Certain members holding high positions within the firm bill an hourly rate exceeding $2,000 for their professional services.
Decentral Block Post
EU finalizes controversial smart contract kill switch rules under Data Act
The Data Act was first proposed in early 2022 and passed by the European parliament on March 14.
Sony Network invests in Japanese Web3 startup to spur mass adoption
The deal includes an investment of $3.5 million, a Sony executive moving to Startale Labs and collaboration on new Web3 tools for mass adoption.
Sui Foundation denies it sold locked staking rewards on Binance
Sui was accused of dumping locked and non-circulating staked SUI tokens on Binance.
Worldcoin confirms it is the cause of mysterious Safe deployments
Twitter users noticed thousands of Safe deployments to Optimism, leading to speculation that it may be an attack, but the developer of Worldcoin confirmed that this activity was merely an app migration.
New Web3 ID app lets users find each other based on proven interests
Quivr allows users to connect multiple apps, including Spotify, Steam and Instagram, to generate behavior-based badges proving their interests.
Japanese and Singaporean regulators join forces on crypto pilot project
"Decentralized financial ecosystem continues to develop in complexity, and it is important to address emerging risks," said FSA official Mamoru Yanase.
Web3 firms are spending up to $25M on HK crypto licenses: Report
VASP expenditures are varying between 20 million to 200 million Hong Kong dollars as firms scramble to find Web3 talent for licensing.
Mythical Games raises $37M for in-game marketplace in Series C round
The company expects to raise another $20-$30 million when the full round closes in the coming months.
Digital pound will be pseudonymous with a focus on privacy: BoE CBDC chief
The underpinning technology for the UK CBDC could use a different ledger than the popular blockchain technology.
100 tokenized Teslas ‘democratize’ and ‘decentralize’ Web3 ride sharing
The co-founders of ELOOP and peaq told Cointelegraph that tokenizing high-value assets, like a fleet of ride-sharing cars, will help bring Web3 into the mainstream.
Riot Platforms to add 33,000 Bitcoin miners ahead of 2024 halving
The new rigs will add 7.6 EH/s to the firm’s self-mining capacity. However, the rigs won’t be installed until the first quarter of next year.
Australian banks claim 40% of scams 'touch' crypto as it defends restrictions
During a panel at the Australian Blockchain Week, executives from Australia’s major banks explained why they added restrictions on payments to local crypto exchanges.
Optimism network transactions surged 67% following Bedrock upgrade — Nansen
The Optimism layer-2 network saw less than 300,000 transactions per day around the time of the upgrade, but this number increased to over 500,000 afterward.
Breaking down the ongoing token impersonation scams with DeFi execs
Tres Finance co-founder Tal Zackon warned businesses to not use explorers when tracking their finances.
zkSync unveils new network of ‘Hyperchains’ — Testnet by end of year
zkSync Era’s new ZK Stack will use recursive scaling and “hyperchains” to create an ecosystem of interoperable protocols and sovereign chains.
Crypto travel rule implementation ‘remains relatively poor,’ says FATF
The United Nations body called on all member states to implement the Travel Rule “without delay” to close “loopholes” not currently protected by regulation.
Huobi sues… Huobi? 3AC rises from ashes, Korea crypto contagion: Asia Express
Huobi Global’s woes intensify, OPNX exchange volume up 2.5M%, 3AC is dead — long live 3AC Ventures, South Korea crypto contagion update.
Don’t follow the US: Blockchain Aus CEO hammers ‘regulation by enforcement’
Blockchain Australia, the country’s peak crypto industry body has announced a new CEO who wants to speed up the crypto regulatory process.
Terra Allies’ Six Samurai team aims to revive the ecosystem
The Terra Allies senior full stack engineering team, known as the Six Samurai, has presented their Q3 spend proposal, emphasizing their deep passion as Luna Classic holders.
ChatGPT plugin goes live for Hedera network
Users can view account balances through a network explorer or programmatically retrieve them via the mirror node Rest API, which the plugin will utilize.
Bitcoin’s ‘Great Accumulation,’ Binance.US resumes fiat withdrawals, and other news: Hodler’s Digest, June 18-24
Bitcoin’s “Great Accumulation” period has begun, Binance.US withdrawals resume, and the U.K. prepares for its upcoming crypto regulation.
Shiba Inu burn Twitter account experiences suspension
Shibburn said that Twitter’s developer portal indicates a violation of Twitter rules and policies by its app.
Trader takes $4M short position on TrueUSD as issuer halts mints and redemptions
An Ethereum user used Aave’s v2 lending platform by depositing 7.5 million USDC as collateral.
Crypto Biz: The race for a Bitcoin spot ETF, Wall Street’s new crypto exchange, and other news
The bid for the first Bitcoin (BTC) spot exchange-traded fund (ETF) in the United States is gaining traction following BlackRock’s recent application.
Judge blocks Bankman-Fried’s attempt to obtain key documents in fraud prosecution: Report
The request was denied by U.S. District Judge Lewis Kaplan, who characterized it as a “fishing expedition” lacking justification.
Crypto City guide to Sydney: More than just a ‘token’ bridge
A “full-on” crypto scene and “heaps” of Web3 projects in Australia’s largest city show Sydney has more to offer than beaches and a bridge.
Crypto scammers and the need for tools to prevent theft: World Token Summit
Matthias Mende said while it’s very unfortunate, there are a lot of bad actors using social media who are constantly trying to bring harm to others.
JPMorgan bank deploys JPM Coin for euro-denominated payments
Germany’s conglomerate Siemens AG was reportedly the first company to process euro-denominated payments using JPM Coin.
Crypto.com receives regulatory approval to offer crypto services in Spain
The latest regulatory approval for the crypto exchange comes within weeks of getting a MPI license from regulators in Singapore