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The Polkadot blockchain is now fully decentralized and permissionless after a decision passed by community governance removed the admin rights enjoyed by the Web3 Foundation.Gavin Wood, the co-founder of Polkadot developer Parity Technologies, tweeted the unshackling as it happened. The governance proposal to remove special admin privileges was enacted around
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The government of the United Kingdom believes that current rules do not go far enough to protect consumers from misleading crypto ads and is advocating change.New proposals published on July 20 would, if approved, bring the promotion of certain types of crypto assets under direct regulation from the Financial Conduct
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Cybersecurity experts are warning that the Twitter hack on July 15 shows that the social network needs to strengthen its security in order to avoid a worse black swan scenario with serious consequences.In the most recent incident, attackers launched a crypto giveaway scam by posting phishing messages through the hijacked
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Japan’s Financial Services Agency (FSA) has officially announced it will hire Ryozo Himino as its next leader.In a July 20 update to the Financial Services Agency’s executive directory, Himino is now listed as the commissioner of the watchdog group. The regulator was formerly the agency’s International Financial Deputy Counselor and
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FinTech company CoolBitX may have a solution for countries that have not yet complied with the Financial Action Task Force’s “travel rule”. According to a statement from CoolBitX shared with Cryptox on July 21, the blockchain security company announced it would be partnering with cryptocurrency forensics firm Elliptic to address anti-money
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For investors that lack the ability or drive to deal with opening an exchange account, acquiring exposure to assets like Bitcoin Cash, Litecoin, and the like is difficult. Yet on Monday, Grayscale Investments, a cryptocurrency asset manager based in New York, revealed that these barriers to entry are starting to fall.Related
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In an attempt to stay ahead of the curve, payment provider Mastercard has been foraying into the crypto industry throughout the past several months.Their excitement surrounding the future of currency appears to be growing as well, as they recently announced plans to accelerate their digital assets program.This will allow issuers
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Paolo Ardoino, Chief Technology Officer (CTO) of Bitfinex and Tether, says recent pushes for governments to adopt regulatory paths towards central bank digital currencies won’t adversely affect stablecoins like Tether.“In the long term, we believe that Tether will continue to exist alongside CBDCs,” the Tether CTO said to Cryptox, citing
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Crypto fund manager Grayscale Investments will make Bitcoin Cash and Litecoin available for public trading through shares of the firm’s cryptocurrency trusts.In the July 20 announcement, Grayscale said the Financial Industry Regulatory Authority (FINRA) in the United States had approved shares of the firm’s Bitcoin Cash Trust and Litecoin Trust
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Decentralized Finance (DeFi) tokens continue to make drastic moves on the price charts, compensating for Bitcoin’s low volatility which has recently hit a three year high. Earlier today, Aave (LEND) and Synthetix Network (SNX) token briefly surpassed MakerDAO’s (MKR) token as each rallied to $0.375 and $4.09 respectively. The ‘flippening’ was
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