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POSCO International, South Korea’s largest trading company, is pushing deeper into tokenized trade finance, completing a transaction that turned real-world receivables into digital assets on an Avalanche-based ($AVAX) blockchain network just one month after a similar pilot on Injective. The firm’s U.S. arm worked with trade finance platform Olea and asset-backed finance technology firm Intain on the transaction, the companies said Tuesday. Intain used artificial intelligence to reconcile invoices, purchase orders, credit notes and shipping documents before verifying and recording the receivables on its Layer-1 network built on Avalanche ($AVAX). Trade receivables are money owed to a company after it…

An online bill payment service is agreeing to pay $2.1 million to settle federal allegations that it used misleading advertisements impersonating billers and charged deceptive fees. The Federal Trade Commission (FTC) says that Doxo deceived consumers through search ads that impersonated official billers for utilities and loans while adding hidden delivery fees and enrolling users in subscriptions without clear consent. The 2024 complaint detailed how the firm often displayed unrelated company logos on its site despite lacking partnerships with most of them. A federal court previously ruled the company violated the Restore Online Shoppers’ Confidence Act by failing to disclose…

Non-fungible tokens (NFTs), at their 2022 peak, created a multi-billion dollar market. Since then, however, even the blue-chip projects have, with few exceptions, plummeted in value, backed away from promises, or been abandoned. Indeed, looking back now and it all feels like a fever dream in which huge swaths of the industry imagined futures that never even partially materialized. Protos looked back at 32 predictions about NFTs from various individuals to see how accurate they were. An actual $NFT success story? Tascha Labs’ shattered diamond $NFT success story? Tascha Labs’ shattered diamond” — Protos” src=”https://protos.com/an-actual-nft-success-story-tascha-labs-shattered-diamond/embed/#?secret=liJjJr76Gi#?secret=kzmdVQjDKJ” frameborder=”0″ marginwidth=”0″ marginheight=”0″ scrolling=”no”> Insurance,…

BitMEX will move into strict risk-limit mode on August 26 as part of its planned exchange wind-down. Starting at 04:00 UTC, users will only be able to close or reduce existing positions. New positions will no longer be allowed. Trading services are scheduled to permanently cease on September 23 at 04:00 UTC, according to the exchange’s official notice. BitMEX has described the process as a voluntary and orderly business wind-down following a strategic review. That distinction matters. The announcement should not be framed as insolvency, bankruptcy, or regulatory enforcement unless the company says so. The current message is that BitMEX…

Arcus, a decentralized exchange (DEX) built by the team behind dYdX, has launched a protocol on Robinhood Chain that converts perpetual futures positions into transferable ERC-20 tokens and allows tokenized stocks to be used as collateral for leveraged trading. The launch includes products such as pBTC3x and pHOOD3x, offering 3x exposure to Bitcoin and Robinhood’s HOOD stock token, respectively, the DEX announced in a Tuesday press release shared with Cointelegraph. Its multi collateral feature initially supports SPY, QQQ and MAG7 Stock Tokens, each with a 50% loan-to-value ratio, allowing users to use tokenized equities as collateral for perpetual positions. “Traditional…

InterPlanetary File System (IPFS) maintainer Shipyard will wind down its engineering, maintenance and infrastructure operations on Sept. 30 after Protocol Labs declined to renew its funding. The funding loss will leave projects including Kubo, Helia, Boxo, Rainbow, IPFS Desktop and IPFS Companion without dedicated maintainers, Shipyard said in a Monday blog post. IPFS is an open-source protocol for storing and sharing data across peer-to-peer networks. Protocol Labs is a research and development organization that created IPFS and Filecoin, a blockchain network designed to incentivize decentralized data storage. The engineering collective will cease operating public infrastructure, including ipfs.io, dweb.link, delegated-ipfs.dev and…

$SQD has partnered with Google Cloud to contribute blockchain datasets to Google Cloud Web3 Blockchain Analytics, allowing users to access $SQD-validated onchain data through BigQuery, according to a Tuesday announcement. $SQD Network provides decentralized infrastructure for querying the growing volume of data generated by blockchains and web3 applications. Its network of data providers, workers, and gateways distributes datasets across nodes, with $SQD tokens used to secure operators, reward data providers, and manage access to network resources. The integration is led by $SQD 360, Subsquid’s enterprise business, which handles blockchain indexing and data pipelines. According to $SQD, each block undergoes six…

A federal judge has allowed parts of an investor class-action lawsuit against Coinbase and certain executives to proceed, keeping allegations over risk disclosures alive in court. US District Judge Katherine Polk Failla ruled on August 20 that some claims could move into discovery. The court dismissed several claims but allowed allegations that Coinbase misled investors by concealing potential bankruptcy risks and downplaying SEC scrutiny to proceed. The ruling is procedural. It does not mean Coinbase has been found liable. It does not prove wrongdoing. It means the plaintiffs cleared enough of an early legal hurdle for certain claims to continue.…

FalconX Bravo wants US regulators to treat cash-settled perpetuals tied to a single security or a narrow-based security index as security-based swaps under SEC rules when they fall outside the joint SEC-CFTC security-futures framework.The filing expressly includes comparable contracts offered through DeFi protocols.The firm submitted its proposal to the Securities and Exchange Commission and Commodity Futures Trading Commission on Aug. 12. FalconX Bravo is listed on the CFTC’s registered swap dealer roster and describes its business as focused on digital assets and digital asset market participants.FalconX’s definition covers the specified perpetuals and options on them. It does not extend to…

$BNB Smart Chain (BSC) activated its Pasteur hard fork on Tuesday, closing bridge verification and validator authorization gaps while introducing a new route intended to fit more transactions into each block. In a Tuesday post, $BNB Chain confirmed that Pasteur was live on the BSC mainnet. The team said the upgrade strengthens the network’s bridge, staking and governance security while giving blocks more capacity without changing its 450-millisecond block time. The upgrade combines three $BNB Evolution Proposals. BEP-682 rejects duplicate validator entries during cross-chain light-block verification, while BEP-695 tightens controls involving validator key rotation, slashing and governance voting. Furthermore, BEP-675…