NewsRoom Articles - Page 44 of 177

MondayJun 05, 2023 9:00 am

UAE and Hong Kong Collaborate on Rulemaking for Crypto Industry

In a significant development for the cryptocurrency industry, the Monetary Authority of Hong Kong (HKMA) and the UAE Central Bank (CBUAE) have joined hands to foster cooperation and establish regulatory frameworks. The two entities met on May 30, 2023; the meeting signified the announcement of their intent to collaborate on matters related to digital asset regulations, knowledge sharing and fintech initiatives. Recognizing the importance of market connectivity and financial infrastructure, both central banks expressed their commitment to strengthening ties between their jurisdictions. H.E. Khaled Mohamed Balama, the governor of CBUAE, emphasized the potential for a long-term relationship with the HKMA,…

FridayJun 02, 2023 12:00 pm

Crypto Insurance Still Hard to Work Out, Insiders Say

Cryptocurrency insurance providers spend a significant amount of time determining whether to insure a crypto enterprise, and nearly none of them offer coverage to individuals. With only exploits and hacks taken into account, $3.9 billion was stolen from cryptocurrency businesses, decentralized financial platforms and consumers in the past year, a staggering 22% increase from the year before. Some think that 2023 might even be worse. The initial risk assessment of a cryptocurrency platform is a difficult procedure, according to Raymond Zenkich, head of Evertas, a cryptocurrency insurance company. Zenkich stated that underwriting, which is the process of analyzing and assessing…

ThursdayJun 01, 2023 10:30 am

Internet Commerce Evolution in Spotlight at Web3 Berlin Conference, With Focus on NFT, Crypto, Development

As the Internet becomes a worldwide driver of communication and culture, enthusiasts from diverse business and entertainment backgrounds continue working toward the Internet’s evolution into a content ownership, decentralized community known as Web3. The leadership team behind the inaugural Web3 Berlin (“W3B”) conference is determined to see it become Europe’s largest gathering of innovators in the Web3 ecosystem with gatherings on an annual basis. The two-day event will take place at Berlin’s Estrel Congress Center (“ECC”) on June 10-11, hosting hundreds of speakers and panelists, exhibitor spaces, networking opportunities and a variety of side events such as a gamer gathering,…

ThursdayJun 01, 2023 9:45 am

5th Annual Blockchain Futurist Conference Guarantees a Crypto Experience Like No Other

This summer, Canada’s largest crypto, web3, and blockchain event – Blockchain Futurist Conference – returns to Rebel Entertainment and Cabana Pool Bar in Toronto, assembling more than 6,500 attendees and over 150 speakers. The unconventional venue will provide the perfect setting for a two-day one-of-a-kind crypto experience slated for August 15-16, 2023. The event will feature three stages, two floors of expo booths, crypto marketplaces, NFT galleries, blockchain bootcamps for beginners, networking events, and two developer hackathons: ETHToronto and ETHWomen. The Main Stage will host a curated list of top speakers who will deliver presentations and industry keynotes on the…

WednesdayMay 31, 2023 10:30 am

ChatGPT’s Top Seven Forecasts for Crypto Industry by 2033

The cryptocurrency industry emerged around a decade ago with the introduction of the Bitcoin network in 2009. While there have been significant developments in the field during this time, it is also interesting to speculate on the potential future scenarios for the next decade. To provide insights into this matter, CryptoPotato sought the opinions of ChatGPT, a widely popular artificial intelligence chatbot. Here are some compelling forecasts the AI platform shared regarding the future of crypto: Increased mainstream acceptance ChatGPT anticipates a significant rise in mainstream adoption of cryptocurrencies, with Bitcoin and alternative coins playing a substantial role in the…

FridayMay 26, 2023 12:00 pm

Growing Crypto Uptake Increases Demand for Blockchain Forensic Investigation Experts

The world of divorce proceedings is facing new challenges as cryptocurrency becomes an increasingly common asset that needs to be divided between separating spouses. Cryptocurrency investments, such as Bitcoin, have gained popularity in recent years, with one in five Americans having invested, traded or used cryptocurrency. However, these digital assets can be easily hidden and difficult to trace, creating complications during divorce settlements. Divorce attorneys and forensic investigators have found themselves in a new job category, as they are now responsible for hunting down hidden crypto stashes. Divorce attorney Kelly Burris explains that cryptocurrency assets can be easily hidden by…

WednesdayMay 24, 2023 12:00 pm

How Adverse Weather Events, Crypto Slump Accelerated US Debt Ceiling Deadline

Without legislation lifting the debt ceiling, the U.S. government may soon be unable to pay its debts. But for some unexpected reasons, the “X-date” might be on an expedited timeframe. The Congressional Budget Office had predicted that the X-date would occur between July and September of this year. However, this month, Janet Yellen, the treasury secretary, wrote to House Speaker Kevin McCarthy stating that the treasury anticipated that it wouldn't be able to continue paying all of the government's obligations as early as June 1, 2023. This week, she reaffirmed the same timeline. Although the Treasury Department hasn't specifically said…

WednesdayMay 24, 2023 11:15 am

The 5th Annual Blockchain Futurist Conference to Support Crypto Ticketing Powered by EukaPay

Organized by Untraceable Events, the 5th annual Blockchain Futurist Conference will be held August 15-16 in Toronto The conference is considered Canada’s largest and most high-profile crypto, web3, and blockchain event attracting over 6,500 attendees and more than 150 speakers Attendees will get to purchase tickets using crypto thanks to a partnership between the organizers and EukaPay, a cryptocurrency payments processor EukaPay is launching a campaign on Bitcoin Pizza Day that will see ticket buyers enjoy 50% off on the prices of both general and VIP tickets, provided they use crypto Canada’s largest and most high-profile crypto, web3, and blockchain…

MondayMay 22, 2023 12:00 pm

Ripple Acquires Swiss-Based Crypto Startup as Crypto Rules Remain Murky

Blockchain company Ripple announced on Wednesday that it has acquired Swiss-based firm Metaco, a company that securely stores digital assets on behalf of clients, in an effort to increase its clientele globally and diversify its offerings. Though the terms weren't made public, Ripple CEO Brad Garlinghouse revealed that the company spent $250 million for the deal, calling it the year's largest acquisition. Through the acquisition, Ripple will have access to the Harmonize infrastructure from Metaco as well as the capacity to safely hold, distribute and settle any kind of tokenized asset. In turn, Metaco has direct access to Ripple's numerous…

FridayMay 19, 2023 10:30 am

G7 Members Urge for Expeditious Implementation of Cryptocurrency Asset Movement Regulations

A recent meeting was held in Niigata, Japan, by G7 committee members. The members gathered to talk about, among other things, the legal and financial repercussions of CBDCs and digital asset transfers. In a statement that summarized the deliberations, the committee emphasized its support for the creation of CBDCs, with the proviso that more research was required to make sure they were based on openness, data protection, cybersecurity and good economic governance. In the statement, the committee expressed appreciation for the International Monetary Fund's (IMF) efforts to create a CBDC Handbook and expressed anticipation for the first batch of deliverables…