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Breaking: Coinbase Expands to Canada With New Crypto Offerings
14.8.2023
Crypto exchange giant Coinbase has announced its official launch in Canada, offering users a series of new features including 30-day free use of Coinbase One and zero trading fees....
Read More: Breaking: Coinbase Expands to Canada With New Crypto Offerings
A wave of legal support boosts Coinbase against SEC’s pressure
14.8.2023
A group of experts in law, finance with experience in blockchain technology have come together to provide their support for Coinbase’s defence against the SEC. These briefs argue that the SEC is interpreting ‘investment contract’ incorrectly, which could be harmful to...
Legal Twist: Three Arrows Capital Co-Founder's Citizenship Renunciation Disrupts Court's Jurisdiction in Bankruptcy Case
14.8.2023
In the bankruptcy case of Three Arrows Capital (3AC), a crypto hedge fund that ceased operations, a judge has rejected a request to hold co-founder Kyle Davies in contempt of Court and impose sanctions....
Read More: Legal Twist: Three Arrows Capital Co-Founder's Citizenship Renunciation Disrupts...
Binance Seeks Registration in Taiwan Under Money Laundering Control Act and FSC
13.8.2023
Binance, the global leader in cryptocurrency exchange by trading volume, has submitted an application for registration in Taiwan according to the Money Laundering Control Act and the Financial Supervisory Commission (FSC).
During a private meeting on Tuesday, Taiwan's Financial Supervisory...
S Korean Prosecutors Want to Jail $651m ‘Crypto Scammers’ for 12-15 Years
12.8.2023
South Korean prosecutors say they hope to jail executives thought to be behind a $651 million crypto scam to prison for up to 15 years.
Per the media outlet Asia Kyungjae, the alleged scam saw 8,000 people left out of pocket.
The scammers allegedly offered individuals “payouts” if they paid their...
Bank of America Says PayPal’s Stablecoin Will Not Record Significant Adoption In The Coming Months
11.8.2023
A new report by the Bank of America suggests that PayPal’s new stablecoin, PYUSD will not record the projected adoption in the near term citing tougher competition and indifference of investors.
Per the report, the launch of the new stablecoin by the financial giant is great for the digital asset...
Coinbase's New Base Blockchain Draws $10 Million Inflows Day After Launch – Here's the Latest
11.8.2023
Base, a new Ethereum layer 2 blockchain that has been developed by crypto exchange Coinbase, saw inflows worth just over $10 million on its first day after launch.
According to data from Dune Analytics, the $10 million were transferred to the network by over the course of 24 hours on Thursday,...
Venture Firm a16z Dives into ZK Technology Research with 'Jolt' and 'Lasso' Projects
11.8.2023
Prominent VC firm Andreessen Horowitz (a16z) has unveiled two open-source software projects focused on zero-knowledge (ZK) proofs.
These projects aim to accelerate the core technology behind ZK proofs, a promising type of cryptography that can help scale blockchains by increasing transaction...
Binance Labs Supports Curve DAO Token with $5 Million Investment, Plans BNB Chain Deployment
11.8.2023
Crypto exchange Binance’s investment arm, Binance Labs, has announced a $5 million investment in Curve DAO Token (CRV) in a display of support for Curve and decentralized finance (DeFi) at large. ...
Read More: Binance Labs Supports Curve DAO Token with $5 Million Investment, Plans BNB Chain...
DCG and Barry Silbert Seek Dismissal of Lawsuit by Gemini Trust Company Over Alleged Misrepresentations
11.8.2023
Digital Currency Group (DCG) has filed a motion to dismiss Gemini's lawsuit, claiming fraud by the company and its founder, Barry Silbert, through DCG's subsidiary, Genesis, which held funds for Gemini's Earn program.
On July 7, Gemini and its founders, Cameron, and Tyler Winklevoss, filed...
SEC Delays Decision on Ark Invest’s Spot Bitcoin ETF Application, Calls For Public Input
11.8.2023
The US Securities and Exchange Commission (SEC) just delayed a decision on Ark Invest’s spot bitcoin exchange-traded fund (ETF) application by at least eight weeks by calling for a period of public comment.
The agency published an order calling for public input on Ark Invest’s Ark 21Shares Bitcoin...
Worldcoin Extends WLD Reservation Access to Unverified Users
11.8.2023
The controversial iris-scanning crypto project Worldcoin is now allowing unverified users to reserve their Worldcoin (WLD) tokens.
The project, launched on July 24 following three years of development, aims to establish a comprehensive global database for human identification, setting itself apart...
United States CBDC Debate Goes Mainstream As Post Malone Takes Swipe At “Digital Dollar”
11.8.2023
American rapper, Post Malone has criticized the idea of a potential United States Central Bank Digital Currency (CBDC) describing it as a means of government control.
The celebrity dropped his two cents on the issue on the popular podcast, the “Joe Rogan Experience” where the duo fired shots...
Xverse Secures $5 Million in Seed Funding Round for Bitcoin Web3 Wallet, Led by Jump Crypto
11.8.2023
Yesterday, Hong Kong-based startup Xverse, the provider of a Bitcoin Web3 wallet that supports Ordinals and BRC-20 inscriptions, successfully raised $5 million in a seed funding round led by Jump Crypto.
The company, known for driving mainstream adoption through its user-friendly interface...
Californian Regulator Updates Campaign Policy For Cryptocurrency Donations
11.8.2023
The California Fair Political Practices Commission has rolled out fresh disclosure requirements for politicians and political candidates seeking donations in digital assets.
A newly released agenda for the next commission’s meeting shows the latest updates on which political parties are to work...
Dubai-Based Illuminati Capital Raises $50 Million for Web3 and Gaming Investments
11.8.2023
The new Dubai-based crypto venture fund Illuminati Capital has raised $50 million for a fund that aims to invest in early-stage blockchain and Web3 gaming startups.
According to a report from VentureBeat, the hope with the new VC fund is to bring the founders’ experience from the blockchain...
Visa Completes Off-Chain Gas Payments Test Using Visa Cards
11.8.2023
Payment solution giant Visa revealed that it has successfully completed initial tests that allow users to pay their on-chain gas fees directly in fiat money through Visa card payments.
Mustafa Bedawala, a product manager at Visa, unveiled the project, shedding light on a common obstacle faced...
Latest Bank of Canada Report Highlights Lack of Incentives For Canadians to Adopt CBDC
11.8.2023
Bank of Canada, the country’s de-facto central bank, came up with a recent report that sheds light on the reluctance of the country’s citizens to readily adopt a central bank digital currency (CBDC).
Published Thursday, the report dubbed – ‘Unmet Payment Needs and a CBDC’ – highlights the lack...
Tenet unveils Tenet bridge: LSDs meet Omnichain compatibility!
11.8.2023
In a ground-breaking move, LayerZero, a cutting-edge omnichain interoperability protocol, and Tenet, an innovative Layer-1 ecosystem built around liquid staking derivatives, have teamed up to introduce the Tenet Bridge. With the help of LayerZero’s cutting-edge capabilities, this...
Genesis Report: Crypto Derivatives Emerge as the Next Key Growth Driver in 2023
11.8.2023
According to the Q2 2023 report from Genesis Trading, crypto derivatives is set to experience substantial expansion, fueled by a massive decrease in spot market liquidity and a notable trend towards utilizing derivative instruments.
"With spot market liquidity suffering and spot order book depth...