Why the service industry needs blockchain, explained
The need for blockchain technology in the service industry
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industry
Kraken Eyes New Blockchain Tech Amidst Industry Competition
CELESTIA POSTSCRIPT: Rarely are blockchain projects alone in the pursuit of hot new ideas. That's true of the au courant rush by various efforts to provide "modular" solutions for handling the various tasks of a blockchain, including the job of "data availability," which involves managing growing reams of data and
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The Crypto Industry Responded to the IRS Proposed Broker Rule
A few months ago, the U.S. Treasury Department put out its long-awaited proposed rule for enforcing broker reporting standards on cryptocurrency entities. The proposal suggested capturing hosted wallet providers, payment processors, some decentralized finance (DeFi) entities and others as "brokers," meaning these groups would be subject to specific crypto tax
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Biden AI executive order ‘certainly challenging’ for open-source AI — Industry insiders
Last week the administration of United States President Joe Biden issued a lengthy executive order intended to protect citizens, government agencies and companies through ensuring AI safety standards. The order established six new standards for AI safety and security, along with intentions for ethical AI usage within government agencies. Biden said the
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Kraken looking to ‘solve’ industry challenges amid layer-2 rumors
Crypto exchange Kraken neither confirmed nor denied rumors of the company’s plans to potentially release a layer-2 solution similar to what its competitor Coinbase did with the Base network earlier this year.The rumors were fueled by reports citing anonymous sources and a job posting from Kraken highlighting that the organization
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Sam Bankman-Fried Verdict: The Crypto Industry Reacts
“I also think that, in a way, this verdict is a win for the crypto industry itself. After all, it was the industry (including crypto journalists) that discovered and exposed SBF’s wrongdoing, and certain market participants that were themselves harmed by FTX and Alameda testified in the case against SBF.
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Is Web3 really improving mainstream industry and products?
Web3 has been gaining ground in mainstream industries with the rise of Web3 business models based around nonfungible tokens (NFTs), blockchain technology and crypto. But it’s still an open question whether it’s actually improving mainstream industry and products. According to a June Coinbase study, over half of the top 100 United
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Upcoming UK Rules for Crypto Ad Approvers Spell Uncertainty for Industry
Those approving ads for other crypto companies are already facing regulatory scrutiny – and will soon need new permissions to continue. Source
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SEC’s Gary Gensler advises crypto industry in Bitcoin whitepaper anniversary post
Gary Gensler, Chair of the U.S. Securities and Exchange Commission (SEC), called for compliance from an industry he has frequently tagged as “rife with fraud”. Gensler advised cryptocurrency operators and service providers to stop tricking investors in his message to the digital industry on the Bitcoin white paper’s 15th anniversary. Rhetoric from
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Crypto industry observing unprecedented fraud scenarios
A new study reveals startling statistics on the rise of deep fake fraud in the crypto industry. According to a recent Sumsub report, 2023 has been marked by increasing professionalization in fraud tactics, with 77% of crypto companies observing new patterns and schemes. Deep fakes, in particular, continue to pose a
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