Month: July 2023

Crypto mining hardware retailer Phoenix Technology mulls IPO in UAE: Report

Crypto mining hardware provider Phoenix Technology is reportedly starting discussions to conduct an initial public offering (IPO) in the United Arab Emirates, according to a report by Bloomber.  The Bloomberg report cites anonymous sources who explained that discussions around the matter are still ongoing and the details are not yet finalized. Phoenix Technology is a UAE-based mining operator which is developing one of the largest mining facilities within the Middle East. The company has distribution rights for various tech hardware manufacturers throughout the Middle East, Africa and Turkey.  Cointelegraph reached out to Phoenix…

Twitter Community Notes hits 44 countries as Elon Musk seeks ‘truth’ for X

boss

Tech entrepreneur Elon Musk’s Twitter (rebranded to X) added contributors from 18 new countries to ensure the accuracy of the information being shared on the platform. As a result, Community Notes — the information watchdog on X — now has contributors from 44 countries in total. Ever since Elon Musk’s acquisition of Twitter, the entrepreneur claims he has envisioned transforming the platform into an everything app, which involved eradicating misinformation and preventing scam accounts from operating openly. Following Twitter’s rebranding to X, Musk expedited the transformational drive given the aggressive…

NFT-styled debit cards the future of Web3

boss

Animoca Brands co-founder and executive chairman Yat Siu sees significant potential in the personalization of Web3-based services as his firm earmarks $30 million to neobank platform hi. Siu’s investment firm plans to invest into the Web3 app that combines a cryptocurrency exchange, digital banking services and a customizable NFT-styled crypto debit card offering as part of its growing ecosystem.  Speaking exclusively to Cointelegraph, Siu said that hi’s vision for their NFT debit card offering intersects with his own views on the interplays of culture and Web3. hi’s flagship crypto-friendly Mastercard…

Crypto.com registers in the Netherlands, cleared to advertise services

boss

Crypto.com is the latest cryptocurrency firm to receive a green light from the Dutch central bank to offer its services in the country. The exchange announced that it had registered as a cryptocurrency service provider with De Nederlandsche Bank (DNB) following a comprehensive review of Crypto.com’s business and compliance with the country’s Anti-Money Laundering and counter financing of terrorism requirements. As previously reported, 36 cryptocurrency-related businesses are currently registered with the Dutch central bank, including Coinbase Europe, eToro and Bitstamp. Related: Coinbase enters the Netherlands with central bank approval Cointelegraph spoke exclusively to…

Binance, CZ challenge CFTC lawsuit, seek dismissal

boss

Crypto exchange Binance and its CEO Changpeng “CZ” Zhao requested the dismissal of a lawsuit filed by the United States Commodity Futures Trading Commission (CFTC). In a July 27 court filing, attorneys for Binance and CZ accused the CFTC of exceeding its regulatory authority and engaging in regulatory overreach. The filing states that the CFTC is attempting to regulate foreign individuals and corporations operating outside the United States, which goes beyond the limits of its statutory jurisdiction and interferes with well-established principles of comity with foreign sovereigns. Screenshot of the…

Will Bitcoin Price Soar Or Slump In The Coming Days?

boss

The Bitcoin price is currently in an uncertain situation. After BTC broke below the one-month trading range between $29.800 and $31.500, the bulls have so far failed to recapture this area. A first attempt failed on Wednesday at $29.725, a second effort on Thursday at $29.600. On the other hand, the bears currently also fail to push the price below the critical support at $29.000. In which direction the next movement will go is, as always, pure speculation, but data can give indications. Bullish Signal 1: Decreasing BTC Supply On…

SEC Implements Rule Requiring Companies, Including Crypto Firms, to Report Cybersecurity Breaches

Most listed companies already include cybersecurity risks in their investor documents, but, until now, the SEC did not mandate any disclosures from them. Public companies and foreign private issuers must also must describe how their board oversees cybersecurity risks and detail “management’s role and expertise in assessing and managing material risks from cybersecurity threats.” Source