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Tom Brady and Other Celebrities Navigate Through Crypto Crash
7.7.2023
Even as the crypto market returns to form, celebrities are still feeling the sting of manifold industry disasters and frauds last year that they unwittingly helped promote. ...
Read More: Tom Brady and Other Celebrities Navigate Through Crypto Crash
Decentralized Social Media Protocol DeSo Offers $1 Million to Develop Blockchain-Based Reddit Alternative
7.7.2023
DeSo, a decentralized social media system leveraging blockchain, has announced a $1 million bounty to spur the creation of a Reddit competitor built on the platform’s native blockchain technology.
The move comes as a potential solution to increased criticisms on centralized social media platforms...
Kraken Co-Founder Jesse Powell Faces Federal Investigation: Allegations of Hacking and Cyberstalking Non-Profit
7.7.2023
Jesse Powell, the co-founder and former CEO of Kraken, a prominent cryptocurrency exchange, has become the subject of a federal investigation into allegations of hacking and cyberstalking involving a non-profit organization.
This recent development puts him in the spotlight as yet another...
Russian Ministry Proposes ‘Crypto Ban’ – But Miners & Stablecoin Issuers May Be Safe
7.7.2023
The Russian finance ministry has reportedly proposed banning the circulation of crypto in the nation, but wants to make exceptions for stablecoin issuers and crypto miners.
Per Frank Media, sources “familiar with the matter” told the news agency Interfax that the proposals could be bundled with...
The EU’s Leaked Metaverse Strategy Proposes Global Regulatory Governance Rules
6.7.2023
The race to build the perfect virtual ecosystem, popularly termed the metaverse is taking shape with huge technology-driven companies at the fore.
However, regulators within the European Union (EU) have warned of a possible monopoly at the detriment of smaller companies that can lead to...
Former FTX US CEO New Venture: Architect – AI-Based Trading Platform for Crypto
6.7.2023
The former President of the now defunct FTX.US is starting another crypto trading platform – and he plans to imbue it with artificial intelligence (AI)....
Read More: Former FTX US CEO New Venture: Architect – AI-Based Trading Platform for Crypto
Florida's Financial Regulator Accuse Bittrex Exchange for Violating Several State Laws Before Filing for Bankruptcy
6.7.2023
Bittrex cryptocurrency exchange which filed for Chapter 11 bankruptcy on May 8 in the US state of Delaware, is now accused of violating several laws in the state of Florida.
Florida’s financial regulator has filed a case against the exchange accusing it of violating multiple state laws, prior...
FTX, Three Arrows, and SEC Join Forces Against BlockFi's Bankruptcy Plans, Unveiling Billion-Dollar Dispute
6.7.2023
FTX, Three Arrows Capital (3AC), and the Securities and Exchange Commission (SEC) have united against BlockFi's bankruptcy plans, revealing a billion-dollar dispute that has brought them together.
In a legal filing submitted by FTX on June 7, it has been argued that BlockFi's proposed plans...
USDC-Issuer Circle Looking to Launch Stablecoin in Japan
6.7.2023
The firm behind USDC stablecoin, Circle, is looking to launch a stablecoin in Japan under new regulations that came into effect last month.
In an interview with Coindesk Japan, Circle CEO Jeremy Alliare said that Japan would become an extremely large market for them if stablecoin adoption...
Bankrupt Lending Firm Celsius Moves $70 Million in Altcoins to Swap for Bitcoin and Ether
6.7.2023
Celsius Network, the bankrupt crypto lending firm, has made its first swap converting its altcoin holdings into Bitcoin (BTC) and Ether (ETH), a week after receiving a court order to liquidate its altcoin assets.
A New York court passed an order on June 30, allowing Celsius debtors to trade their...
Nasdaq Refiles Valkyrie's Bitcoin ETF Application with Coinbase Surveillance-Sharing Agreement
6.7.2023
Stock exchange giant Nasdaq has refiled Valkyrie’s application for a spot Bitcoin exchange-traded fund (ETF) with Coinbase as its “surveillance-sharing” partner.
As per a July 3 filing with the U.S. Securities and Exchange Commission (SEC), the stock exchange submitted a proposed rule change...
Meter Foundation x LayerZero: reveals the cross-chain possibility
6.7.2023
Meter Foundation takes immense pride in revealing the sheer possibilities of cross-chain on the Meter network and with the incorporation of LayerZero protocol. LayerZero is basically an omnichain interoperability protocol that provides the opportunity for cross-chain all-inclusive message...
Bitget Crypto Exchange Ventures into Crypto Loans Market Despite 2022 Sector Challenges
5.7.2023
The crypto derivatives exchange Bitget has launched a new crypto lending program that will let users stake their own coins in exchange for loans in another.
The platform aims to cater to borrowers who are dissatisfied with traditional lenders, a press release from the firm said.
It explained that...
Denmark Financial Watchdog Directs Saxo Bank to Liquidate its Crypto Assets
5.7.2023
Denmark’s Financial Supervisory Authority (FSA) has directed Saxo Bank, a Copenhagen-based multi-asset broker, to dump its cryptocurrency holdings.
The bank’s trading in crypto assets for its own account is found to be “outside the legal business area of financial institutions,” the regulator...
Value Locked in Solana's Liquid Staking Protocols Surged by 91% in the First Half of the Year
5.7.2023
As the crypto market returns to form this year, so too has demand for liquid staking – especially in the Solana ecosystem. ...
Read More: Value Locked in Solana's Liquid Staking Protocols Surged by 91% in the First Half of the Year
DBS Bank China Launches Digital Yuan Merchant Collection Solution
5.7.2023
Crypto-friendly bank DBS announced the launch of a digital yuan merchant collection solution for business clients.
The new payment solution will allow mainland Chinese businesses to receive payments in the central bank digital currency (CBDC).
The DBS merchant collection platform allows...
India Fosters Global Cross-Border Payments For The Digital Rupee
5.7.2023
The Reserve Bank of India (RBI) is on course to expand the frontiers of its Central Bank Digital Currency (CBDC), the “digital rupee” as it negotiates with foreign countries to adopt cross-border payment systems.
The bank is currently in talks with its counterpart in at least 18 countries on ways...
Billionaire Mark Cuban And Ex SEC Official Argue Over FTX Collapse And Crypto Regulations
5.7.2023
American billionaire Mark Cuban and the former US Securities Exchange Commission official John Reed Stark argued over what actually caused the collapse of FTX and how US customers could have been protected better.
Shark Tank star Mark Cuban suggested in a tweet that had the US SEC adopted similar...
Current CBDC Models Aren't Viable for Everyday Transactions: Copper's Research Head
5.7.2023
In an interview with The Block, Fadi Aboualfa, the head of research at crypto brokerage Copper, expressed that the existing Central Bank Digital Currency (CBDC) models are "not a viable cash equivalent that people could use in daily transactions."
Aboualfa raised doubts about CBDCs despite...
Inborg Upgrade for Polygon PoS Network through two proposals
5.7.2023
The Polygon Improvement Proposal (PIP) infrastructure, which is similar to the EIP infrastructure, sets in place a coordination layer in the case of all upgrades carried out on the Polygon PoS. This provides the opportunity for the ecosystem consensus to be introduced in the forum and the Polygon...