Abu Dhabi sets aside $2 billion for Web3 startups
Recently, the capital of the UAE, Abu Dhabi, announced its massive funding for Web3 startups on Feb. 15. The United Arab Emirates (UAE) is renowned for its cryptocurrency policy, neither outlawing nor regulating the asset class. Abu Dhabi, the capital of the United Arab Emirates, recently offered significant investment for Web3 startups. The Hub71 tech […]
Binance reportedly wishes to pay fines to settle US investigations
Binance cryptocurrency exchange expects it will be able to finally settle the ongoing issues of regulatory investigations of the cryptocurrency industry in the U.S. by paying fines. Chief Strategy Officer Patrick Hillmann claims that the majority of the software engineers who contributed to the growth of the exchange were not aware of the laws and […]
EU Committee approves zero-knowledge proofs for digital IDs
The European Union (EU) Committee has approved the addition of zero-knowledge proofs as an amended version of the European Digital Identity Framework (eID). EU legislators took a critical step last week to support privacy in the area of people’s digital identities. The Industry, Research, and Energy Committee amended the European Digital Identity Framework (eID) on […]
Celsius selects NovaWulf as sponsor for its bankruptcy plan
For its proposed Chapter 11 bankruptcy restructuring plan, insolvent cryptocurrency lender Celsius Network has selected NovaWulf Digital Management as the sponsor. On February 15, Celsius filed a document with the United States Bankruptcy Court for the Southern District of New York outlining the strategy. The Celsius Official Committee of Unsecured Creditors (UCC), a group that […]
Wyoming lawmakers pass bill prohibiting forced key disclosure
Wyoming lawmakers have enacted legislation that, with one tiny exception, prohibits state courts from ordering anyone to reveal their digital asset private keys. On Feb. 15, the Wyoming House of Representatives passed the bill 41-13, a day after the Wyoming Senate passed it 31-0. If Wyoming Governor Mark Gordon signs the measure, it will go […]