An appeal has been submitted by the Australian Securities and Investments Commission (ASIC) against a decision made by a federal court that rejected the action that it had brought against Finder Wallet Pty Ltd and its cryptocurrency product known as “Earn”. The court had previously determined that Finder Wallet was in accordance with the laws … Continue reading ASIC Appeals Federal Court Ruling on Finder Wallet's "Earn" Product
Worldcoin’s World App has achieved a major milestone, surpassing 10 million users since its launch in June 2023. The app, which aims to create a universal basic income, has gained significant traction and popularity among users worldwide. World App: A Gateway to Universal Basic Income The World App, developed by Worldcoin, offers users the ability … Continue reading Worldcoin (WLD) World App Reaches 10 Million Users
In driving financial inclusion and FinTech adoption in emerging markets, Ray Youssef, CEO of Paxful explains the key challenges in Bitcoin adoption in Africa and the strategies penetrating into the African markets. We are glad to have an in-depth interview with Ray, on Paxful’s strategies into Africa and Latin America. He also explained the biggest … Continue reading Exclusive: Bitcoin – The Killer App in Africa and Latin America?
Earlier this year, the New York Attorney General’s office has made allegations against Bitfinex of using up Tether’s cash reserves in April 2019. The accusations were made regarding the cryptocurrency exchange of losing $850 million, and thereafter taking funds from Tether’s reserves to cover the loss. The NYAG office started to investigate iFinex Inc, the … Continue reading Bitfinex and Tether's Appeal Rejected by New York Judge
The United States Commodities and Futures Trading Commission (CFTC) confirmed that LedgerX has not yet been approved to offer physically-settled Bitcoin futures in contrary to previous announcements. LedgerX has officially launched their product on July 31, as they revealed to CoinDesk that they had launched the first physically-settled Bitcoin futures contracts in the U.S, surpassing Intercontinental Exchange’s Bakkt and TD Ameritrade-backed ErisX. CEO of LedgerX, … Continue reading LedgerX “Not Yet Approved” by CFTC to Launch Physical Bitcoin Futures
The American commerce giant Walmart filed for a patentapplication for a drone communication system entitled “Cloning Drones Using Blockchain” in January 2019. The United States Patent and Trademark Office published the patent on August 1. Blockchain technology is utilized to transmit information such as drone identification numbers, flight speeds, flight routes to other drones. The filing outlines a system … Continue reading Walmart Files Patent Application for Blockchain-Based Drone Communications
Whatsapp, the Facebook-owned messaging platform has been engaging in preliminary talks with multiple Fintech establishments to launch digital payments in Indonesia. The digital payment system by Whatsapp could become the second country globally where it will be launched, as reported by Reuters. Facebook’s dealings with digital wallets could become a template for Whatsapp to adopt in other emerging markets … Continue reading Whatsapp is Close to Launching Digital Payments in Indonesia
Binance and Paxos Team Up to Launch a New USD-Backed Stablecoin Crypto exchange giant Binance, and digital asset trust company Paxos recently announced their partnership to launch a USD-backed stablecoin. The announcement comes after the approval from the New York State Department of Financial Services (NYDPS). The new stablecoin, Binance USD (BUSD) is reportedly available later this month … Continue reading NYDFS Approved: Binance and Paxos New Stablecoin Collab & Paxos Gold-Backed Token
Many millennials are becoming mindful of the source of what they consume or purchase. As a result, millennials who are coffee enthusiasts have become more demanding as they seek to know the origin of their cup of coffee. Some of the top coffee shops have heeded to these concerns as they are seeking technology-based solutions, … Continue reading Coffee Origin Traceability Propelled by Blockchain App
The greatest barrier for migrating several services online is the ability to verify users’ identities and secure data of that service. Today, online verification relies on a password or the application of dual-factor authentication. But the challenges of these techniques are that passwords are highly insecure while dual-factor authentication relies on sending code over SMS … Continue reading How This Startup’s Blockchain Technology Applications in Estonia Verifies Online Identities