Blockchain tech company Paxos published a blog post on Tuesday illustrating how Web3 can empower enterprises in the financial sector, and kickstart a “new era” of digital sovereignty.“Web3” is a loose term for capturing the oncoming third generation of the internet, which combines the decentralization of the early internet with…

Bankrupt crypto lender BlockFi has filed a motion for order in the US bankruptcy court for the District of New Jersey, seeking permission to convert “trade-only” wallet assets into stablecoins, “that wallet users could then withdraw.”According to the proposal, these assets comprise less than one-half of a percent (0.5%) of…

The social media platform X, formerly known as Twitter, has acquired a regulatory license that enables it to process cryptocurrency payments in the US.The specific license is the Rhode Island Currency Transmitter License, issued to X on August 28, according to publicly available data from the Nationwide Multi-State Licensing System…

Securities and Exchange Commission (SEC) Chairman Gary Gensler is scheduled to appear before Congress twice in September, first testifying to the Senate Banking Committee on September 12 and later to the House Financial Services Committee on September 27. The hearings follow mounting criticism from Republican lawmakers over the SEC’s approach to…

Bitcoin’s price rose to nearly $28,143 on Tuesday following a positive legal ruling for digital asset manager Grayscale. However, analysts remain cautious about the sustainability of the rally amid low spot market volumes.Data showed Bitcoin’s price gained 7.5% after a federal court ruled that the Securities and Exchange Commission was…

Legal proceedings against Uniswap, a leading decentralized exchange protocol, took a turn today when a class action lawsuit filed against it was dismissed. Mike Wawszczak, a legal analyst, revealed that the judge presiding over the case — initially lodged by the US Securities and Exchange Commission (SEC) against Coinbase — found…

Countless people have felt the sting of ill-timed investments, often resulting from a lack of insightful forecasting tools. History is replete with tales of missed opportunities and financial misjudgments. As the lines between market forecasting and artificial intelligence blur, however, a project stands at this intersection promising to help traders…

Wealth management firm Bernstein has said that the recent Grayscale victory over the Securities and Exchange Commission (SEC) will pave the way for a spot Bitcoin (BTC) ETF approval.In a research report released on Aug. 29, the broker noted that the win marks the second huge victory for the industry…

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________Exchange newsBinance Japan said that it aims to offer at least 100 tokens on its platform in the short term, which is about three times the current offering, according…

Prada Group, the parent company of Miu Miu, has embraced high-tech solutions like blockchain technology to combat counterfeit products.The company, in cooperation with the Aura Blockchain Consortium, has launched blockchain services that allow customers to verify the authenticity of their purchased products, according to a Wednesday report from Bloomberg. “This authentic Prada product’s certificate has…