The U.S. sanctioned a cryptocurrency swap service on Friday, part of a larger effort to crack down on North Korea’s practice of using hackers to steal money for the state. The sanctions, leveled against the company Blender.io, mark the first time that the U.S. Treasury Department has taken action against Read more…
California Governor Gavin Newsom signed an executive order on Wednesday to “create a transparent regulatory and business environment for Web 3 companies” in the state, according to a press release. Under the order, as well as the California Consumer Financial Protection Law passed in 2020, the state will create a Read more…
Would you like an NFT with your Starbucks latte? The coffee giant this week announced its plans to enter the Web3 space with the launch of its own NFT collection later this year where the individual digital collectibles also provide their owners with access to exclusive content experiences and other Read more…
The Securities and Exchange Commission is vastly expanding its fight against cryptocurrency fraud by hiring more than a dozen new employees to combat cybercrime, the agency said Tuesday. The additional 20 positions will result in almost a doubling in size of the agency’s Cyber Unit, which is also being renamed Read more…
Within a decade, 1 billion people will have used or tried crypto, up from about 200 million currently, Coinbase Global Chief Executive Officer Brian Armstrong said at the Milken Institute Global Conference on Monday. From a report: “My guess is that in 10-20 years, we’ll see a substantial portion of Read more…
There’s a new metaverse project from the creators of the “Bored Apes Yacht Club” NFTs. Last night they held a “virtual land” sale, reports Bloomberg, raising nearly a third of a billion dollars. At about the same time, Mashable noticed something else happening: If you were trying to complete a Read more…
Investor Warren Buffett addressed the annual shareholder meeting today for his multinational holding company Berkshire Hathaway — and said he still wouldn’t buy bitcoin. But this time he gave a detailed explanation why. “Whether it goes up or down in the next year, or five or 10 years, I don’t Read more…