The Web3 industry has experienced massive growth over the last many years, from a niche that saw the glimpses of the future of the internet, to a reality building that future with the brightest minds and makers. 

The space has also received support from a number of influential people, absorbing big names originating from outside of Web3. One of those people is the world-famous rapper and entrepreneur Snoop Dogg and his son Cordell Broadus, also known as Champ Medici.

Over the last year in particular, Broadus and Snoop have been at the forefront of combining Web3 technologies like nonfungible tokens (NFTs), the metaverse and blockchain with the music industry and his large community.

In…

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Decentralized AI platform Ritual came out of stealth after securing $25 million in a seed funding round led by Archetype. 

Accomplice and Robot Ventures also participated in the funding round. 

Ritual is the brainchild of Web3 investor Niraj Pant, who funded projects like EigenLayer and Solana, and Akilesh Potti, quant and then builder at data analytics company Palantir. 

Over the past year, AI companies have witnessed significant growth that offers new experiences, products and a new source of revenue, Pant said. Although this may be the case, there are also significant problems taking place.

“Models are owned and run on centralized APIs hosted by a few corporations, who are bad…

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While the prevailing traditional financing models resulted in the crypto and blockchain sector raising billions of dollars over the years, they are not without weaknesses, according to Project Catalyst’s group product manager.

At the recent Cardano Summit in Dubai, Kriss Baird, the principal figure of Project Catalyst — a community-driven governance and grants and funds mechanism through voting within the Cardano ecosystem — spoke with Cointelegraph about the initiative, the extent of the collective’s involvement in shared resources and the direction of the platform’s development.

Speaking about the opportunities and challenges of decentralized platforms for raising capital…

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The aim of the new liquidity guidelines is to ensure that the stablecoin can be quickly redeemed even during turmoil market conditions to avoid the risk of any bank runs and contagion in a crisis situation.

Under the proposed liquidity guidelines, stablecoin issuers must offer any stablecoin backed by a currency that is fully redeemable at par to investors. The official proposal by EBA noted that the stablecoin liquidity guidelines will act as a liquidity stress test for stablecoin issuers.

EBA believes the stress test will highlight any shortcomings and lack of liquidity for the stablecoin, which can help EBA to only approve fully backed stablecoins with enough liquidity buffer.

“The… Read more on Cointelegraph

The Commodity Futures Trading Commission (CFTC) has unveiled its enforcement outcomes for Fiscal Year (FY) 2023. It highlights a historic surge in digital asset cases, actions to enforce regulatory obligations for registrants, manipulation and spoofing cases, and groundbreaking court decisions in intricate legal disputes.

The statement released by the CFTC shows that about 50% of the cases brought to its attention in 2023 involved crypto. During FY 2023, the CFTC’s Division of Enforcement (DOE) initiated 96 enforcement proceedings, alleging fraud, manipulation, and various substantial infringements across various markets, encompassing digital assets and swaps markets. These actions led…

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Central banks have a responsibility not only to keep pace with the digital age but to lead innovation, Agustín Carstens, General Manager of the Bank for International Settlements (BIS), believes. 

In his opening remarks at the conference in Basel on Nov. 8, Carstens called the central bank digital currencies (CBDCs) the “central element” of this leadership and elaborated on the potential threats and challenges in implementing them.

One particular challenge is the variety of technological infrastructures different countries intend to develop for their CBDC projects. Carstens also mentioned cyber risks and new possibilities for “criminal activities by unscrupulous actors.”

Related:…

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Blockchain technology is having a tangible positive influence on environmental stewardship through innovative projects that are retiring carbon credits, generating staking yields to support ecological initiatives and incentivizing communities to monitor and protect natural resources.

Cointelegraph delved into the world of regenerative economies and finance at Solana Breakpoint in Amsterdam, facilitating a panel featuring three speakers that are intimately involved in projects leveraging blockchain technology to work towards meeting sustainable development goals (SDGs) around the world.

The Smith School of Enterprise and the Environment defines a regenerative economy as a movement “away…

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