Computers used to secure cryptocurrencies such as bitcoin consume significant amounts of power, leading to increased electricity prices and potentially contributing to climate change. Now, the US government is determined to address the issueExperts caution that the US government’s proposal to tax cryptocurrency miners, aimed at curbing the industry’s significant …
Read More »Former Meta workers’ company, Aptos, is testing Hong Kong’s interest in cryptocurrency
Following the legalization of cryptocurrency trading in Hong Kong last June, blockchain projects from Western countries have shown increased interest in the Asian financial hub. A16z and Tiger Global are supporting the blockchain network Aptos, which a group of former Meta employees developed.Aptos, founded by former members of Meta’s Diem …
Read More »Worldcoin is set to unveil a new Orb that will give its eyeball scanning device a more approachable appearance
It has been slightly over 180 days since Worldcoin publicly launched, and the Orb device, with its futuristic appearance, is receiving an upgrade. Alex Blania, CEO and co-founder of Tools for Humanity, shared this exclusive information with TechCrunch. “The new orb is on its way,” Blania mentioned during a fireside …
Read More »Judge to weigh competition harm vs. Google gains in search antitrust case
Two weeks ago, the U.S. Justice Department completed its evidentiary phase in its Google antitrust trial, with closing arguments scheduled for May 2024. Can an industry giant legally engage in anticompetitive business practices if they improve its product and its customers’? Apparently, Judge Amit Mehta has “no idea” how he …
Read More »Asia offers hope amid the crypto winter
At Token2049, it was hard to tell the crypto industry was in “winter” mode. The September crypto conference in Singapore drew an unprecedented 20,000 attendees, who visited hundreds of side events across the city to avoid the expensive main event ticket. While the government’s actions against FTX, Ripple, Binance, and …
Read More »The SEC smokes Mila Kunis and Ashton Kutcher’s ‘Stoner Cats’ NFTs
It’s Wednesday, and Mila Kunis and Ashton Kutcher have had a terrible week. The SEC charged the Hollywood power couple’s NFT-based web series, “Stoner Cats,” with unregistered securities. The SEC states, “Stoner Cats is an adult animated television show about house cats that become sentient after being exposed to their …
Read More »Telegram launches a global self-custodial crypto wallet, excluding the US
Telegram, with 800 million monthly users, is launching a self-custodial crypto wallet. The move will solidify its presence in the vibrant crypto community that has grown from its chat platform and may attract more people to crypto. Telegram and TON Foundation announced TON Space, a self-custodial wallet, on Wednesday at …
Read More »First NFT enforcement case settled, SEC fines LA media company $6M
The SEC is suing a non-fungible token project for selling unregistered NFTs for the first time. The SEC order stated that Impact Theory, a Los Angeles-based media company, “encouraged potential investors to view the purchase of Founder’s Key [the company’s NFT project] as an investment into the business, stating that …
Read More »Hong Kong wants stablecoin regulation by 2024
Hong Kong is regulating stablecoins while the West debates how to regulate them. According to local media, the Hong Kong Monetary Authority (HKMA) is seeking public feedback on stablecoins and plans to introduce a regulatory framework by 2024. After TerraUSD (UST) and FTX collapsed, the U.S. government toughened its stance …
Read More »Crypto after death?
Imagine a crypto-rich relative or friend dies. While grieving, you may also wonder what happens to their assets. If they left any, how do you get them? Jaime Herren, a Holland & Knight attorney, advises young cryptocurrency holders to consider these questions. Estate planning is often overlooked as the crypto …
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