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Florida Governor Ron DeSantis Vows to Put an End to 'Biden's War on Bitcoin' as President
1.8.2023
Republican presidential candidate and Florida Governor Ron DeSantis has once again proved his support for Bitcoin, taking an oath that he would end the Biden-led administration’s “war on Bitcoin and cryptocurrency” when elected President.
“Biden's war on bitcoin and cryptocurrency will come to...
South Korea's CBDC Pilot to Take Place in Jeju, Busan, or Incheon, Excluding Seoul
1.8.2023
The central Bank of Korea (BOK) has narrowed down the choices for its central bank digital currency (CBDC) pilot venue to three regions. Notably, the nation's capital Seoul is not among these.
The major regions chosen as candidates are Jeju, Busan, and Incheon, according to IT Chosun. ...
BakerySwap aims for multi-chain incorporation
1.8.2023
BakerySwap is aiming for multi-chain incorporation, and their initial move will be the backing of Base Chain. The Base is basically a low costing and safe Ethereum Layer 2, which has been created by Coinbase for the purpose of onboarding mass users on-chain. Incorporating a Base chain provides...
Rep. George Santos Tried to Broker Cryptocurrency Deal with Donor During Congressional Campaign
31.7.2023
US Republican Congressman George Santos attempted to set up a crypto-related investment deal with a donor during an election campaign in 2020, according to a recent New York Times report.
The crypto investment scheme was pitched to a loyal Republican donor during Santos’ first Congressional...
White Hat Hacker Recovers $5.4 Million For DeFi Platform Curve Finance Amid Recent Exploit
31.7.2023
An ethical hacker has recovered 2,879 ETH worth around $5.4 million for the decentralized finance (DeFi) protocol Curve Finance amid its recent hack losing over $47 million.
On July 30, the same day of the hack, it was reported that an ethical hacker seized some assets by front-running...
US-China Power Struggle Extends to Crypto Battlefield: China Surges Ahead
31.7.2023
The United States and China are competing on both economic and technological fronts – and part of their rivalry includes a race to adopt crypto.
Though the eastern superpower has announced multiple bans on crypto mining and trading over the past decade, President Xi Jinping argued in 2021 that...
Crypto Exchange Binance Secures Operating License in Dubai- Here's the Latest
31.7.2023
On Monday, Binance, the world's largest cryptocurrency exchange, secured the Operational MVP License to operate in Dubai after fulfilling the necessary pre-conditions since obtaining a preparatory license in September 2022.
Last year, Binance FZE, the Dubai-based subsidiary of Binance, achieved...
Wagner Rebellion Triggered Surge in Ruble-Tether Crypto Trading Amid Currency Turmoil
31.7.2023
Russian private military company Wagner Group’s march towards Moscow in June triggered a 277% surge in trading volume between the stablecoin Tether (USDT) and the Russian fiat currency.
The huge rise in trading volume occurred as Russian traders sought safety from a depreciating Russian ruble...
Crypto Mining Hardware Retailer Phoenix Technology Considers Public Listing in UAE
31.7.2023
Leading cryptocurrency mining hardware provider, Phoenix Technology, based in the United Arab Emirates (UAE), is reportedly in preliminary discussions to conduct an initial public offering (IPO) in the country.
As per anonymous sources cited in a Bloomberg report, the discussions are ongoing,...
Japanese Blockchain Developer HashPort Group Raises $8.5 Million in Funding
31.7.2023
In its latest funding drive, HashPort, the Japanese blockchain developer, has garnered a whopping 1.2 billion Japanese yen (equivalent to $8.5 million).
The Series C funding round was led by major players like Sumitomo Mitsui Banking Corporation, The University of Tokyo Edge Capital Partners,...
Ethereum-Based Casino Coco Achieves $36 Million Transaction Volume On Launch
31.7.2023
Crypto casino platform Coco records a staggering debut as it nets over $36 million within 12 hours according to data on Etherscan.
The project launched on the Ethereum blockchain inspired by the Milady NFT project which has attracted many users with recent releases.
The staggering growth of...
Australian Lender Bendigo Bank Blocks “High-Risk” Crypto Payments
31.7.2023
Bendigo Bank, an Australian financial institution, has announced new rules targeting “high-risk” instant payments to crypto exchanges.
Announced Monday, the bank has blocked crypto transactions in a move to further enhance protection for the customers from fraud and financial crimes, Bendigo noted...
Ethereum upgrade to offer revenue sharing for Layer 2 developers
31.7.2023
Developers of Ethereum have a proposition for scaling that will offer dApps the opportunity for revenue sharing in terms of transaction fees that they create on Layer 2. EIP-6968 has plans to introduce a kind of token that offers contract-secured revenue (CSR). This will provide the opportunity...
French Privacy Watchdog Raises Concerns Over Worldcoin's Data Collection; Collaborating with Germany for Investigation
29.7.2023
European regulators, including the French National Commission on Informatics and Liberty (CNIL) and the Bavarian state authority in Germany, are raising legal concerns about Worldcoin's data collection methods.
In an email on Friday, July 28, CNIL said: "The legality of this collection seems...
South Korea's Financial Intelligence Unit Presses Crypto Platforms to Improve Compliance Measures
28.7.2023
The Korea Financial Intelligence Unit (KoFIU) in a meeting on Thursday told the Korean crypto industry to double down on their efforts to prevent illegal activities.
At the meeting, KoFIU Commissioner Rhee Yunsu said that a “strategic analysis team” focused on crypto has been set up, and that...
Ex-Fed Policy Analyst's Paper: Stablecoins Present Lower Risk Than Traditional Bank Deposits
28.7.2023
Dollar-pegged stablecoins may actually be less risky to hold than traditional bank deposits, according to Brendan Malone – a former Federal Reserve Board analyst.
Now writing on behalf of technology research and investment firm, Paradigm, Malone argued on Wednesday that stablecoins are inherently...
Halogen Capital Launched by Jirnexu Founders to Make Crypto Investing Mainstream in Malaysia
28.7.2023
Malaysia’s newest crypto fund management firm, Halogen Capital, has been launched by the entrepreneurs behind the local fintech player Jirnexu.
The new firm already offers a spot Bitcoin (BTC) fund and a lower-risk Income Fund denominated in Malaysian ringgit, with a spot Ethereum (ETH) fund...
UFO Hearing Sparks Crypto Degen Frenzy: More Than 50 Alien Shitcoins Emerge
28.7.2023
Following a recent hearing, where a former military intelligence officer turned whistleblower disclosed that Congress lacks information about unidentified anomalous phenomena (UAPs) or Unidentified flying objects (UFOs), crypto degen swiftly seized the opportunity and created multiple UFO-themed...
US Senate Passes National Defense Bill: Here’s How It Affects Crypto
28.7.2023
The bill's implication on the industry is far-reaching as it affects privacy coins, crypto mixers, and several digital asset exchanges.
The United States Senate has passed the National Defense Authorization Act (NDAA), a law that sets the agenda and funding standards for the Department...
Sequoia Capital Cuts Crypto Fund by Over 65% to $200 Million – What's Going On?
28.7.2023
Venture capital giant Sequoia Capital has slashed the size of its cryptocurrency fund by over 65%, reducing it from $585 million to $200 million, Wall Street Journal reported citing sources familiar with the matter.
The venture capital giant has also made corresponding cuts to its ecosystem fund...