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“Events like FTX have highlighted the need for a more traditional approach to things,” said Archax Chief Marketing Officer Simon Barnby in an interview. “As an FCA-regulated custodian, we are permitted to hold cryptocurrencies, tokenized assets like funds or real estate, as well as traditional instruments and cash for our
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A senator in the U.S. state of Arizona has introduced a set of cryptocurrency bills, one of which seeks to make bitcoin legal tender. “Centralized digital money controlled by the central bankers is slavery. Decentralized bitcoin is freedom,” the lawmaker said. Arizona Lawmaker Wants to Make Bitcoin Legal Tender Arizona State Senator
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“Web3 primitives for co-ownership and collective action are transformative, but few people can make sense of the existing products and processes required,” Bouabdallah said in a statement provided to CryptoX. “In order to realize the full promise of Web3, nailing collective action is absolutely essential. Our approach to embed it
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The Indian Government's apex public policy think tank, NITI Aayog, has launched a blockchain module in partnership with 5ire, a blockchain focused company, and Network Capital, a mentorship and career exploration platform. Source
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Germany’s FOC regulator stated that PayPal’s users of terms are causing a possible hindrance to its competitors which has led to an investigation.Payments giant PayPal could be in trouble as Germany’s antitrust watchdog launched an investigation into PayPal in order to examine whether the US online payment giant was using
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A Hong Kong-based blockchain company has launched a digital payments system aimed at bridging the gap between stablecoins and Central Bank Digital Currencies (CBDCs). Red Date Technology, the blockchain infrastructure firm which is also leading one of China’s blockchain efforts, launched the Universal Digital Payment Network (UDPN) on Jan. 19 during
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Less than a week ago, Brett Harrison, the former president of FTX US, published a 49-part Twitter thread describing his side of the story when he worked for the disgraced co-founder of FTX, Sam Bankman-Fried (SBF). On Friday, Jan. 20, 2023, Harrison revealed that his new firm, Architect, has raised
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The Chinese central bank has launched smart contract functionality for its digital yuan amid new use cases.China recently launched smart contract functionality on its digital yuan via one of its prominent indigenous e-commerce apps, Meituan. Through this newly-enabled smart contract, users could win part of a daily monetary price ($1,312)
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The decentralized exchange aggregation service 1inch Network has announced the launch of a cold storage hardware wallet. The team notes that the project is in its final stages of development. The hardware wallet, expected to go on sale later this year, features a 2.7-inch e-ink grayscale touch display and it
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The smart contracts used by Meituan are used to divide up a daily prize of 8,888 RMB ($1,312), according to local media outlet 8btc, which is focused on cryptocurrency and Web3 reports, and other mainstream internet media outlets in China. When a user places an order with the app and
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