As part of a new financial literacy program, high school students in Georgia will study cryptocurrency as part of their curriculum. The Georgia House of Representatives passed a bill that would require the state board of education to offer students in the tenth or eleventh grade a course on financial literacy. The bill states, “TheContinue reading “Georgia high school students may soon be taught about cryptocurrency”

Cardano’s Project Catalyst, a community-driven initiative that was created to support early-stage protocols and decentralized applications (dApps), has grabbed a lot of headlines over the past few weeks. In fact, over the said period, it has also evolved to become the “world’s largest DAO,” according to IOHK.   During its second fundraising, $250,000 worth ofContinue reading “Cardano: ‘World’s largest DAO’ continues to grow as NFTs take off on mainnet”

The United States Securities and Exchange Commission has responded to Ripple CEO Brad Garlinghouse’s latest letter to the court, a letter in which the exec claimed that the lawsuit is “regulatory overreach on behalf of the SEC.” According to the SEC’s trial lawyer Jorge G. Tenreiro, Garlinghouse’s motion to dismiss the charges against him isContinue reading “Ripple CEO’s motion to dismiss ‘not based on sound legal theory,’ claims SEC”

Founder of Silver Lake Partners and private equity investor Glenn Hutchins is the latest to come out in support of cryptocurrencies, especially those that have specific use cases. In an interview with CNBC’s Squawk Box, Hutchins said, “The right cryptocurrencies are more like copper or platinum than gold because they have use cases and theyContinue reading “‘Right cryptocurrencies’ are not just a store of value, claims Glenn Hutchins”

With the SEC still reluctant to approve an ETF in the country, U.S-based ETF issuers have been looking for more creative ways to structure their products. This seems to be the rationale behind Simplify’s U.S. Equity PLUS Bitcoin ETF, with the said offering intending to invest a majority of its holdings in U.S stocks whileContinue reading “Simplify files SEC registration for ‘Equity PLUS Bitcoin ETF’”

United States’ SEC Commissioner Hester Peirce thinks that the country may have “missed the boat” a bit when it comes to cryptocurrencies. In a recent interview with Thinking Crypto, Peirce, fondly referred to by those in the community as Crypto Mom, said that the agency’s failure to provide clarity in their rules played a bigContinue reading “USA may have ‘missed the boat’ a bit on the question of cryptos: SEC’s Peirce”

South Korea’s Shinhan Bank will collaborate with the country’s central bank to issue a Korean Central Bank Digital Currency (CBDC). According to reports emerging from local South Korean media, Shinhan bank will work on issuing a digital won in collaboration with LG Corporation’s IT services arm, LG CNS. LG CNS and Shinhan have built aContinue reading “South Korea’s Shinhan Bank collaborates with LG to build CBDC platform”

The United States Securities and Exchange Commission (SEC) is in the news today after it hit back at Ripple again with a motion to strike the firm’s defense relating to the SEC’s “Lack of Due Process and Fair Notice.” In a letter addressed to Judge Torres, the SEC alleged that Ripple seeks to avoid liabilityContinue reading “SEC accuses Ripple of diverting court’s attention with ‘legally improper’ defenses”

Ripple is in the news today after CEO Brad Garlinghouse revealed that its lawsuit against YouTube has been resolved, with the exec adding that the two parties have reached a settlement on the subject. The aforementioned lawsuit was filed by Ripple and Garlinghouse last year after a number of fake accounts impersonated the CEO onContinue reading “Ripple settles lawsuit with YouTube for ‘failing to enforce its own policies’”

Over 3% of Ethereum’s supply is now locked up in the ETH 2 deposit contract. At a price of $1850 per ETH, this now amounts to over $6.37 billion worth of ETH locked in. In fact, the chain has over 107,000 active validators adding roughly around 670 new ones each day – essentially putting mostContinue reading “Over 3% of Ethereum’s supply is now locked up in the ETH 2 deposit contract”

Update: AMBCrypto reached out to Huobi’s representatives following the FSA’s clarification. According to an unnamed source, “Huobi Global Limited is a Seychelles-registered company that is part of the Huobi Group. It provides services to global customers in accordance with applicable laws. We are currently in a good communication with FSA to clarify the situation andContinue reading “Seychelles’ FSA issues notice cautioning against use of Huobi services”

Decentralized exchange and liquidity provider DODO is in the news today after it was reportedly exploited a few hours ago, an exploit that resulted in the loss of $2.1 million. According to an update from DODO, several V2 Crowdpools were attacked, whereas all V1 and non-Crowdpool V2 pools were safe. The impacted pools included WSZO,Continue reading “DeFi: Exploit drains $2.1 million from DODO DEX”