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Ethereum Upgrade to Implement Beacon Chain Withdrawals Scheduled for April 12
16.3.2023
During the Execution Layer Meeting streamed on March 16, 2023, Ethereum developers announced that the blockchain is scheduled to upgrade on April 12, in 27 days. The upgrade, known as the Shanghai-Capella upgrade or Shapella, will include the implementation of Beacon chain push withdrawals. This...
Shiba Inu Coin launches Shibarium Blockchain Beta – Avorak AI attracts SHIB holders
16.3.2023
Shiba Inu Coin, a meme coin with a Shiba Inu concept, seeks to establish itself as a legitimate project by launching its Blockchain network and dApp ecosystem. The developers behind Shiba Inu have announced the much-awaited beta version of Shibarium, a highly anticipated layer-2 scaling solution...
Report: US Government Auctions Off Failed Banks SVB and SNBY, Crypto Restrictions Apply
16.3.2023
The U.S. government and the Federal Deposit Insurance Corporation (FDIC) are auctioning off two failed American financial institutions, Silicon Valley Bank (SVB) and Signature Bank (SNBY), this week, with bids due by March 17. However, sources familiar with the matter said the qualifications...
Rumbles in the crypto world keep happening, especially with Solana & Binance – TMS Network works to protect investors
16.3.2023
The crypto world is filled with excitement and innovation, but unfortunately, it also attracts its fair share of scams and fraudulent activity. With the rise of cryptocurrencies like Solana (SOL) and Binance (BNB), protecting investors from potential risks is more important than ever. Fortunately...
Digital Assets Worth 2 Billion Rubles Issued in Russia in Less Than a Year
16.3.2023
Digital financial assets (DFAs) for a total exceeding $26 million have been issued in Russia in the past year. This new market has been developing since it was regulated in 2021 and the country’s monetary authority started licensing issuers in the following year. Volume of Digital Assets Increases...
India’s ED takes a $115.5 million dig at the crypto market
16.3.2023
The Enforcement Directorate of India has taken a step to seize $115.5 million in the crypto sphere under the speculation of money laundering cases. A few crypto ventures may have been spooked, but the measure ensures that the interests of investors and crypto platforms are safe at every step. As...
Shiba Wings: the first-ever crypto restaurant in Australia
16.3.2023
The most anticipated first-ever Crypto blended restaurant Shiba Wings is all set to launch in Australia on March 18th, 2023. It is the first and only dinner restaurant in Australia to accept cryptocurrency as payment. Australians are excited to witness the revolution they brought to the virtual...
Poloniex announces the launch of sub-account feature
16.3.2023
About Poloniex Established in 2014, Poloniex is a prominent and burgeoning international crypto exchange, which deals in the buying and selling of a broad range of well-known crypto assets, for example, Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), etc., for making the exchange of other...
RBI and the Central Bank of UAE sign an MoU to promote innovation
16.3.2023
RBI (Reserve Bank of India) and CBUAE (Central Bank of the United Arab Emirates) recently signed an MoU (Memorandum of Understanding.) The development will allow the central banks to promote better collaboration and innovation in the financial domain. According to the MoU, both financial...
The perfect purchases for a portfolio boost: Polygon (MATIC), Cosmos (ATOM) and Orbeon Protocol (ORBN)
16.3.2023
Investors seeking to boost their portfolio may consider adding Orbeon Protocol (ORBN), Polygon (MATIC), and Cosmos (ATOM) to their holdings. Orbeon Protocol (ORBN), in particular, has seen a 2093% price appreciation during its presale. These innovative blockchain platforms offer unique features...
Founder of Crypto Exchange Bitzlato Denies US Charges
16.3.2023
The founder of cryptocurrency exchange Bitzlato has denied guilt in a money laundering case in the United States. Anatoly Legkodymov was arrested in Miami, in mid-January, for his role in running the trading platform which allegedly processed over $700 million in illicit funds. Bitzlato Founder...
ChangeNOW expands in Hong Kong, pursues a SFC license in line with new regulations
16.3.2023
Amidst ambiguous regulatory environments that threaten the United States’ position as a crypto hub, Hong Kong may become a global nexus for digital assets. The Securities and Futures Commission (SFC) of Hong Kong has drafted rules for trading platforms that digital assets and is seeking...
FBI Says Crypto Investment Fraud Rose 183% to $2.57 Billion in 2022
16.3.2023
The Federal Bureau of Investigation (FBI) says cryptocurrency investment fraud rose 183% from $907 million in 2021 to $2.57 billion in 2022, based on data from its Internet Crime Complaint Center (IC3). The FBI also warned the public of “a spike in cryptocurrency investment schemes.”...
Crypto firms may turn to ‘shadow banks’ following major collapses — Molly White
15.3.2023
Speaking at the SXSW conference in Austin, Molly White compared crypto companies' current predicament to that in 2017 and 2018, when they had “trouble accessing banking”
Top 5 cryptos under $1 right now: DigiToads (TOADS), Algorand (ALGO), Cronos (CRO), Cardano (ADA), and Polygon (MATIC)
15.3.2023
As the crypto market booms and busts, there are always new opportunities for bargain seekers. For those looking for the best deals, here is a list of the top 5 cryptos under $1 right now: DigiToads (TOADS), Algorand (ALGO), Cronos (CRO), Cardano (ADA), Polygon (MATIC). Let’s look at these...
UK Treasury Budget Discusses Separate Reporting of Crypto Assets in Tax Documents
15.3.2023
Taxpayers in the United Kingdom will have to report cryptocurrency assets separately in their tax documents for the tax year 2024-25, according to the Exchequer’s recently published spring 2023 budget. New Criminal Offenses Planned by U.K. Government to Combat Tax Avoidance Amid the chaos...
Bitcoin Becomes 12th Largest Asset Worldwide by Valuation, Surpassing Visa
15.3.2023
After dropping below $26,000 per unit, the price of bitcoin, the leading digital asset by market capitalization, is still up 9.6% since last week. However, its price has decreased by 6.5% in the last 24 hours. Out of the 7,316 companies, crypto assets, precious metals, and exchange-traded funds...
British Bank Natwest Implements New Limits on Cryptocurrency Payments to Combat UK Crypto Scams
15.3.2023
On March 14, 2023, the U.K.-based bank Natwest Group announced new limits on cryptocurrency payments, citing crypto scams that cost U.K. consumers £329 million annually. The limit imposed on crypto exchanges is £1,000 daily ($1,215), with a 30-day limit of £5,000 ($6,077). Natwest’s Cautious...
Openai’s GPT-4 Launch Sparks Surge in AI-Centric Crypto Assets
15.3.2023
Following Openai’s release of GPT-4, a deep learning and artificial intelligence product, crypto assets focused on AI have spiked in value. The AGIX token of the Singularitynet project has risen 25.63% in the last 24 hours. Over the last seven days, four out of the top five AI-centric digital...
NEAR Protocol could benefit from Avorak AI chat assistant to onboard new users onto NEAR wallet
15.3.2023
The NEAR Protocol had a ‘near’ miss in June 2022, when a bug was found in the NEAR Wallet that caused the seed phrase to be accessible via email providers. Luckily this bug was fixed, and the crisis was averted before anyone found the potential exploit. How can NEAR Wallet be improved...