The payments industry has witnessed tremendous growth over the past five decades, becoming one of the largest and fastest-growing sectors globally. However, a significant issue plagues the industry – the reliance on outdated technology rails that are over 50 years old. As time goes on, these outdated systems become increasingly inefficient, posing challenges for both
Bitcoin, the renowned cryptocurrency, has garnered immense attention and speculation over the years. With its inception dating back 15 years, Bitcoin has stood the test of time, consistently executing new blocks of transactions every ten minutes without fail. The robustness of Bitcoin’s blockchain technology has proven to be highly secure, as it has never been
Opeyemi is a writer who has found himself deeply immersed in the world of cryptocurrency. Despite not originally intending to venture into the digital asset industry, he has become captivated by the intricacies of blockchain technology and the dynamic nature of cryptocurrencies. This fascination has led Opeyemi to spend a significant amount of his time
In a groundbreaking move, the Singapore-based cryptocurrency exchange Crypto.com has joined forces with Standard Chartered, a multinational banking giant, to provide fiat services to retail users on a global scale. This partnership aims to revolutionize the way users interact with cryptocurrencies by offering seamless banking and payment solutions. Initially, the new fiat services provided by
Japan’s Minister of Economy, Trade, and Industry, Takeru Saito, recently announced tax reforms aimed at supporting the growth of startups in the Web3 and blockchain sectors. This announcement was made during the WebX Conference, which is Tokyo’s largest event dedicated to cryptocurrencies. Saito’s goal is to create a favorable environment for innovation in Japan and
In a bold move, NFL Rivals, the mobile game authorized by the National Football League (NFL) and the NFL Players Association, has recently announced a groundbreaking partnership with the Kansas City Chiefs. The reigning champions of Super Bowl LVIII, the Chiefs will now be represented as the “Official Mobile Game of the Chiefs” for the
Former FTX executive Ryan Salame recently made headlines when he withdrew his petition to dismiss the indictment against Michelle Bond, just days before a crucial court hearing. Salame’s legal team informed Judge Lewis A. Kaplan of the Southern District of New York in a letter dated Aug. 29 that the petition was being withdrawn “without
The recent Wells notice issued by the U.S. SEC to OpenSea has raised concerns about the regulation of digital assets, particularly non-fungible tokens (NFTs). The SEC has alleged that certain NFTs traded on OpenSea may constitute unregistered securities, implying that the platform itself could be in violation of securities laws. This development has sparked debates
Pavel Durov, the CEO of popular messaging app Telegram, recently found himself in legal trouble in France. After being released from prison, he was placed under judicial supervision with strict conditions, including a hefty €5 million bond. The Paris Judicial Court charged Durov with several offenses, such as involvement in illegal transactions and money laundering.
Congressman Wiley Nickel has recently criticized the US Securities and Exchange Commission (SEC) for its “regulation by enforcement” approach. According to Nickel, this approach undermines trust in the regulatory system and risks stifling digital innovation across the US. He has been pushing for a regulatory framework for the crypto industry to ensure customer protection. The
