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JPMorgan’s Tokenized Collateral Network (TCN) Revolutionizes Finance Industry with Instant Transactions

JPMorgan Chase & Co. has achieved a significant milestone in blockchain technology with the completion of its Tokenized Collateral Network (TCN) live transaction. This groundbreaking transaction involved major financial giants BlackRock Inc. and Barclays Plc, marking a pivotal moment in adopting blockchain technology for financial processes. The TCN, developed by JPMorgan, has proven its ability […]

ZK-Proofs: A Game-Changer for Authenticity and Financial Transparency

High-end cameras that digitally sign photos along with metadata like location and timestamp are already available, but the challenge lies in posting these large digital files on news websites. However, ZK-proofs offer a solution by significantly reducing the file size while preserving critical verification elements. This technology can prove the authenticity of a recording or […]

NASAA Supports SEC in Case Against Coinbase, Calls for Consistent Interpretation of Securities Law

The North American Securities Administrators Association (NASAA) has expressed support for the U.S. Securities and Exchange Commission (SEC) in its legal actions against Coinbase. NASAA argues that while cryptocurrencies themselves are not inherently fraudulent, the industry has attracted fraudsters who take advantage of investors’ fear of missing out and their economic situations. NASAA believes that […]

Israeli Authorities Seize Hamas Crypto Accounts with Support from Binance

In response to recent attacks by the Palestinian terror group Hamas, Israeli law enforcement has seized cryptocurrency accounts believed to be linked to the organization. It is alleged that Hamas used social media to acquire funds, which were then funneled into custodial wallets on Binance, the largest cryptocurrency exchange. The crackdown was carried out by […]

Decentralized Network io.net Revolutionizes GPU Computing for AI and Machine Learning Services

A decentralized network called io.net is aiming to provide a cost-effective solution for renting GPU computing power for AI and machine learning services. The project, which started as a quantitative trading system, aggregates GPU computational power from various sources such as data centers, cryptocurrency miners, and decentralized storage providers. By pooling these resources, io.net aims […]

Circle Partners with Coins.ph to Drive USDC Adoption in the Philippines

Circle, the issuer of the USDC stablecoin, has announced a strategic partnership with Coins.ph, a major cryptocurrency exchange and digital wallet provider in the Philippines. The aim of the partnership is to increase awareness of USDC payments and provide Filipinos with a more affordable and efficient way to make cross-border money transfers. Currently, the average […]

FTX Founder Sam Bankman-Fried Accused of Sanctioning Fraud by Alameda Research CEO

Sam Bankman-Fried, the founder of FTX, has been accused of sanctioning fraud by Caroline Ellison, the CEO of Alameda Research. Ellison confessed to committing fraud under the instructions of Bankman-Fried, setting up a system to funnel money out of FTX. This system allowed Alameda Research to secure $14 billion from FTX, while manipulating the balance […]

Bitfinex’s Parent Company iFinex Offers $150 Million Buyback for Hack Compensation Shares

Bitfinex’s parent company, iFinex, has announced plans to buy back $150 million worth of shares from users who were given these shares as compensation for the 2016 hack on the Bitfinex crypto exchange. The buyback offer comes as a result of the exchange’s positive performance in recent years. In the aftermath of the hack, Bitfinex […]

Legal Experts and State Authorities Join SEC in Accusing Coinbase of Unlawfully Operating Unregistered Exchange

Coinbase, one of the largest cryptocurrency exchanges in the US, is facing a legal battle over its status as an unregistered exchange. The Securities and Exchange Commission (SEC) has taken action against Coinbase, which is seen as a crucial moment for the future of the crypto industry. Critics argue that the SEC is enforcing regulations […]

Swiss Central Bank Denies Rumors of Using XRP as Settlement Token

The XRP community has been buzzing with speculation about the Swiss central bank potentially using XRP as a settlement token. This speculation arose after Switzerland announced at a conference that live transactions with a Central Bank Digital Currency (CBDC) would take place by the end of the year. However, it has been revealed that this […]