“Let’s say if we move from phones to glasses, then everything in my earshot becomes ‘real estate,’ and that’s a pretty scary thought,” she continued, adding: “That’s where I think that web3 layer can help enable trust and know that I’m seeing something that is the right thing or the thing that belongs to someone specifically.” Original Source CounterIssuesLayerRaisedTrustWeb3 CryptoX Portal
One size does not fit all when it comes to Anti-Money Laundering (AML), the Hong Kong Monetary Authority (HKMA) reminded banks on April 27. Banks should not make it unnecessarily hard to open accounts. There has been a wave of companies opening bank accounts in Hong Kong to take advantage of business opportunities, HKMA deputy CEO Arthur Yuen wrote, and “comments” about the difficulties in the process have ensued. Yuen tied the increased activity to the end of the pandemic. While carrying out AML due diligence, banks “should also treat…
“The lack of compliance by these crypto platforms means that you don’t have basic investor protections,” Gensler said in his “Office Hours” video series. “These are things like rulebooks and surveillance to prevent fraud and manipulation. Or appropriate custody and segregation of customer assets so they don’t get misused or abused or simply become the property of the platform, especially if it goes into bankruptcy.” Source
The Bahamas recently overhauled its crypto regulations and says its “open for business” for legitimate digital assets companies. Source
Robinhood Connect will also let developers embed the feature directly into their dapps, so that Robinhood users can buy, transfer and fund their self-custody wallets, the company announced at CoinDesk’s Consensus 2023 conference in Austin, Texas. “With the introduction of [Robinhood] Connect, customers will be able to access their Robinhood credentials and bypass additional steps,” the firm said in a statement. Source
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Bitcoin (BTC) prices are firm on April 27, and trading above $29,000 as the coin broke out from a recent consolidation. The BTC upswing happens less than a day after it lost $2,000 on news that bitcoin wallets linked to Mt. Gox, a defunct cryptocurrency exchange; and the United States, one of the largest bitcoin holders controlling coins confiscated from, among other illicit activities, Silk Road, had “moved” coins. Bitcoin prices volatile At spot rates on…
“Today’s announcement with Google Cloud aims to increase transaction throughput enabling use cases in gaming, supply chain management, and DeFi,” Polygon President Ryan Wyatt said in the statement, adding: “This will pave the way for even more businesses to embrace blockchain technology through Polygon.” Source AccelerateCloudGooglegrowthMaticPartnershipPolygons CryptoX Portal
Belgian cryptocurrency trading platform Bit4You has suspended all operations, including withdrawals, amid an insolvency investigation of one of its key partners. Suite à cela, nous avons immédiatement entamé plusieurs démarches pour comprendre la nature et la portée de cette situation. En savoir plus – https://t.co/wg7iHqN9jt — Bit4you (@Bit4you1) April 26, 2023 The company explained the freeze in a blog post, claiming it was a necessary action to protect platform users and citing regulation against CoinLoan, a partnering cryptocurrency loan service based in Estonia: “We would like to inform you that…
Prior to the launch of the FWS, the protocol launched its Filecoin Virtual Machine Compatibility which supports smart contracts. Blockchain-based storage network, Filecoin Network has announced the launch of its proprietary Filecoin Web Service (FWS) a cloud-based decentralized alternative to tech giants like the Amazon Web Service (AWS), and Microsoft Azure amongst others. As announced by the protocol, the launch of FWS marks a very big milestone for its engineering team and the new protocol will be based on the Filecoin protocol. In describing the new service, Filecoin said its…
Bit4You learnt of CoinLoan’s insolvency on April 24 and that it no longer has the necessary registration as a digital asset custodian. Source