Microbt Debuts M60 Series in Dubai; Bitcoin Mining Rigs Boast 18.5 J/T Efficiency

During the Blockchain Life 2023 event in Dubai, Microbt rolled out its latest Whatsminer M60 series, which boasts an efficiency rating of 18.5 joules per terahash (J/T). Whatsminer M60 Series Showcased in Dubai On Tuesday, at the Blockchain Life 2023 conference in Dubai, Microbt showcased three next-generation miners from its M60 series. The firm had teased this…

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Coinbase Says SEC Is Attempting to ‘Redefine Definition of an Investment Contract’

Coinbase argues in a new filing that the Securities and Exchange Commission is attempting to control all investment activity and define its own regulatory ambit. Coinbase (COIN) has filed a response to the Securities and Exchange (SEC) to get an enforcement action against the exchange dismissed, arguing that the tokens don’t necessarily represent the definition…

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Ripple Joins Forces With Uphold to Improve Cross-Border Crypto Payments Liquidity

Ripple has partnered with Uphold to improve its cross-border crypto payments infrastructure. Uphold will provide Ripple with “enhanced crypto liquidity capabilities.” Ripple offers services in over 55 countries, with payout capabilities in more than 70 markets, the company said, adding that it has processed $30 billion worth of volume and 20 million transactions. Ripple Partners…

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U.S. Senators Unveil PROOF Act: A Bipartisan Push for Cryptocurrency Transparency

In a notable bipartisan move, Senators Thom Tillis and John Hickenlooper have presented the Proving Reserves of Others Funds (PROOF) Act, a legislative endeavor to bolster the security and integrity of the cryptocurrency industry. The bill responds to concerns stemming from incidents like the FTX collapse, aiming to prevent unethical mingling of customer funds and…

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Sen. Elizabeth Warren Demands Swift Action Against Crypto-Financed War by Hamas

A bipartisan group of lawmakers is urgently calling upon the Biden administration to take swift action against the use of Bitcoin and other cryptocurrencies by Hamas and its associated entities. In a letter sent on Tuesday to both the US Treasury Department and the White House, led by Senators Elizabeth Warren, Roger Marshall, and Representative…

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Teddy DAO

Teddy DAO: Bridging the Gap Between Charity and Web3 Education on Polkadot

In the fascinating confluence of philanthropy and cutting-edge technology, Teddy DAO, an initiative built on the Polkadot blockchain, is on a mission to introduce traditional donors to the intricate world of Web3. The project has successfully raised approximately $14,000 to support a wide array of charitable causes, encompassing initiatives focused on children’s welfare, combatting human…

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Corporate Giants Embrace Blockchain: Reshaping the Future

The blockchain industry, despite past challenges, is witnessing a surge in investments from major global companies. Notably, blockchain gaming and strategic partnerships are propelling growth. Sony’s innovative blockchain development, Astar Network’s collaboration, and Docomo’s substantial investments mark significant shifts. With telecom and tech giants joining forces, the industry is set for a promising transformation. Partnerships…

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“Binance Asserts: US Law Doesn’t Govern the World in CFTC Legal Battle”

In a recent legal tussle, Binance, a prominent digital asset exchange, contends that the United States Commodity Futures Trading Commission (CFTC) is endeavoring to apply its regulations on a global scale. The largest cryptocurrency exchange by trading volume argues in a court filing that the US regulator is attempting to oversee foreign companies that haven’t…

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Crypto leaders: 12 practical tips for effectively working with regulators

Only crypto leaders hold the knowledge and enthusiasm to help guide responsible regulations that don’t throttle crypto. The world is interested in crypto. In the United States and European Union, individual investors have shown they are intrigued by its possibilities, while emerging economies are leveraging it to expand access to financial services. This, of course,…

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