Blockchain Finance to Reach $79.3B by 2032
The COVID-19 pandemic disrupted traditional finance, and the prospect of lower operational costs paved the way for mainstreaming the digital ecosystem. The global blockchain finance market, which includes public and private blockchains, trading, payments, settlements, and asset management, has the potential to reach $79.3 billion by 2032. According to a report by Allied Market Research […]
UK will launch Digital Securities Sandbox Q1 2024
The Digital Securities Sandbox of His Majesty’s Treasury will have “a new rule set that would allow it to do new things with digital securities.” By the first quarter of 2024, the United Kingdom will have its second crypto sandbox. It will emphasize digital securities explicitly. Helen Boyd, director of capital markets at the Financial […]
Sam Bankman-Fried Sues Insurer for Defense Fees as Trial Begins
SBF has coverage for directors and officers through FTX Trading‘s parent company, Paper Bird, but now that two companies have paid out $10 million, the third in line is refusing to pay, according to the lawsuit. As the final preparations for Sam Bankman-Fried’s trial were being made in Manhattan, his counsel filed a lawsuit against […]
Optimism Network Introduces Fault-Proof Testnet
OP Labs asserts that the new fault-proof system will help OP Stack networks achieve decentralization According to a blog post published on October 3, OP Labs, the creator of the Optimism network, launched a testnet variant of its fault-proof system. Once testing is complete, it will enable “a more decentralized and efficient Superchain,” according to […]
Coinbase CEO Criticizes Chase UK Crypto Ban
Amidst escalating legal issues in the United States, Coinbase CEO Brian Armstrong has been pursuing the exchange’s expansion goals in the United Kingdom. The chief executive officer of major cryptocurrency exchange in the United States, Coinbase, Brian Armstrong, has criticized Chase UK’s decision to restrict crypto-related transactions. Brian Armstrong criticized Chase Bank on X (formerly […]