Day: June 23, 2022

Transparent financial systems won’t get real traction, blockchain exec argues

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As the conversation around privacy intensified with the recent Litecoin (LTC) upgrade called Mimblewimble and regulators’ reaction to the feature, Adrian Brink, the founder of blockchain protocol Anoma, weighed in on the topic and shared his perspectives to Cointelegraph.  According to Brink, privacy is an essential tool for democracy because it prevents huge corporations from targeting people and segregating them into different bubbles. The Anoma founder told Cointelegraph that: “The fact that you have surveillance capitalism allows micro-targeting to such an extent that it can put people into their own…

Polygon price jumps 60% in four days amid ‘pretty big’ MATIC accumulation

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Polygon (MATIC) took a break from its prevailing bearish course, posting one of sharpest rebound in the crypto market this week. Notably, MATIC’s price has risen to $0.50 this June 23, four days after hitting $0.317, its lowest level since April 2021. This amounts to roughly a 60% gain, surpassing the performances of even Bitcoin (BTC) and Ether (ETH) in the same timeframe.  MATIC/USD daily price chart. Source: TradingView Nevertheless, MATIC is still down significantly from its December 2021 high of $2.92, coinciding with the overall crypto bear market and…

Wire Network’s new protocol aims to end Web3 interoperability woes

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Layer-1 blockchain platform Wire Network announced the launch of its blockchain interoperability protocol called the Universal Polymorphic Address Protocol (UPAP). In the Web3 ecosystem, which is nascent compared to the larger crypto market, the primary interaction occurs over digital goods and nonfungible tokens (NFTs). However, a growing number of Web3 platforms lack interoperability, which could be a huge roadblock to a seamless Web3 experience. Wire Network aims to change that with its universal wallet address protocol. Blockchain interoperability is the ability to share information across different blockchain networks without restrictions. With…

Brussels’ Fledgling Crypto Industry Flexes Its Muscles

“Some, and many at the European Commission, will see the recent crypto market downturn as the evidence that this was just one big Ponzi scheme, that this was bound to end in tears, that we’re seeing the beginning of the end,” said Peter Kerstens, a policy adviser at the EU’s executive arm, in a speech Monday. “I don’t see that.” Source

Bybit enters into settlement agreement with Ontario Securities Commission

Bybit announced that it reached a settlement agreement with the Ontario Securities Commission (OSC) on Thursday, a day after the OSC released a Statement of Allegations against the crypto asset trading platform. The agreement includes several measures to be taken by Bybit as it engages in registration talks with the Canadian regulator. This announcement comes after the OSC issued financial penalties against Bybit and KuCoin, claiming violation of securities laws and operating unregistered crypto-asset trading platforms. According to the Settlement Agreement, Bybit has disgorged revenues totaling approximately $2.47 million and…

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GitHub users respond with ‘Bitcoin bill’ idea to Gillibrand-Lummis bill

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Now every interested user has a chance to leave their mark on a crypto bill that could define the industry guidelines in the United States in the near future, the Responsible Financial Innovation Act (RFIA). The document was uploaded on GitHub, a platform populated by software and product experts, by its co-sponsors to get public feedback.  On Wednesday, June 22, Senators Cynthia Lummis and Kirsten Gillibrand uploaded the full content of their Responsible Financial Innovation Act on GitHub. As Lummis’ representatives commented: “The senators seek comments from industry stakeholders, consumers…

Bitcoin Exchange Supply Hits the Lowest Level in 42 Months

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Bitcoin supply on leading crypto trading platforms has plunged to its lowest level since November 2018 amid the recent market correction. According to the data posted by on-chain analytics platform Santiment, digital asset exchanges now hold just 9.3% of the BTC supply, compared to almost 15% in June 2020. Take Advantage of the Biggest Financial Event in London. This year we have expanded to new verticals in Online Trading, Fintech, Digital Assets, Blockchain, and Payments. While the Bitcoin exchange supply has dipped in the past few years, the percentage of…

The Future Is Now Film Shows What Blockchain Leaders Think About Governance

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The first cinematographic NFT project “The Future Is Now Film” shows what blockchain leaders think of future governance systems: will there be even tighter centralization, a symbiosis of traditional and new methods of control or do we need a totally new governance system to replace the old one? Answers to these questions can be found in the two latest episodes, “Transforming The Future” and “Aligning The Future”, which were filmed at the AIBC Summit UAE 2021 in Dubai and Blockchance EU conference in Hamburg. Let’s dive deeper and see what…