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Asia-based Crypto Exchange XREX Secures In-Principle Approval for Major Payment Institution License in Singapore
17.11.2023
Source: AdobeStock / Richie Chan On November 16, XREX, an Asia-based cryptocurrency exchange specializing in cross-border payments, achieved a significant milestone by receiving in-principle approval from the Monetary Authority of Singapore (MAS) for a Major Payment Institution (MPI) license. This...
Fourteen Ukrainian Officials Receive Advanced Crypto Crime Investigation Training
17.11.2023
Source: Pixabay Ukrainian lawmakers and officials have received advanced training on identifying and investigating crypto-related financial crimes. The United Nations Office on Drugs and Crime and the OSCE Economic and Environmental Activities have organized the 4-day course. Fourteen...
CBDC’s Not Yet Ready for Mainstream, Says Mastercard Expert
17.11.2023
Source: Pixabay / AKuptsova Mastercard’s expert Ashok Venkateswaran has expressed skepticism about the current viability of widespread central bank digital currencies (CBDC), claiming that the broad adoption of CBDC could be “difficult,” according to CNBC. Venkateswaran, Mastercard’s Blockchain...
Aave Rebrands to Avara, Announces Latest Acquisition in Web3
17.11.2023
Source: Avara Aave has announced its rebranding to Avara and the acquisition of Los Feliz Engineering, a Los Angeles-based web3 startup. Avara is the home to some of the most innovative web3 brands: @aave, @lensprotocol, @ghoaave, @sonar, and now @family all building towards a people powered...
AvaCloud helps Citi test a unique application
17.11.2023
AvaCloud, an entity affiliated with Ava Labs, granted Citi the privilege of evaluating a pioneering application they had developed. Using a blockchain framework, this application calculates and executes simulated bilateral spot foreign exchange (FX) transactions. AvaCloud is a customized...
BUIDL For Web3 Summit 2023: Igniting a Decentralized Internet Revolution
17.11.2023
Ushering the collective Web3 diaspora to the “Silicon Valley” of India, Lumos Labs and BuidlersTribe bring the BUIDL for Web3 Summit 2023, a gripping one-day event catering to holistic Web3 growth by enabling opportunities across the board. Presented by Bitget, a leading global crypto derivatives...
Binance Japan Adds 13 New Crypto Pairs
17.11.2023
Source: Iryna Budanova/Adobe The crypto exchange giant Binance is hoping to corner the Japanese market by expanding its crypto pairing offerings by 13. The firm launched in Japan in August this year, following its acquisition of the Sakura Exchange BitCoin trading platform in November 2022. Binance...
GOP Candidate Ramaswamy Would Reduce Govt Involvement in Crypto If Elected
16.11.2023
GOP Candidate Vivek Ramaswamy Source: YouTube/NBC News The 2024 United States presidential candidate, Vivek Ramaswamy, has disclosed his plans to curb the Securities and Exchange Commission’s (SEC) control and government involvement in the crypto space if elected. In an exclusive interview with...
Public needs to know blockchain use cases, AI needs regulation now — Andrew Yang
16.11.2023
The former presidential candidate spoke at NABS about opportunities the United States may be missing to blockchain and AI for public good
Coinext Crypto Exchange CEO Highlights Competitiveness Driven by Brazil’s Crypto Regulatory Environment
16.11.2023
Source: AdobeStock / WavebreakMediaMicro José Ribeiro, the CEO of the cryptocurrency exchange Coinext, shared his perspective on Bitcoin and the crypto landscape in Brazil during the Web Summit in Lisbon. During the Web Summit, Ribeiro discussed the vibrant crypto economy in Brazil and the growing...
Strike Rolls Out Bitcoin Purchases To Users Globally
16.11.2023
Bitcoin payments firm Strike has expanded its services on a global scale, now allowing users in 36 countries (soon to be 65+) beyond the U.S. to buy bitcoin through the app, founder Jack Mallers announced in a blog post Thursday
FBI Arrests Trio of Crypto Criminals, Over $10 Million Stolen from NYC Banks
16.11.2023
Three men have been arrested for an elaborate conspiracy that drained $10 million from banks across the New York City metropolitan area, United States Attorney for the Southern District of New York, Damian Williams, announced today. “For years, Zhong Shi Gao, Naifeng Xu, and Fei Jiang allegedly...
Microsoft and Tencent Join Forces with Infura for Blockchain Infrastructure
16.11.2023
Microsoft Office / Source: Adobe Crypto infrastructure giant Infura is taking its first step toward decentralizing core components of its service following years of criticism that the company is a ‘single point of failure’ for Ethereum. Over a dozen Web2 giants including Microsoft and Tencent have...
This Is What It Looks Like When A Massive Video Game Publisher Messes Up
16.11.2023
This is Lars Wingefors, the CEO of Embracer, a Swedish holding company that owns multiple video game publishers, dozens of studios, and employs over 16,500 people. Or at least it used to. Embracer has been laying off hundreds, canceling projects, and closing studios as it reckons with deals that...
CoinShares Gets Greenlight to Buy Valkyrie ETF Arm as It Expands Into North America
16.11.2023
Source: Adobestock Leading European digital asset investment firm CoinShares has announced its strategic acquisition of the Valkyrie Funds, a crypto exchange-traded fund (ETF) subsidiary of US-based Valkyrie Investments. In a press release dated November 16, the CoinShares Group stated it obtained...
Do Kwon’s Appeal in Document Forgery Case Rejected by Montenegro High Court
16.11.2023
Disgraced Terraform Labs founder Do Kwon’s appeal in his document forgery case has been rejected by a High Court in Montenegro. Judge finds Kwon’s appeal based on “unfounded” claims According to a statement by the High Court of Podgorica, claims made in the appeal by Do Kwon and his co-conspirator...
US Congress Kicks Against SEC’s SAB 121 Rules in Latest Memo
16.11.2023
Source: AdobeStock The US Securities and Exchange Commission’s (SEC) latest release of its Staff Accounting Bulletin (SAB) 121 is receiving major backlash from legislators. Making their opinions heard in a memo dated November 15, several members of the US Congress wrote to the Chairman of...
DeFi Market Concentration: Gauntlet Data Reveals Few Major Projects Dominate the Industry
16.11.2023
Image Soure: Adobe A limited number of participants are currently dominating decentralized finance (DeFi), the sector aiming to recreate financial markets without intermediaries. According to data gathered by Gauntlet, a crypto-risk modeling company, most categories within DeFi, such...
Bitcoin-Focused Ordinals Project Taproot Wizards Raises $7.5M in Seed Round
16.11.2023
Taproot Wizards, which describes itself as "magic internet JPEGs", offers a collection of Microsoft Paint images of wizards harking back to a 2013 bitcoin meme: "magic internet money."
255M Pyth Tokens to Be Airdropped to 90K Wallets Next Week
16.11.2023
The Claim Process for the Pyth Network Retrospective Airdrop will open on Monday, Nov 20 at 2 PM UTC