nominal purity,
Web3
The Indonesian government is exploring the potential of nonfungible tokens (NFTs) and blockchain technology to preserve its cultural heritage, while simultaneously promoting cryptocurrency adoption within the country. Blockchain technology's primary advantage is its ability to record and store information in a permanent and tamper-proof manner. Once information is
Markets
OKX, often referred to as "the people's exchange," is set to expand its services into the Australian market. The Seychelles-based exchange, which primarily functions as a centralized platform, has recognized the value in incorporating decentralized aspects into its operations. This blend of centralized and decentralized features
Security & Privacy
XRPL Solvency Proof, a privacy mechanism for XRP Ledger, emerged as the winner of XRPL's Hackathon at Paris Blockchain Week. This innovative technology allows users to prove solvency without revealing wallet details, such as addresses and transaction history. Jason Tigas, developer advocate at Ripple Inc., congratulated the winning
Policy & Regulation
European Union (EU) lawmakers have voted in favor of imposing a €1,000 limit on cryptocurrency transactions where the customer cannot be identified. The European Parliament emphasized that entities such as banks, asset and crypto asset managers, real and virtual estate agents, and high-level professional football clubs will be required
Policy & Regulation
Sam Bankman-Fried's recent petition to have his legal expenses reimbursed has encountered strong opposition from lawyers representing the cryptocurrency exchange FTX and its creditors committee. Bankman-Fried's lawyers filed a motion on March 15 requesting coverage of his court costs by directors and officers (D&O)
Policy & Regulation
A 2021 NFT artwork depicting the Virgin Mary by activist artist Nadya Tolokonnikova has led to criminal charges against Pussy Riot for "hurting the religious feelings" of Russian citizens, according to a press release from the group. Tolokonnikova, well-known as the face and voice of the Russian feminist
Security & Privacy
In the face of growing fraudulent activities in the digital asset space, popular crypto wallet development firm MetaMask recently refuted rumors circulating online about an upcoming snapshot and airdrop. The company has urged users to exercise caution and avoid clicking on deceptive links or visiting fraudulent websites promoting the false
Policy & Regulation
The planned trial of Russia's digital ruble, initially scheduled for April 1, has been postponed due to the absence of a necessary regulatory framework, according to state-owned news agency TASS. The Russian State Duma is expected to approve the legislation concerning Central Bank Digital Currency (CBDC) in the
Policy & Regulation
In a recent House Financial Services Committee hearing, Nellie Liang, the U.S. Treasury Department's Undersecretary for Domestic Finance, addressed the notion that cryptocurrencies had played a significant role in the recent failures of Silicon Valley Bank (SVB) and Signature Bank. Liang stated that she doesn't
Security & Privacy
In a surprising turn of events, the individual behind the March 13 Euler Finance exploit has returned an additional $26.5 million worth of Ether (ETH) to the Euler Finance deployer account on March 27, as evidenced by on-chain data. This comes after the attacker returned 58,000 ETH (valued
Nvidia, a leading computing software and hardware design firm, has been instrumental in driving technological innovation for over three decades. However, Nvidia's CTO, Michael Kagan, recently expressed skepticism about the societal benefits of cryptocurrencies in an interview with The Guardian. Kagan argues that artificial intelligence (AI) is more
DeFi
In a groundbreaking move, MakerDAO, the decentralized autonomous organization (DAO) responsible for the DAI stablecoin, has approved a new "constitution" that seeks to reinforce its governance structure and enhance decentralization. This innovative document is an integral part of the "Endgame Plan," which envisions MakerDAO as the