IoT project turns smartphones into blockchain nodes to broaden connectivity
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A new project aims to use the Internet of Things to let smartphone users establish nodes, providing connectivity to IoT smart devices, report Cointelegraph. Smartphones could become an integral part of blockchain networks, powering connectivity between smart devices in the Internet of Things (IoT) industry. Nodle is the firm behind a connectivity platform that incentivises […]

RMS Titanic artifacts to be tokenised as NFTs in new partnership
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Artifacts recovered from the wreckage of the Titanic will be tokenised using blockchain technology through a partnership driven by the company that acts as steward of the sunken vessel, reports Cointelegraph. A three-way partnership involving the company RMS Titanic (RMST), Hong Kong-based Venture Smart Financial Holdings and Web3 firm Artifact Labs will begin tokenising precious […]

Hundreds of blockchains at risk of ‘zero-day’ exploits, warns security firm
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More than 280 blockchain networks are at risk of “zero-day” exploits that could put at least $25 billion worth of crypto at risk, according to cybersecurity firm Halborn. Cointelegraph writes a 13 March blog post from Halborn warned of the vulnerability it dubbed “Rab13s” — adding it has already worked with some blockchains, such as […]

Crypto bros are fast becoming unbankable
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Crypto bros are quite literally becoming bankless and unbankable, writes Bloomberg. By abruptly bundling crypto-friendly Signature Bank — one of the last of its kind — into receivership amid an extraordinary weekend operation to backstop the US banking system, regulators are sending a message that volatile tokens and decentralised finance need to be kept far […]

Signature Bank shutdown caused by ‘crisis of confidence’ in leadership, says NYDFS
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Signature Bank was not shut down for crypto-related reasons, the New York Department of Financial Services has said, rejecting claims that the regulator took over the bank to send an “anti-crypto message.” NYDFS took over Signature over the weekend (11/03/2023), reports Coindesk, turning it over to the Federal Deposit Insurance Corporation (FDIC). The move followed […]

Pakistan banks agree on blockchain-based KYC system development
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The Pakistan Banks’ Association (PBA), a group of 31 traditional banks operating in Pakistan, has signed off on developing a blockchain-based Know Your Customer (KYC) platform, reports Cointelegraph. On March 2, the PBA signed the project contract to develop Pakistan’s first blockchain-based national eKYC banking platform, as reported by the Daily Times. The move aims […]

AI artist Claire Silver to show NFT collection at Louvre
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Claire Silver, an artist who utilises artificial intelligence across her non-fungible token (NFT) projects, is set to debut her new collection at the Louvre Museum in Paris later this month, reports Coindesk. Her new collection, titled “can i tell you a secret,” is an “autobiographical series of 100 post-photography pieces created with AI,” Variety first […]

Visa and Mastercard halt new crypto partnerships
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According to sources, Visa and Mastercard will delay the launch of new blockchain partnerships until market conditions improve and a clearer regulatory framework is established, reports Cointelegraph. According to a Reuters report published on 28 February, American payment processors Visa and Mastercard have delayed the launch of new partnerships with crypto firms due to high-profile […]

Nigerian rejection of CBDC a cautionary tale
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In Nigeria, citizens have taken to the streets to protest the nation’s cash shortage, further objecting to their government’s implementation of a central bank digital currency (CBDC), writes Nicholas Anthony, at Coindesk. The shortage came about due to cash restrictions aimed at pushing the country into a 100% cashless economy. Yet, instead of adopting the […]

We don’t want to stifle crypto, says Fed Reserve Chairman
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Federal Reserve Chairman Jerome Powell has made it clear that the central bank doesn’t want to prevent crypto innovation but warned that the industry is still replete with fraud and risks, reports CryptoNews. Powell has testified on Capitol Hill before the Senate Banking Committee, and when asked about the cryptocurrency space, he said that the […]

Crypto firms brace for ‘carpet-bombing moment’ in US as Europe beckons
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Crypto lobbyists have a new cudgel in their intensifying battle with US regulators: Europe wants their business, writes Politico. Industry leaders are increasingly making the trans-Atlantic juxtaposition to argue for clearer regulations as US agencies begin to enforce decades-old rules for trading and banking in the crypto world. Congress is nowhere near the point where […]