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JPMorgan Mulls Blockchain-Based Deposit Token, Report
10.9.2023
America’s biggest bank by assets, JPMorgan Chase, is exploring a blockchain-based deposit token for cross-border payments and interbank transfers. If approved by regulators, the banking giant may create the digital asset, which would be different from its existing JPM Coin as it could be used...
Fourth Consecutive Week of Decline: NFT Sales Dip 6.75%
9.9.2023
Non-fungible token (NFT) sales took yet another dip this week, marking the fourth consecutive week of decline, albeit a slight one, with a decrease of 6.75%. From September 2, 2023, to September 9, the total sales for this week amounted to approximately $80.69 million, with a notable chunk...
OKX Crypto Exchange and Circle Partner to Introduce Fee-Free USDC Transactions
9.9.2023
On September 7, global web3 technology leader OKX and fintech firm Circle Internet Financial unveiled USDC features on the OKX Wallet and the OKX DEX aggregator.
This partnership aims to facilitate gasless USDC transactions, eliminating network fees and enabling cross-chain USDC swaps across...
Coinbase Pushes Toward Global Expansion, Sets Sights On Regulated Markets
8.9.2023
Digital asset exchange Coinbase sets out plans for a global expansion flagging jurisdictions outside the United States as “near-term priority markets.”
In a recent blog post, the company highlighted several challenges in the US markets citing bottleneck regulations leading to an exodus of both...
Blockchain Association responds to US lawmakers’ request for crypto tax guidance
8.9.2023
Lawmakers with the U.S. Senate Financial Services Committee announced in July they would be accepting suggestions on how to tax crypto until Sept. 8
FBI Identifies North Korean Lazarus Group as Culprit Behind $41 Million Stake Casino Hack
8.9.2023
North Korean hackers at the infamous Lazarus Group have by the FBI been identified as responsible for stealing $41 million worth of crypto from the online crypto casino Stake.
The attack, which took place around September 4, drained funds over the blockchain networks Ethereum, BNB Chain (formerly...
48% of Asset Managers Hold Crypto For Clients: Coalition Greenwich Report
8.9.2023
A new study reveals nearly half of institutions in the United States, UK, and Europe offer digital asset services to their clients.
In a recent survey conducted by Coalition Greenwich and Amberdata, 48% of asset management institutions manage crypto for their clients with a general bullish stance...
Ripple Acquires Crypto Financial Services Company Fortress Trust
8.9.2023
Ripple, a leading blockchain and cryptocurrency company, has acquired Fortress Trust, a Nevada-licensed financial services provider for the crypto industry. The purchase expands Ripple’s regulatory licenses and infrastructure to bolster its position in enterprise blockchain solutions. Ripple...
LBRY Gears Up to Contest US Securities Law Violation Ruling
8.9.2023
In a recently filed court document, blockchain-based publishing company LBRY has signaled its intent to challenge a New Hampshire district court’s verdict. This ruling, made in November 2022, concurred with the U.S. Securities and Exchange Commission (SEC) stating that LBRY presented...
Why Freelancers Are Turning to Blockchain for Payments
8.9.2023
Freelancing has become a significant part of the global job market in recent years. As traditional job roles evolve, more people are choosing freelance work to have flexible schedules and diverse income streams....
Read More: Why Freelancers Are Turning to Blockchain for Payments
$500 Billion Asset Manager Mirae Partners with Polygon in New Web3 Technology Push
8.9.2023
South Korean asset management giant Mirae Asset Securities has partnered with Polygon Labs to advance tokenization and Web3 onboarding within traditional finance....
Read More: $500 Billion Asset Manager Mirae Partners with Polygon in New Web3 Technology Push
Saudi Arabia looks to blockchain gaming and Web3 to diversify economy
8.9.2023
The kingdom is currently diversifying its economy away from oil and turning to new opportunities, such as gaming and Web3
Exclusive: OKX Crypto Exchange Targets 'Tech-Savvy' India, But Regulatory Compliance Comes First, Says Global CMO Haider Rafique
8.9.2023
In an exclusive interview with CryptoNews, OKX Global Chief Marketing Officer, Haider Rafique, expressed the company’s vision to target India's “tech-savy” market.
OKX, one of the largest crypto exchanges in terms of trading volume, currently does not offer any centralized finance products...
Hackers Exploit Windows Tool to Deploy Crypto-Mining Malware
8.9.2023
Hackers have targeted a popular Windows-based software packaging tool to infect computers with crypto mining malware, IT security firm Cisco Talos Intelligence Group has revealed.
The mining attack on computers happens through a Windows tool known as Advanced Installer, and the attackers have used...
US Authorities Reportedly Intensify Investigation into Alleged Fraud at Barry Silbert's DCG Following Winklevoss Claims
8.9.2023
According to a Bloomberg report on Thursday, the crypto feud between the two crypto tycoons, billionaire Cameron Winklevoss and Digital Currency Group (DCG) and its CEO Barry Silbert, has attracted the attention of several US investigators.
The denied Fraud accusations thrown against DCG and Barry...
Roger Ver Joins Leading Innovators at Upbit D Conference 2023
8.9.2023
PRESS RELEASE. The future of blockchain comes into focus at the Upbit D Conference (UDC), where Roger Ver, a leading figure in the crypto space and Founder of Bitcoin.com, will take the stage at Grand Walkerhill Seoul, Korea. Since its inception in 2018, UDC has transformed from an exclusive...
Southeast Asia's Super-App Grab Joins Web3 Movement, Introduces Blockchain Rewards
8.9.2023
Southeast Asian all-in-one app Grab has added support for a Polygon-based Web3 wallet and non-fungible token (NFT) vouchers.
The new Web3 addition was created in collaboration with the Monetary Authority of Singapore (MAS), Tech in Asia reported, citing a Grab spokesperson.
This is a "short...
Turkish Crypto Exchange Thodex CEO Receives 11,196-Year Jail Term for Fraud and Money Laundering
8.9.2023
Faruk Fatih Ozer, the founder and former CEO of Thodex, a prominent Turkish cryptocurrency exchange, has been handed 11,196-year prison sentence for fraud and other crimes, Bloomberg reproted.
Ozer was convicted on various charges, including fraud, leading a criminal organization, and money...
Nomura’s Crypto Arm Might Take Longer Time to Turn Profitable After Market Rout: CEO
8.9.2023
Laser Digital, the digital asset subsidiary of the Japanese financial services giant Nomura, might take a longer time to turn profitable than expected, as the company is still grappling to recover from the sector’s turmoil.
Laser Digital had previously forecasted to make profits by 2024. However...
Blockchain could have prevented Nigeria's naira scarcity effects - Local experts
8.9.2023
According to local stakeholders, the decision to print new naira notes could have occurred via DeFi, involving Nigerians and aiding readiness for the change