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UK Regulatory Framework Will Embrace Coexistence of Stablecoins and CBDCs, Aligned with EU Standards
6.3.2024
The United Kingdom is set to embrace the coexistence of stablecoins and central bank digital currencies (CBDCs) in its regulatory framework. This move signifies a strategic alignment with the EU's regulatory framework and will position the UK as a progressive player in the evolving landscape...
Digital Currency Group Files Motion to Dismiss Lawsuit by NY Attorney General
6.3.2024
Digital Currency Group (DCG), the parent company of the now-defunct Genesis Global Capital, has taken action to dismiss the lawsuit filed against it by New York Attorney General Letitia James.
The post Digital Currency Group Files Motion to Dismiss Lawsuit by NY Attorney General appeared first...
Binance Suspends Solana Withdrawals Amid High Transaction Volume
6.3.2024
Binance, the world's largest cryptocurrency exchange, has temporarily suspended withdrawals to the Solana network due to an "increased volume of transactions."
The post Binance Suspends Solana Withdrawals Amid High Transaction Volume appeared first on Cryptonews
India Hosts Nearly 8 Million Verifiable Government Documents on Blockchains
6.3.2024
India's National Informatics Centre (NIC), a government agency operating under the Ministry of Electronics and IT (MeitY), has hosted almost eight million government-issued verifiable documents on five blockchains.
The post India Hosts Nearly 8 Million Verifiable Government Documents...
Astar Network introduces Polygon CDK-based Astar zkEVM
6.3.2024
Astar Network presents zkEVM, a Layer 2 rollup enhanced with ZK that was developed utilizing Polygon CDK and an initial chain that was integrated with the AggLayer. At this time, Astar is expected to demonstrate conventional interoperability with Polygon zkEVM and any future blockchains that...
Hungary Proposes Crypto Law to Regulate Digital Investment Instruments
6.3.2024
The proposed law would regulate the future tradability of digital investment instruments and allow traditional banks to incorporate cryptos.
The post Hungary Proposes Crypto Law to Regulate Digital Investment Instruments appeared first on Cryptonews
SEC Accepts ShapeShift’s $275,000 Settlement Over Crypto Securities Charges
6.3.2024
The U.S. SEC concludes its cease-and-desist action against ShapeShift with a $275,000 settlement, addressing charges of the firm selling crypto securities without proper registration.
The post SEC Accepts ShapeShift’s $275,000 Settlement Over Crypto Securities Charges appeared first...
Virginia Senate Passes Blockchain Bill to Foster Crypto Adoption
6.3.2024
Virginia's Senate Bill No. 339 aims to create a research group to study blockchain and cryptos.
The post Virginia Senate Passes Blockchain Bill to Foster Crypto Adoption appeared first on Cryptonews
Grayscale Launches Crypto Staking Fund – Here’s What You Need to Know
5.3.2024
Grayscale recently announced the launch of the Grayscale Dynamic Income Fund, which will own tokens on nine blockchains: Aptos, Celestia, Coinbase Staked Ethereum, Cosmos, Near, Osmosis, Polkadot, SEI Network, and Solana.
The post Grayscale Launches Crypto Staking Fund – Here’s What You Need...
Crypto Lender Nexo Receives Initial Approval for Dubai License from VARA
5.3.2024
Dubai's Virtual Assets Regulatory Authority (VARA) has awarded a virtual asset service provider (VASP) license to Bulgarian decentralized lending platform Nexo.
The post Crypto Lender Nexo Receives Initial Approval for Dubai License from VARA appeared first on Cryptonews
Terraform Labs Pushes Back Against SEC Over Special Counsel Payment
5.3.2024
Crypto firm Terraform Labs has filed a lawsuit against the US Securities and Exchange Commission. The suit addresses the recent objection from the regulator over a $166M retainer paid to special litigation counsel Dentons. The SEC’s argument lies in the fact that the crypto firm’s lavish spending...
Terra’s Do Kwon Wins Extradition Appeal in Montenegro, Avoids U.S. Charges
5.3.2024
Do Kwon, the founder of Terraform Labs, has received a legal reprieve as a Montenegro court overturned a previous ruling for his extradition to the U.S.
The post Terra’s Do Kwon Wins Extradition Appeal in Montenegro, Avoids U.S. Charges appeared first on Cryptonews
Matty Taylor, Co-founder of Colosseum, on Solana, Hackathons, and Growing the Solana Ecosystem | Ep. 314
5.3.2024
Matty Taylor discusses Colosseum, growing the Solana ecosystem, accelerating its adoption, how the Solana Foundation hackathons help accomplish just that, and more.
The post Matty Taylor, Co-founder of Colosseum, on Solana, Hackathons, and Growing the Solana Ecosystem | Ep. 314 appeared first...
Wormhole’s W Token Pre-Market Surge Indicates Massive Airdrop Worth Almost $3 Billion
5.3.2024
Wormhole might just be gearing up for one of the biggest airdrops in history. Wormhole is currently trading at around $2.5 in pre-market over the counter (OTC) trades. According to the protocol’s tokenomics paper, there are 1.1 billion W tokens available for immediate trading on listing....
Sygnum Bank, Apex Group, & Hamilton Lane widen participation in private markets
5.3.2024
Sygnum Bank, in collaboration with Hamilton Lane and Apex Group, has introduced an all-encompassing initiative to establish connections with a broader and more diverse range of well-known investors. This pertains to privately operated international markets. By leveraging the capabilities...
BRICS to Develop Digital Currencies and Blockchain-Based Payment System
5.3.2024
BRICS nations announce plans to collaborate to launch an independent blockchain-based payment system, introducing their own digital currencies to streamline cost-effective transactions.
The post BRICS to Develop Digital Currencies and Blockchain-Based Payment System appeared first on Cryptonews
Avail’s Testnet Surpasses 100 Million Transactions, Showcasing Mainnet Capability
5.3.2024
With the completion of over 100 million transactions on the Goldberg testnet, Avail prepares for a mainnet launch that could enhance layer-2 efficiency and interoperability.
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Coinbase Faces Technical Issues as Trading Volume Surges, Some Users See $0 Balances
5.3.2024
Coinbase is once again encountering technical problems amid heavy trading activity in the cryptocurrency market, with some users experiencing issues such as displaying a $0 account balance.
The post Coinbase Faces Technical Issues as Trading Volume Surges, Some Users See $0 Balances appeared first...
South Korean Crypto Consultancy Firm ‘Duped Elderly Investors out of $7.5m’
5.3.2024
South Korean crypto controversy continues as police announced the investigation of a firm linked to a gaming coin.
The post South Korean Crypto Consultancy Firm ‘Duped Elderly Investors out of $7.5m’ appeared first on Cryptonews
FTX Opens Claim Window, Prices Crypto Assets Significantly Below Market Values
4.3.2024
The exchange has faced criticism on social media from users who have blasted FTX for pricing major crypto assets significantly lower than their market values.
The post FTX Opens Claim Window, Prices Crypto Assets Significantly Below Market Values appeared first on Cryptonews