Everything web3, crypto, defi, degen
In brief The UK government has unveiled a mandatory Digital ID scheme, set to be introduced by 2029 at the latest. Some experts highlighted privacy and security risks, particularly if biometric data is included. Other ID and verification experts suggest that a nationwide scheme consolidates personal data, making it less exposed to potential hacks. The…
In brief PrizePicks becomes first sports entertainment operator to receive FCM license from National Futures Association, allowing it to offer prediction markets. The move follows European lottery giant Allwyn International’s $1.6 billion acquisition of 62.3% stake in PrizePicks earlier this week. PrizePicks joins FanDuel as the second major brand in sports entertainment and gaming to…
In brief An Interpol operation encompassing 40 countries has seized $439 million from suspected criminals. Law enforcement agencies froze 400 crypto wallets, from which they recovered $16 million in crypto. Investigated crimes include investment fraud, money laundering related to illegal gambling, sextortion, and e-commerce fraud. Interpol has seized a total of $439 million in criminal…
In brief Researchers unveiled Delphi-2M in Nature, an AI that forecasts risk for 1,000+ diseases up to 20 years out. The model outperformed single-disease tools, predicting co-morbidities and generating synthetic health trajectories from medical records. Trained on UK Biobank and validated on 1.9M Danish health records, Delphi-2M shows promise but faces bias, privacy, and deployment…
In brief The U.S. and UK formed a joint task force to align crypto rules and ease cross-border capital flows. The group, led by both nations’ treasury departments, is set to deliver policy recommendations by March 2026. Experts say the plan could boost global adoption of tokenized securities, stablecoins, and other digital assets. The United…
In brief The UK’s Financial Conduct Authority has reduced application process times for crypto service providers by 69% since 2022/23. Total applications have declined over the past couple of years, as firms wait and see how UK crypto regulation develops. Successful applications have also declined, although fewer firms are withdrawing applications. The UK’s Financial Conduct…
In brief The alleged mastermind behind a cross-border investment fraud case is set to go on trial in London this month. The defendant is accused of organizing a Ponzi scheme, the proceeds of which were laundered into Bitcoin now worth some $7 billion. The case poses challenges over how defrauded investors demonstrate that they have…
In brief Bank of Canada Deputy Governor Ron Morrow called for federal stablecoin regulation while highlighting Canada’s lagging payments modernization compared to the U.S. and UK. Canadian remittance costs are “significantly higher” than other developed nations, creating opportunities for stablecoin adoption to reduce cross-border payment fees. Stablecoins could cut remittance fees to “less than 1…
FED DECISION TODAY, CZ MAY BE RETURNING, CREATOR COINS HEAD SOUTHBTC taps $117k, BNB leads L1s ahead of Fed decision. Whale moves $116m BTC after 11-year dormancy. Binance nears deal to end DoJ compliance monitor. CZ updates X profile, sparks Binance return rumours. 67% fund managers don’t hold crypto: BofA survey. Crypto execs set to…
In brief The UK’s Financial Conduct Authority has launched another consultation on standards for crypto firms mirroring traditional finance rules. The current proposals aim to balance consumer protection, innovation and international competitiveness. The rules form part of a wider UK push to regulate cryptoassets from 2026. The UK’s Financial Conduct Authority (FCA) has opened a…
