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BRICS Emerges as the World’s Largest GDP Bloc, Propelled by China’s Rapid Expansion
31.3.2023
BRICS, a set of countries grouped as an alternative to the G7, is now the world’s largest gross domestic product (GDP) bloc, taking purchasing power parity into account, according to reports from Acorn Macro Consulting. Powered By China’s growth, the group now contributes 31.5% to...
Hong Kong-Based Fund Set to Raise $100 Million for Web3 Startups Amid City's Crypto Revamp
30.3.2023
A new Hong Kong-based fund is set to raise $100 million to invest in crypto companies as the city is accelerating toward its goal of becoming a global crypto hub with a more friendly regulatory stance.
The ProDigital Future Fund has already secured $30 million in commitments from major Asian...
Ethereum devs set date for Shapella fork and mainnet announcement
30.3.2023
Ethereum Foundation’s support team has published an official blog post to announce a major update for Shapella. The 157th AllCoreDevs Execution Layer meeting was held recently, and it has been decided that the mainnet update will go live on April 12, 2023, at 22:27:35 UTC. That is when the epoch...
Electi Consulting & VeChain set up ETH tools to boost Web3 adoption
29.3.2023
Electi Consulting, which happens to be a leader in technology consultancy, together with Vechain, happens to be setting up some of Ethereum’s most effective tools, along with carrying out rearrangements of Vechain’s developer documentation. Vechain, on the other hand, happens to be working...
Bitcoin is Set to Disrupt Africa's $85 Billion Financial System – Here's What You Need to Know
27.3.2023
Bitcoin (BTC) is on its way to become the currency of choice for moving money between African countries, a new CNBC report has revealed.
The wide-ranging report, authored by CNBC’s crypto reporter MacKenzie Sigalos, came three months after the conclusion of the inaugural Africa Bitcoin Conference...
Japan Set to Ask G7 & G20 to Bolster Crypto Regulation – And Not For the First Time
27.3.2023
Japan is set to make another attempt to convince G7 and G20 leaders to adopt streamlined crypto regulations.
Per Kyodo News, the Japanese government is set to take advantage of the fact that it will host a G7 summit in Hiroshima this May. Host nations are allowed to add items to the summit’s...
Report: Regulations Governing Tokenized Deposits and Crypto Assets in South Africa Set to Effect in January 2025
26.3.2023
Regulations governing tokenized deposits and crypto assets are likely to become effective on Jan. 1, 2025, a senior fintech analyst at the South African central bank has revealed. However, according to the analyst, regulators are still trying to understand or learn the risks that come with using...
Exclusive Interview: Tether Co-Founder Says FTX Collapse Set Industry Back, But This One Event Could Cause a 75% Crash
24.3.2023
When it comes to the world of cryptocurrency, few names are as well-known as William Quigley.
As the co-founder of Tether and CEO of WAX, he has played a pivotal role in shaping the industry and driving its growth.
Recently, Cryptonews had the opportunity to sit down with Mr. Quigley to discuss...
Digital Yuan Adoption Drives Now Focusing on Cross-border Pay – Are CBDCs Set to Take Over?
24.3.2023
A growing number of Chinese government city authorities, banks, and firms are looking to adopt the digital yuan as a payment tool – as the central bank digital currency (CBDC) rollout continues to intensify.
A number of similar measures in recent months suggest that Beijing is looking to build...
April 2023 crypto watch: Orbeon Protocol, Litecoin, and Fantom set to thrive
24.3.2023
As we enter April 2023, the cryptocurrency market continues to evolve, with emerging and established projects vying for attention. Among the promising contenders, Litecoin (LTC) and Fantom (FTM) are poised for significant growth, showcasing their potential in the ever-changing crypto landscape....
Sushi DAO to Set up Defense Legal Defense Fund; Project Receives Unspecified US SEC Subpoena
23.3.2023
Sushi, the Web3 exchange that pivoted into a decentralized autonomous organization (DAO), is seeking to organize a legal defense fund. If approved, the proposal, which already is available for voting, will put $3 million USDT as part of a fund to defend itself from legal actions against...
Crypto Ads in Belgium to Feature ‘Punchy Warning’ of Risks, New Rules Imply
21.3.2023
The financial regulatory body of Belgium has been tasked by the government to regulate advertisements for cryptocurrencies. New rules, set to enter into force in May, oblige advertisers to clearly warn investors of the risks associated with the digital assets. Belgium Poised to Protect Consumers...
Nautilus is all set to deploy a parallelized zk-EVM
21.3.2023
Nautilus announced a collaboration with Eclipse to launch a high-throughput chain. The emphasis will be on enabling payment as a built-in feature. Nautilus and Eclipse intend to fuel projects with the potential to serve customers in DeFi-related categories. Both partners contribute essential...
Taiwan’s Financial Supervisory Commission Set to Regulate Country’s Virtual Assets Industry
21.3.2023
Taiwan’s Financial Supervisory Commission is set to be announced as the body that will oversee and regulate the virtual asset industry. According to a report, the collapse of crypto exchanges like FTX prompted Taiwanese officials to seek ways of protecting users against similar events should...
Revolutionary DeFi Protocol IPOR to Be Listed on Bitget on Mar 22nd, 2023
20.3.2023
PRESS RELEASE. Victoria, Seychelles, 20th March, 2023 – Bitget, the largest crypto copy trading platform, has announced the upcoming listing of IPOR in its Innovation Zone of the spot market. The deposit services for digital assets will be available from 7 AM on March 22nd, 2023 (UTC), with...
Cryptocurrency Market Set for More Upside After Bank Problems: Bernstein
20.3.2023
The current environment is the perfect setting for the decentralized financial system to stand out as an alternative to traditional banking, the report said
Diversified set of guardians required for safe self-custody: Vitalik Buterin
18.3.2023
In a Reddit post, Buterin emphasized that having too much of a concentrated grasp of your self-custody wallets can be a bad thing if you get “hacked, coerced, or incapacitated or die.”
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
AI set to benefit from blockchain-based data infrastructure
17.3.2023
Several data infrastructure and intelligence use cases take a decentralized approach to provide AI functionalities
South Korean Crypto Exchanges Set to Renew Banking Deals
17.3.2023
South Korea’s leading crypto exchanges are ready to renew their banking deals – in a sign that relations between the “big four” trading platforms and the traditional financial sector remain strong.
Per Business Post, Bithumb is close to sealing an agreement with NongHyup Bank (NH Bank)....