“Similarly, Kraken has held at times more than $5 billion worth of its customers’ cash, and it also commingles some of its customers’ cash with some of its own,” the suit said. “In fact, Kraken has at times paid operational expenses directly from bank accounts that hold customer cash.” Source
RealOpen is live, offering a new solution for buying real estate with crypto. In an exclusive press release shared with crypto.news, the project’s creators said the platform solves major problems for crypto owners looking to buy a home—sidestepping public exchange fees and withdrawal limits, flattening large trade slippage, and eliminating the struggle to find crypto-friendly sellers. This launch, observers note, may present an opportunity for crypto owners keen on venturing into real estate. The real estate sector, despite the evolution over the years, still ranks as one of the most…
Republican U.S. Presidential candidate Vivek Ramaswamy unveiled a crypto policy framework on November 16 at the North American Blockchain Summit (NABS) in Fort Worth, Texas. Called, “The Three Freedoms of Crypto,” the framework states that developers of smart contract code should not be held liable for the actions of people who use the code. In the document, Ramaswamy vowed to “direct government prosecutors to prosecute bad actors, not the code they use and not the developers who write that code,” if elected President. In an accompanying speech, Ramaswamy specifically targeted…
Flare, an Ethereum-compatible network that prioritizes blockchain interoperability, is partnering with Bloxico, a technology company, to introduce a reputation score platform. In an exclusive press release shared with crypto.news, Flare said the platform aims to combine objective and publicly accessible on-chain data with subjective community data to calculate the reputation score of network users. With Flare Reputation Score, it will be easy for the blockchain to onboard new users. This is because scores derived from the platform will instantaneously provide a transparent evaluation of the trustworthiness of network participants. Flare…
The rise of artificial intelligence has introduced new possibilities for human expression and capabilities to create content. Simultaneously, the ability to do almost anything and to do so with a digital AI-generated identity has caused new problems to troubleshoot. According to data from Sumsub, the portion of fraud stemming from deep fakes more than doubled from 2022 to the first quarter of 2023, with the United States even seeing a rise from 0.2% to 2.6%. In recent months there have been multiple instances of celebrities like actors Tom Hanks and…
PancakeSwap has called on web3 gamifi developers to join Pancake Protector and Pancake Mayor in engaging its vibrant 1.5 million potential monthly players. PancakeSwap Finance (CAKE), a vibrant web3 ecosystem that was initially built on BNB Chain but grew to a multichain project, has introduced its PancakeSwap Gaming marketplace for both developers and gamers. According to the announcement, the PancakeSwap Gaming Marketplace will cater to gamifi developers by providing a platform to effortlessly build their projects and get exposure to a vibrant community. Additionally, the PancakeSwap Gaming Marketplace will offer…
In this week’s newsletter, check out Disney’s plans to release a nonfungible token (NFT) platform by the end of 2023 and find out why NFT sales volumes will likely continue their upward trend in the coming months. Read about China’s stance on NFT theft and why the CEO of Roblox “dreams” of interoperability. In other news, find out what caused eye-related complaints at the recent ApeFest event in Hong Kong. Disney launches NFT platform with Dapper Labs Disney has partnered with NFT company Dapper Labs to launch a digital collectible…
The initiative, NHL Breakaway, was announced in conjunction with Sweet, a platform for brands to create NFT collectibles under the Ethereum ERC-721 standard on Polygon and the Ethereum mainnet, as well as the Tezos standard for NFTs. Terms of the arrangement between the NHL and Sweet weren’t disclosed. Source
Binance Labs, the venture capital arm and incubator arm of crypto exchange Binance, said on Nov. 15 that it has invested in ARKM, the native token of the “deanonymizing” blockchain platform Arkham. The company said in a blog post on the website that the investment aims to support “on-chain insights at scale across the blockchain ecosystem.” “Arkham’s proprietary technology advances how on-chain intelligence is produced and shared,” Binance Labs investment director Alex Odagiu told Cointelegraph. The platform allows individuals or organizations to do their own research, in addition to enabling users to participate in…
“By partnering with Libeara to offer a tokenized Singapore dollar government bond fund for all our investors, we are ensuring that we can provide additional investment opportunities enabled by lower operating costs, higher transparency and higher operational efficiency,” Sue Lynn Lim, CEO and COO of FundBridge Capital said in the press statement. Source