In a July 14 filing, the Nevada court ordered the appointment of a receiver for Prime Trust following a June 26 petition from the state financial regulator. Prime Trust will have an opportunity to show cause why the petition should not be permanently granted in an Aug. 22 hearing. Continue Reading on Coin Telegraph More
While it’s commendable that the European Commission is proactively strategizing for the EU to take the lead on Web 4.0, or Web4, and virtual worlds, we shouldn’t neglect the fact that for all the fanfare of Web3 and the trends that accompanied it, notable credit and financial institutions have so far only firmly and mainly placed their confidence in Bitcoin (BTC) and, to a lesser extent, Ethereum.Continue Reading on Coin Telegraph More
As Cointelegraph recently reported, the July 5 testnet launch represented the fourth of five milestones the dYdX Foundation laid out in a roadmap toward decentralization last year. Continue Reading on Coin Telegraph More
Picking the right token maker is paramount in ensuring that token creation is successful. First, a token generator platform should ideally be from a reputable name and not a fly-by-night platform on the internet with flimsy technicals. It’s always a good idea to research the platform before deciding to use it for token creation, as well as read other users’ reviews about it.Continue Reading on Coin Telegraph More
In a July 18 letter to Gensler, Torres requested the SEC limit its enforcement cases to “bonafide bad actors” rather than “indiscriminately” treating the majority of crypto assets as securities under its purview. The lawmaker’s letter followed a court ruling in the SEC’s case against blockchain firm Ripple that suggested that the XRP (XRP) token was largely not a security.Continue Reading on Coin Telegraph More
The project carried out real-time settlement and foreign exchange integration with the banks’ national currencies on the Hedera network. The project was compatible with the Ethereum Virtual Machine (EVM), opening it up to use by a host of other stablecoins. Continue Reading on Coin Telegraph More
According to a July 17 Bloomberg report, Armstrong has a scheduled meeting with the New Democrat Coalition, a group of roughly 100 Democrats in the House of Representatives focused on advancing “innovative, inclusive, and forward-looking policies.” The Coinbase CEO will reportedly speak with the lawmakers on digital asset legislation as well as how the technology could potentially impact national security, privacy and the climate.Continue Reading on Coin Telegraph More
Thus, these ecosystems face several vulnerabilities that come with centralization. However, Dominic Williams, founder of Dfinity, believes the Internet Computer blockchain can change that for good. Continue Reading on Coin Telegraph More
