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Winklevoss-Owned Gemini Makes a Move in the UAE for Crypto License
1.6.2023
Crypto exchange Gemini, owned by the Winklevoss twins, is headed to the United Arab Emirates.
The firm announced on Wednesday that it would begin acquiring a crypto license to serve customers in the UAE. ...
Read More: Winklevoss-Owned Gemini Makes a Move in the UAE for Crypto License
Cybersecurity Firm dWallet Labs Discovers and Fixes $500 Million Vulnerability in Tron Network
1.6.2023
dWallet Labs, a prominent cybersecurity research team, has uncovered a critical zero-day vulnerability within the multisignature (multisig) mechanism of the Tron (TRX) network, the firm revealed in a blog post this week.
This vulnerability discovered allows any signer, regardless of their weight...
Gate.io Clamps Down on Rumors Following Twitter Upheaval Over Multichain
1.6.2023
Cryptocurrency exchange Gate.io disputed rumors of insolvency after tweets were sent alleging a connection between it and Multichain.
“We would like to clarify that our operations are running healthily, withdrawals are functioning properly, and there are no issues with our operations...
Markets in Crypto-Assets (MiCA) Framework Signed into Law by EU Officials
1.6.2023
The European Union’s new Markets in Crypto-Assets (MiCA) rules were on Wednesday signed into law by European officials.
The signing into law of the new and comprehensive regulatory framework for crypto was done by European Parliament President Roberta Metsola and Swedish Rural Affairs Minister...
$1.1 Million Sent to NotLarvaLabs Founder's Wallet for 'Nothing' in Return – What's Going On?
1.6.2023
Donations and crowdfunding efforts are a major area of activity within the cryptosphere. But what happens when you launch a spoof campaign and ask supporters to send you crypto, promising them nothing in return? You receive as much as $1.1 million worth of Ethereum (ETH) in only 24 hours...
Multichain protocol sails through all challenges
1.6.2023
The multichain protocol has been compelled to block all cross-chain services for the sake of safeguarding the interests of connected users. At the present moment in time, the protocol is going through a rough patch of functional interruptions because of factors they were completely unaware of. This...
US Lawmakers To Hold Digital Asset Spot Market Hearing Next Week
1.6.2023
US lawmakers are slated to discuss digital asset spot markets during a congressional hearing next week.
The House Agriculture Committee will hold a hearing on June 6 titled “The Future of Digital Assets: Providing Clarity for Digital Asset Spot Markets.”
The committee has jurisdiction over...
US Senator Warren Calls Out Crypto’s Role in Fentanyl Transactions
1.6.2023
US Sen. Elizabeth Warren called out cryptocurrency’s role in fentanyl drug transactions and pushed for her bill to combat money laundering during a congressional hearing on Wednesday.
The Massachusetts Democrat, and longstanding crypto critic, said her bill, the Digital Asset Anti-Money Laundering...
Coinbase: Embracing Crypto Could Determine Future of U.S. National Security
31.5.2023
Amid heightened regulatory uncertainty and anti-crypto sentiment in the United States, a leading US-based cryptocurrency exchange, Coinbase, has linked crypto to national security.
The firm noted in a lengthy blog post that the US must embrace crypto to facilitate national security.
The May...
US Government's Push for FTX Inquiry Reaches Court of Appeals – Here's the Latest
31.5.2023
The US Government’s push for an independent inquiry of the now-bankrupt crypto exchange FTX was on Tuesday referred to the U.S. Third Circuit Court of Appeals.
The ruling, made by Delaware District Judge Colm F. Connolly, argued that the question of whether the case should be referred to...
Blockchain Analytics Firm Nansen Cuts 30% of Staff Amid Market Slump
31.5.2023
Blockchain analytics firm Nansen is cutting 30% of its staff, the company’s CEO Alex Svanevik announced via Twitter on Tuesday.
Svanevik said that the decision to reduce the company’s cost base, which is “too high relative to where the company is today”, was based on the fact that Nansen...
Render Network's RNDR Token Outperforms Broader Crypto Market, Mirrors Tech Stocks as NVIDIA Hits $1 Trillion Market Cap
31.5.2023
The decentralized GPU-based rendering solutions provider Render Network’s native RNDR token has seen a wave of interest over the past month as the narrative around artificial intelligence (AI) continues to strengthen.
In the past 30 days, the token has outperformed the broader crypto market...
Binance Chief Communications Officer Responds to Reports on Job Cuts
31.5.2023
Binance’s chief communications officer denied that the world’s largest cryptocurrency exchange is cutting 20 percent of its staff, following news reports about the job cuts on Wednesday morning.
Binance’s Patrick Hillmann retweeted a post from independent journalist Colin Wu, who had reported...
Hong Kong and UAE Central Banks Join Forces on Crypto Regulations
31.5.2023
Both Hong Kong and the United Arab Emirates (UAE) have strengthened ties after their respective central banks (CBUAE) and monetary authorities (HKMA) agreed to join forces on crypto regulation earlier this week.
The parties held a meeting in Abu Dhabi on Monday to “enhance collaboration between...
Trust Reserve Stablecoin Team Detained in China: PANews
31.5.2023
A Trust Reserve stablecoin team was detained by police in China on May 29, according to PANews.
The news outlet reported that the team “had been taken away by the police and detained, and the family members of some employees had been notified.”
The office in Shanghai was vacant and had a seal...
European Central Bank Wraps Up Digital Euro Prototypes; Decision on Development Awaits
31.5.2023
As part of the investigation phase of its digital euro project, the European Central Bank (ECB), which serves as the European Union’s central bank, has released two reports on the institution’s market research and prototyping exercise.
The Eurosystem, which includes the ECB and the national...
The U.S. Justice Department Awaits Bahamas Response Regarding New Charges Against Sam Bankman-Fried
31.5.2023
The US Justice Department (DOJ) may drop some of the charges against the disgraced former FTX CEO Sam Bankman-Fried if authorities in the Bahamas objects to them.
The charges that could be dropped include those related to bank fraud, operating an unlicensed money transmitting service, and a case...
TRX’s value increases after the DAO burns an old batch of TRX
31.5.2023
TRON DAO recently announced burning its old batch of TRX, adding up to 268,971,097. The development was a part of TRON’s strategy to elevate TRX’s market value. Moreover, the move was made to improve TRON’s overall ecosystem efficiency. The DAO released an official post to inform users about...
USPTO grants a patent license to Theta for data streaming & delivery network
31.5.2023
Theta Labs has announced securing the patent license from USPTO for its Tracker Service In Decentralized Data Streaming And Delivery Network. It can be verified at the official website of the USPTO by entering the patent number 11,659,015 B2. Alternatively, it can be verified by the pdf that...
Coinbase CEO Criticizes US Lawmakers, Regulators Over Regulatory Approach, Warns of Upcoming Innovation in China
31.5.2023
Coinbase CEO Brian Armstrong criticized US lawmakers and regulators over their approach to bringing “regulatory clarity” to cryptocurrency and warned that innovation is moving offshore.
Countries like China will benefit from “restrictive U.S. crypto policies,” Armstrong said in a MarketWatch...