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Categories: Cryptocurrencies
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The latest news from the world of cryptocurrencies.
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The latest Messages

2024-04-14 16:32:52
Beauty and Fashion Brands Use Web3 Technology To Better Engage With Consumers

Before the emergence of Web3, brands primarily relied on Web2 channels, such as social media, to connect with consumers. In fact, recent statistics show that 77 percent of businesses use social media to reach customers. Consumer engagement strategies are evolving, however. With the maturation of new technologies like blockchain and artificial intelligence, forward-thinking brands have started incorporating these elements to better engage with consumers.

Jana Bobosikova, Co-Founder of community commerce company KIKI World, told Cryptonews that while the internet provides a platform for brands to be seen, new technologies can ensure that online products are not just passively consumed.

“KIKI is on a mission to empower passionate consumers,” said Bobosikova. “We founded the company with a simple vision that customers and communities should be rewarded and able to participate in the success of what they champion.”

To ensure this, Bobosikova explained that KIKI uses blockchain infrastructure to connect its community with products that may interest them.
13.6K views13:32
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2024-04-12 19:05:11
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12.9K views16:05
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2024-04-12 16:33:48
British Columbia Province to Regulate Electricity Supply for Crypto Miners

Josie Osborne, Minister of Energy, Mines and Low Carbon Innovation, said Thursday that the province is working to address high energy consumption by crypto miners in the region. This creates very few jobs or economic opportunities, she added.

Per the ministry’s statement, the legislative amendment would allow the government to prohibit or limit electricity usage for crypto miners. This is because the “unchecked growth” of the sector could make it expensive to supply electricity to homes and businesses.

In December 2022, the province has called for a suspension of new electricity connections for cryptocurrency mining for 18 months. That said, around 21 projects were temporarily suspended, which had requested total of 11,700 gigawatt hours of power per year.

According to a local report, minister Osborne noted that the province is working with British Colombia Hydro, the provincial power utility, to ensure there is enough electricity for the province’s future.
13.6K views13:33
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2024-04-10 18:07:02
The moment is here! Scorpion Casino's pre-sale on Pinksale is LIVE NOW! They’re in the running to potentially break the Pinksale record, with the action unfolding until April 14th at midnight UTC.

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14.8K views15:07
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2024-04-10 16:20:25
Anticipation builds as Scorpion Casino approaches their Pinksale pre-sale launch — happening TODAY, April 10th at 2 PM UTC! They're on the verge of potentially breaking records and wrapping things up on April 14th at midnight UTC.

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13.4K views13:20
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2024-04-10 16:15:08
Crypto Industry Needs ‘Light’ Regulatory Framework to Combat Risks: US Sen. Thom Tillis

The US Republican Senator Thom Tillis has called for a new regulatory framework for the crypto industry, which would “create the most hospitable environment for digital assets to thrive.”

During the Senate Banking Committee meeting on Tuesday, Tillis stressed “light” regulation to help curb illicit crypto financing. His remarks came after Deputy Treasury Secretary Adewale Adeyemo addressed the urgency of regulating cryptos due to national security risks.

“One thing I’d tell people in the crypto or digital assets space that say ‘Nothing to see here, everything is fine’ – they’re wrong,” Sen. Tillis noted. Senator Tillis added that the crypto regulation would “vastly” differ if there is a change of administration after November elections.

Banking Committee chair Sherrod Brown released a document supporting the Treasury’s enforcement goals before Adeyemo’s testimony. According to Brown’s statement, he called for the right “tools” to crack down on illicit finance with digital assets.
13.3K views13:15
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2024-04-10 15:33:16
: History in the making! Scorpion Casino is gearing up for a blockbuster pre-sale on Pinksale — and it all kicks off TODAY, April 10th at 2 PM UTC! Can they smash the all-time Pinksale record? JUST ONE HOUR TO GO!
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13.7K views12:33
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2024-04-08 16:33:29
HashKey Group Secures Bermuda License, Launches Global Platform

Through HashKey Global, the individual investors can trade more than 20 cryptos with stablecoins including Tether (USDT) and USD Coin (USDC). The platform plans to introduce futures trading within the first quarter post its launch.

Though the exchange has already accumulated around 170,000 users, Weng estimated that the number of potential users interested in trading who do not have access to the reginal platform is four times of the current user count.

To realize the potential and expand the markets HashKey serves, the new global platform is positioned to target international users, excluding China Mainland, Hong Kong, the United States, and other countries and regions that have an active crypto ban.

As of now, individual investors in Hong Kong can only trade Bitcoin (BTC) and Ethereum (ETH). The Group submitted application to the Securities and Futures Commission (SFC) in 2023 for four additional assets but has not received any approval yet.
14.8K views13:33
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2024-04-08 12:04:01
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13.7K views09:04
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2024-04-06 16:33:54
Terraform Labs and Co-Founder Do Kwon Found Guilty of Fraud in SEC Case

Terraform Labs and its co-founder, Do Kwon, have been found guilty of fraud in a civil case brought against them by the United States Securities and Exchange Commission (SEC).

The jury in the U.S. District Court for the Southern District of New York delivered the verdict in federal court after a two-week trial after hearing closing arguments earlier in the day, according to an official announcement.

The SEC alleged that Terraform Labs and its former CEO, Kwon, deceived investors regarding the stability of their crypto asset security and algorithmic stablecoin called Terra USD. Furthermore, they were accused of misleading investors about whether Terraform’s blockchain was used by a popular payment application for processing and settling payments.

“We are pleased with today’s jury verdict holding Terraform Labs and Do Kwon liable for a massive crypto fraud,” said SEC Enforcement Director Gurbir Grewal.
14.0K views13:33
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