Sofi started offering crypto services even before it became a bank and its banking license might change the way it hodl crypto. San Fransico-based Sofi Bank revealed it holds $170 million in crypto on its balance sheet in the Q2 earning report. The United States bank that serves over 6 million customers has seen a...Continue Reading

The amendments will become obligatory by January 1, 2024 and must be taken into account in by applicants for enhanced DASP registration. In France, amendments to the existing crypto regime will come into effect in next year to align national regulations with the pan-European framework, set by Markets in Crypto Assets act (MiCA).  The Autorité...Continue Reading

This initiative aims to house all NYSC certificates on the blockchain, providing individuals with the means to easily verify and authenticate them. Kashifu Inuwa Abdullahi, who holds the position of Director-General at the National Information Technology Development Agency (NITDA), has disclosed that blockchain technology will be employed for the generation and validation of National Youth Service...Continue Reading

The SEC claims a court ruling gives it authority over crypto, setting up a possible counter-argument in dismissal motions brought against it. A recent filing from the United States Securities and Exchange Commission (SEC) in its lawsuit against crypto miner Green United could shed light on how it may approach the case against Coinbase. On...Continue Reading

With an allocation of nearly $20 million in rewards, the AI Cyber Challenge brings together prominent AI enterprises such as Anthropic, Google, Microsoft and OpenAI. In an Aug. 9 press release, the Biden administration revealed an opportunity for hackers to compete for substantial monetary rewards by applying artificial intelligence (AI) to safeguard vital United States infrastructure from...Continue Reading

Binance’s BNB Chain is set for two upgrades that are aimed at improving finality of the network and compatibility with other EVM blockchains. Binance’s proprietary BNB Smart Chain (BSC) is set to undergo two hard forks through August 2023 that are aimed at reducing the possibility of a malicious blockchain reorganization and increasing the compatibility...Continue Reading

Central bank digital currencies have turned out to be a popular talking point among the American public, garnering takes from comedians, rappers and presidential candidates alike. Podcaster and commentator Joe Rogan has blasted the idea of a United States central bank digital currency, describing a digital dollar as a “game over” scenario for American citizens. ...Continue Reading

DeLabs has promised to return the $3 million grant initially provided by Polygon Labs to support y00ts from Solana to Polygon. Non-fungible token project y00ts is again switching blockchain networks, only four months after bridging the majority of its NFTs from Solana to Polygon. DeLabs, the NFT firm behind y00ts, announced via its X (Twitter) account...Continue Reading

A Supreme Court judge has rejected a request from Epic Games that would’ve immediately loosened Apple’s App Store payment rules, to the potential benefit of crypto and NFT apps. Crypto app developers hoping for a loosening of Apple’s App Store rules will have to wait longer after a United States Supreme Court held off on...Continue Reading

APT pumped 17.6% within the first 50 minutes before cooling off to $7.51 — still 11.6% above pre-announcement levels. Aptos (APT), the cryptocurrency powering layer-1 blockchain Aptos Network, is up approximately 11.6% since announcing it will leverage Microsoft’s suite of artificial intelligence tools to advance Web3 adoption among banks and financial enterprises. This will be...Continue Reading