France to Integrate MiCA Rules into its Crypto Licensing Regime
France’s current cryptocurrency regulations will be amended to match the pan-European rules set by the Markets in Crypto Assets Act (MiCA). The new regulations will become obligatory by January 1, 2024, for obtaining crypto licenses by DASPs. Due to the “enhanced” registration, the Autorité des marchés financiers (AMF), France’s primary financial authority, announced the provisions […]
Nigeria to Verify NYSC Certificates Using Blockchain Technology
The National Information Technology Development Agency (NITDA) Director-General has revealed that the National Youth Service Corps (NYSC) certificates in Nigeria will be generated and validated using blockchain technology. Nigeria’s National Youth Service Corps program requires university graduates under 30 to complete a year of community development initiatives and cross-cultural integration as part of national service. […]
Canadian Police Use Chainalysis Reactor Software for Crypto Crimes
Canadian Police can now investigate cybercrime, track blockchain transactions, identify suspects, and locate where funds have been deposited using Chainalysis Reactor software. Local police revealed to the Lethbridge Herald that police forces already have access to the Chainalysis Reactor software. The program aids in tracing cryptocurrency from its source to the moment it is deposited […]
Bitsonic CEO Faces Arrest in South Korea
The CEO of the cryptocurrency exchange Bitsonic, Jinwook Shin, who is under investigation for stealing users’ investments and deposits, was detained by South Korean Police on August 7, according to Chosun Biz. According to prosecutors, Shin allegedly stole the equivalent of $7.5 million from exchange users by manipulating the prices and trading volume of cryptocurrencies […]
Nvidia Launches New Chip to Power AI Development
On August 7, Nvidia, one of the world’s foremost chip manufacturers, unveiled a new chip designed to power large-scale advanced artificial intelligence (AI) systems. According to the company, its next-generation GH200 Grace Hopper Superchip is one of the first to feature an HBM3e processor and is designed to handle “the world’s most complex generative AI […]