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

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
292 Views

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
277 Views

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
259 Views

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…

Metaverse investments: Opportunities and risks of the trillion-dollar VR market
08 Jun 2023
327 Views

What are the best metaverse projects that investors should keep on their radar? Cointelegraph Research ranks the top metaverse projects. The metaverse continues to expand, with industry giants and upcoming players racing to seize a slice of the potentially trillion-dollar pie. Close to $2 billion was invested in blockchain-based metaverse deals in 2022, according to Cointelegraph…

Major Australian bank to decline ‘certain’ payments to crypto exchanges
08 Jun 2023
370 Views

Commonwealth Bank executive James Roberts cited a huge scale of “investment scams” involving crypto exchanges. Commonwealth Bank (CBA), the largest bank in Australia, has said it will decline or temporarily hold certain payments to cryptocurrency exchanges, citing the risk of scammers. The move comes amid two major global exchanges facing a lawsuit from the United States securities…