Hong Kong General Chamber of Commerce Asks Government to Allow Yuan-Linked Stablecoins
7.2.2024
The Hong Kong General Chamber of Commerce (HKGCC) has asked policymakers to consider allowing the issuance of Chinese yuan-linked stablecoins. In a statement released on Tuesday, the influential business organization emphasized the importance of retaining and attracting talent and businesses...
South Korea Imposes Stricter Punishments For Crypto Trading Offenses
7.2.2024
South Korea’s financial regulators have slated July 19 for the implementation of the Virtual Asset User Protection Act and the Virtual Asset Industry Supervision Regulations. According to local media outlets, The Financial Service Commission (FSC) disclosed on Feb 7 the date for both regulations...
Crypto Crime Could Mean Jail for Life in South Korea
7.2.2024
The new consumer protection rules will take effect in July 2024
Supra and XenoBunny collaborate to advance AI cross-chain gaming
7.2.2024
Supra, a renowned company that pioneered the integration of traditional financial systems with Web3 technology, has partnered with XenoBunny. This cooperation is one of XenoBunny’s advances in the realm of digital games, focusing on powerful AI incorporated into cross-chain gaming. Supra...
ENS Partners Godaddy to Link Domains and Web3 Addresses
7.2.2024
Ethereum Name Service (ENS), a Web3 service provider, and Godaddy, a domain and web hosting company, announced they are partnering to link domains with Web3 addresses. The link between current internet domains and Ethereum-based domain services will allow users to leverage their current domain...
B2C2 Secures VASP Registration Ahead of MiCA Implementation
7.2.2024
UK-based digital asset liquidity provider B2C2 has secured a virtual asset service provider (VASP) registration expanding its operations to Luxembourg ahead of new rules being implemented in Europe. The Markets in Crypto Assets Regulation (MiCA), due to take effect this year, is the European...
Plume Joins Arbitrum: A New Era of Blockchain
7.2.2024
Plume Network has officially gone live to the market as a historical launch of modular Real World Asset Layer 2, Arbitrum Orbit—an important step in forming history with blockchain infrastructure. An astute alliance with Arbitrum, a market leader in layer two scaling solutions, provides Plume...
Whales Grab $50M in Chainlink’s LINK as Price Climbs 40% in a Month
7.2.2024
LINK is one of the year's top-performing tokens, driven largely by hype around the tokenization of real-world assets
SEC puts off the Invesco Galaxy Ethereum ETF decision
7.2.2024
The Securities and Exchange Commission has pushed back the date by which it will make its decision about the Invesco Galaxy Ethereum ETF. The agency had previously postponed a determination regarding the fund until December and only recently announced that legal action would be initiated. According...
Jack Dorsey’s Decentralized Social Media Bluesky Removes Invite-Only Restrictions
7.2.2024
Jack Dorsey-backed decentralized social media project Bluesky on Tuesday removed invite-only limitations and granted access to all users. Since its launch in Feb. 2023, the platform used invite codes while experimenting with features such as moderation tools and personalized feeds. Bluesky...
MicroStrategy Bolsters Crypto Holdings with 31,755 Bitcoin Purchase in Q4 2023
7.2.2024
MicroStrategy has announced the purchase of 31,755 Bitcoin at a cost of $1.25 billion in Q4 2023, increasing the company’s total Bitcoin holdings to 190,000 units. MicroStrategy’s Fourth Quarter 2023 Financial Results report detailed the extensive acquisition and demonstrated...
Binance delists Monero, knocking 32% off its value
7.2.2024
Many factors contribute to the volatility of cryptocurrencies. One of them is the listing of the token on an exchange platform. Monero, for one, has now experienced a downfall of 32% in its trading value in the last 24 hours since an announcement. That pertains to Binance making it public that...