Once known as a manufacturer of hardy mobile phones, Nokia has been working on developing industrial use cases for the Metaverse. From beer breweries on opposite ends of the globe to aircraft technicians in isolated airports, telecoms infrastructure firm Nokia has been looking for ways to use the metaverse to aid remotely-located workers. Nokia, who...Continue Reading

United States prosecutors have labeled this as the first insider trading case in cryptocurrency. Ishan Wahi, a former product manager at Coinbase Global Inc., has admitted to two counts of conspiracy to commit wire fraud in a case that U.S. prosecutors have labeled as the first insider trading case involving cryptocurrency. Ex-Coinbase manager pleads guilty...Continue Reading

The executive stated that the layoffs were due to concerns about “macroeconomic and geopolitical” issues that may affect the venture capital markets. Blockchain software developer ConsenSys retains the ability to achieve its goals after recent layoffs, CEO Joe Lubin claimed in a Feb. 7 interview with Cointelegraph, stating that “we’ve retained virtually all of our...Continue Reading

The financial watchdogs targeted self-directed individual retirement accounts with potential exposure to crypto in a warning to investors. Three financial watchdogs in the United States have issued a warning to investors considering certain individual retirement accounts with exposure to cryptocurrencies. In a Feb. 7 notice, the United States Securities and Exchange Commission’s Office of Investor...Continue Reading

The Laotian central bank and the Soramitsu firm signed an MOU to launch the project to expand financial inclusivity and provide sellers with faster settlement. Japanese financial software firm Soramitsu has announced the signing of a memorandum of understanding with the Bank of the Lao People’s Democratic Republic Payment Systems Department on the launch of...Continue Reading

Elizabeth Warren and seven other Democrats want to know how much the Environmental Protection Agency and Energy Department know about crypto mining energy draws. United States Environmental Protection Agency Administrator Michael Regan and Energy Secretary Jennifer Granholm were the recipients Feb. 6 of another letter on the environmental impact of cryptocurrency mining. Eight Democratic lawmakers...Continue Reading

Venture capital deals slowed in the second half of 2022 amid the bear market. However, behind the scenes, blockchain startups continue to build. 2023 is off to a tepid start for crypto venture capital, as the industry continues to emerge from a prolonged bear market. But that doesn’t mean there aren’t deals. In January, Cointelegraph...Continue Reading

The court dismissed the Jarretts’ case over the taxation of staking rewards after the IRS issued the refund the couple sought; not good enough, they said. ConsenSys issued a statement Feb. 7 in support of the appeal of the of Jarrett v. United States case concerning the taxation of staking rewards. The case originated in...Continue Reading

According to Binance CEO ‘CZ’, Binance is working on more efforts to help The devastating earthquake that hit Turkey on Feb 6 has left a trail of destruction in its wake, affecting numerous communities and individuals. In response to the tragedy, cryptocurrency exchangeBinance has announced that it will airdrop $100 USD worth of BNB tokens...Continue Reading

Lawyers for Sam Bankman-Fried said he consented to staying the SEC and CFTC civil cases, while those for Caroline Ellison and Gary Wang did not objec to staying the CFTC case. Damian Williams, United States Attorney for the Southern District of New York, has petitioned the court to delay civil proceedings against former FTX chief...Continue Reading