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Crypto
Dubai VARA orders KuCoin to halt operations, citing unlicensed activity
Dubai’s Virtual Assets Regulatory Authority (VARA) ordered four affiliated entities operating under the KuCoin brand to immediately stop all unlicensed virtual asset business, The Block reported on Thursday. VARA said KuCoin did not hold the approvals required to operate in Dubai. It said the firms operated illegally using the KuCoin brand and domain and may have falsely indicated they held a licence while serving Dubai residents.
Crypto
Vitalik Buterin says Ethereum app layer needs rethinking from scratch
Ethereum co-founder Vitalik Buterin urged developers to comprehensively reassess how applications are built on Ethereum, The Block reported. He said core protocol security should be preserved, but developers need a more experimental mindset and more freedom to challenge long-held assumptions about decentralised application design. Buterin highlighted privacy as a priority, saying much of the current application stack would need rebuilding. He also outlined possible shifts in DeFi, oracle design and AI-driven user access.
Crypto
Russian central bank considers allowing banks, brokers to run crypto exchanges
Russia's central bank is considering a plan that would allow banks and securities firms to operate cryptocurrency exchanges using their existing financial licences, The Block reported on March 6. Under the proposal, firms would receive approval through a notification procedure rather than obtaining a separate new licence. Central Bank Governor Elvira Nabiullina cited existing anti-money laundering and counter-terrorist financing infrastructure. She also proposed limiting banks' risk to 1 percent of capital.
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Crypto
OKX launches in-app social network Orbit for real-time trading and performance verification
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Crypto
Coinbase launches cross-margin for institutions integrating spot and derivatives
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Crypto
Florida state legislature passes stablecoin regulation bill
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Crypto
Crypto lender BlockFills seeks restructuring after halting withdrawals
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Crypto
Curve Finance warns PancakeSwap over alleged code theft, says proper licensing needed
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AI & Enterprise
After Microsoft, Google to keep providing Anthropic AI outside defense projects
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Crypto
Bitcoin slides after touching $70,000 on short liquidations and profit-taking
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Crypto
PsiQuantum starts building 1 million-qubit quantum facility, raising Bitcoin security debate
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Crypto
Ethereum faces 'death spiral' warning; report says upgrade hurt economics and Vitalik Buterin is selling
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Crypto
Unprecedented alt season nears as era of crypto rallies in unison ends
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Crypto
Why Ripple bet 4 billion dollars; watching only XRP could mean missing this
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AI & Enterprise
Cylake raises $45 million seed funding on on-premises AI security platform
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AI & Enterprise
Anthropic's Claude finds Firefox bug in 20 minutes, identifies 14 high-risk flaws in two-week test
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AI & Enterprise
Google releases Workspace CLI to lower barriers to AI agent integration
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AI & Enterprise
Claude closes in on OpenAI in AI chatbot market as ChatGPT slips in U.S. App Store