Several macroeconomic indicators suggest that bearish headwinds could strengthen during the remainder of 2023 and possibly negatively impact the crypto market. It’s been a whipsaw 2023 for investor sentiment, and even though equities markets have defied expectations, a recent report from ARK Invest highlights reasons why the remainder of 2023 could present several economic challenges. ARK manages…

It’s a big day for asset tokenization, as many of the biggest names in the field announced the formation of an association to further its development. Seven leaders in decentralized finance (DeFi) have banded together to form the Tokenized Asset Coalition (TAC). The new advocacy group will work toward the adoption of public blockchains, asset…

Despite the so-called FUD, Changpeng Zhao said in reality, the crypto industry has scored a number of massive wins in recent weeks. Binance co-founder and CEO Changpeng “CZ” Zhao has hosed down recent rumors against his firm, assuring its balance sheet and employee retention remain robust despite the recent market uncertainty. In a Sept. 7…

Sitharaman said crypto was a “threat as well as an opportunity” while confirming that G20 members are working toward establishing a global crypto framework. Under India’s Group of 20 (G20) presidency, active discussions around establishing a global framework for cryptocurrencies are underway, India’s Minister of Finance, Nirmala Sitharaman, said. On Aug. 28, Indian Prime Minister…

Andreessen Horowitz, Paris Hilton and Samsung have invested in the new blockchain-based open IP collaboration network Story Protocol. The new blockchain-based IP ownership network Story Protocol closed a $54-million funding round on Sept. 7, which included investments from big names, such as Paris Hilton’s 11:11 Media and Andreessen Horowitz, also known as a16z. The platform uses blockchain…

A new paper co-authored by Ethereum’s Vitalik Buterin highlights the use of zero-knowledge proofs as a tool for regulatory compliance and on-chain privacy. Ethereum co-founder Vitalik Buterin has published a research paper diving into privacy pool systems as a tool to achieve more privacy in financial transactions, allowing users to prove dissociation from illicit funds through zero-knowledge-proof…