News
Nifty News: Trump drops more NFTs ahead of presidential run, Meta opens to teens and more
Trump’s first NFT collection has seen its value plummet by more than 60% following the latest launch which comes ahead of his 2024 presidential bid. Trump drops series 2 NFT collection ahead of presidential runAnother round of digital nonfungible tokens (NFTs) trading...
Israel’s central bank says CBDC could be issued if stablecoin use increases
The Bank of Israel does not want private companies taking over the digital payments system in the country. The Bank of Israel says it's preparing an action plan for the potential issuance of a central bank digital currency (CBDC),though a formal decision has yet to be...
Rep. Davidson to introduce legislation to fire SEC boss Gensler for crypto overreach
A U.S. Representative has declared he will introduce legislation to have SEC boss Gary Gensler removed from his role. Securities and Exchange Commission (SEC) chair Gary Gensler could be facing unemployment after United States Representative Warren Davidson declared...
Elon Musk reaffirms AI’s potential to destroy civilization
Speaking about artificial intelligence's potential for civilizational destruction, Musk said, “Anyone who thinks this risk is 0% is an idiot.” While tech giants across the world work on materializing the idea of having a generative artificial intelligence (AI) to aid...
Crypto phishing attacks up by 40% in one year: Kaspersky
Russian cybersecurity and anti-virus provider Kaspersky detected 5,040,520 crypto phishing attacks in the year as compared to 3,596,437 in 2021. When it comes to cryptocurrency-related cyberattacks, bad actors have seemingly reduced the use of traditional financial...
OpenBazaar marketplace says it’s set to ‘grow again from the ashes’
After shutting down in 2020 due to financial issues and poor user growth, the decentralized marketplace appears set to rise again. The decentralized marketplace OpenBazaar appears set for a comeback after it was shut down over two years ago, according to a number of...
Crypto VC funding hits 2-year low, US firms still favorite: Galaxy Research
Despite macroeconomic headwinds, a Galaxy Research report says activity could rebound in the second quarter of 2023 following recent crypto price increases. Venture capitalist (VC) investment into crypto firms continued to fall in the first quarter of 2023, yet...
US needs to regulate stablecoins to keep a strong dollar: Stellar CEO
The United States and the greenback will suffer if stablecoin regulations are not rolled out this year, Stellar Development Foundation's chief has claimed. United States financial regulators are tightening their grip on the crypto industry and the U.S. dollar has also...
Presidential hopefuls RFK Jr. and DeSantis rally against FedNow
The two presidential hopefuls are of the opinion that FedNow is the first step in launching a CBDC that threatens privacy and autonomy. Presidential hopefuls Robert F. Kennedy Jr. (RFK Jr.) and Ron DeSantis are rallying against the Federal Reserve’s FedNow payments...
‘Right time’ for Hong Kong’s Web3 push despite market flux — Financial Secretary
Hong Kong has already taken serious steps to develop the Web3 industry and its Financial Secretary says now is the right time to keep moving forward. Now is the "right time" for Hong Kong to push forward with Web3 despite the crypto market fluctuations, according to...