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The Philippine National Police Warns Against the Risks of Crypto Gaming Schemes
17.8.2023
The anti-cybercrime group of the Philippine National Police released a warning note to citizens on possible risks involved in cryptocurrency gaming schemes such as the play-to-earn model used by Axie Infinity.
The cautionary report said that the decentralized nature of crypto gaming leaves higher...
Critics Raise Concerns Over Gitcoin's Shell Partnership: Is It Truly 'Greenwashing'?
17.8.2023
Open-source crowdfunding platform Gitcoin has announced a green-focused partnership with oil and gas giant Shell – and crypto pundits are no fans of the move....
Read More: Critics Raise Concerns Over Gitcoin's Shell Partnership: Is It Truly 'Greenwashing'?
Coinbase-Backed Securitize Set to Acquire Crypto Investment Platform Onramp Invest
17.8.2023
Securitize, a firm that specializes in tokenizing private investments, is all set to acquire the crypto investment platform Onramp Invest.
The Informant reported Onramp's team of 18 is all set to integrate into Securitize's existing workforce of 150.
Securitize, backed by companies like Coinbase...
BitGo Crypto Custodian Secures $100 Million in Funding, Valuation Reaches $1.75 Billion
17.8.2023
Crypto custody provider BitGo has raised $100 million in a Series C funding round to reach a valuation of $1.75 billion, the firm announced on Wednesday.
Participating in the funding round were several “new, outside strategic investors,” BitGo said in the announcement.
The firm did not name...
Sichuan Province of China Targets Metaverse Industry Expansion to Reach $34.4 Billion by 2025
17.8.2023
Sichuan, a southwestern Chinese province, once recognized as a thriving crypto mining hub prior to the national ban on mining, is now looking to expand the metaverse industry.
Sichuan’s government unveiled an ambitious draft action plan with an aim to cultivate the nascent metaverse industry into...
Judge Approves Investment Banker as Declarant in SEC vs. Ripple Legal Battle – Here's the Latest
17.8.2023
In the latest development of the legal case between the United States Securities and Exchange Commission and Ripple Labs, Judge Analisa Torres has approved the participation of an investment banker declarant, Andrew A. Kunsak....
Read More: Judge Approves Investment Banker as Declarant in SEC...
TRON joins JCBA & strengthens Crypto collaboration
17.8.2023
With effect from August 1st, 2023, TRON DAO, also known as TRON, is pleased to announce its associate membership in the Japan Cryptoasset Business Association (JCBA). TRON is steadfast in encouraging cooperation and collaboration with other JCBA members in its capacity as a significant global...
ZetaChain secures $27M for Interconnected Layer-1 Blockchain
17.8.2023
ZetaChain has announced a significant funding round in which it has raised $27 million to advance its groundbreaking mission of creating the first public Layer 1 (L1) blockchain in the world that is compatible with EVM and seamlessly connects every aspect of the digital landscape. Prominent...
Prosecution's Strategy: Caroline Ellison's Personal Notes to Serve as Key Evidence Against Former FTX CEO Sam Bankman-Fried
17.8.2023
In an August 14 submission to the U.S. District Court in the Southern District of New York, prosecutors stated their plan to introduce Caroline Ellison's to-do lists and notes as evidence, including a note labeled "Things Sam is Freaking Out About."...
Read More: Prosecution's Strategy: Caroline...
‘High-Net-Worth’ Chileans Growing Crypto Keen, Says Expert
17.8.2023
“High-net-worth-individuals” in Chile are growing increasingly keen on crypto investment, an expert has claimed.
Per America Economia, the comments were made by Christopher Storaker, the CEO of Arch Finance, a crypto investment firm with a presence in the Latin American country.
Storaker...
Shiba Inu Developers Launch Shibarium, Ushering In New Era of Growth for SHIB Ecosystem
16.8.2023
Shiba Inu developers have launched their highly anticipated, purpose-built Ethereum layer-2 scaling solution Shibarium, ushering in a new era of growth for one of the crypto industry’s largest decentralized communities.
The launch announcement was made at the Blockchain Futurist Conference/ETH...
The FBI Seizes Nearly $2 Million Of Digital Assets In Three Months, New Filings Reveal
16.8.2023
The Federal Bureau of Investigation (FBI) seized digital assets worth $1.7 million from March to May in the United States.
According to the filing, the Federal law enforcement agency seized Bitcoin (BTC), Ether (ETH), USD Tether (USDT), Monero (XMR), and DAI in its ongoing efforts to curb unlawful...
Coinbase Secures Approval to Launch Bitcoin and Ether Futures Trading for US Customers
16.8.2023
Coinbase, a prominent cryptocurrency exchange, has recently received the green light from the National Futures Association (NFA) to extend its services to include investment opportunities in cryptocurrency futures for eligible clients within the United States.
On August 16, Coinbase proudly...
FDIC's Annual Risk Report Embraces Crypto as a Significant Banking Concern
16.8.2023
Crypto assets present “novel and complex risks” to the banking sector that are “difficult to fully assess,” according to the Federal Deposit Insurance Corporation (FDIC)’s 2023 Risk Review for the banking sector.
The report – published earlier this month – named “crypto-asset risk” among five...
Dubai Fines Co-Founders of Failed Three Arrows Capital Over New Exchange OPNX
16.8.2023
Dubai’s Virtual Assets Regulatory Authority (VARA) has slapped failed 3AC co-founders with a massive $2.7 million fine against their new crypto project OPNX.
Crypto exchange OPNX, co-founded by Kyle Davies and Su Zhu who established the now-defunct hedge fund Three Arrows Capital (3AC),...
Crypto Custodian Ledger Lets Users Buy Digital Assets In New PayPal Integration
16.8.2023
Crypto hardware wallet, Ledger has announced a new PayPal integration that allows its users to buy Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH).
According to a joint announcement by the companies on Aug 16, Ledger Live software become fully integrated with verified PayPal...
Ireland grants VASP registration to MoonPay
16.8.2023
MoonPay has announced that it has received the approval for registration as a Virtual Asset Service Provider. The approval has been granted by the Central Bank of Ireland, and its jurisdictions pertain only to the said region. Securing the approval allows MoonPay to provide its exchange services...
New Crypto Lobbyist Group Emerges in Washington, Seeks to Allay Misconceptions in the Sector
16.8.2023
Cryptocurrency miners are getting a dedicated mining lobbyist group tasked with dispelling fears around the activity among citizens and policymakers.
The group, the Digital Energy Council was unveiled on Aug 15 and will now open up discussions with policymakers in Washington on the sustainability...
Blockchain Startup Nova Labs Introduces Affordable $5 Phone Plan – Crypto Adoption on the Rise?
16.8.2023
Blockchain startup Nova Labs has announced the launch of a new phone plan that offers users unlimited text, talk, and data at just $5 per month.
In a Tuesday press release, Nova Labs said that the plan will initially be available only to residents of Miami or those who have received an invitation...
Chainflip Labs partners with OpenOcean
16.8.2023
Chainflip Labs has announced joining hands with OpenOcean. The goal of this partnership is to dig deeper when it comes to on-chain trading. Chainflip Labs, in the announcement, has also shared that it has launched a cross-chain swapping campaign in association with Galxe. Participants of...