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South Korean Prosecutors Seek Arrest Warrants for Golf Star & Bithumb Exec
31.8.2023
South Korean prosecutors have asked a court to arrest an ex-pro golfer and a top executive at Bithumb, one of the country’s leading crypto exchanges.
YTN reported that the Seoul Southern District Prosecutors’ Office’s Financial Investigation Department wants to try golfer Ahn Seong-hyun and...
Worldcoin Sets New Sign-Up Record in Argentina Despite Ongoing Investigation Over Data Privacy
31.8.2023
Worldcoin, co-founded by Sam Altman, has reported a single-day record of approximately 9,500 Argentinians successfully verifying their World ID despite ongoing investigations into the project over data privacy concerns.
Worldcoin sign-ups in Argentina, averaging at one verified individual every...
Elon Musk's X Social Media Platform Acquires Crypto Payments License
30.8.2023
The social media platform X, formerly known as Twitter, has acquired a regulatory license that enables it to process cryptocurrency payments in the US.
The specific license is the Rhode Island Currency Transmitter License, issued to X on August 28, according to publicly available data from...
BlockFi Seeks Court Approval to Convert Users’ “Trade-Only” Wallet Assets to Withdrawable Stablecoins
30.8.2023
Bankrupt crypto lender BlockFi has filed a motion for order in the US bankruptcy court for the District of New Jersey, seeking permission to convert "trade-only" wallet assets into stablecoins, “that wallet users could then withdraw.”
According to the proposal, these assets comprise less than...
Web3 and the Financial Sector: Must-Knows for Business Leaders
30.8.2023
Blockchain tech company Paxos published a blog post on Tuesday illustrating how Web3 can empower enterprises in the financial sector, and kickstart a “new era” of digital sovereignty.
“Web3” is a loose term for capturing the oncoming third generation of the internet, which combines...
TinyTap Unveils New AI Features and Roadmap to Revolutionize Learning Material Creation for Children
30.8.2023
The world's largest educational games library, TinyTap, a subsidiary of Animoca Brands, launches new AI features on its platform and roadmap on August 30, further integrating AI and Web3 for education.
Founded in 2012, TinyTap has established itself as the world's largest repository of educational...
Tether Turns to Britannia Bank & Trust Amidst US Crypto Banking Struggles
30.8.2023
Stablecoin issuer Tether has established a banking relationship with Britannia Bank & Trust, a privately-held bank located in the Bahamas, to facilitate dollar transfers, according to unnamed sources cited by Bloomberg.
Although it remains unclear exactly when the new banking relationship started...
Japanese Regulators Greenlight EOS Token Trading, Enabling Pairing with Japanese Yen
30.8.2023
The EOS Network has secured whitelist approval from Japan's crypto regulator allowing EOS token to be traded against the Japanese yen on the regulated crypto exchanges of Japan.
The EOS network announced in a blog post that the trading opportunity is slated to become operational in September,...
US Congressman Calls to Dismiss Gensler as SEC Chair Following Grayscale Ruling
30.8.2023
US Congressman Warren Davidson of Ohio has called for the removal of Gary Gensler as Securities and Exchange Commission (SEC) chair following the Grayscale ruling on Tuesday.
Reacting to the ruling on Grayscale lawsuit, Congressman Davidson wrote that Grayscale’s victory provides more evidence...
Swiss Bank SEBA Gets in-principle Approval From Hong Kong Regulators to Offer Crypto Services
30.8.2023
Crypto-friendly Swiss-based SEBA Bank has successfully obtained an approval-in-principle (AIP) from the Securities and Futures Commission (SFC) in Hong Kong, bringing it one step closer to offering crypto services in the region.
The AIP signals a pivotal moment for SEBA Hong Kong, the bank's...
Binance Launches Send Cash For Quick and Low-Cost Crypto Transfers in Nine Latin American Countries
30.8.2023
Following Binance's suspension of its cryptocurrency debit card services, Binance is introducing a new product in Latin America called "Send Cash," which enables users from 9 countries in the region to transfer crypto using Binance Pay.
In its statement on Tuesday, Binance ‘Send Cash’ will enable...
Interlay Launches MVP of BOB, A New Bitcoin Layer 2 Bridge For Cross-Chain Token Transfers to the Bitcoin Network
30.8.2023
On August 29, the team behind decentralized Bitcoin infrastructure provider Interlay unveiled the Minimum Viable Product (MVP) of its BOB ("Build on Bitcoin") solution, a new Bitcoin layer 2 network.
As a hub for innovation and decentralized application development, BOB integrates Rust smart...
Binance Delists Banco de Venezuela From P2P Payment Service: What’s Going On?
29.8.2023
Binance, the largest cryptocurrency exchange has removed Banco de Venezuela as a payment option in its peer-to-peer services in the country.
Although no official statement has been issued by Binance, the move comes on the back of international sanctions from the United States Treasury...
Decred Launches Bison Relay v0.1.8: Revolutionizing E-Commerce with Decentralized 'Shopify'
29.8.2023
On August 29th, Decred (DCR/USD) introduced Bison Relay v0.1.8, a game-changing support system for e-commerce platforms that addresses the critical need for decentralization in the digital retail landscape.
Bison Relay's latest iteration, v0.1.8, signifies a crucial advancement in reshaping...
Crypto Cybersecurity Firm OpenZeppelin Launches Blockchain Security Upgrade ‘Defender’ Version 2.0
29.8.2023
Blockchain security firm OpenZeppelin has announced the launch of its Defender 2.0, a security upgrade for numerous blockchain applications.
OpenZeppelin helps integrate a security audit into blockchain-based algorithms called smart contracts. OpenZeppelin Contracts are reviewed and tested...
Social Media Powerhouse X Paves the Way for Digital Transactions
29.8.2023
Social media giant X, still reffered to many as Twitter, has obtained the regulatory green light to introduce cryptocurrency payments for its users. X's intent to integrate crypto solutions into its platform are well known, and the company is well-equipped to advance its goals thanks to an eToro...
Phishing Attacks Escalate for FTX Users Following SIM Swap Incident
29.8.2023
Several months after the shutdown of the FTX exchange, users are grappling with persisting issues that have locked them out of their capital stored on the platform.
Former FTX customers have now fallen victim to a new phishing attack targeting their registered email addresses linked to...
Argo Blockchain Successfully Decreases 2022 Debt to $75 Million – Here's the Latest
29.8.2023
Digital asset mining firm Argo Blockchain has reported $18.8 million in losses in the first half of the year, reducing total losses to $75 million from last year.
The mining firm has struggled to navigate the tough path following wider market woes characterized by plunging prices of top crypto...
Sandeep introduces POL, the next upgrade to MATIC
29.8.2023
Sandeep Nailwal, the Founder of Polygon, has introduced POL by calling it the next massive technical upgrade to MATIC. It has been teased as a part of the Polygon 2.0 proposal with the core objective of facilitating interoperability and increased roles for validators. It additionally comes with...
Indian Crypto Layoffs Continue as CoinSwitch Fires 44 Employees Citing Redundancy in Roles
29.8.2023
CoinSwitch, an Indian crypto unicorn, has become the latest in the crypto layoff spree in India, announcing job cuts in its customer support and operations teams.
In a recent update from the company, a spokesperson told MoneyControl that CoinSwitch has laid off 44 employees as a part of company...