Japan’s regulatory bottlenecks, not taxes, are the real reason crypto innovation is leaving the country, according to Maksym Sakharov, co-founder and CEO of Web3 firm WeFi. Sakharov told Cointelegraph that even if the proposed 20% flat tax on crypto gains is implemented, Japan’s “slow, prescriptive, and risk‑averse” approval culture will continue to push startups and…
Dragonfly Capital could be the target of federal charges stemming from its early investment in Tornado Cash developer PepperSec, Inc., but the venture firm says it is prepared to “vigorously defend” itself if prosecutors pursue the case. In a Friday social media post, Dragonfly Capital managing partner Haseeb Qureshi defended the firm’s early backing of…
Institutional interest in cryptocurrencies was piqued after “Crypto Week” in the US saw the passage of the industry’s key stablecoin bill, the Guiding and Establishing National Innovation for US Stablecoins, or GENIUS Act. Signed into law by US President Donald Trump on July 18, the GENIUS Act bans yield-bearing stablecoins in the world’s largest economy,…
Opinion by: Angie Darrow, chief marketing officer and chief ecosystem communications officer at Web3 Foundation When a temporary data cloud outage can disrupt the global financial system — as the AWS Tokyo outage demonstrated in April — something’s gone wrong with the infrastructure that underpins today’s data economy. In the early hours of April 12,…
Smart contract developers and auditors told Cointelegraph that artificial intelligence usage in programming will make crypto safer despite earlier reports suggesting that AI-generated code may introduce new security risks. A November 2024 report by the Center for Security and Emerging Technology warned that AI-assisted programming can be detrimental for cybersecurity. The paper suggests that AI…
Solana’s next-generation validator client, Firedancer, may not reach full speed on the network it was built for as technical limits push developers to test it elsewhere. One of those developers is Douglas Colkitt, a former high-frequency trader who’s testing a hybrid validator setup called Frankendancer on Fogo, a Solana-compatible chain built to remove the constraints…
Vietnam has officially launched a national blockchain platform designed to serve as the backbone for its expanding digital ecosystem. On Friday, Vietnam announced the launch of a state-run blockchain network, which will verify digital transactions and records across different sectors. The new platform, NDAChain, was developed by the country’s National Data Association (NDA) and will…
Corporate adoption of Bitcoin is accelerating, with 35 publicly traded companies now holding at least 1,000 BTC each, signaling growing institutional interest in the world’s largest cryptocurrency. Demand for Bitcoin (BTC) soars among public companies four months after US President Donald Trump’s executive order outlined the creation of a federal Bitcoin reserve for the world’s…
Ripple USD, a stablecoin issued by XRP coin issuer Ripple, was initially marketed as an “enterprise-focused” stablecoin but has since gained traction among retail users. Ripple officially introduced its Ripple USD (RLUSD) stablecoin in late 2024, with CEO Brad Garlinghouse highlighting its institutional focus, setting RLUSD apart from competitors primarily focused on retail use. Still,…
Digital asset platform OSL Group has secured $300 million in equity financing, marking the largest publicly disclosed equity raise in Asia’s crypto sector to date. On Friday, the company announced that it will deploy the funds in three growth areas: acquisitions, global business initiatives like payments and stablecoin infrastructure and boosting its working capital. The…