Paradigm slams SEC’s ‘incoherent’ attempt to police decentralized exchanges
    09 Jun 2023

    DEXes are not securities exchanges, argues crypto venture firm Paradigm. Crypto venture capital firm Paradigm has slammed the United States Securities and Exchange Commission’s attempt to redefine the term “exchange” — which if accepted, would bring decentralized exchanges under its purview. On June 8, the firm sent a lengthy 14-page letter to the SEC secretary, Vanessa Countryman,…

    Quantum miners would yield ‘massive’ energy savings for blockchain: Study
    09 Jun 2023

    University of Kent researchers compared three quantum systems to an ASIC miner, and the quantum machines were demonstrably more energy efficient. A pair of scientists from the University of Kent’s School of Computing in the United Kingdom recently conducted a study comparing energy consumption rates for current ASIC-based miners to proposed quantum-based solutions. According to the team’s…

    The role of blockchain in combatting fraud and revolutionizing the gaming industry
    09 Jun 2023

    Blockchain’s transparency is another key weapon in the fight against fraud. A new dawn is breaking in the gaming industry, driven by the transformative power of blockchain technology. As this industry — expected to hit $200 billion in 2023 — continues to grapple with the scourge of fraud, blockchain is emerging as a potent ally, armed with…

    Gary Gensler: Crypto market is like 1920s stock market, full of ‘fraudsters’
    09 Jun 2023

    Gensler argued that securities laws helped prevent stock market scams once they were passed in the 1930s and can benefit the crypto market of today. In a June 8 speech at the Piper Sandler Global Exchange & Fintech Conference, United States Securities and Exchange Commission (SEC) Chair Gary Gensler compared the current crypto market to the 1920s…