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Truckers, whose work is essential to the world’s supply chain, are struggling to get compensated due to a lack of fast and seamless payment systems. A blockchain tech start-up claims to have the solution. Trucks move over 70% of America’s goods producing about US$875.5 billion in gross freight revenues annually according
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Binance CEO Changpeng Zhao (CZ) has warned of “profound impacts” on the crypto industry if stablecoin Binance USD (BUSD) is ruled as a security. His warning followed an alleged lawsuit by the U.S. Securities and Exchange Commission (SEC) against Paxos, the issuer of Binance USD. Binance’s CEO on SEC Action Against
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2023 is off to a great start, with Bitcoin (BTC) rocketing up 40% in January. The good news is not relegated to just Bitcoin, however, as this price increase has sent ripple effects across the cryptoverse. Mining revenue jumped $22.66 million in January, and crypto-related stocks doubled on average. Despite
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During the first week of 2023, payment service giant Paypal said it was exploring the launch of a stablecoin. At the time, an executive at Paypal stated that if the company moved forward, it would work closely with financial regulators. However, on Feb. 10, a source noted that Paypal has
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The CEO of crypto exchange Kraken, Jesse Powell, has called on Congress to pass a law to protect the U.S. crypto industry after the Securities and Exchange Commission (SEC) took action against his trading platform over its crypto staking service. Kraken’s CEO Responds to SEC Action Kraken CEO Jesse Powell urged Congress
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“We had not tried to sit down with people in the industry” to discuss staking, the process by which crypto holders delegate their tokens to validators in order to earn crypto rewards, Peirce said. She said the SEC has known about staking for a long time, and its decision to
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The cloud computer storage industry was valued at US$80 billion in 2022 and is projected to reach over US$180 billion in the next five years, according to a 2022 report by Markets and Markets Ltd, indicating it has a winning formula for companies seeking a lower-cost, secure option to store
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Proposed laws in Israel that would see cryptocurrencies classified as securities would cause huge damage to the local crypto industry, according to the chief of an Israeli crypto service provider.Cryptox Magazine editor, Andrew Fenton, spoke with Ilan Sterk, the CEO of Altshuler Shaham Horizon in Tel Aviv, Israel. The firm
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The Global Crypto Classification Standard, for example, categorizes assets on three levels. The first deals with networks and protocols, be they cryptocurrencies (Bitcoin, Monero, etc), smart contract platforms (for example, Ethereum, Solana), decentralized apps (such as Aave, Uniswap) and so on. The second groups assets by industry and sector, including
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Firms that tried, and failed, to register with the Financial Conduct Authority cite delays and poor feedback. The regulator says it rejected applications for failing to meet requirements. Original Source
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