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FATF President Urges G7 to Lead in Shutting Down ‘Lawless Crypto Space’
19.5.2023
It is necessary to put an “end to the lawless crypto space,” according to the head of the Financial Action Task Force (FATF). G7 nations must set an example in implementing global standards on combating money laundering, the executive insisted, as little progress has been made in regards...
Singaporean family office to set up digital bank in Bahrain
18.5.2023
Whampoa Group started its digital asset arm in 2021 and has invested in a $500 million Binance Labs fund along with TikTok parent ByteDance
Expect Ripple Deal to Set Off Crypto Custodian M&A, Says Advisory Firm
18.5.2023
Ripple purchased custodian Metaco for $250 million, and regulatory and market conditions could lead to further deals, says Architect Partners
Brazilian President Lula Ends Fuel Price Peg to the US Dollar, Announces Wholesale Discounts
18.5.2023
Brazilian President Luiz Inacio ‘Lula’ da Silva has announced that state oil company Petrobras will not be using US dollar-based international prices to set its internal fuel pricing structure. The “Brazilianization” of the industry determines discounts for distributors...
MetaGate – International Metaverse Summit set to take place in Istanbul on September 2023
17.5.2023
Istanbul, Türkiye – EUMENA Events, a leading event consultancy and management specialist, is excited to announce the launch of MetaGate – International Metaverse Summit, a groundbreaking three-day business-focused hybrid summit scheduled to take place in Istanbul, Türkiye, on September 2023....
Bloomberg Analyst: Crypto Faced Its Own Set of Bank Runs Alongside the Wider Economy
16.5.2023
Despite being a disruptive force which pits itself in opposition to traditional finance, crypto has also witnessed its own series of bank runs, and some observers believe future runs of what some call 'crypto shadow banks' could become more destructive, according to Matt Levine, an opinion...
Optimism's major mainnet upgrade to Bedrock set for June 6
16.5.2023
The much needed upgrade will provide a number of improvements across the network, and come at a time when competition in the Layer 2 space has been heating up
Bitcoin Cash Achieves Milestone Upgrade, Unleashing Cashtokens’ Transformative Features
15.5.2023
On May 15, 2023, the Bitcoin Cash network achieved another annual milestone by seamlessly integrating four cutting-edge features into its consensus ruleset. At precisely 1:24 p.m. UTC on Monday, the eagerly anticipated upgrade went live, marking a significant leap forward for the peer-to-peer...
Hedge Fund Mogul Stanley Druckenmiller Warns of ‘Hard Landing’ for US Economy
15.5.2023
Billionaire hedge fund manager Stanley Druckenmiller has a dire prediction for the U.S. economy: a recession is looming, and it’s likely set to hit this June. Druckenmiller’s forecast comes as American consumer spending remains low, and is largely driven by credit card usage. Druckenmiller,...
Crypto Exchange QuadrigaCX Former Users Set to Receive 13% on the Dollar in Bankruptcy Proceedings
14.5.2023
Former users of now-bankrupt Canadian crypto exchange QuadrigaCX are set to receive 13% of their total claims.
According to a notice to creditors published late Friday by accounting giant Ernst & Young (EY), each creditor of the exchange will receive "13.094156% of their proven claim less the levy...
Ethereum Patch Set to Fix Transaction Finality Challenges After Second Bout Disrupts Network
13.5.2023
On Friday, Ethereum’s Beacon chain encountered yet another bout of transaction finality challenges, reminiscent of the glitch experienced on May 11, 2023. For over an hour, the blockchain stopped the process of finalizing blocks. However, Superphiz, an Ethereum developer, emphasized that...
Tether’s Market Cap Inches Towards All-Time High as Competitors Struggle With Redemptions
13.5.2023
Despite several U.S. dollar-pegged digital tokens experiencing notable redemptions in recent months, the largest stablecoin by market valuation, tether, is on the verge of achieving its highest-ever market capitalization. With a current value of $82.84 billion, tether is a mere $433 million shy...
QuadrigaCX creditors set to receive 13% of their claims as an ‘interim dividend’
13.5.2023
The creditors will receive a monetary equivalent of the value of their lost crypto assets as April 15 2019
Do Kwon Set To Be Released on Bail in Montenegro Travel Document Forgery Case
12.5.2023
Bail conditions restrict Kwon from leaving his apartment in the country as the trial continues
EMCO Network Unleashes Blockchain’s Potential for Precious Metal Industry and Financial Inclusion
11.5.2023
PRESS RELEASE. EMCO Network, a pioneering Defi project, is set to revolutionize the digital and financial landscapes by leveraging its unique blend of real-world experience in precious metals and artificial intelligence sectors. Addressing the challenges faced by users from low socio-economic...
BRICS Leaders Set to Discuss Common Currency to Challenge US Dollar Dominance in Upcoming Summit
11.5.2023
The BRICS nations are set to discuss the feasibility of a common currency at the upcoming leaders’ summit. “It’s a matter we must discuss and discuss properly,” a South African minister stressed, noting that a growing number of countries are saying: “Why can’t we trade in our own currencies?...
Canto Blockchain Set for Vote on Reduction in Liquidity Incentives, Block Rewards
8.5.2023
If passed, the mining incentives for each liquidity pool on Canto will be reduced on average by roughly 38%, and data-block rewards known as "security emissions" would decrease by 15%
‘Landmark’ Crypto Law Proposed in New York to Establish ‘Strongest and Most Comprehensive’ Crypto Regulations in US
8.5.2023
New York State Attorney General Letitia James has proposed “landmark” crypto legislation that claims to be “the strongest and most comprehensive set of regulations on cryptocurrency” in the United States. “Rampant fraud and dysfunction have become the hallmarks of cryptocurrency and it is time...
UK High Court Rules to Set Aside Interim Proprietary Injunction Against Binance
6.5.2023
A high court in the United Kingdom recently set aside a proprietary injunction that was issued against the crypto exchange Binance. In its application challenging the injunction, Binance said the action had been taken without notice. Binance also said it could not comply with the injunction since...
AltSignals, Bitcoin, and Ethereum set to grow in 2023
4.5.2023
The cryptocurrency market is finally showing signs of revival after the bleakness suffered across the board in 2022 as billions were wiped off the value of coins. Steady gains in an opening couple of months of 2023 are giving way to a wider hope that the next bull market is just over the horizon...