Web3 needs to engage with local communities. Its future depends on it
Web3’s terrible user experience, scams and lack of diversity could be solved if its leaders take a cue from environmentalists and ‘act locally,’ writes Tim Williamson of NieuxCo.
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Bitcoin, Ether fall, Solana leads declines; U.S. stock futures trade flat; Asian equities mixed
Bitcoin fell 0.58% while Ether dropped 0.36%. Solana was the biggest loser of the day, dropping 1.67%.
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EU’s MiCA gets unanimous nod from European Council
European Union finance ministers unanimously approved MiCA, a set of cryptocurrency rules aiming to reshape the digital asset industry across the EU bloc.
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SEC in no rush to respond to Coinbase calls for regulatory clarity
As part of the ongoing legal dispute between the two, the U.S. Securities and Exchange Commission said it would not be hurried into a response to Coinbase demands.
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South Korea raids firms Upbit, Bithumb, Kakao over local lawmaker’s crypto scandal
South Korean prosecutors have raided Upbit, Bithumb and the crypto wallet unit of Kakao, as part of their investigation into lawmaker Kim Nam-kuk.
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How DeFi can keep out bad apples while upholding crypto’s core ideals
Crypto users need not fear the increasing KYC/AML requirements around the world and loss of privacy, writes Kurt Hemecker of the Mina Foundation. Here’s why.
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Bitcoin, Ether gains; Litecoin continues bull run; optimism a solution to US debt crisis can be reached
Bitcoin prices rose along with Ether, while Litecoin continues to lead gainers among other top 10 non-stablecoin cryptocurrencies.
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Bitcoin, Ether push higher, Litecoin biggest gainer in top 10 cryptos; U.S. stock futures, Asian equities gain
Bitcoin rose 2.07% to US$27,409 in 24 hours while Ether gained 1.27% to US$1,829. Litecoin was the biggest gainer of the day, rising 7.65%.
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Head of U.S. DOJ crypto enforcement eyes crackdown on non-compliant crypto exchanges: FT
The U.S. Department of Justice is aiming to crack down on cryptocurrency exchanges that help criminals facilitate money laundering
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Bank of Korea and financial regulator in turf war over who supervises crypto industry
Bank of Korea, the central bank, seems uncomfortable with the Financial Services Commission, the country’s regulator, having the mandate over the cryptocurrency industry. The bank is pushing for more say, arguing crypto can influence the stability of the overall financial market and that involves the central bank.