Author: Crypto News
Last updated: April 24, 2024 02:50 EDT | 1 min read Worldcoin executives have met with top Malaysian officials amid ongoing privacy concerns and regulatory challenges.According to a recent social media post by the Malaysia Digital Economy Corporation, the engagement highlighted the key role of MDEC’s programs, demonstrating potential collaboration opportunities including strategic expansion into Malaysia.The Deputy General Secretary of the Ministry of Digital, Malaysia Digital Economy Corporation CEO Ts. Mahadhir Aziz, and Director General of the Department of Personal Data Protection Mohd Nazri bin Kama attended the meeting. Exciting discussions today as we met with Nordstar and its impressive…
Last updated: April 23, 2024 03:56 EDT | 2 min read The completion of Bitcoin’s fourth halving has left traders and investors speculating about the short-term market dynamics. While the spot price of Bitcoin saw a slight increase over the weekend, not much significant movement was observed immediately after the halving event, QCP wrote in a recent note on Telegram.Historically, the three previous halvings resulted in a substantial surge in the spot price of Bitcoin, but this exponential growth took place approximately 50 to 100 days after the halving. If this pattern repeats itself, Bitcoin bulls may have a few more weeks to accumulate larger…
In a dynamic world where mobility is paramount, Gaswizard emerges as a guiding light of innovation, offering a revolutionary platform that transcends traditional boundaries. With its official launch, Gaswizard embarks on a mission to redefine how we fuel and power our vehicles, ushering in a new era of convenience, efficiency, and sustainability for drivers worldwide.Revolutionising Fueling and Charging ExperiencesGaswizard leverages cutting-edge blockchain technology and its native token, GWIZ, to provide drivers with real-time updates on gas prices, transaction rewards, and location services for both traditional gas stations and electric vehicle (EV) chargers. By empowering drivers with the information they need…
Last updated: April 23, 2024 01:16 EDT | 1 min read Ripple has filed an opposition to the Securities and Exchange Commission (SEC)’s demand for $2 billion in penalties.In a detailed motion made public by Ripple’s defense lawyer, James Filan, the company disputes the SEC’s proposed penalties as overly punitive. Ripple argued that the suggested fines are disproportionate and suggested $10 million instead.Ripple Challenges SEC’s Heavy Fines in Court FilingThe filing emphasized that the requested $2 billion in penalties by the Commission is not aligned with the actual circumstances of the case.According to the document, there were no allegations or…
Last updated: April 23, 2024 01:06 EDT | 2 min read Prompted by renewed US oil sanctions, Venezuela’s state-controlled oil company PDVSA intends to boost its use of digital currencies in crude oil and fuel exports, Reuters reported on Monday.The development follows reimposed sanctions on Venezuela’s oil industry after the Biden administration last week refused to renew a license easing restrictions.This forces companies to wind down transactions by May 31 under a general license. It also makes it harder for Venezuela to export oil. The sanctions are a response to President Nicolas Maduro’s failure to fulfill commitments made after an…
In the ever-evolving cryptocurrency market, investors are always on the lookout for promising coins to diversify their funds into. Amid this search, DeeStream emerges as a revolutionary coin that uses blockchain technology to enhance the streaming sector. While DeeStream continues to attract investors’ attention, the value of the DeeStream token surges.Meanwhile, TRON and Stellar investors are betting on 100X gains for DeeStream in the Twitch battle amid Solana’s decline. However, the promising future of DeeStream and the potential for significant returns are causing a lot of crypto enthusiasts to flock into the presale while the opportunity is still available. TRON’s Founder…
Last updated: April 22, 2024 23:00 EDT | 2 min read Chile is tentatively moving toward the launch of a CBDC, with the public seemingly firmly behind the central bank’s plans.Per the media outlet Criptonoticias, the Central Bank of Chile (BCCh) is yet to commit to a CBDC launch.However, a digital peso rollout is looking increasingly likely, with the BCCh announcing it is set to commence Proof-of-Concept (PoC) testing.Chile Central Bank Making CBDC MovesThe central bank also conducted a survey. It said that it asked “the general public and representatives of the public and private sectors” for their CBDC-related opinions.The…
Last updated: April 22, 2024 19:51 EDT | 2 min read Two lawyers from the Securities and Exchange Commission (SEC), Michael Welsh and Joseph Watkins, resigned on April 22 following a federal judge’s sanction and severe criticism of the regulatory agency’s handling of a crypto-related case.Initially, the SEC legal unit, led by attorney Michael Welsh, had convinced the court to freeze DEBT Box’s assets, arguing the company was moving to Dubai, beyond U.S. regulatory reach.SEC Attorneys Step Down Amid Controversy Surrounding DEBT Box Case Two Securities and Exchange Commission lawyers resigned after a federal judge sanctioned and sharply rebuked the…
Last updated: April 22, 2024 19:49 EDT | 1 min read Square Enix – the developer behind JRPG giants like Final Fantasy and Dragon Quest – is now working with a major metaverse investment firm on its own crypto-based game.Square Enix Meets Animoca BrandsOn Monday, the company announced that it had signed a collaboration agreement with Animoca Brands to strengthen marketing efforts for “Symbiogenesis,” the game and its associated collection of 10,000 Ethereum NFTs.Per a press release, Animoca Brands Japan said it would support the game with expertise on how to expand its Japanese products overseas, NFT sales, and by…
Last updated: April 22, 2024 19:45 EDT | 2 min read The Hong Kong Securities & Futures Professionals Association (HKSFPA) advocated establishing a self-regulatory committee within the city’s crypto firms to enhance compliance monitoring on April 22.“Many economically developed regions in the world have established statutory semi-official industry self-regulatory institutions to focus on industry development,” Hong Kong regulators wrote.HKSFPA Calls for Industry-Led Licensing Authority in Hong Kong’s Financial MarketIn a recommendation letter, the HKSFPA highlighted the absence of an overarching organization to foster the development of Hong Kong’s financial market industry. It criticized the current regulatory landscape as overly focused on…