Philippines central bank moves for a Crypto ‘enabling environment’
Despite acknowledging that cryptocurrencies have the potential to enhance domestic and international payments, the Philippines central bank continues to oppose the use of cryptocurrencies as legal money. The Philippines central bank is looking for ways to better safeguard investors amid the country’s growing cryptocurrency usage by raising local crypto understanding. According to a BSP spokesman, […]
Samsung Next Insists on Web3 projects utility challenge
Even though Web3 has shown a lot of promise since its beginnings, one executive from Samsung Next believes that the utility issue is one that competitors in the industry must address. The managing director of Samsung Next, Raymond Liao, spoke in an interview about the company’s decision to invest in MachineFi, a term used by […]
Court grants Ripple approval to authenticate videos of SEC officials
As the Ripple-SEC case continues, a Magistrate Judge has granted approval to the defendant to authenticate some critical videos provided by the SEC officials. Ripple has been granted permission by Magistrate Judge Sarah Netburn to serve non-party subpoenas on video hosting services in order to authenticate some films of senior Securities and Exchange Commission officials […]
United Nations agency criticizes the use of cryptocurrencies
According to UNCTAD, stablecoins and cryptocurrencies are unstable financial assets that could worsen the situation for emerging economies. The impact of cryptocurrencies should be kept to a minimum in developing countries, according to the United Nations Conference on Trade and Development (UNCTAD). The organization claims that digital assets are unreliable financial instruments that could further […]
Monero uses hard fork to enhance privacy and security features
Despite government attacks on anonymity tools, Monero undertook a hard fork to become more private and secure. On August 13, Monero, one of the ecosystem’s most significant privacy protocols, carried out a protocol update to enhance a number of the network’s privacy and security features. Almost 4 months after it was announced, the hard fork […]