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LongHashX joins Manta Network as a new Ecosystem Incubation Partner
6.4.2023
Manta Network announced a partnership with LongHashX Accelerator as an Ecosystem Incubation Partner. As one of the first platforms to join Manta Network, LongHash will facilitate the adoption of zkNTFs and zkSBTs. Known for bootstrapping Web3 ecosystems, LongHash Ventures has established a distinct...
LayerZero Raises $120M in Funding to Expand Cross-Chain Messaging Efforts – Is the Bull Market Back?
5.4.2023
Blockchain development firm LayerZero Labs has raised $120 million in a Series B funding round for its interoperability protocol, valuing the firm at $3 billion.
The funding will go towards expanding the cross-chain messaging system that LayerZero Labs is working on, increased hiring, and...
Russians Spend More on Crypto than Gold, Says Central Bank – Crypto Bull Market Incoming?
5.4.2023
Russians are now spending more per household on crypto than gold and other precious metals, a Central Bank report has discovered.
The bank’s findings were compiled in a report named “A Nationwide Survey of Consumer Finance Households” (literal translation).
The report compiled a range of data...
Experts Predict Crypto Will Save Americans Billions in Remittance Fees Every Year – Here's What You Need to Know
5.4.2023
Crypto could save Americans billions of dollars in costs related to remittance payments to places like Asia and Latin America, data compiled by Coinbase shows.
According to a blog post published by Coinbase this week, Americans spend more than $12 billion a year on fees alone related...
Swiss Government-Owned Bank to Grant 2.5 Million Users Crypto Capabilities via New Partnership – Crypto Adoption on the Rise?
5.4.2023
Major Swiss bank PostFinance has partnered with digital asset services provider Sygnum Bank to offer cryptocurrency trading and storage services for its customers.
As part of the partnership, the Swiss state-owned bank will provide its 2.5 million customers access to buy, sell, and store Bitcoin...
Integration of ZKEVM into the ecosystem of TRON & Bittorrent could be a possibility
5.4.2023
Justin Sun recently took to Twitter to announce that TRON and Bittorrent are exploring the possibility of integrating zkEVM into their ecosystem. Also known as zk Ethereum Virtual Machine, the mechanism ensures that the transaction data is held privately with no threat to it in any manner. zkEVM...
DOJ Seizes $112M Linked to Cryptocurrency Investment Schemes in Multi-District Action
4.4.2023
The US Department of Justice (DOJ) has seized crypto worth more than $112 million that is linked to several crypto-related scams.
The seizure targeted six cryptocurrency accounts, and was based on warrants authorized by judges in the District of Arizona, the Central District of California, and...
European Traditional Finance Banks Join Forces for Blockchain-Based Digital Bonds Trading Platform
4.4.2023
Major European banks SEB and Crédit Agricole have launched so|bond, a new blockchain-based platform for issuing digital bonds in the traditional financial sector.
The new platform, said to be a “sustainable and open” blockchain, aims to improve efficiency and enable real-time data synchronization...
MEFLEX delivers landmark ecosystem https://me-flex.io
4.4.2023
MEFLEX is extremely pleased to be making its official announcement of having delivered its absolute landmark ecosystem. This has been designed, keeping in mind the arming of users with a unique platform for the sake of decentralized finance. Through this, the entity will be responsible...
A Sharp Rise in Bogus Russian Crypto Exchanges – How Are Fraudsters Targeting Russians?
4.4.2023
A “significant” rise in the number of fraudulent crypto exchanges targeting Russians and Russian-speaking crypto traders has been detected, a new report has found.
Per Kommersant, experts have noted a “significant increase” in the number of “small [Russian-language] crypto exchanges, some of which...
New Report: U.S. Crypto Crackdown Boosts Hong Kong's Ambitions in Digital Asset Market – Best Crypto Destination?
3.4.2023
The ongoing regulatory crackdown on crypto in the US could boost Hong Kong in its bid to become a new hub for the crypto industry.
Hong Kong was a for many years a preferred destination for high-profile crypto firms, including BitMEX and FTX, but concerns about crackdowns on crypto in China,...
U.S. Government's Case Against Voyager-Binance.US Merger Given Weight by Judge – Here's the Latest
3.4.2023
The case the US Government has made against Binance.US’ plans for an acquisition of bankrupt crypto lender Voyager Digital got a little stronger after a judge decided to halt the merger of the firms pending a government appeal.
The new ruling marks a turn of events after another judge earlier this...
The Metaverse Faces Uphill Battle as Tech Giants Struggle to Turn Concept into Reality – Can the Industry be Saved?
3.4.2023
While tech giants continue to pour billions into the Metaverse’s development, industry observers caution that it could take years before the concept lives up to its promise. However, they also say that the technology’s nascent stage allows its developers to try to avoid repeating the mistakes that...
Sam Bankman-Fried Pleads Not Guilty to New Fraud and Bribery Charges in Federal Court – Here's What You Need to Know
31.3.2023
Disgraced FTX founder Sam Bankman-Fried has pleaded not guilty to five additional charges brought against him in federal court in the US.
The new charges against Bankman-Fried are focused on alleged bribery of foreign officials from China. According to the charges, Bankman-Fried paid $40 million...
Suspected Brazilian Crypto Scam Firm Workers Caught on CCTV on Way to Empty HQ
31.3.2023
“Employees” at Brazilian company at center of crypto scam allegations have been filmed apparently on their way to remove evidence – under the cover of night.
The Brazilian media outlet Livecoins shared a video showing “at least two people” entering the company, Braiscompany. The offices have been...
Binance Crypto Exchange Accused of Allowing U.S. Firms to Circumvent Derivatives Trading Ban – What's Going On?
31.3.2023
Binance has been accused by the Commodity Futures Trading Commission (CFTC) of allowing trading firms based in the US to trade crypto derivatives on Binance’s international exchange.
Allowing US-registered firms access to the derivatives platform constitutes an obvious circumvention of Binance’s...
Fresh Supply Co ready to shift to the HBAR foundation
31.3.2023
On March 30, the HBAR foundation took to Twitter to announce that Fresh Supply Co (FSCO) has migrated from the Mastercard blockchain to the Hedera network for real-world asset tokenization. Conventionally, the financiers were limited to financial reports and profit-and-loss balance sheets during...
Binance Sees $2.2 Billion Outflows Following CFTC Lawsuit – Should the Crypto Industry be Worried?
30.3.2023
The major crypto exchange Binance has seen a whopping $2.2 billion in outflows after news broke that it has been sued in the US by the Commodity Futures Trading Commission (CFTC).
The lawsuit, which alleged that Binance offers “unregistered securities” to retail users in the US, was announced...
Belarus Says Crypto Firms Can Operate Tax-free Until 2025
30.3.2023
Belarus is continuing its bid to woo crypto firms – by extending tax exemptions for token miners and developers until 2025.
Per the Belarusian media outlet AFN, President Aleksander Lukashenko this week signed a decree that will allow miners and other crypto business operators to do business...
As the CFTC and SEC Crackdown on Crypto, Some Experts Believe the Regulatory Teardown Has Just Started – Here's Why
30.3.2023
The US crypto industry could be in for a tough time ahead, as regulators continue their crackdown on some of the biggest companies in the space, experts have warned....
Read More: As the CFTC and SEC Crackdown on Crypto, Some Experts Believe the Regulatory Teardown Has Just Started – Here's Why