The proposed amendments to the rules for crypto issuers, exchanges and custody platforms include increases to all supervision fees. Instead of a 100,000 naira ($64) application fee and a 30 million naira registration fee, the Securities and Exchange Commission (SEC) now wants 300,000 naira with every application and hopes to charge crypto firms a 150 million registration fee. Source
Under the so-called partnership, Ritual will begin posting its user-made AI models to Story Protocol to “prove that outputs like text, image, and voice are generated by specific models” and provide “advanced watermarking schemes that will give developers stronger security guarantees around provenance and traceability,” Story Protocol said in a statement. According to Story Protocol co-founder Jason Zhao, a new software development kit (SDK) is also in the works that will allow Ritual developers to seamlessly register their models as “IP Assets” on Story Protocol. Source
“We give all the software to the customer side, not just a bit of the key. So they basically run everything on their side,” Higgs said. “We reduce ourselves to a simple vendor/supplier relationship where we just do code updates. You don’t need us to sign things, you don’t need us to change things on a day-to-day operational basis, you’re fully independent. I think for firms like Jump, who have a lot of regulatory oversight, that solves a lot of headaches.” Source
Israel has taken a significant step in the cryptocurrency domain by green-lighting a pilot for BILS, the first stablecoin pegged to the New Israeli Shekel. Bits of Gold and Israeli Authority Launch BILS Stablecoin in Regulatory Sandbox The initiative, spearheaded by the crypto broker Bits of Gold in collaboration with the Israeli Capital Market, Insurance […] Source CryptoX Portal
A U.S. court has allowed Terraform Labs to hire law firm Dentons to defend the company in a lawsuit brought against it by the U.S. Securities & Exchange Commission (SEC) in Jan. 2024. Source
Gluwa, a platform for real-world assets, announced on March 7 its partnership with the Central Bank of Nigeria. The partnership arrangement aims to improve the functionality of the Nigerian central bank’s digital currency and promote financial innovation through blockchain technology. Improving the CBDC’s Utility Gluwa, a real-world assets platform, has entered into a partnership arrangement […] Source CryptoX Portal
Cyber gang BlackCat allegedly scammed its own affiliates as the group went dark shortly after it disrupted the U.S. healthcare system. An address associated with the ransomware gang BlackCat, also known as ALPHV and Noberus, received approximately $22 million worth of Bitcoin (BTC) on Mar. 1 following a late February attack on United Healthcare’s Change Healthcare, a tech firm providing services to hospitals and clinics. However, a twist emerged two days later when the address received over 1,000 BTC and promptly emptied the wallet. Subsequently, an individual named “notchy,” claiming…
In a series of statements made on X (formerly Twitter), Marc van der Chijs, the CEO of the publicly traded Bitcoin mining firm Hut 8, shared an optimistic outlook on the future of Bitcoin, suggesting that the cryptocurrency may be on the brink of a ‘supercycle.’ “I think I have never been more bullish about Bitcoin than I am right now,” he remarked, pointing to the cryptocurrency’s recent performance and the absence of widespread hype as a prelude to what he terms a ‘supercycle.’ Understanding the concept of a ‘supercycle’…
Oliver Michel, founder and CEO of German-based venture capitalist firm Tokentus Investment AG, has given a bullish price prediction for the XRP price. According to him, XRP could hit $10 soon enough. XRP Price To $10 Is Just The Beginning Michel mentioned during an interview with Der Aktionär, a leading German finance magazine, that he expects XRP to rise to between $5 and $10 in the first wave of its parabolic move to the upside. Interestingly, he added that XRP would eventually hit three to four figures and didn’t seem…
The U.S. Securities and Exchange Commission (SEC) has raised objections to a $166 million retainer payment to lawyers of Terraform, according to Reuters. Source