Nonfungible token (NFT) conglomerate Yuga Labs is facing some criticism from the cryptocurrency community, including the creator of Bitcoin Ordinals, over how it plans to auction its new Bitcoin NFT collection.  On Mar. 5, Yuga opened bids for its “TwelveFold” collection which will see 300 NFT-like images inscribed on Satoshis using the Bitcoin-native Ordinals protocol,
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Digital asset investment firms poured $2.7 billion into decentralized finance projects in 2022, up 190% from 2021, while investments into centralized finance projects went the other way — falling 73% to $4.3 billion over the same timeframe. The staggering rise in DeFi funding was despite overall crypto funding figures falling from $31.92 billion in 2021
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America leads on innovation, and Europe on regulation, or so the conventional wisdom goes. But recently, the US seems to have taken the lead in the latter, particularly in politically powerful industries like technology, pharma and finance.  Just last week, Eli Lilly, the producer of popular insulin medications Humalog and Humulin, pledged to reduce its
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Technocrats and politicians reflexively justify power grabs by citing external threats. That authoritarian tendency has found an improbable exponent in Jon Cunliffe. This respected deputy governor of the Bank of England recently launched a programme to develop a digital pound. The central bank anticipates overlapping with commercial banks in some key activities while gaining sweeping
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Of the hundreds of climbers who set out every year to scale Mount Everest, only about two-thirds reach the summit. EY’s global chair, Carmine Di Sibio, thinks he has better odds for his own ambitious adventure: a plan, known internally as Project Everest, which would split the Big Four accounting firm by spinning off its
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The UK government risks squandering a “God-given” opportunity to kickstart the economy and accelerate the shift to renewable energy by failing to reform the planning process for big infrastructure projects, the head of Scottish Power has warned.  Keith Anderson, chief executive of Scottish Power, said that almost two years into the energy crisis the government
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A Bitcoin (BTC) technology firm and its executives have been indicted for allegedly operating unlicensed crypto kiosks in Ohio thatknowingly benefited from victims of cryptocurrency scams. S&P Solutions, which operated as Bitcoin of America, along with three of its executives, are facing charges of money laundering, conspiracy and other crimes connected to the operation of
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Banks in Pakistan plan to launch an electronic platform for know-your-customer procedures that will be operating on a national level. The blockchain-based system will allow them to exchange the personal information of customers through what they describe as a decentralized and self-regulated network. Banks of Pakistan Looking to Employ Blockchain for KYC Checks Pakistan Banks’
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Crypto legislation in Australia could be dragged out past 2024 and beyond, with the government seemingly wanting to take its time in order to get a full picture of the industry, internal documents from the government have revealed.  The documents, obtained by The Australian Financial Review under freedom of information laws, reportedly reveal that the government
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A U.S. district judge has sentenced a man to three years in prison in a fraudulent cryptocurrency mining scheme. The defendant “misappropriated his victims’ money and failed to provide them with the miners and miner-hosting services they had purchased from him,” according to the U.S. Department of Justice (DOJ). Man Sentenced to Prison for Defrauding
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Beijing is pressing Hong Kong’s elite to give up their western passports in order to be selected for the Chinese parliament as it tries to stamp out foreign influence and tighten control of the territory. Officials told politicians and tycoons wishing to represent Hong Kong at China’s top decision-making body to renounce passports or travel
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The U.S. attorney for the Southern District of New York (SDNY), Damian Williams, and the Department of Justice (DOJ) are requesting “proposed modifications” to the bail conditions of former FTX CEO, Sam Bankman-Fried. The SDNY prosecutor is asking the court to prohibit Bankman-Fried from using a smartphone with an internet connection. Instead, the disgraced FTX
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