Coinbase CEO Brian Armstrong has hinted that the cryptocurrency exchange may integrate Lightning, a layer 2 scaling solution for Bitcoin. Armstrong did not provide any further details on the potential integration, which would make Coinbase one of the largest trading platforms to adopt the technology. (Read More)

The Arbitrum community has proposed the return of 700 million ARB tokens to its DAO Treasury after the Arbitrum Foundation transferred the funds without community approval. The proposal requires the foundation to return the tokens before proceeding with its budget plan, and voting ends on April 14. (Read More)

FTX CEO John Ray III revealed that control failures at FTX were due to a lack of appropriate financial and accounting controls, inadequate group management structure, and the use of software not suitable for large companies. The multi-billion dollar company was managed by inexperienced founders who relied on a hodgepodge of online shared documents and […]

Hong Kong’s financial secretary, Paul Chan, has emphasized the need for the city to embrace Web3 technology, despite the fluctuations in the crypto market. Chan has proposed a strategy that focuses on proper regulation and promoting development to facilitate Web3’s steady growth. He also noted that Hong Kong plans to prioritize financial security, prevent systemic […]

Bitget has launched a Web3 Fund to support venture firms and projects globally, with a focus on Asian projects solving real-world problems. Bitget plans to partner with venture capitalists and expand its products and services in 2023. (Read More)

Jeremy Hogan, partner at Hogan & Hogan, argues that Ripple’s XRP does not fit the definition of an investment contract and is therefore not a security. The SEC lawsuit against Ripple claims that the company illegally sold XRP as an unregistered security, but Hogan argues that the SEC has not demonstrated an implied or explicit […]

Japan expressed interest in incorporating OpenAI’s technology into government systems, provided privacy and cybersecurity concerns are addressed. OpenAI CEO, Sam Altman, visited Japan and met with government officials to discuss the potential of the technology and how to maximize its benefits while minimizing risks. Meanwhile, OpenAI is being investigated by Canada’s privacy commissioner for allegedly […]

Hong Kong-based nonprofit consortium Global Shipping Business Network (GSBN) remains optimistic about the potential of blockchain in logistics, with a platform that rivals Maersk’s TradeLens. Major shipping partners like Cosco and Hapag-Lloyd have already joined, with a permissioned blockchain allowing only authorized parties to access data. Despite past failures, GSBN CEO Bertrand Chen believes blockchain […]

Cross-chain DEX Symbiosis has integrated zkSync, a layer-2 scaling protocol, to improve the speed and reduce fees of token swaps on its platform. The integration allows any-to-any native asset swaps and removes the need for users to switch between different wallets and interfaces. (Read More)