Day: June 30, 2023

South Korea Passes First Independent Crypto Bill to Strengthen Investor Protection

As per the VAUP legislation, the Financial Services Commission (FSC) will get the authority to oversee crypto operators as well as crypto custodians. South Korea has now implemented the first independent bill for digital assets in order to boost investor protection in the region. The development comes one year after the country’s biggest implosion of the Terra ecosystem last year which triggered the $2 trillion crypto market rout. On Friday, the South Korean parliament passed the Virtual Asset User Protection legislation, integrating a total of 19 crypto bills. The legislation…

Snoop’s NFT nostalgia, The Goose draws Gen Y to Sotheby’s  – Cointelegraph Magazine

Greg Oakford, a co-founder of NFT Fest Australia, guides you through the Web3 digital art world from a collector’s perspective.  Turning concert merchandise and memories digital  Snoop Dogg’s recent announcement of the Snoop Passport — an evolving concert tour collectible — is a trend I believe we’ll see get more and more traction among musicians and entertainers.  They tap into those fan moments we’ve all had: whether it’s dusting off an old concert T-shirt, rustling through a shoe box full of ticket stubs from sporting events and concerts you’ve attended…

Will BlackRock’s ETF slingshot Bitcoin’s price skyward?

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Traditional financial firms finally believe that digital assets are here to stay. Or so one might conclude from the slew of announcements last week from some of the world’s premiere financial players. Among them is BlackRock — the world’s largest asset manager with $9 trillion in assets under management (AUM) — filed for permission to build a “spot market” Bitcoin-based exchange-traded fund (ETF) — something the United States Securities and Exchange Commission has resolutely resisted. Others include Fidelity Investments, Charles Schwab and Citadel launching EDX, a new cryptocurrency exchange. In…

How Web3 can onboard the next billion users

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Achieving mainstream Web3 adoption is a key goal for the blockchain community. We believe strongly in the revolutionary power of this technology, but how do we share its potential with the world? There is no one-size-fits-all solution, so blockchain advocates need to tailor their sales pitch to different audiences in order to kickstart mass adoption from the ground up. In a little over a decade, cryptocurrency has risen from an obscure corner of the dark web to a significant focus of many investors and institutions around the globe. Compared to…

A marquee ZK conference amid EthCC

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Zero-knowledge (ZK) projects continue to spread worldwide, and a new go-to ZK event is coming to Paris, hosted by Manta Network, a ZK layer-1 blockchain; investment firm Polychain Capital and Cointelegraph. The ZK community conference — zkDay Paris — kicks off during EthCC Paris on July 19, from 11:00 am to 8:00 pm Central European Time, on the back of a successful event at zkDay Denver. ZkDay Paris will include booths, networking, keynotes, venture capital and industry panel discussions with the best and brightest in the crypto industry and the ZK…

Blockchain Association Backs Coinbase In SEC Regulatory Battle

The Blockchain Association has released a comprehensive document backing Coinbase option on the legal rationale behind its argument calling for the recusal of Securities and Exchange Commission Chair Gary Gensler from any decision-making processes. This is regarding the initiation or continuation of an enforcement action based on the assertion that a digital asset qualifies as a security. The association said Chair Gensler’s consistent public assertion that ‘everything other than bitcoin’ should be considered a security, raises concerns and creates, at the very least, an appearance of a closed-minded approach to…

Challenges Web3 developers encounter when using chatbots like ChatGPT

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Chatbots have become all the rage for businesses of all sizes and industries as they offer a cost-effective and efficient way to improve customer experience and streamline operations.  Did you know the chatbot market was worth around $435.2 million in 2018? Experts predict that the chatbot market will reach $2.3 billion by 2025. That’s a compound annual growth rate (CAGR) of 26.9% over the forecast period. It’s astonishing to see how quickly the chatbot market is growing.  It’s no wonder that chatbots are increasingly used in e-commerce, banking, finance, healthcare and customer…

Revolut US to delist ADA, MATIC and SOL in September

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Cryptocurrency-friendly neobank Revolut is next to delist a batch of digital assets on its platform in the United States amid the ongoing regulatory developments in the country. Revolut is preparing to completely delist tokens like Cardano (ADA), Polygon (MATIC) and Solana (SOL) from its platform in September, a spokesperson for the firm told Cointelegraph. On June 29, Revolut notified its U.S. customers about the change, stating that buying ADA, MATIC and SOL is immediately closed for all customers. Revolut users will still be able to hold and sell these tokens…

Why approving a Bitcoin ETF might unleash $18B in sell-pressure

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The introduction of a spot-based Bitcoin (BTC) exchange-traded fund (ETF) would make the asset more accessible to individual investors and mutual funds. What’s more, unlike a futures-based Bitcoin ETF, a spot-based ETF involves actually buying BTC. So, will the approval of the first Bitcoin ETF be a bullish event? Not necessarily. GBTC ‘discount’ remains in the double digits Over the years, the United States Securities and Exchange Commission (SEC) has rejected every Bitcoin ETF applicant, with the latest denial issued to the VanEck Bitcoin Trust on March 10, 2023. The SEC…