Google Cloud Marketplace adds support for nine different blockchain APIs, including Bitcoin and Ethereum, through integration with layer-1 Oracle network Flare. Layer-1 Ethereum Virtual Machine (EVM) blockchain platform Flare has integrated its application programming interface (API) portal on Google Cloud…
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Crypto Exchange Coinbase Faces Legal Action Over Biometric Data Collection
The Nasdaq-listed cryptocurrency exchange Coinbase has been accused of “wrongfully” profiting from its users’ facial and fingerprint scans. “Coinbase collects, stores, possesses, otherwise obtains, uses, and disseminates its users’ biometric data to, amongst other things, further enhance Coinbase and its…
36% of the top 1,000 crypto projects went silent on blogging this year
A whopping 35.8% of the world’s largest crypto projects haven’t uploaded a single blog post in 2023. More than a third of the top 1,000 crypto projects — a term that includes both crypto companies and individual tokens — haven’t…
FTX seeks to claw back $4B from Genesis in a battle of the bankrupt
The bankrupt crypto exchange wants to recoup billions from the bankrupt crypto lender claiming it was “instrumental” to FTX’s “fraudulent” business model. Cryptocurrency exchange FTX is seeking to recover around $4 billion from similarly bankrupt crypto lender Genesis and a…
Jury convicts former OpenSea manager in NFT-insider trading case
Prosecutors claimed Nathaniel Chastain profited from inside information as to which NFTs would be featured on the marketplace. The former OpenSea manager who was accused of insider trading of NFTs has been convicted on May 3 of wire fraud and…
French Senate proposal would allow influencers to promote cryptocurrency
The Senate’s proposal comes just months after the National Assembly floated legislation banning influencer advertising for crypto products and services. The French Senate’s Committee on Economic Affairs recently approved an amendment to pending legislation allowing registered cryptocurrency companies to hire…
Sotheby’s launches on-chain secondary NFT marketplace: Nifty Newsletter, April 26–May 2
Sotheby’s marketplace will attempt to set itself apart by presenting a range of artists curated by experts from the auction house. In this week’s newsletter, read about Sotheby’s auction house launching a secondary nonfungible token (NFT) marketplace. Find out about…
White House Pushes DAME Tax Proposal to Address Alleged Environmental Costs of Crypto Mining
On May 2, 2023, the Biden administration unveiled a blog post outlining the Digital Asset Mining Energy (DAME) tax, featured in the president’s comprehensive 182-page budget proposal for the fiscal year 2024. The DAME tax targets “making crypto miners pay…
Federal Reserve Raises Interest Rate by 25bps, Insists ‘US Banking System Is Sound and Resilient’
The U.S. Federal Reserve, in conjunction with the Federal Open Market Committee (FOMC), announced on Wednesday that the central bank would raise the federal funds rate by 25 basis points (bps), as was widely expected by the market. This marks…
Bitdeer Partners With Druk Holding & Investments For Bitcoin Mining Operation In Kingdom Of Bhutan
The mining operations will be “carbon-free” according to the firms and the first expansion by Bitdeer into Asia. Bitdeer Technologies Group and Druk Holding & Investments have partnered to develop a 100% carbon-free digital asset mining operation in the Kingdom…