The Hong Kong Monetary Authority (HKMA) has introduced the Project Ensemble Sandbox, an initiative designed to test tokenization use cases across various asset classes and real-world financial applications, according to an Aug. 28 statement. The sandbox will explore and refine the use of tokenized money in interbank settlements and transactions…
The HKMA’s project is gearing up for more testing after successful initial trials. Source link
Embattled crypto platform WazirX has entered an initial 30-day moratorium following a $234 million hack in July, pending a decision by Singapore’s High Court on whether to grant an extension, according to an Aug. 28 statement. This development arose as rival platform CoinSwitch announced its intention to pursue legal action…
Many Bitcoiners believe that Donald Trump will save the industry from the Democrats. But that could only happen if he wins. Source link
OpenSea CEO Devin Finzer announced that the firm received a Wells Notice from the US Securities and Exchange Commission (SEC) because the regulator considers the NFTs on its platform securities. In an Aug. 28 statement on X, Finzer expressed surprise at the SEC’s broad action against creators and artists. He…
CEO Devin Finzer pledged to “stand up and fight” any potential enforcement action the regulator might bring involving NFTs. Source link
Available exclusively via The unlikely reality of Bitcoin as a reserve currency Andjela Radmilac · 3 days ago CryptoSlate’s latest market report dives deep into the feasibility, implications, and potential consequences of Bitcoin becoming a reserve currency in the US.
Japanese minister Takeru Saito hopes to create an environment to lure businesses and developers worldwide. Source link
Ethereum co-founder Vitalik Buterin sees crypto airdrops as a promising initial use case for blockchain-based identity frameworks. In an Aug. 28 post on X, Buterin outlined the goals of airdrops as distributing tokens to genuine community members, rewarding project contributions, and ensuring fairness. He suggested that projects could leverage ZK-based…
After previously opposing another AI-related bill, SB 1047, OpenAI has expressed support for AB 3211, which would require watermarks on AI-generated content. Source link