Crypto lending platform Nexo will phase out cashback services on UK exchanges and credit card transactions due to UK Financial Conduct Authority (FCA) rules. Cashback will be phased out from October 8 on Nexo Exchange and Nexo Card transactions, as well as referral and affiliate programs. It is understood that the British FCA is about to implement stricter encryption marketing regulations. Under the new regulations, cryptocurrencies will be classified as a "restricted" mass-market investment,...

Crypto lending platform Nexo will phase out cashback services on UK exchanges and credit card transactions due to UK Financial Conduct Authority (FCA) rules. Cashback will be phased out from October 8 on Nexo Exchange and Nexo Card transactions, as well as referral and affiliate programs. It is understood that the British FCA is about to implement stricter encryption marketing regulations. Under the new regulations, cryptocurrencies will be classified as a "restricted" mass-market investment,...

Native USDC has been launched on the Polygon PoS mainnet, and with the addition of Polygon PoS, native USDC is now circulating on 15 blockchain networks. Businesses and institutions can use Circle Mint and its API to access on/off-ramps at USDC on Polygon PoS. Circle Mint also makes it easy to deposit USDC from one chain and withdraw USDC on another, avoiding the costs and delays of third-party bridging. Developers can use native USDC on Polygon PoS to build long-lasting and officially backed...

Native USDC has been launched on the Polygon PoS mainnet, and with the addition of Polygon PoS, native USDC is now circulating on 15 blockchain networks. Businesses and institutions can use Circle Mint and its API to access on/off-ramps at USDC on Polygon PoS. Circle Mint also makes it easy to deposit USDC from one chain and withdraw USDC on another, avoiding the costs and delays of third-party bridging. Developers can use native USDC on Polygon PoS to build long-lasting and officially backed...

WEMIX, a chain game platform owned by South Korean listed game company Wemade, said it has invested in 5 Chinese game developers through a US$30 million blockchain game special fund co-created in March with Mirana Ventures, an investment arm of Bybit. The CCP used 6.4 million US dollars, involving games including MMORPG, card battle, sports, strategy simulation and other types of games.

WEMIX, a chain game platform owned by South Korean listed game company Wemade, said it has invested in 5 Chinese game developers through a US$30 million blockchain game special fund co-created in March with Mirana Ventures, an investment arm of Bybit. The CCP used 6.4 million US dollars, involving games including MMORPG, card battle, sports, strategy simulation and other types of games.

Things are not looking good for the new U.S. cryptocurrency laws. This year, two cryptocurrency draft bills have passed the House Financial Services Committee, one to establish a market structure for cryptocurrencies and the other to regulate stablecoins. The full House of Representatives could have taken action on both cryptocurrency bills this month. Debate and make progress. But the government shutdown drama will delay hearings on the cryptocurrency bill until the end of this year or early...

Things are not looking good for the new U.S. cryptocurrency laws. This year, two cryptocurrency draft bills have passed the House Financial Services Committee, one to establish a market structure for cryptocurrencies and the other to regulate stablecoins. The full House of Representatives could have taken action on both cryptocurrency bills this month. Debate and make progress. But the government shutdown drama will delay hearings on the cryptocurrency bill until the end of this year or early...

Twelve jurors for the SBF trial have been confirmed, with an additional six alternates. Over the next six weeks, they will decide whether SBF is guilty. The 12 jurors include 9 women and 3 men, ranging in age from 33 to 69 years old. Their backgrounds are as follows:A 39-year-old female physician assistant, 10 weeks pregnant, with a medical background, and her husband is a web developer.A 33-year-old female nurse who lives alone in Westchester, New York.40-year-old female social worker, curre...

Twelve jurors for the SBF trial have been confirmed, with an additional six alternates. Over the next six weeks, they will decide whether SBF is guilty. The 12 jurors include 9 women and 3 men, ranging in age from 33 to 69 years old. Their backgrounds are as follows:A 39-year-old female physician assistant, 10 weeks pregnant, with a medical background, and her husband is a web developer.A 33-year-old female nurse who lives alone in Westchester, New York.40-year-old female social worker, curre...

Alethea AI, an intelligent metaverse project, has entered into a strategic partnership with the AWS Startups program. Alethea AI will leverage AWS's GPU and computing resources to expand its infrastructure to meet the needs of tens of millions of visitors. AWS Startups is a program offered by Amazon Cloud Services to help startups leverage AWS cloud services to drive business growth. It provides a range of resources, including the right tools, documentation, and resources, to help startu...

Alethea AI, an intelligent metaverse project, has entered into a strategic partnership with the AWS Startups program. Alethea AI will leverage AWS's GPU and computing resources to expand its infrastructure to meet the needs of tens of millions of visitors. AWS Startups is a program offered by Amazon Cloud Services to help startups leverage AWS cloud services to drive business growth. It provides a range of resources, including the right tools, documentation, and resources, to help startu...

