On Wednesday, a young crypto enthusiast revealed plans to embark on an exciting journey of climbing Mount Everest to plant an orange flag with the Bitcoin symbol. The 23-year-old Bitcoiner Dadvan Yousuf will ascend the highest mountain in the world to raise…
In its February 28 update, the famous crypto exchange in Hong Kong, Hashkey, secured a major payment license (MPI) in Singapore. The approval of the Hashkey license demonstrated the company’s commitment to comply with the regulatory requirements. News concerning the approval of…
In the world of decentralized finance (DeFi), bonding curves have emerged as a pivotal mechanism, leveraging the power of smart contracts and mathematical models to dynamically adjust a token’s price in accordance with its supply. This innovative approach circumvents the need for…
In its recent report, the prominent stablecoin issuer Circle entered into a strategic partnership with a metaverse-based gaming platform, Overdare. The partnership aims to enable Circle to expand the use case of USDC in the gaming sector. For months, the Overdare team…
In an official announcement, the Ministry of Industry and Information Technology in China cautioned investors about a fake digital yuan that has drawn public attention. The ministry stated that the fake central bank digital currency, commonly known as the digital yuan, resembles…
In an advanced announcement, the Ministry of Culture in the Kingdom of Saudi Arabia launched a metaverse project to support preserving the country’s cultural heritage. The newly launched Metaverse project will document every event that occurred in the history of Saudi Arabia. …
The growing popularity of Metamask has forced the firm to strengthen its security protocol to safeguard customers’ funds. In a February 20 report, the Metamask team said it would integrate additional security alerts across multiple chains. The strategic move aims to protect…
The rise of cyber attack incidents has posed a threat to the national security of most crypto-friendly states. The damages caused by cyber attacks forced giant tech firms to collaborate and address the issue. In a recent announcement, the team behind ChatGPT…
In an official communication, the Seychell-based crypto exchange FixedFloat suffered a malicious attack that impacted the loss of a substantial amount of funds. News concerning the hacking incident was disclosed by the renowned blockchain analytics firm BlockFence. After assessing the damages caused by the…
The increased adoption of crypto assets in Latin America has obliged the financial watchdog to take decisive steps to protect the traditional financial system. In an advanced communication the Honduras National Banking and Securities Commission (CNBS) imposed restrictive measures on the involvement…
On Thursday, the leading telecommunication company in Spain, Telefónica, entered into a strategic partnership with Chainlink to safeguard customers from financial losses. Lately, investors have suffered losses of substantial amounts to hackers and fraudulent schemes. The rise of crypto-related crimes has forced…
In its advanced communication, the San Francisco-based crypto firm Ripple entered into an acquisition deal with Standard Custody and Trust Company. The acquisition of Standard Custody & Trust Co. will enable Ripple to expand its geographic presence in the US. For years,…
On Wednesday, the financial intelligence unit (FIU) in South Korea lamented that crypto-related crimes have risen despite the regulators’ corrective steps. In the February 14 announcement, FIU noted a 49% increase in susceptible crypto transactions in 2023. Compared to 2022, FIU officials…
In an advanced communication, the famous crypto exchange OKX revealed plans to expand to Argentina. The OKX expansion to Argentina mirrors its ongoing efforts to broaden its market presence in Latin America. In late last year, the OKX team expanded its footprint…
On Sunday the self-proclaimed “world’s coolest dictator” Nayib Bukele announced his reelection as the president of El Salvador hours after the polls. In an X post, Bukele claimed to have won the election with 85% votes. The tweet demonstrated that if Bukele’s…
The rise of crypto-related crime has attracted the attention of global regulators, who have imposed corrective measures to shield the consumer from exploitative business activities. Despite the intense efforts to combat crypto crimes, criminals have advanced their skills and expertise to rob…
With the ongoing changes in the crypto ecosystem, global financial regulators have stepped up their game to address exploitative business activities. In an advanced report dated February 5, the Financial Services Commission (FSC) in South Korea shared a series of proposals that…
Tether (USDT), the first ever stablecoin, remains the biggest stablecoin, accounting for about 70% of the stablecoin market share. The stablecoin continues to grow still, as its popularity continues to soar among users, giving it increasing dominance over the market. Tether said…
Republican leadership in the House Financial Services Committee have demanded the review of a proposed rule by the Consumer Financial Protection Bureau over its impact on crypto. The house members say that the rule has an unclear impact on digital assets and…
The newly elected president of Argentina, Javier Milei, has taken strategic action to eliminate some unimportant regulations. Based on the current situation in Argentina, President Milei confirmed that he will focus on meaningful projects that benefit the country. In a recent publication…
