Swiss cryptocurrency bank SEBA Bank has received an approval-in-principle (AIP) from Hong Kong’s Securities and Futures Commission (SFC), as the crypto-native bank seeks to grow its footprint across Asia. In a statement shared with The Block on Wednesday, SEBA said it has obtained the AIP for its license application that will allow it to deal […]
A series of transactions unfolded recently, leading to the transfer of around 16 trillion PEPE tokens worth $15 million from the PEPE multisig CEX wallet to various exchanges. This action was executed by three former team members. Notably, adjustments were made to the signature requirements, leaving the multi-sig in a weakened state with a remaining […]
The U.S. Securities and Exchange Commission (SEC) is looking to appeal a recent court decision that went against the regulator in its high-profile lawsuit against Ripple Labs. On Friday, the SEC filed a motion asking Judge Analisa Torres of the U.S. District Court for the Southern District of New York for permission to appeal her […]
A new study reveals TikTok has become a major hub for cryptocurrency, with certain countries and crypto assets generating billions of views. The analysis examined the top hashtags, locations, and coins discussed on TikTok’s burgeoning crypto community. It paints a picture of which parts of the crypto industry have gained the most traction on the […]
A new report from banking giant Citi suggests central bank digital currencies (CBDCs) are gaining traction among financial institutions as a tool to shorten settlement cycles in the coming years. The 2022 edition of Citi’s Securities Services Evolution white paper surveyed 483 firms on the role of emerging technologies in speeding up post-trade settlement to […]
In the latest crypto collaboration, payments provider MoonPay is enabling users to fund their Binance.US accounts amid the exchange’s ongoing banking difficulties. According to a report by Bloomberg on August 23, MoonPay is allowing Binance.US customers to use its services to convert dollars into tether (USDT) stablecoins. Users can then trade these USDT for other […]
DBS Bank, Singapore’s largest bank, today revealed the next phase of its metaverse project – a virtual world dubbed “DBS BetterWorld” aimed at driving social impact through gamification. Slated to launch later this year, BetterWorld will immerse users in interactive adventures centered around food sustainability. Players will complete activities inspired by real-world businesses backed by […]
While producing one Bitcoin in Italy costs over $200,000, in some countries it’s hundreds of times cheaper, according to a recent report by CoinGecko. The report looked at the profitability of solo Bitcoin mining based solely on average household electricity costs across different countries. It found mining is only profitable in 65 countries worldwide, with […]
A recent court decision has reinforced that artworks created solely by artificial intelligence (AI) cannot be copyrighted, amid growing concerns about AI threatening the creative industries. United States District Judge Beryl Howell upheld the U.S. Copyright Office’s stance that AI creations do not meet the authorship criteria required for copyright protection. This verdict came in […]
A long-inactive Ethereum address containing a sizable balance has suddenly sprung to life after over eight years of inactivity, transferring funds, and igniting curiosity. According to the blockchain tracking platform Whale Alert, the address in question held 191 Ethereum, valued at approximately $319,908 at the time of the transfer. The address was linked to an […]