US House to Vote on FIT21 Act to Clarify US Crypto Regulations
The Financial Innovation and Technology for the 21st Century Act (HR 4763), or FIT21, is scheduled for a vote in the U.S. In order to establish a clear regulatory framework for digital assets, this measure aims to define the roles of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), thereby […]
Re.al Launches Tokenized Reinsurance Fund
Re.al has formally launched its mainnet and pledges to give users their entire earnings back. Powered by Gelato’s Rollup-as-a-Service and operating on Arbitrum (ARB) Orbit, re.al has made a solid debut with $40 million committed and 190 properties prepared for tokenization. Through enhancing interoperability, guaranteeing fluidity, and increasing asset accessibility for trading, the platform seeks […]
NY AG Reaches $2B Settlement with Genesis for ‘Defrauded Victims’
Genesis, a subsidiary of the Digital Currency Group, and New York Attorney General Letitia James have agreed to a $2 billion settlement. A news release from the Attorney General’s office states that New York’s settlement with the cryptocurrency lender highlights the “real-world consequences” resulting from what appears to be a lack of control over digital […]
HUGO, Imaginary Ones Launch Customizable Denim Jacket
In association with HUGO, the web3 entertainment company Imaginary Ones has developed a new denim jacket that can be customised and incorporates web3 elements. The limited-edition piece, which is a part of HUGO’s denim-focused new line, HUGO BLUE, fits with the brand’s plan to interact with Gen-Z audiences through gaming and Metaverse platforms , according […]
Worldcoin Enhances User Privacy with Open-Source Biometric System
An open-source method has been proposed by the Worldcoin Foundation to improve security for sensitive data. Biometric data gathered during Worldcoin (WLD) project registration is included in the system. It is now available on Github and uses secure multi-party computation (SMPC) to distribute data across several places, protecting it. The process entails “taking one secret […]