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Dubai Free Trade Zone Partners With South Korean Companies to Expand Web3 and Metaverse Business
18.3.2023
The Dubai Multi Commodities Centre, one of the biggest free trade zones in the world, signed agreements with governments and companies in South Korea to bring more Web3 and metaverse businesses to the emirate. The objective of this move is to consolidate the status of Dubai as an international...
Polygon Partners With Salesforce for NFT-Based Loyalty Program
17.3.2023
Salesforce partnership with the blockchain platform marks another major company’s investment into customer engagement initiatives using Web3 technologies
Real-world assets tokenization lacks infrastructure, not just regulation
17.3.2023
Next-generation of securities, assets tokenization has been held back by lack of infrastructure, as well as regulatory standards worldwide according to BlackRock's Larry Fink
Undeterred by Fears of a Banking Crisis, ECB Raises Interest Rates by 50bps
17.3.2023
The European Central Bank (ECB) has convened to raise three of its key interest rates by 50bps (0.5%), fueled by the persistence in the inflation numbers reported by the bloc. Christine Lagarde, president of the institution, stated that the banking sector in Europe was resilient and that...
Protego’s conditional national bank status expired without approval: Report
17.3.2023
In a week when the crypto industry – and the rest of the world – was beset by bad news about banking, one more banking setback has come to light
Congress announces March 29 hearing into failures of SVB and Signature Bank
17.3.2023
According to the House Financial Services Committee, it expects to hold multiple hearings on "getting to the bottom" of the banks' failures
FTX Firms Had $6.8B Hole in Balance Sheet at Time of Bankruptcy
17.3.2023
The group of companies had debts of about $11.6 billion against $4.8 billion in assets, according to a presentation filed by its advisers
FTX debtors report $11.6B in claims, $4.8B in assets with many crypto holdings 'undetermined'
17.3.2023
The presentation reported $25 million in donations — political and otherwise — from three of the FTX silos, but added “limited information” was available on crypto donations
Cardano Price Forecast as On-Chain Data Shows Huge Whale Activity – What Do They Know?
17.3.2023
Cardano (ADA), the cryptocurrency that powers the smart-contract-enabled Cardano blockchain, was last changing hands around $0.34 per token, up around 4% on the day amid a broader rally in cryptocurrencies, but lifted somewhat by positive news about the Cardano development team delivering a...
‘Next Round of Bailouts Is Here’ — Bitcoin and Precious Metals Soar Amid Speculation of Fed Policy Change
17.3.2023
At around 7:30 a.m. ET, the price of bitcoin skyrocketed past the $27,000 range to a high of $27,025 per unit. Precious metals, or PMs, like gold and silver, also rose between 1.98% and 2.12% against the U.S. dollar over the past day. While many market observers are wondering why specific assets...
DeFi sees its biggest hack in 2023 as Euler loses $197M: Finance Redefined
17.3.2023
DeFi suffered its biggest attack this year with a flash loan attack on crypto lending platform Euler Finance and the hackers are belived to be same that exploited a BSC based protocol in February
USDC depeg will hinder stablecoins’ growth, increase regulatory scrutiny: Moody’s
17.3.2023
"Financial institutions may reconsider adopting stablecoins to settle agreements involving tokenized securities out of concern over the coins' potential volatility,” Moody’s said
Animoca Brands Co-Founder: Royalties Make It Possible for NFT Projects to Flourish
17.3.2023
The computer gaming firm supports royalties and by removing them, it would only “send the industry backwards, co-founder Yat Siu, said
Animoca Brands Co-Founder: Royalties Make It Possible for NFT Projects to Flourish
17.3.2023
The computer gaming firm supports royalties and by removing them, it would only “send the industry backwards, co-founder Yat Siu, said
Binance replaces BUSD in SAFU Fund with TUSD & USDT
17.3.2023
Binance assured its users that this change will not impact them in any way, and that their funds will continue to be held in publicly verifiable addresses
Crypto market cap reclaims $1T, and derivatives point to further upside
17.3.2023
Bitcoin's performance has outpaced Warren Buffett's Berkshire Hathaway over the past six months as crypto markets appear to have turned a corner
What are buy and sell walls in crypto, and how can one identify them?
17.3.2023
Whales can manipulate buy and sell orders because they can deploy excessive capital into the market
Meta’s NFTease and AI’s Impact on Web3
17.3.2023
Meta Platforms announced it was ending its support for NFTs after less than a year from its initial test program. The move is a setback for Web3 creators who use social media to promote their art and interact with their community – and signals that Meta maybe hasn’t yet figured out how to dive into...
Former NY Regulator: Crypto Isn't the Reason Why Signature Bank Was Closed
17.3.2023
But instead, the firm did not provide reliable and consistent data, creating a significant crisis of confidence in the bank’s leadership, Maria Vullo, previously a superintendent at the government department, told CoinDesk TV’s “First Mover.”
Coinbase is planning to set up crypto trading platform outside US: Report
17.3.2023
The reported move came amid many U.S. lawmakers and regulators taking aim at crypto firms for their perceived role in the failure of three major banks