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28 Indian Crypto Platforms Register With Country’s Anti-Money Laundering Department
4.12.2023
Source: Pixabay 28 Indian crypto platforms have registered with the Financial Intelligence Unit, the country’s Minister of State for Finance said. In response to queries in the Lok Sabha, the lower house of India’s bicameral Parliament, Indian Minister of State for Finance Pankaj Chaudhary told...
Osmosis and UX Chain Announce Merger, Set to Jointly Launch Cosmos-based DeFi Hub
4.12.2023
Source: Pixabay Osmosis and UX Chain are preparing to merge in a move that seeks to create a comprehensive DeFi hub. Subject to approval, the merger would result in the fusion of lending protocol UX Chain’s lending logic and algorithms with Osmosis’ decentralized exchange, the largest DEX...
Coinbase CEO Alleges Bitcoin May Be the “Key to Extending Western Civilization”
4.12.2023
Coinbase CEO Brian Armstrong claims Bitcoin “may be the key to extending Western Civilization,” according to a series of posts made from his X account Sunday night. “An antidote to inflation” “The natural trend of whichever country has the reserve currency is to inflate the money supply...
Crypto.com Gains Key UK Regulatory Approval as Electronic Money Institution
4.12.2023
Cypto.com regulatory approval in the UK sets the stage for the company to offer additional financial services. Image by Timon, Adobe Stock. Today, cryptocurrency platform Crypto.com gained key regulatory approval in the United Kingdom. The company announced in a press release that it has been...
South Africa’s Financial Regulator to Assess 36 Crypto Firms Seeking Licenses in December
4.12.2023
Source: Pexels South Africa’s financial regulator, the Financial Sector Conduct Authority (FSCA) is set to review the applications to 36 cryptocurrency companies seeking operational licenses in the country this month. According to a report published by local media sources, the regulator will...
Shopify COO: Expect Surprising Progress in Our Crypto Implementation
4.12.2023
Source: Adobe / boumenjapet People will be surprised by the fast progress being made with crypto implementations at e-commerce platform Shopify, according to a senior executive at the company. Writing on social media platform X on Sunday, Kaz Najatian, Vice President of Product and Chief Operating...
Polygon PoS Now Supported By Amazon Managed Blockchain Access
4.12.2023
Source: AdobeStock / gguy Amazon Managed Blockchain (AMB) Access now supports the Polygon proof-of-stake (PoS) mainnet and the Mumbai testnet in public preview. AMB is a fully managed service that provides access to public and private blockchains. Polygon is a scaling solution leveraging...
DWF Labs successfully introduces two validator nodes
4.12.2023
DWF Labs, a leading organization in the digital asset market-making industry, has released two validator nodes in accordance with its commitment to the Telegram Open Network (TON) Blockchain. DWF Labs expresses its strong belief in TON through these authenticator nodes, supporting...
Standard Chartered Zodia Integrates Ripple-Owned Metaco’s Crypto Safekeeping
4.12.2023
Source: Adobe Standard Chartered Bank-backed digital assets custodian Zodia Custody, has integrated Metaco network’s global crypto storage services. The strategic partnership is aimed at offering global sub-custody services for cryptocurrencies. This means that Metaco would store client’s funds...
This Supreme Court Case and IRS Broker Rule Together Could Redefine Crypto Taxation
4.12.2023
Source: DALL·E A critical Supreme Court case and its ruling could redefine the taxation of digital assets. Intersecting with the vexed IRS broker rule announced earlier, this case may potentially reshape crypto tax reporting and compliance on a fundamental level. The case in question, Moore...
Hacker Drains Over $2 Million from Safe Wallet- What’s Going On?
4.12.2023
Source: Pixabay A malicious actor has stolen over $2 million from Safe Wallet users in the past week through address poisoning theft raising the total victim count to 21. Several blockchain security firms have tracked suspected activity from different transactions resulting in losses from Safe...
KuCoin Ventures Release $20K Grant to Build TON-Based Mini-Apps
2.12.2023
Source: AdobeStock KuCoin Ventures, the investment arm of crypto exchange KuCoin, has pledged a grant of $20,000 to the Open Network (TON) blockchain platform. KuCoin Ventures to Provide $20K Grant to TON Ecosystem – The investment arm of crypto exchange KuCoin will provide a $20,000 grant...
VIP Binance Traders Reportedly Heard of DOJ Settlement in September
1.12.2023
A number of Binance’s top traders were given exclusive details regarding the crypto exchange’s yet-to-be-announced settlement deal with the U.S. Department of Justice in September, according to a new report. An exclusive dinner According to the report published by Bloomberg, a number of Binance’s...
Forkast Cuts Majority of Editorial Staff After CryptoSlam Merger
1.12.2023
Source: Pixabay Forkast Labs has laid off a majority of its editorial staff after completing a merger with data provider CryptoSlam. According to sources cited by The Block, the crypto news site underwent a series of layoffs throughout the year, leading to the eventual decision to suspend editorial...
Solomon Islands and Soramitsu Unveil Partnership To Launch CBDC Pilot
1.12.2023
Source: Pixabay The Central Bank of Solomon Islands has revealed a partnership with Japanese blockchain Soramitsu to launch a proof-of-concept for a CBDC named Bokolo Cash. In a Keynote speech on Tuesday, Solomon Islands Prime Minister Manasseh Sogavare said his country was embarking on the CBDC...
New Details Emerge about SBF’s Life in Prison
1.12.2023
A former inmate at the Brooklyn Metropolitan Detention Center has revealed details of Bankman-Fried’s life in prison leading up to his landmark fraud trial. SBF “extorted” Talking to crypto content creator, Tiffany Fong, former inmate Gene Borello claimed the FTX founder was at...
IRS Deals Devastating Blow to FTX With $24 Billion Tax Claim, Crypto Exchange Pushes Back
1.12.2023
FTX has challenged the potentially fatal tax claims levied by the IRS last month for $24 billion. Image by Michael O’Keene, Adobe Stock. According to a November 30 filing by FTX debtors, the IRS tax claims of $24 billion filed in early November are “completely unsubstantiated”...
Talos and Uniswap Forge Landmark Deal to Boost DeFi Access for Institutions – Adoption on the Rise?
1.12.2023
Talos – a digital trading infrastructure provider – has teamed up with Uniswap and Fireblocks to connect institutional traders to the decentralized finance (DeFi) ecosystem. Per a press release from Uniswap on Thursday, Talos’s clients will be able to use the protocol’s trading APIs to access...
Terraform and Do Kwon’s Attempt to Dismiss Class-action Lawsuit Fails: Report
1.12.2023
Source: YouTube/Coinage Defunct blockchain protocol Terraform Labs is currently fighting legal challenges in Singapore and appears to be facing setbacks. According to a local news outlet, the creators of the algorithmic stablecoin TerraUST and its founder, Do Kwon, have had their efforts...
Illuvium Joins Blockchain Gaming Partnership With Esports Powerhouse Team Liquid + More News
1.12.2023
Source: Illuvium Get your daily, bite-sized digest of crypto and blockchain-related news – investigating the stories flying under the radar of today’s news. In this edition: Illuvium Partners With Global Esports Powerhouse Team Liquid Nansen Unveils Nansen 2, AI-Powered Features, and Investment...