Month: June 2023

Terra Co-founder Do Kwon Points Finger at Chinese Agency in Fake Passport Scandal 

Kwon’s denial comes as a response to the accusations linking him to the forged travel documentation and alleged financial ties with Milojko Spajić. The Terra founder asserts that these claims are baseless, denying personal involvement. Terraform Labs co-founder and CEO Do Kwon has reportedly denied allegations of passport forgery, shifting the blame onto an undisclosed Chinese travel agency. Do Kwon and Passport Scandal Kwon’s denial comes as a response to the accusations linking him to the forged travel documentation and alleged financial ties with Milojko Spajić. The Terra founder asserts…

Binance cancels registration in the UK amid regulatory scrutiny

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Troubled cryptocurrency exchange Binance continues to withdraw from major markets amid the ongoing pushback from global regulators. Binance Markets Limited (BML), Binance’s United Kingdom-based subsidiary, has officially canceled registration with the Financial Conduct Authority (FCA). After deregistration, no Binance entity is authorized by the FCA to provide any services in the United Kingdom, the regulator stated on its website. According to the FCA, the authority completed Binance’s cancellation request of BML’s permissions with the authority on May 30, 2023. “Following the completion of the cancellation of permissions the firm is…

Hong Kong says Cyberport attracted 150 Web3 firms in a year

In the past year, more than 150 Web3 firms have set up operations in Hong Kong’s Cyberport, a digital hub set up by the country’s government to promote innovation, Financial Secretary Paul Chan Mo-po said in a statement. The influx came after the Hong Kong government invested $7 million (50 million yuan) to help Cyberport speed up the development of Web3 with blockchain as the supporting technology, Chan Mo-po said. Chan Mo-po detailed the Hong Kong government’s investments in the sector, and said that Cyberport has been allocated around $64…

Cointelegraph Accelerator welcomes Web3 venture builder GAMI as a strategic partner

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Cointelegraph Accelerator, the startup booster leveraging Cointelegraph’s media capabilities, has announced GAMI — a Web3 Venture Builder — as its new strategic partner. The blockchain and crypto ecosystems are expanding into a much broader universe with the rise of Web3. With decentralization as a core value, Web3 brings more utility and use cases for blockchain-based technologies in a user-centric environment. Although initiated by decentralized finance (DeFi), Web3 offers a much broader spectrum of digital interactions and experiences, including nonfungible tokens (NFTs), loyalty programs, action-to-earn and gaming. Cointelegraph Accelerator’s newest strategic…

AI has a ‘symbiotic relationship’ with blockchain: CEO, Animoca Brands

Artificial intelligence (AI) has become a hot topic in public discord both in and outside of the emerging tech industry, after an increase in popularity of OpenAI’s chatbot ChatGPT.  At the Proof of Talk 2023 blockchain and Web3 conference in Paris, Cointelegraph sat down with Robbie Yung, the CEO of Animoca Brands to discuss the relationship between AI, blockchain and gaming. Robbie Yung CEO of Animoca Brands (left) with Cointelegraph Reporter Savannah Fortis at Proof of Talk 2023 in Paris. Source: Cointelegraph Yung told Cointelegraph that Animoca has been involved…

Shiba Inu (SHIB) Loses Over $1 Billion in Market Cap but There Are Positive Signs

Despite an industry-wide state of decline, Shiba Inu (SHIB) was a notable exception over the weekend. Meme coins have recently been facing significant corrections and Shiba Inu (SHIB) is no exception. Although the corrections are reflective of the state of the general cryptocurrency market, SHIB’s loss has been quite massive, threatening its rank as one of the top 20 crypto assets. In 30 days, Shiba Inu shed over $1 billion from its market capitalization. As of May 2023, the meme coin had a market cap of $5.12 billion, which now…

Binance CEO Accuses Binance Nigeria Limited of Operating as Scam

The only recognized Binance arm on the African continent is Binance Africa. Binance CEO Changpeng ‘CZ‘ Zhao recently took to Twitter to express his dissatisfaction with Binance Nigeria Limited, claiming that the company is a scam. CZ added that Binance has, therefore, issued a cease and desist notice to the alleged scammer entity. The notice serves as a legal warning, demanding that Binance Nigeria Limited immediately halt any activities falsely claiming association with the Binance brand. By taking this step, Binance aims to protect its reputation and dissociate itself from…

Most ‘fear’ in 3 months as $26.4K becomes key — 5 things to know in Bitcoin this week

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Bitcoin (BTC) emerges from a hectic macro week to circle some classic trend lines near $26,000 — what could happen next? After some brutal tests of traders’ resolve over the past seven days, the BTC price is still determined to hold familiar ground. Market participants are in “wait and see” mode as a lack of clear direction characterizes the largest cryptocurrency at the start of a new week’s trading. United States holidays mean traditional markets will only open on June 20, giving at least one day’s grace before any surprises…

ICO urges organisations to harness the power of data safely by using privacy enhancing technologies

The Information Commissioner’s Office (ICO) is recommending organisations to start using privacy enhancing technologies (PETs) to share people’s personal information safely, securely and anonymously. These types of technologies open unprecedented opportunities for organisations to harness the power of personal data through innovative and trustworthy applications, by allowing them to share, link and analyse people’s personal information without having access to it. PETs can be used to share anonymised personal information to detect and prevent financial crimes and related harms such as fraud, money laundering, and cybercrimes. The ICO has launched…