News

New Islamic Banking Unit Operates after Receiving BSP License

PDate: 9/4/2024
Content: Maybank Philippines, Incorporated officially started its Islamic banking operations on 14 August 2024, after receiving the grant of authority from the Bangko Sentral ng Pilipinas (BSP) on 04 July 2024.This is the second Islamic...

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4 Sep 2024

Bitcoin Dives Under $56K as Asian Equities See Red

The August reading of the Institute for Supply Management’s manufacturing index slumped for a fifth straight month with a rebound from July but remaining below the 50 threshold.

4 Sep 2024

Trump Family Members Hacked to Promote Apparent Crypto Scam

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4 Sep 2024

They’re Breaking Every Retirement Rule to Be Off Now, Not Later

Some workers want to spread retirement throughout their careers, even if it means a smaller 401(k).

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4 Sep 2024

Polygon to Start Much-Awaited Swap of POL Token for Longstanding MATIC

The migration from POL to MATIC will also bring in some tokenomics changes with a new emission rate of 2%.

3 Sep 2024

Inside the Trump Crypto Project Linked to a $2M DeFi Hack and Former Pick-Up Artist

Four team members listed in World Liberty Financial's white paper previously worked on Dough Finance, which was drained of $2 million in July. One also founded Date Hotter Girls LLC.

3 Sep 2024

DeFi Protocol Penpie Exploited for $27M of Crypto Assets; PNP Token Craters 40%

Crypto users lost some $2 billion due to hacks, scams and exploits throughout 2023, one report said.

3 Sep 2024

Fears of Economic Slowdown Spark Stock-Market Selloff

The Dow industrials slid more than 600 points and the Nasdaq Composite shed 3.3%.

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3 Sep 2024

How Decentralized AI and Zero-Knowledge Proofs Will Democratize Compute

AI is at risk of the same centralization seen in earlier editions of the internet. But another way is possible, say Mahesh Ramakrishnan and Vinayak Kurup.

3 Sep 2024

Why ‘Universal Basic Compute’ Is a Solution to Economic Inequality

And how DePIN networks could make it possible, according to Mark Rydon, Co-Founder of Aethir.

3 Sep 2024

Bitcoin Could Drop 20% After Fed Rate Cuts in Bearish Case, but Weak September Presents Buying Opportunity: Analysts

Bitcoin could fall to as low as somewhere in the $40,000-$50,000 range following a September Fed rate cut in a bearish scenario, Bitfinex said in a report.

3 Sep 2024

Why the SEC Is Wrong About NFTs

The SEC's Wells notice against OpenSea showed once again how regulators are overreaching in interpreting the law, says Edward Lee, a professor at Santa Clara University School of Law, and the author of "Creators Take Control."

3 Sep 2024

Institutional DeFi Needs a BUIDL Moment

The lack of institutional adoption in DeFi is mostly due to capability limitations, not just regulatory uncertainty, says Jesus Rodriguez, CEO, IntoTheBlock.

3 Sep 2024

Crypto Tuesday Crumble Sends Bitcoin Below $58K, Ether to 7-Month Low

Flattish markets turned decidedly negative as U.S. stocks posted sharp losses following the three-day weekend.

3 Sep 2024

Facing Up to Crypto’s Gen Z Stigma

Students should be among the earliest adopters of Web3, but they’re currently not using the technology, says Benjamin Sturisky, research analyst at Delphi Digital and president of Gator Blockchain.

3 Sep 2024

Matter Labs Restructures to Meet Changing Demands, Lays Off 16% of Team

The company made the move to adapt to "the different type of technology and support" that developers building on ZKsync now require.

3 Sep 2024

In Retirement, There’s Finally Time to Cherish the Past

A trip to a childhood home. Boxes of old letters. A storage room filled with artifacts from long ago. The memories they evoke have never felt so dear.

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3 Sep 2024

CoinDesk 20 Performance Update: DOT and HBAR Outperform as Index Rises 0.9%

Polkadot gained 2.6% while Hedera rose 2.4%, helping push the index higher.

3 Sep 2024

BitGo CEO Says Wrapped Bitcoin’s Critics Aren’t Being ‘Intellectually Honest’ About Their Concerns

The loudest critics of BitGo’s deal with Justin Sun-affiliated BiT Global also want to see their ‘number go up.’

3 Sep 2024

First Mover Americas: Bitcoin Gain Checked by Hints of Further BOJ Rate Rises

The latest price moves in bitcoin (BTC) and crypto markets in context for Sept. 3, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

3 Sep 2024

Ripple Will Soon Add Ethereum Compatible Smart Contracts to XRP Ledger

The contracts will exist on a sidechain built on XRPL, developers said in a Tuesday post.

3 Sep 2024

SEC Commissioner Mark Uyeda Calls for S-1 Form Tailored for Digital Assets

Uyeda said the U.S. agency can work with crypto firms to figure out how to differentiate S-1 forms for digital assets.

3 Sep 2024

Qatar Brings in Crypto Rules Framework in a Sign of Web 3 Development in the Middle East

The framework includes recognition of smart contracts, licensing for crypto companies, property rights in tokens and custody arrangements among other issues.

3 Sep 2024

Bank of Japan Governor Hints at More Rate Hikes; BTC Drops 0.4%

The divergent monetary policy paths of the BOJ and the Fed mean potential for yen strength and pain for risk assets, including cryptocurrencies.

3 Sep 2024

Celo Philippines DAO Established, Unveils Future Plans

The DAO is set to solidify Celo's presence in the Philippines.

3 Sep 2024

China Needs More Factory Robots. Can It Build Its Own?

Local production of industrial robots is rising, but Japanese and European makers still have a role.

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3 Sep 2024

OKX Obtains License in Southeast Asia | Key Points | Sept. 3, 2024

Over in Singapore, OKX gets a license. But what about here in PH?

3 Sep 2024

Learn & Earn Hivemapper ($HONEY) Winners

Congratulations to the 50 lucky winners of 180 $HONEY each in our Learn & Earn: Hivemapper Edition!

3 Sep 2024

Americans Are Really, Really Bullish on Stocks

The surging stock market has minted millionaires and helped send many Americans’ net worth sharply higher. Many are betting that the rally has more room to run.

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3 Sep 2024

‘Why Are You Doing This to Me?’: Detained Binance Exec Begs Prison Guard for Help in New Court Footage

“I’m not okay, this is f*cked up,” Gambaryan said in the video, as he clutched the guard’s wrist for support. When the guard stepped away, leaving Gambaryan with only a single crutch to lean on, Gambaryan turned to a small crowd of onlookers and said...

3 Sep 2024