Tag: Digital

Some Users May Want an ‘Everything App’, but What We Need Is Digital Sovereignty

At a time when our lives are only becoming increasingly digital, why should we hand all of our information to centralized, opaque organizations that have a track record of using it unethically? Sure, these services can be profoundly convenient, and many people undoubtedly enjoy having one user-friendly application that can manage so much of their digital and real lives, but what’s the price? Source AppDigitalSovereigntyUsers CryptoX Portal

US lawmakers urge White House to address North Korea’s use of digital assets: Report

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Three members of the United States Senate have reportedly sent a letter to the White House and Treasury Department in an effort to crack down on North Korea using cryptocurrency to fund its nuclear program and evade sanctions. According to an Aug. 4 report in The Wall Street Journal, Sens. Elizabeth Warren, Tim Kaine and Chris Van Hollen requested the Biden administration provide information on how the U.S. government was working to address the illicit use of digital assets by the Democratic People’s Republic of Korea. The letter cited reports…

Crypto Investor HashKey Aims to Raise $100M for New Digital Assets Fund

HaskKey Capital, a digital asset financial services firm, announced plans to launch a liquid digital assets fund regulated by the Hong Kong Securities and Futures Commission (HK SFC) on September 1. HashKey is aiming to raise at least $100 million for the open-ended fund, which will focus entirely on virtual assets, a HashKey representative told CoinDesk. Original Source 100MAimsAssetsCryptoDigitalFundHashkeyInvestorRaise CryptoX Portal

Digital Bank Revolut Suspends U.S. Crypto Operations Citing ‘Regulatory Environment’

The platform said it took the “difficult decision” with its U.S. banking partner because of an “evolving regulatory environment” in the country. Regulators there, led by the Securities and Exchange Commission, have been cracking down on crypto, targeting exchange platforms like Coinbase (COIN) and Binance, as well as a host of individual tokens including Solana’ SOL and Polygon’ MATIC, alleging violations of federal laws. Source

Digital Dollar Project completes CBDC retail remittance pilot with Western Union

The Digital Dollar Project (DDP) announced the completion of a pilot study of remittance payments to the Philippines using a simulated retail central bank digital currency (rCBDC). Western Union and BDO Unibank were partners in the project. The project used a version of the DDP’s Champion Model. In it, a simulated central bank issued CBDCs to an intermediary bank, which provided access to it to Western Union (WU) for remittance to a BDO Unibank customer in the Philippines. WU used a decentralized exchange (DEX) to trade a dollar CBDC for…

Shiba Inu DeFi Aspirations May Rattle DOGE’s Market As SHIB Turns To Digital IDs

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Initially tagged as a meme coin, Shiba Inu has been reinventing itself, aiming to break away from its meme coin status and step into the league of serious Decentralized Finance (DeFi) contenders, according to a new report. A key step towards this transformation involves an innovation that is about to reshape the Shiba Inu ecosystem: Digital Identity Verification. Embracing Digital Identity In The Shiba Inu Ecosystem In a push to improve the platform’s credibility among users and governmental entities, the Shiba Inu project is said to integrate Digital Identity Verification…

Marathon Digital Solidifies Position as World’s Largest Publicly Traded Bitcoin Miner

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Shiba Inu Will Tie Digital Identity to All Applications in a Bid to Move Away From Meme Coin Status

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CryptoX is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CryptoX is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CryptoX employees, including editorial employees, may receive exposure to DCG equity…