Ripple is staring down an opportunity to fix its closed system
Ripple Labs built its XRP token on a centralized system. But with legal action against Ripple coming to a close, it could move toward a more open platform. In July,…
Franklin Templeton files for spot Bitcoin ETF
Several prominent financial institutions have filed for spot Bitcoin products in recent months. Asset manager Franklin Templeton applied with the United States Securities and Exchange Commission on Sept. 12 to…
Bitcoin ETF optimist and Worldcoin skeptic Gracy Chen: Hall of Flame
Gracy Chen is managing director of crypto exchange Bitget and judge of Web3 reality show Killer Whales. Gracy Chen, managing director of global cryptocurrency exchange Bitget, advised her followers and…
Binance pledges $3 million in BNB to Morocco earthquake victims
Binance said it will issue a series of airdrops worth up to $100 in BNB to users verified to be located in the highly impacted Marrakech region of Morocco. After…
Are NFT markets in a death spiral or ready for a resurgence?
NFTs have taken a massive hit since the 2021 bull market, but some experts say they could make a comeback. Nonfungible tokens (NFTs) saw a massive surge in popularity in…
Manta Network’s L2 hits mainnet to drive ZK-enabled DApp development
Manta Network has launched its zero-knowledge proof layer-2 scaling network, which promises lower fees and higher throughput for developers looking to deploy decentralized applications. The ecosystem of layer-2 blockchain solutions…
Bitget exec says KYC is useful to filter out illegitimate users
Bitget managing director Gracy Chen said that if users are not doing illegitimate activities like money laundering, they should be “pretty comfortable” with the KYC process. Crypto exchange Bitget has…
Binance.US calls SEC’s court requests ‘unreasonable’ in new filing
Binance said the SEC’s requests are “unduly burdensome” soon after the parties agreed on a joint motion to file confidential information under seal. Binance.US has responded to the motion to…
CNA Insurance excludes NFTs from coverage of $20M trust policy
The insurer attached an exclusion saying that any losses, damage, claim, occurrence or lawsuit related to NFTs are not covered by the policy. CNA Financial, the seventh-largest commercial insurer in…
CFTC commissioner plans to modernize investor protection with technology
To minimize the damages caused by financial fraud, Romero proposed the formation of the National Financial Fraud Registry, a centralized record of all crimes and fines related to financial fraud.…
Bitcoin price must take $26K, trader says after ‘textbook short squeeze’
Bitcoin shorts start to suffer thanks to a $1,000 BTC price relief rally, but key resistance remains in place. Bitcoin (BTC) rebounded off three-month lows on Sept. 12 as traders…
DeFi group petitions to stop ‘patent troll’ targeting DeFi protocols
The DeFi Education Fund says a patent owned by True Return Systems is being used to try to profit from lawsuits against decentralized protocols. A decentralized finance (DeFi) advocacy body…
Metaverse is dead in the West, but ‘so hot’ in Asia: Sandbox co-founder
Sandbox co-founder Sebastien Borget says the metaverse sector is thriving in Hong Kong, Korea and Japan. The metaverse might feel like it’s “dead” for users living in the United States,…
Hackers behind $41M Stake heist shifts BNB, MATIC in latest move: CertiK
A total of $4.8 million in funds have now been moved by the hacker to Bitcoin and now Avalanche. The hackers behind cryptocurrency casino Stake’s $41 million hack have shifted…
Stablecoin de-pegging plagued USDC and DAI more than others: Analysts
Stablecoins from Circle and MakerDAO have been more unstable than those from Tether and Binance over the past couple of years, according to a new report from S&P Global. Dollar-pegged…