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Wyoming seeks ‘stable token’ commission head in first steps to establish state stablecoin

The United States state of Wyoming is beginning its work on its stablecoin, officially called the “stable token” project, by opening a job position for the head of the stable token commission. The executive will lead a team responsible for making a proper legislative framework for the project. The position was

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US state agency issues alert on crypto fraud happening over social media

The Vermont Department of Financial Regulation (DFR), a United States state agency, warned citizens against rising crypto investment frauds perpetrated over popular social media sites.On June 25, 74-year-old Naum Lantsman lost his life savings — $340,000 — to a crypto scam orchestrated over Instagram and Telegram. The DFR referenced the

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Blockchain group to push Philippines Web3 adoption via state partnership

The Blockchain Council of the Philippines (BCP) — a nonprofit organization dedicated to improving the regulatory framework for blockchain technology — has partnered with the Department of Information and Communications Technology (DICT) to foster Web3 adoption in the Philippines. In an announcement sent to Cryptox, Donald Lim, the founding president of

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Azuki ‘Elementals’ Mint Mishap Is a Reminder of the Precarious State of the NFT Market

Last Friday, the Azuki team held a token-gated event in Las Vegas called “Follow the Rabbit,” where they airdropped a portion of the unrevealed Elemental NFTs to holders in attendance. On Monday, the team announced details of the mint, explaining that the remaining Elemental NFTs would be sold in 10-minute

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BlockFi Initiates Legal Action against State Commission for Not Accepting Its Surrendered License

Instead of accepting or acknowledging the license return, the commission insists that BlockFi undergo administrative proceedings. The bankrupt crypto exchange was left with no option but to sue Jorge Perez, the Connecticut banking commissioner. BlockFi’s attempts to return its Connecticut money transmitter license have been futile, as the state regulator has

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