Day: June 30, 2023

King Charles approves UK legislation for crypto oversight

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied King Charles has given his official sanction to the UK’s Financial Services and Markets Bill, setting the stage for increased supervision of cryptocurrencies and stablecoins. British legislation facilitating oversight of cryptocurrency and stablecoins received official approval from King Charles. The sanction, which is seen as a formalized procedure following a consensus among legislators, now effectively converts the Financial Services and Markets Bill into an Act. This key action incorporates provisions to bring cryptocurrencies and stablecoins under…

Coinbase layer-2 network Base closes in on mainnet launch

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Base, a new layer 2 application-focused protocol by Coinbase has just one criteria left to fulfil  before being ready for mainnet launch. On June 29, the team said the Optimism-powered, Ethereum-secured network has been subject to six months of rigorous security audits — both internally and externally — its second-last criteria required for launch. “With the completion of these audits, we’ve now fulfilled ⅘ of our criteria for mainnet launch,” Base said, adding that they feel confident after not finding any critical code bugs: “Completing these in-depth security workstreams without…

Worldcoin integrates with Okta’s Auth0, initiates World ID registrations in Germany

Sam Altman’s blockchain project, Worldcoin, has announced the integration of its “Sign in with Worldcoin” feature with Okta’s Auth0 and the commencement of World ID registrations in Germany. Worldcoin, helmed by Sam Altman, has announced the commencement of registrations for its World ID in Germany and has integrated its “Sign in with Worldcoin” feature into Auth0, Okta’s leading global authentication and authorization platform. The integration with Auth0 marks Worldcoin’s most comprehensive rollout of the new feature. Similar to widely used social single sign-ons, the Sign in with Worldcoin offers users…