Tag: Report

Reddit Is Weighing World’s Scanning Orbs For User Verification: Report

boss

Social media platform Reddit is reportedly considering using the iris-scanning orbs developed by World — a project by Tools for Humanity, co-founded by OpenAI CEO Sam Altman — for its user verification system. According to a Friday Semafor report citing two people familiar with the matter, the platform is weighing the World ID system as a way for Redditors to verify that they are unique individuals. The report suggested that the verification system could still allow users to remain anonymous if they chose to do so. In response to the…

Norway to Temporarily Ban Bitcoin Mining: Report

Key Notes Norway will temporarily ban the establishment of new data centres that mine cryptocurrency. The authorities think this operation does not generate jobs or contribute to income for the local community. Cambridge reports that half of Bitcoin mining is powered by low-carbon or renewable energy sources. . Norway is considering a temporary ban on Bitcoin BTC $105 550 24h volatility: 1.0% Market cap: $2.10 T Vol. 24h: $23.08 B mining operations in its region. The authorities are concerned about the massive use of electricity and its impact on…

South Korea Central Bank Won’t Oppose Stablecoin: Report

boss

The head of South Korea’s central bank has reportedly said he is not against the country issuing a won-based stablecoin, but is still concerned about managing the foreign exchange of the token. Reuters reported on Wednesday that Bank of Korea Governor Rhee Chang-yong said at a press conference that “issuing won-based stablecoin could make it easier to exchange them with dollar stablecoin rather than working to reduce use of dollar stablecoin.” That in turn could increase demand for dollar stablecoin and make it difficult for us to manage forex,” he…

Only 30% Of Russian Crypto Miners Report To Tax Authority

boss

Russia’s cryptocurrency laws have not convinced most mining businesses to register with authorities, as only 30% of the miners have entered the Federal Tax Service Register since late 2024. The Russian government began enforcing two crypto mining-related bills in October and November 2024, introducing legal definitions and registration requirements for mining businesses. Still, 70% of the miners remain underground, Finance Ministry official Ivan Chebeskov said, according to a report by local news agency TASS on Thursday. “When introducing mining regulations, our general approach was to bring this industry out of…

Spanish bank BBVA advises wealthy clients to invest in Bitcoin: report

boss

Spanish banking giant BBVA is reportedly advising its wealthiest clients to buy Bitcoin, just months after announcing plans to offer cryptocurrency trading to its customers. According to a report by Reuters, BBVA has advised its top money clients to have 3% to 7% of their portfolio allocated to Bitcoin (BTC) and cryptocurrencies.  The suggested allocation depends on an investor’s risk appetite, said Philippe Meyer, Head of Digital & Blockchain Solutions at BBVA Switzerland. Speaking at the DigiAssets conference in London, Meyer revealed that the bank has been advising its private…

Interchain Labs, Asymmetric Research, and SEAL Alliance Publish Report on Contained DPRK-Linked Social Engineering Attempt; Report Confirms No Impact on Cosmos Stack Security – Branded Spotlight Bitcoin News

boss

Interchain Labs, Asymmetric Research, and SEAL Alliance Publish Report on Contained DPRK-Linked Social Engineering Attempt; Report Confirms No Impact on Cosmos Stack Security – Branded Spotlight Bitcoin News You need to enable JavaScript to run this app. Original

Coinbase and Gemini Eyeing Multiple EU MiCA Licenses: Report

Key Notes The EU’s MiCA framework is becoming more attractive to top crypto exchanges. Coinbase and Gemini are among the firms looking to expand their regional footprint. Despite the growing number of MiCA licenses issued, concerns about fraud are growing. Coinbase and Gemini, two of the world’s largest cryptocurrency firms, are getting set to secure licences from countries in the European Union. These licences will grant the exchanges access to operate across the region. Notably, this news comes when regulators in certain jurisdictions are beginning to voice their concerns about…

Anthony Pompliano plots $750m Bitcoin buy via SPAC merger: report

boss

Anthony Pompliano, one of crypto’s most recognizable names, is reportedly preparing to take the helm of a new public company with a singular mission: buying Bitcoin. Pompliano, known for his influential podcast and massive following on X, is expected to become CEO of ProCapBTC, a new entity planning to raise $750 million to purchase Bitcoin (BTC) directly.  The company aims to go public through a merger with Columbus Circle Capital 1, a special purpose acquisition company backed by investment firm Cohen & Company, according to Financial Times reporting.  The deal…

Amazon and Walmart Plotting Stablecoin Issuance Moves: Report

Key Notes American multinationals Amazon and Walmart are considering issuing their USD-pegged stablecoins. Taking this route may strain the traditional financial system that relies on these firms. This development signals an increase in mainstream adoption of stablecoins. . The era of stablecoins has successfully reached the doorsteps of top merchandise platforms Amazon.com Inc (NASDAQ: AMZN)  and Walmart Inc (NYSE: WMT). According to the Wall Street Journal (WSJ), both firms are considering the possibility of issuing stablecoins backed by the United States dollar. Handing Liquidity from TradFi to DeFi With Stablecoins With…

Walmart and Amazon eye dollar-pegged stablecoins to cut payment costs: report

U.S. retail powerhouses Walmart and Amazon are reportedly weighing the launch of their own dollar-pegged stablecoins. Per a June 13 WSJ report, the companies are said to be exploring how stablecoin launch and integration could help streamline payment systems, significantly cut processing fees, and reduce reliance on the traditional banking infrastructure. By issuing their own tokens, both firms could shift massive volumes of daily transactions onto the blockchain, offering more efficient payment flows. Citing sources familiar with the matter, the report also noted that other major players, including Expedia Group…