Crypto

Months before Kenya finally banned iris scans by Sam Altman's crypto startup Worldcoin, the Office of the Data Protection Commissioner (ODPC) had ordered its parent company, Tools for Humanity, to stop collecting personal data. The ODPC had in May this year instructed the crypto startup to stop

CoinDesk, a crypto media business owned by Digital Currency Group, is reducing its workforce, according to an internal email viewed by technewss. “Several roles, predominantly in our media team, were impacted by a reduction in force,” Kevin Worth, CEO of CoinDesk wrote in the

Sam Bankman-Fried, the former CEO of the now-bankrupt crypto exchange FTX, had his bail revoked ahead of his October trial, US District Court Judge Lewis Kaplan said on Friday. The decision came after allegations that Bankman-Fried leaked the diary of Caroline Ellison, the former C

In mid-July, a federal court settled a years-long battle between Ripple Labs and the SEC to decide if Ripple's XRP token was a security or not. Southern District of New York judge Analisa Torres ruled that the XRP token is not a security when sold to the general public, but it could be treated

Security is paramount in crypto, but as regular coverage of hacks and other exploits make plain, it is not taken seriously enough. Spearbit wants to change that, and it just raised a new round to accelerate its efforts. The startup raised $7 million in a funding round led by Framework Ventures with

Beacon, an early-stage web3 accelerator program, held its second cohort graduation on Wednesday. The demo day launched in tandem with its VC database, which opened to the public amid ongoing capital restraints in a bear market. The teams in the second cohort, its Summer 2023 group (Cohort S23), pr

While a plethora of products have been developed to meet the crypto needs of consumers, there are limited options designed to assist enterprises in managing digital assets. Many companies thus find themselves storing a significant amount of cryptocurrency in centralized exchanges and self-custodial

Artificial intelligence has captured the hearts, minds and wallets of the technology industry. So it’s little surprise that Microsoft, which has several irons in the AI fire, is working to expand its footprint in the area. On Wednesday, the company announced that it is partnering with layer-1

PayPal is rolling out a stablecoin for payments and transfers, the company announced on Monday. PayPal USD (PYUSD) is issued by Paxos Trust Company and is backed by U.S. dollar deposits, short-term U.S Treasuries and similar cash equivalents. PayPal says the stablecoin is rolling out to U.S. custom

Laws and regulations for digital assets tend to arrive either too early or too late. Too early when they include details that turn out to be awkward or irrelevant when technology moves in a different direction. Too late when they wait for certainty and meanwhile leave important areas unregulated an

Coinbase reported its second-quarter earnings Thursday afternoon after the bell, beating market estimates. During Q2, the second largest crypto exchange by trading volume generated total revenues of $707.9 million, down from $772.5 in the previous quarter and $808.3 million in the year-ago quarter.

Sam Altman's crypto startup Worldcoin yesterday faced its first major hurdle in Africa when authorities in Kenya suspended its iris-scanning activities (“proof of personhood verification”) over security, privacy and data protection concerns. Worldcoin now says it is working with relevant au

The crypto world is shaky right now. Fewer checks are being written, and regulatory pressure in the U.S. as well as economic uncertainty globally are casting a shadow on the sector as a whole. But the developer space is showing signs of promise. According to Alchemy's latest Web3 Development Re

Kenya was one of the first countries where Worldcoin — the controversial startup that aims to create a new “human identity and financial network” through eye scans and its own cryptocurrency — launched sign-ups. As of this week, it was one of the biggest markets for takeup.