Payments

Elon Musk, the CTO and chairman of X, made allegations against the European Commission, stating that they offered an “illegal secret deal” to the social media platform. Musk claimed that the deal involved censoring speech without disclosing it to the public in order to avoid being fined in the EU. He mentioned that other platforms
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The US Securities and Exchange Commission (SEC) has recently concluded its investigation into stablecoin issuer Paxos, bringing an end to a year-long ordeal for the company. After initially receiving a Wells notice from the SEC over its dollar-backed BUSD stablecoin, Paxos has finally received a notice of investigations termination, signaling that the regulator will not
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The recent dip in Bitcoin’s price, attributed to factors like Mt. Gox repayments, has been a cause for concern among investors. The primary cryptocurrency experienced a significant correction, dropping by around 15% in the past 30 days. However, many analysts and industry participants view this as a temporary setback, with a potential for a price
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MetaMask, a brainchild of Ethereum firm ConsenSys, has introduced its latest groundbreaking innovation – the MetaMask Delegation Toolkit. This toolkit aims to revolutionize the user onboarding experience and enhance accessibility to the Web3 ecosystem. Unlike traditional methods that involve navigating through multiple platforms and seed phrases, this toolkit simplifies the process by offering seamless user
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The Blast Network has emerged as a key player in the world of web3, offering a unique solution among the many Ethereum Layer 2 (L2) platforms. Launched by the creators of the Blur NFT marketplace, Blast Network’s mainnet, known as Blast Mainnet, was unveiled in February 2024 to tackle the challenges of high transaction fees
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The latest addition to the collectibles space is “Solo Leveling: Unlimited”, an NFT platform based on the popular South Korean web novel and webtoon, Solo Leveling. This innovative platform, developed by Singapore-based Web3 company OtherWorld, merges entertainment and blockchain technology on the Avalanche blockchain. Revolutionizing NFT Transactions What sets “Solo Leveling: Unlimited” apart is its
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The recent settlement between Abra and CEO William “Bill” Barhydt with 25 US state regulators for providing crypto trading services without proper licenses has brought attention to the importance of regulatory compliance in the cryptocurrency industry. The Conference of State Bank Supervisors (CSBS) announced the terms of the settlement on June 26, highlighting the agreement
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Recently, a US bankruptcy court granted FTX approval to proceed with a liquidation plan that would involve paying customer claims in cash. The plan, which is set to pay customers based on the cryptocurrency prices at the time of FTX’s collapse in November 2022, has sparked controversy among creditors. Despite objections from customers who believe
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