FTX co-founder Gary Wang testified in court on Thursday that SBF allowed Alameda to withdraw funds unlimitedly. He explained that Alameda has a large credit limit, allows for faster execution of orders on the FTX platform, and unlimited withdrawals of funds. It was allowed to maintain a negative balance, he said. When FTX collapsed, Alameda had withdrawn $8 billion from the platform and $65 billion from its credit line. He added that Alameda’s debt profile sets it apart from other market make...

FTX co-founder Gary Wang testified in court on Thursday that SBF allowed Alameda to withdraw funds unlimitedly. He explained that Alameda has a large credit limit, allows for faster execution of orders on the FTX platform, and unlimited withdrawals of funds. It was allowed to maintain a negative balance, he said. When FTX collapsed, Alameda had withdrawn $8 billion from the platform and $65 billion from its credit line. He added that Alameda’s debt profile sets it apart from other market make...

A group of senators, led by Democratic Senator Elizabeth Warren and independent Senator Elizabeth Warren, is urging U.S. tax officials to bring forward regulations requiring cryptocurrency brokers and exchanges to report customer transaction information to the government. When the U.S. Congress enacted relevant legislation in 2021, it planned to allow these companies to start reporting digital asset sales and transaction data two years earlier than the above regulations. Warren and others wro...

A group of senators, led by Democratic Senator Elizabeth Warren and independent Senator Elizabeth Warren, is urging U.S. tax officials to bring forward regulations requiring cryptocurrency brokers and exchanges to report customer transaction information to the government. When the U.S. Congress enacted relevant legislation in 2021, it planned to allow these companies to start reporting digital asset sales and transaction data two years earlier than the above regulations. Warren and others wro...

Michael Gronager, CEO of blockchain analysis company Chainalysis, informed employees via email that about 150 people will be laid off, accounting for 15% of the total number of employees (900). The reason for the layoffs is that the company is continuing to retreat from the commercial market and shift towards the more stable government contract business, which currently accounts for 70% of Chainalysis' revenue. Chainalysis said it is expanding the investigative capabilities of its core p...

Michael Gronager, CEO of blockchain analysis company Chainalysis, informed employees via email that about 150 people will be laid off, accounting for 15% of the total number of employees (900). The reason for the layoffs is that the company is continuing to retreat from the commercial market and shift towards the more stable government contract business, which currently accounts for 70% of Chainalysis' revenue. Chainalysis said it is expanding the investigative capabilities of its core p...

Italy's central bank deputy governor Piero Cipollone defended plans for a digital euro at a hearing with lawmakers on Monday as he seeks approval for the job to replace Fabio Panetta, the European Central Bank's (ECB) CBDC chief. "A digital euro will enhance the ability to use public funds for payments, based on European technology and infrastructure," he told members of the European Parliament's economic and monetary affairs committee. He also promised that the digital euro wo...

Italy's central bank deputy governor Piero Cipollone defended plans for a digital euro at a hearing with lawmakers on Monday as he seeks approval for the job to replace Fabio Panetta, the European Central Bank's (ECB) CBDC chief. "A digital euro will enhance the ability to use public funds for payments, based on European technology and infrastructure," he told members of the European Parliament's economic and monetary affairs committee. He also promised that the digital euro wo...

Analyst Ming-Chi Kuo recently wrote that META’s head-mounted device (Metaverse) hardware business may suffer losses higher than market consensus due to weak demand. Ming-Chi Kuo’s latest survey points out that META’s headset/metaverse hardware shipments continue to decline significantly, so downsizing the headset/metaverse business will have limited help in improving losses. The initial shipment estimate of Quest 3 was to reach more than 7 million units in 2H23. However, due to expected weak ...

Analyst Ming-Chi Kuo recently wrote that META’s head-mounted device (Metaverse) hardware business may suffer losses higher than market consensus due to weak demand. Ming-Chi Kuo’s latest survey points out that META’s headset/metaverse hardware shipments continue to decline significantly, so downsizing the headset/metaverse business will have limited help in improving losses. The initial shipment estimate of Quest 3 was to reach more than 7 million units in 2H23. However, due to expected weak ...

According to monitoring by Beosin EagleEye, a subsidiary of Beosin, Galxe is suspected of suffering a DNS hijacking attack and a large number of user funds were stolen. The stolen funds currently counted involve multiple currencies, mainly sent to the address 0x4103baBcFA68E97b4a29fa0b3C94D66afCF6163d. This address collected a total of more than 70,000 US dollars in virtual currency. Finally, almost all the funds were converted into ETH and sent to the address 0x1c0e96Ef2A82b573B826B4138DF9c1...

According to monitoring by Beosin EagleEye, a subsidiary of Beosin, Galxe is suspected of suffering a DNS hijacking attack and a large number of user funds were stolen. The stolen funds currently counted involve multiple currencies, mainly sent to the address 0x4103baBcFA68E97b4a29fa0b3C94D66afCF6163d. This address collected a total of more than 70,000 US dollars in virtual currency. Finally, almost all the funds were converted into ETH and sent to the address 0x1c0e96Ef2A82b573B826B4138DF9c1...