Crypto should mimic TradFi rules: Global securities regulator IOSCO

    According to the U.S. SEC, IOSCO members together regulate more than 95% of the world’s securities markets. A major global securities watchdog, the International Organization of Securities Commissions (IOSCO), is working to help policymakers regulate cryptocurrency more effectively. IOSCO on May 23 released a set of crypto-related regulatory recommendations as part of a consultation report developed by…

    Solana integrates AI into blockchain, raises grants fund to $10M

    The ChatGPT plugin integrated into Solana is open source and can be downloaded from GitHub. On May 23, the Solana Foundation, a nonprofit dedicated to maintaining and developing the layer-1 Solana blockchain, announced that it has integrated artificial intelligence (AI) using a ChatGPT plugin developed by Solana Labs. As told by developers, the ChatGPT plugin is available…

    Coinbase to roll out ‘Moving America Forward’ national campaign for crypto

    The ads will emphasize the financial innovations facilitated via crypto and raise awareness for Coinbase events and lobbying efforts. United States crypto exchange Coinbase is rolling out another national ad campaign in America focusing on the “critical” role that crypto will play in modernizing the global financial system. In a May 22 blog post, the…

    Ledger CEO says ‘sharded’ wallet keys could be shared if subpoenaed

    The private seed phrases of Ledger users could be shared with governments if they are ordered to, but this is “not a real concern,” says CEO Paul Gauthier. Pascal Gauthier, the CEO of Ledger, has confirmed that the private seed phrases of users who opt into Ledger’s controversial new Recover upgrade could, in theory, be handed over…

    US risks losing the crypto race to UAE, Korea, Aus and Switzerland: Ark

    The United State crypto ecosystem is facing a “void” of well-established and credible institutions, according to an analyst from ARK Invest. The United States risks losing its position as a leader in the cryptocurrency race against countries including the United Arab Emirates, Korea, Australia and Switzerland, warns ARK Invest analyst Yassine Elmandjra. ▪️Regulatory Uncertainty Around…

    Here’s how to use DeFi on Bitcoin without ‘polluting’ the blockchain

    Bitcoin ordinals or stamps have failed to provide an answer to Bitcoin’s DeFi problems. Bitcoin is known for its immutability and the hard-coded rules that make the system secure but slow to modernize. However, that doesn’t mean the Bitcoin blockchain — the underlying network that empowers the original cryptocurrency — is closed to innovation and development. Even though…