Legal News
Crypto exchange Binance plans to ask the court to dismiss a lawsuit filed by the US Commodity Futures Trading Commission (CFTC). Binance entities, CEO Changpeng Zhao, and former Chief Compliance Officer Samuel Lim will file separate motions seeking dismissal.
Blockchain News
Fine art marketplace Exchange.art will integrate with the Ethereum blockchain on August 1. The integration allows creators to cater to Solana and Ethereum collectors, increasing discoverability and profits.
Regulation News
The UK’s Information Commissioner’s Office (ICO) will examine Worldcoin, a project by OpenAI CEO Sam Altman, to ensure compliance with data protection laws. Worldcoin Foundation spokesperson stated that they adhere to strict privacy guidelines and are assessing local regulations.
Crypto exchange Rain obtained a license to operate a virtual asset brokerage and custody service in the UAE, becoming the country’s first licensed retail exchange.
DeFi News
Decentralized infrastructure protocol Pocket Network approved a budget of $1.4 million for projects that empower developers with reliable, performant, and cost-effective access to blockchains. The budget includes grants and income allocation for important projects.
Gaming News
Phantom Galaxies, an open-world mech shooter ARPG, integrated Chainlink Verifiable Random Function (VRF) on Polygon mainnet. This ensures a fair and tamper-proof source of randomness for the generation of Planet NFTs.
Career News
Finery Markets, an OTC trading solutions provider, appointed Tom Gould as the Director of Strategic Partnerships. Gould brings over 25 years of experience in the financial industry to the role.
Hot Take:
The crypto industry continues to see legal battles, regulatory scrutiny, and advancements in blockchain integration. The approval of a budget for important DeFi projects and the appointment of a new director in the industry indicate its growth and potential. Gaming also embraces blockchain technology to enhance user experiences. The crypto world is constantly evolving and expanding, with new opportunities and challenges arising every day. Stay informed and engaged to navigate this exciting landscape.