[ad_1] Caroline Pham, a commissioner with the United States Commodity Futures Trading Commission (CFTC), has suggested a limited pilot program in an effort to address crypto regulation.In a pre-recorded message for a Cato Institute event on Sept. 7, Pham said that following public roundtable discussions she planned to propose a pilot program for digital asset markets, claiming the U.S. may soon need to “play catch-up” to crypto-friendly jurisdictions. She suggested
[ad_1] Financial giant JPMorgan is making another move into the crypto space with a new blockchain-based solution for cross-border transactions, reveals a report by Bloomberg. The system, however, won't be available until the bank receives the green light from regulators in the United States. JPMorgan has reportedly developed most of the infrastructure to run the new deposit token, which will be first launched for corporate clients to speed up payments and
[ad_1] The need for an oracle in decentralized finance (DeFi) is a major impediment to adoption in the real world, according to the authors of a Bank for International Settlements (BIS) bulletin. The problems with oracles are both practical and principled, and the study’s authors saw no way around them.An oracle is a third party that provides real-world data flowing to or from a DeFi protocol. An oracle is centralized
[ad_1] Hackers have been using a Windows tool to drop cryptocurrency-mining malware since November 2021, according to an analysis from Cisco's Talos Intelligence. The attacker exploits Windows Advanced Installer — an application that helps developers package other software installers, such as Adobe Illustrator — to execute malicious scripts on infected machines. According to a Sept. 7 blog post, the software installers affected by the attack are mainly used for 3D modeling and
[ad_1] 2023 has been a whipsaw year for investor sentiment and even though equities markets have defied expectations, a recent report from ARK Invest highlights reasons why the remainder of 2023 could present several economic challenges. ARK manages $13.9 billion in assets, and its CEO, Cathie Wood, is a strong advocate for cryptocurrencies. In partnership with the European asset manager 21Shares, ARK Investment first applied for a Bitcoin exchange-traded fund (ETF)
[ad_1] Ryan Salame, the former co-CEO of FTX Digital Markets, has pleaded guilty to charges related to defrauding the United States Federal Elections Commission and conspiracy to operate an unlicensed money transmitting businessAccording to a Sept. 7 announcement from the U.S. Justice Department, Salame pleaded guilty before a judge in U.S. District Court for the Southern District of New York, making him the fourth major player connected to defunct crypto
[ad_1] The United States House Financial Services Subcommittee on Digital Assets, Financial Technology and Inclusion will be holding a hearing discussing central bank digital currencies (CBDCs) for the first time in months.In a Sept. 7 announcement, Republican lawmakers on the committee said they planned to hold a hearing discussing the implications of releasing a CBDC as well as “private sector alternatives”. The ‘Digital Dollar Dilemma’ discussion will be held on
[ad_1] The $41 million hack of crypto gambling site Stake was carried about by the North Korean Lazarus Group, the U.S. Federal Bureau of Investigation (FBI) stated in an announcement on September 7. This group was also responsible for the Atomic Wallet, Alphapo, and CoinsPaid attacks in June and July and has stolen more than $200 million of crypto in 2023, the announcement stated.[JUST IN] FBI Identifies Lazarus Group Cyber
[ad_1] Big businesses are able to act as “mini-governments” and impose their own rules on payment infrastructure, Rohit Chopra, chair of the United States Consumer Financial Protection Bureau (CFPB), said at a fintech conference hosted by the Philadelphia Federal Reserve Bank on Sept. 7. As Big Tech continues to innovate, small firms may be squeezed out of the space, he added.The rapid development of consumer payment systems, particularly point-of-sale (POS)
[ad_1] Chinese technology corporation Tencent unveiled its “Hunyuan” artificial intelligence (AI) system, a multimodal large language model (LLM) similar to OpenAI’s ChatGPT, at the Global Digital Ecosystem Summit in Shenzhen on Aug. 7. Say hi to Hunyuan! Our large foundation model, unveiled at the Global Digital Ecosystem Summit. The platform is now available to enterprises in China, supporting a heap of functions, from image creation, copywriting, customer service and more. https://t.co/ifLfc9yCVQ
