The Bar Association seeks to maintain New York’s preeminence in digital asset transactions, not just paper-based financial transactions. The New York City Bar Association has proposed a new amendment related to emerging technologies, such as digital assets, to encourage crypto firms to set up headquarters in New York and preserve the city’s preeminence as a...Continue Reading

mBridge is a multi-national collaborative effort on using the CBDC for cross border transactions. The central bank of the United Arab Emirates (UAE) conducted its first cross-border digital dirham transfer using the mBridge central bank digital currency (CBDC) platform on Jan. 29. The first cross-border CBDC transfer was worth 50 million AED ($13.6 million) and...Continue Reading

Solana Foundation’s Sheraz Shere believes that enterprise adoption will perpetuate a cycle of growth for the blockchain industry. The spot Bitcoin (BTC) exchange-traded funds (ETFs) approvals were a historic milestone for the space. However, it’s only a “stepping stone” toward integrating blockchain-based systems with traditional finance, according to Solana Foundation’s Sheraz Shere. Shere, who is...Continue Reading

While Japan is preparing to solve the legal issues around issuing a CBDC, it has not revealed plans for an official launch. The Bank of Japan (BoJ) held its first official meeting with the country’s government to discuss the central bank digital currency (CBDC). As the local TV channel NHK reported on Jan. 26, the...Continue Reading

The Italian data protection authority has notified OpenAI that it has found the company in breach of its data protection and privacy laws. The Italian Data Protection Authority (IDPA) released a statement on Jan. 29 stating that OpenAI is in breach of its data protection and privacy laws.  According to the statement, after the IDPA’s...Continue Reading

The alleged “Ponzi” scheme once hired an actor residing in Thailand to act as its CEO when it launched in 2021, according to a newly filed SEC complaint. At least two people were behind an alleged $1.7 billion cryptocurrency “fraud” scheme that once promised investors plans to list on the Hong Kong stock exchange and...Continue Reading

Any retrace in the price of Bitcoin over the next two weeks could be investors’ last chance to scoop up Bitcoin at “bargain-buying” prices, says pseudonymous trader Rekt Capital. Bitcoin (BTC) investors may only have a two-week window to potentially buy Bitcoin at “bargain-buying” prices before a pre-halving rally kicks off in February, says pseudonymous...Continue Reading

Decentralized finance protocols should be seen as “critical infrastructure” to United States national and economic security, according to Polygon’s legal team. Neutral, decentralized finance (DeFi) protocols should be designated as “critical infrastructure” and overseen by federal cybersecurity agencies in the United States, according to a newly proposed regulatory framework from the legal team behind Polygon...Continue Reading

Outflows from Grayscale’s Bitcoin fund slowed for the fifth day in a row, while Fidelity’s spot Bitcoin ETF saw one of its stronger inflow days since launch. Fidelity’s spot Bitcoin (BTC) exchange-traded fund (ETF) has reportedly managed to pull in $208 million in daily inflows on Jan. 29, outstripping outflows from Grayscale Bitcoin Trust for...Continue Reading

The first Neuralink product will be called “Telepathy,” according to Musk, allowing users to control digital devices using only their thoughts. The first human patient implanted with Neuralink’s brain-computer device is “recovering well,” according to Neuralink owner Elon Musk. In a Jan. 29 post to X, Musk said the person successfully received the implant on...Continue Reading