application to the United States Securities and Exchange Commission (SEC) for an Ethereum exchange-traded fund (ETF). Fidelity, which manages $4.5 trillion in assets, made this move just days after BlackRock filed its application for the iShares Ethereum Trust. The filing was made on November 17, 2023. The proposed […]
Bitwise analyst predicts more significant market impact from Bitcoin ETFs than Ethereum
Bitwise, the world’s largest crypto index fund manager, suggests that Bitcoin (BTC) exchange-traded funds (ETFs) could have a more significant market impact than their Ethereum (ETH) counterparts. Analyst Juan Leon from Bitwise explains that while many institutional investors have become more knowledgeable about BTC, most still struggle to understand ETH’s distinct attributes. He likens BTC […]