Cocoa Tracking Revolutionizes Provenance Systems
@PwC, @Merck, and @Hashgraph unveil a pioneering provenance system combining physical authentication and digital traceability, starting with cocoa. #Update #Crypto $ETH
Crypto News
General category for all types of news related to the cryptocurrency world.
Stablecoins Could Save South Korean Merchants $3.8B
South Korea’s budget office warns that stablecoin adoption could undermine banks’ credit roles and destabilize token pegs during mass redemptions, despite potential savings of $3.8 billion for merchants. #Update #Crypto $USDT
Swiss Stablecoin Sandbox Launches Testing Phase
Nine Swiss companies, including @SIX_group and @TWINT, are testing the CHFD stablecoin for programmable payments to enhance online marketplace security and efficiency. #Update #Crypto $CHF
UK Revisits 2019 Prediction Markets Ban
The UK Financial Conduct Authority is considering easing its 2019 ban on retail prediction markets, following discussions with trading platforms. #Update #Legal FCA
Crypto Registrations Cut by 45 in Australia
Australia’s AUSTRAC revoked 45 crypto and remittance registrations over the past year, targeting inactive or non-compliant businesses, including @BA_Digital_Ventures’ GetCoins amid scam concerns. #Update #Crypto
USDC Jersey Deal Sparks Hong Kong Concerns
Chelsea’s USDC jersey deal raises concerns among Hong Kong fans over stablecoin laws, though legal experts assure wearing the jersey is safe. #Update #Crypto $USDC
Orange Peels Revive Costa Rica Forest
Del Oro’s 1997 orange peel experiment in Costa Rica turned barren land into forest by 2013, highlighting ecosystem restoration potential but requiring legal safeguards. #Update #Legal
Prediction Markets Blamed for NFL Betting Slump
The American Gaming Association estimates $29.5B in legal NFL wagering this season, citing prediction markets for stalling growth. $5.1B from underage users on Kalshi. #Update #Legal
Crypto Firms Face $51M Tax Demand
The Swedish Tax Agency fined six Boden crypto firms $56.5M for illegal tax schemes, highlighting a nationwide crackdown on mining operations. #Breaking #Legal
Metaplanet CEO Addresses Shareholders Amid Unanswered Questions
@Metaplanet CEO Simon Gerovich stated that the company has not sufficiently clarified its structure, while shareholders express concerns over unanswered questions regarding MMXX Ventures’ trading decisions. #Update #Crypto
LG TV Privacy Concerns: Listening When Off
Gamers Nexus reveals LG TVs can scan Wi-Fi networks and record audio even when off, raising privacy concerns despite a recent settlement with Texas regulators. #Breaking #Tech
AI Labs Warned Slow Down by OpenAI
OpenAI’s chief scientist Jakub Pachocki urges voluntary AI development slowdowns until safety standards are established, highlighting recent security incidents and regulatory proposals. AI
UK Watchdog Considers Lifting Prediction Markets Ban
UK’s Financial Conduct Authority (FCA) is considering lifting the ban on prediction markets for retail investors, imposed since 2019. #Update #Legal
BlackRock BUIDL Collateral Expands Prime Brokers
Securitize expands collateral support for BlackRock’s BUIDL fund, allowing institutional traders to use token shares as off-exchange collateral across crypto prime brokerages. #Update #Finance