Apecoin no longer going bananas, Pharrell touts Doodles and more…

Apecoin, the Ethereum-based token tied to the widely popular and almost definitely probably not 4Chan-related Bored Ape Yacht Club NFT project, saw its market cap drop by 67.2% or $4.3 billion during May and it has continued to slide since. Despite bearish macro factors looming over both crypto and stock markets throughout 2022, May in particular was a difficult month for crypto (thanks Terra!) Much like many other assets, Apecoin was unable to escape the brunt of this downturn, and its market cap declined by $4.3 billion to sit at…

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Chainalysis exec touts blockchain analysis to Senate homeland security committee

The collection and processing of information was a major theme at the United States Senate Committee on Homeland Security and Governmental Affairs (HSGAC) hearing titled, “Rising Threats: Ransomware Attacks and Ransom Payments Enabled by Cryptocurrency” on Tuesday. The committee hosted a panel of private-sector experts who discussed the problem of ransomware attacks and the challenges of collecting and using the information necessary to fight them.  Committee chair Gary Peters of Michigan, who introduced the Strengthening American Cybersecurity Act in February, said the government lacks sufficient data even to understand the…

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Spike Lee’s TV ad for crypto touts it as new money for a diverse world

Spike Lee’s new ad dubbed “The Currency of Currency” launched online today, and the two-minute spot depicts crypto as new money for a diverse world. The 64-year-old Oscar winning filmmaker directed and starred in the commercial for crypto ATM provider Coin Cloud, and in the ad, he explores themes such as racial and financial inequality, diversity, and inclusivity. “Old money, as rich as it looks, is flat out broke,” Lee says, adding “they call it green, but it’s only white” as he cites the lack of diversity in people depicted…

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Australia’s eSafety Commissioner touts blockchain as a solution to trolls

Australia’s eSafety Commissioner Julie Inman Grant has suggested a blockchain-powered ID solution could help tackle cyber abuse and trolling while allowing users to maintain a level of anonymity. Speaking to New South Whales media outlet The Sydney Morning Herald, Grant said that while anonymity was beneficial for general online use, people hiding behind anonymity online to harm others remained a big problem in society. She said blockchain-powered digital IDs could help strike a balance by hiding user’s details unless requested by law enforcement. Inman Grant stated that: “There’s more that…

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SEC leader touts record on digital assets on his way out the door

Bill Hinman, outgoing director of the Division of Corporation Finance at the U.S. Securities and Exchange Commission chose to focus one of his last speeches on the commission’s achievements in regulating crypto during his tenure. In remarks published on the Securities and Exchange Commission, or SEC, website on Nov. 18, Hinman cited the SEC’s record as being open to technologies like cryptocurrencies and blockchain without the need for overhauling the existing regulatory framework. “Being able to apply the federal securities laws to new and emerging technologies like digital assets without…

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Ripple Touts XRP Use in New Crypto Framework Suggested for India

American fintech firm Ripple has proposed a policy framework for regulating crypto in India amid local crypto uncertainty. In an effort to persuade Indian authorities to support fintech regulation and the growing crypto industry, Ripple issued a policy paper addressed to local legislators. India as a dominant use-case for cross-border payments and remittances Released on June 18, Ripple’s policy paper provides a number of recommendations for Indian policymakers, offering an overview of the global digital assets landscape and measures to adopt a new digital currency policy in the country. Titled…

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PBoC Researcher Touts More Centralized Approach to Blockchain

Giving up absolute decentralization could solve many of the problems facing blockchain technology, according to Yao Qian, the People’s Bank of China’s digital currency research lead. In an opinion article, published by Chinese business news site Yicai on Friday, Yao summarized the current state of development of bitcoin and blockchain technology and offered his view on how the future of the tech should play out. While praising blockchain’s key features of traceability and smart contract functionality, the research director restated his belief that blockchain’s current bottleneck lies in how to achieve greater…

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China’s Ant Financial Touts Blockchain, Nixes ICO Chatter

Join our community of 10 000 traders on Hacked.com for just $39 per month. Jing Xiandong, Ant Financial’s chief executive, called the blockchain “a cornerstone of trust” but dashed any hopes that the payments leader will pursue an initial coin offering. Xiandong, who also goes by Eric, set the record straight at the annual China Development Forum over the weekend. “The core of the blockchain lies in using technology to create a multi-party trust mechanism. Imagine if the participating parties trust the figures and objects if the world is fully digitalized.…

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