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Cryptocurrency Remittance Solution Introduced in Latin America by Island Pay and Circle
26.7.2023
Island Pay, a fintech company based in the Bahamas, has launched a crypto remittance solution to address the extreme high costs associated with traditional cross border payment systems, Bloomberg reported.
The fintech firm has announced a digital wallet called "CiNKO," for users in Latin America...
Avalanche Foundation introduces Avalanche Vista, a $50M initiative
26.7.2023
Avalanche Foundation is aiming to boost the segment of tokenization. For this purpose, it has introduced Avalanche Vista to the community. Avalanche Vista is an initiative that is worth approximately $50 million. The goal is to pioneer tokenization under the assumption that it will have...
Japan's Prime Minister Stresses Gov's Focus on Web3 Growth, Says Major Company Will Unveil 'Ambitious' Metaverse Project
26.7.2023
Japan's Prime Minister Fumio Kishida said that the country's agenda includes support for the growth of Web3 companies and suggested that a major company would reveal its metaverse project. Meanwhile, Binance announced its full Japanese presence starting in August.
Kishida spoke to the audience...
South Korea Forms Joint Crypto Crime Investigation Unit to Fight Surging Crypto Illegal Activities
26.7.2023
South Korean prosecutors and financial authorities have launched an interagency crypto crime division to crack down on crypto-related illegal activities.
The Seoul Southern District Prosecutors' Office said Wednesday that the joint virtual asset investigation team will comprise 30 staff...
Binance Research's H1 2023 Report: A Positive Note in Challenging Times for Crypto
25.7.2023
Binance's 120-page "Half-Year Report 2023 July 2023," released on July 20, provides insights into the current state of the crypto market, almost two years after its peak in late 2021.
Despite facing challenges in the first half of the year, the crypto industry has demonstrated resilience, with...
Crypto's Early Innovator Turns Advocate for Compliance: The Charlie Shrem Saga
25.7.2023
Charlie Shrem – founder of the fallen Bitcoin (BTC) exchange Bitshrem – has pivoted to being a voice for regulatory compliance after being jailed for crypto violations eight years ago.
The exchange co-founder is now a general partner at Druid Ventures, an early-stage crypto VC firm providing...
Wall Street Grapples with Crypto Custody: Nasdaq's Decision Sparks Activity
25.7.2023
A decision by the Nasdaq stock exchange to shelf its plans to launch a crypto custody service has led other US firms to also reconsider their planned push into crypto.
Following the Nasdaq news, major investment bank Citigroup is now also taking time to rethink its approach to crypto, with...
Crypto Startups Secure $201.4M in Funding: Futureverse and RISC Zero Lead the Way
25.7.2023
Last week, venture capital and investment firms invested $201.4 million in crypto projects, with metaverse startup Futureverse and RISC Zero receiving the largest fundraises.
Eleven companies recently announced funding rounds, with two standout raises. Metaverse startup Futureverse secured...
Binance's New Platform in Japan to Provide Full Services from August
25.7.2023
Binance revealed that it is finally ready to roll out its full services on its recently-launched subsidiary platform in Japan.
The confirmation came from the exchange’s founder, Changpeng Zhao, during a conference in Tokyo earlier today, which he attended via video.
Zhao said that the services...
Coinbase Executive Tasks Australian Regulators To Speed Up Legislations To Remain Competitive
25.7.2023
Coinbase Chief Policy Officer Faryar Shirazad has noted the importance of regulatory clarity in Australia to position itself as a major web3 hub.
Shirazad made the call to lawmakers at a Senate hearing on July 25 as they debated a crypto bill drafted to regulate different spheres of the market...
Ethereum's Vitalik Buterin Raises Concerns Over Worldcoin's Launch and Design Flaws
25.7.2023
Ethereum co-founder Vitalik Butrein published a blog raising concerns on the recently launched Worldcoin human identity verification system.
Exploring Sam Altman’s project Worldcoin and its operational mechanics, Buterin delved into the broader concepts, including the proof-of-humanity...
Onramp integrates with Tezos to bring crypto to Indian users
25.7.2023
Onramp has announced integration with Tezos; This officially brings scalability for both ventures and easy accessibility to the crypto sphere for Indian users. Simply put, Indian users will now be able to acquire their favorite crypto assets through UPI, IMPS, and/or bank transfers. Transactions...
Towards a Balanced Future: A Middle-of-the-Road Approach to Crypto Regulation
25.7.2023
As the cryptocurrency market continues to evolve, a middle-of-the-road regulatory consensus is gaining momentum, aiming to strike a balance between skepticism and optimism around crypto, Aaron Brown, a former managing director and head of financial market research at AQR Capital Management, opined...
Tusima announces the Testnet Faucet upgrade
25.7.2023
Tusima recently announced the release of its Testnet Faucet upgrade. The platform issued an official tweet to inform users about the upgrade. The tweet stated that the Faucet upgrade will also bring the official launch of the Tusima zkBridge. The platform has optimized the Testnet Faucet to ensure...
Spanish Bank A&G Launches Crypto Investment Fund Offering
25.7.2023
The leading Spanish private bank A&G has launched a crypto investment fund offering, in a sign adoption is continuing to rise in the European nation.
Europa Press reported that A&G will launch an investment fund product after registering the fund’s brochure with the regulatory National Securities...
FTX Lawsuit Reveals Alleged Plan to Use Island as Doomsday Bunker
24.7.2023
A newly filed lawsuit has alleged that the FTX Foundation planned to use the island nation of Nauru as a safe refuge for effective altruists for “some event where 50% - 99.99% of people die.”
According to the lawsuit, filed by FTX’s current management, the plan to use the island as a giant...
Sam Altman's Eyeball-Scanning Crypto Project Worldcoin Launches Global Digital Identity Platform
24.7.2023
On Monday, June 24, Worldcoin, a cryptocurrency and digital ID project led by OpenAI chief Sam Altman, launched to create a "privacy-preserving" global identity system after years of development.
The goal is to build a reliable solution for distinguishing humans from AI online, facilitating...
TRM Labs: ISIS Allies Utilized Crypto to Raise Millions for Terrorism
24.7.2023
Middle Eastern terrorist groups associated with ISIS are increasingly turning to cryptocurrency to conduct their operations, according to a new report from TRM Labs.
On Friday, the blockchain analytics and compliance firm wrote that it has found “mounting on-chain evidence” of the organization’s...
Fresh Speculation Arises as US Federal Reserve Debuts FedNow Instant Payments Service
24.7.2023
The US Federal Reserve recently unveiled the FedNow Service system to facilitate instant payments; however, experts warn that the system might become a precursor to the infrastructure for a central bank digital currency (CBDC)....
Read More: Fresh Speculation Arises as US Federal Reserve Debuts...
Futureverse Raises $54 Million to Fuel Expansion of Diversified Metaverse Platform
24.7.2023
Futureverse, a crypto tech and gaming startup, has secured $54 million in Series A funding to support its expansion in the metaverse space.
The funding round was led by venture capital firm 10T Holdings, with participation from Ripple Labs, the creator of XRP Ledger, the company said in a recent...