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Axelar partners with Microsoft for hybrid blockchain solutions
11.7.2023
Through the collaboration, Axelar will be the first cross-chain protocol to join Microsoft’s Azure marketplace
Cross-Chain Protocol Axelar to Develop Web3 Services With Microsoft Azure
11.7.2023
Axelar said further plans with Microsoft include connecting private and public blockchains that use OpenAI services to create Web3 products
Child-Focused Egyptian Fintech Startup Secures $1.5 Million in Funding
11.7.2023
Egyptian fintech startup Masroofi recently raised $1.5 million through an investment round supported by unnamed investors. The capital raise came shortly after Masroofi’s co-founders reportedly rejected a funding offer from investors in the “Shark Tank” program. Investors Drawn...
UK FCA shuts down 26 crypto ATMs following coordinated investigation
11.7.2023
The FCA — along with other law enforcement agencies — investigated 36 crypto ATM locations using powers under the Money Laundering Regulations 2017
Egypt Struggles With Skyrocketing Inflation and Depreciating Currency, While Bitcoin Nears Record High in the Country
11.7.2023
According to the Egyptian Statistics Bureau, Egypt’s annual inflation rate hit 36.8% in June, a staggering 33.7% increase from May’s inflation rate, breaking records. Egypt, the world’s 14th most populous country, grapples with soaring prices for goods and services across...
Twitch Streamers’ Best And Weirdest Unban Requests
10.7.2023
To succeed as a Twitch streamer, you need to have a robust community that’s hyper-engaged with your content. Huge streamers like Pokimane, xQc, and Hasan Piker obtained millions of devoted followers by cultivating their streams to feel like a destination you’d want to visit and hang around in—hence...
Latam Insights — Bolivia Calls for De-Dollarization, Reserve Drops Fiat Services
10.7.2023
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue, Bolivian President Luis Arce calls for de-dollarization at the Southern Common Market Summit, Reserve drops fiat services in Latam, and Argentina postpones...
Report: Crypto Industry Boasts 10,000 Companies and 190,000 Professionals With a Collective Valuation of $180 Billion
9.7.2023
A recent report released by K33 Research three days ago reveals that as of July 2023, the cryptocurrency industry boasts approximately 10,000 companies, employing an estimated 190,000 crypto professionals. Notably, K33 provides a comprehensive snapshot of the crypto landscape, highlighting that...
BarnBridge DAO calls halt to ‘all work’ on DeFi protocol amid SEC probe
7.7.2023
Some DAO members joked about the situation while others believed there may be an ulterior motive at play
Twitter Gains Money Transmitter Licenses in Three States, Takes Steps Towards Becoming an All-in-One ‘Everything App’
6.7.2023
Twitter made an announcement on July 5, revealing that it has been granted money transmitter licenses by three states: Missouri, Michigan, and New Hampshire. These licenses are a part of Twitter’s endeavor to secure money transmitter licenses in all 50 U.S. states. With these recent...
Report: South Africa Regulator Says Unlicensed Crypto Exchanges in 2024 May Be Closed Down
6.7.2023
According to the regulator of the South African financial services industry, cryptocurrency exchanges based in the country must secure operating licenses before the year ends. Crypto exchanges that fail to abide by the requirement will either be fined or closed down, Unathi Kamlana, the Financial...
Saxo Bank Ordered to Liquidate Its Portfolio of Crypto Assets by Danish Financial Regulator
6.7.2023
According to a July 4, 2023 press release from the Danish Financial Supervisory Authority, Denmark’s Saxo Bank has been instructed to liquidate its holdings of cryptocurrency assets. The financial regulator maintains that Saxo Bank’s portfolio of crypto assets falls “outside...
US reportedly plans to restrict China’s access to cloud computing services
5.7.2023
Report says sources close to the situation have said U.S. officials plan to restrict Chinese companies’ access to cloud computing services as a security measure
US Representative Warren Davidson: ‘CBDC Corrupts Money Into a Tool for Coercion’
5.7.2023
Warren Davidson, U.S. representative and part of the House Committee on Financial Services, has disregarded issuing a central bank digital currency (CBDC) in the country. Davidson explained that CBDCs corrupt money into a “tool for coercion” and detailed that there was no legal way...
Thailand Joins Singapore in Banning Crypto Lending Services
4.7.2023
Amid increased global scrutiny on crypto exchanges, Thailand joins Singapore among Southeast Asian countries to ban retail lending and staking services.
The Thai Securities and Exchanges Commission announced a ban stopping crypto exchanges from offering lending and staking services to retail...
Voyager Creditors Charged $5.1 Million for Legal Services Between March-May
4.7.2023
A crypto platform Voyager filed for bankruptcy a year ago, in July 2022, due to substantial losses caused by the bear market and the collapse of the Terra blockchain.
In the aftermath, the company’s creditors requested the return of their assets. However, the legal fees kept stacking, leading...
Latest Thai Securities Guidelines Require Digital Asset Platforms to Issue Crypto Trading Risk Warnings
4.7.2023
According to Thailand’s securities regulator, digital asset service providers will be required to warn prospective investors of the risks that come with trading or investing in cryptocurrencies. The guidelines also state that starting on Aug. 30, 2023, digital asset business operators will...
South Korea Passes Crypto Bill for User Protection
3.7.2023
The bill marks the country's first step towards a digital asset legal framework
Bitcoin’s Sats Names Ecosystem Flourishes: 370,000 SNS Names Inscribed
1.7.2023
On June 26, 2023, the number of Bitcoin-based Ordinal inscriptions surpassed 14 million, just six days after exceeding 13 million. Inscription activity has continued to rise since then. In addition to text, non-fungible tokens (NFTs), and fungible BRC20 tokens, Ordinal inscription technology...
Only Up! Pulled From Steam After Becoming A Twitch Sensation
1.7.2023
Only Up!, a not-so-endless runner that recently took off on Twitch, has been inexplicably removed from Steam with no warning, but there’s reason to believe it might’ve been removed due to a copyright dispute with an artist claiming the game uses one of their assets.Read more