Wednesday, May 8, 2024
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LayerZero’s market shifting, there’s a better environment ahead for everyone, CEO says

The outlook for the crypto industry is bright. As a matter of fact, the present isn’t even all that grim, Bryan Pellegrino, CEO of cross-chain interoperability protocol LayerZero, told Cryptox at the Collision conference in Toronto. “2015 was basically unbearable. […] Nobody cared; there was nothing. This really doesn't seem

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a16z opening London crypto office citing ‘predictable’ environment

Venture capital firm Andreessen Horowitz (a16z) is set to open its first office outside of the United States this year, adding to the backdrop of U.S.-based firms seeking greener pastures outside of the country. Chris Dixon, a16z’s crypto founder and managing partner cited a “predictable business environment” as one of

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Bitcoin cleans up the environment and helps catch criminals: US Senator Cynthia Lummis

United States Republican Senator Cynthia Lummis of Wyoming held a fireside chat with the founder and CEO of the Chamber of Digital Commerce, Perianne Boring, during the Bitcoin 2023 event in Miami on May 19.The topics of discussion were the importance of Bitcoin (BTC) to U.S. national and energy security and

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Binance.US backs out of $1B Voyager asset purchase, blames regulatory environment

Binance.US has backed out of its agreement to purchase $1 billion of bankrupt cryptocurrency brokerage Voyager Digital assets, the company announced in a tweet. It laid the blame for the move on “the hostile and uncertain regulatory climate in the United States.”Voyager, the Voyager Official Committee of Unsecured Creditors and

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Japan pushes for friendlier environment for crypto with Web3 proposals

The Web3 project team of Japan's ruling Liberal Democratic Party has released a white paper containing suggestions for expanding the nation's industry, which has been incorporated into the national strategy by Prime Minister Fumio Kishida's administration.The Web3 project team aims to bypass the usual bureaucratic processes to formulate regulatory proposals

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Crypto Payment SpankPay Shut Down Citing Hostile Banking Environment

SpankChain is an Ethereum-based blockchain targeted at helping adult content creators remove third-party intermediaries like conventional banks, which have had a notorious history of conflict with the adult industry. Ethereum-based adult entertainment platform SpankChain is closing its crypto payment processor SpankPay, losing its payment service provider Wyre, in February while

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SpankPay crypto payment service shutters, citing ‘hostile banking environment

Ethereum-based adult entertainment platform SpankChain is shuttering its crypto payment processor, SpankPay, after losing its payment service provider Wyre in February and failing to find a new one. In February, SpankPay revealed that its previous provider — crypto payment platform Wyre — had terminated its agreement to provide payment services to

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Italy Setting Up Crypto Environment That Meets EU’s New Laws, Central Bank Governor Says

Visco spoke of the importance of regulating crypto, and outlined global, European and Italian initiatives underway during a speech on the global economic situation in Milan. Although the economies of Italy and the euro area are decelerating, because the sector's ties to traditional finance are weak, last year's crypto market

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