Hotbit Exchange Shuts Down Operations
Hotbit cryptocurrency exchange announced on May 22 that it would cease operations. The exchange has requested that all its users withdraw their funds before June 21, 2023. The exchange stated in an announcement that its operating conditions have deteriorated since a former team member was investigated in August 2022. According to the exchange, the investigation […]
ASX Reportedly Halts Blockchain Plans
Australia’s stock market operator ASX has abandoned plans to rebuild its software infrastructure using blockchain technology to explore more conventional options. The Australian Securities Exchange (ASX) angered market participants in November 2022 when it decided to “pause” its decentralized computing-based trading, settlement, and clearing software reconstruction. After seven years of development, an external evaluation determined […]
Proof-of-Reserve Bill Passes Senate in Texas
A proof-of-reserve bill requiring exchanges to maintain reserves “sufficient to fulfil all obligations to customers” is one step closer to becoming law in Texas. The state Senate approved the bill on May 15, awaiting only the governor’s permission. Earlier this year, the Texas House of Representatives approved House Bill 1666, which amends the Texas Finance […]
Apple Bans Employees From Using ChatGPT
Recently, Tech giant Samsung banned its users from using openAI’s ChatGPT; now, Apple has also restricted its employees from using the popular artificial intelligence (AI) chatbot ChatGPT out of data breach concerns. The Wall Street Journal reported that an internal Apple document prohibits using Microsoft-backed ChatGPT and similar artificial intelligence (AI) tools while the company […]
Ripple to Showcase Tokenization Solution at HKMA e-HKD Pilot Program
Ripple is set to demonstrate and showcase a real estate asset tokenization solution at the Hong Kong Monetary Authority’s (HKMA’s) digital Hong Kong dollar (e-HKD) central bank digital currency (CBDC) pilot program. Ripple will collaborate with Fubon Bank of Taiwan and others to demonstrate equity release with tokenized assets using the retail variant of the […]