The crypto market has done very well in 2023, with Bitcoin bouncing back from under $30,000 to over $45,000. Altcoins like Solana have also gained well over 100% with a lot more room to go. This has raised hopes of investors, bringing…
The desire to dominate gaming has forced developers to leverage emerging technologies such as artificial intelligence (AI) to boost user experiences. In a January 1 report, Japanese gaming company Square Enix revealed a plan to use AI technologies to create new games…
With the recent development in the crypto industry, financial and investment experts have expressed optimism about the future of the best-performing digital assets such as Bitcoin. In a December 2 interview on CNBC Mad Money, the host of this program Jim Cramer…
In a Monday report, the South Korean cross-chain bridge Orbit was hit by a major cyber attack that resulted in the loss of a substantial amount. The Orbit team complained that the hackers gained unauthorized access to the cross-chain and drained approximately…
Non-fungible token (NFT) traders have increased the sale of their worthless tokens to offset capital gains on their taxes. As the December 31 deadline for selling such tokens approached, there was a sudden spike in the number of traders selling such tokens….
As China seeks to become a leading tech hub in the Asian region, the government has imposed measures to support the responsible use of emerging technologies. A review of the Chinese roadmap demonstrated that the country seeks to launch an artificial intelligence…
As Nigeria seeks to become a go-to destination for crypto firms, the regulator plans to create a friendly environment for digital assets. A few days ago, the Nigerian Central Bank (CBN) lifted the ban on bank involvement in crypto activities. The lifting…
DeFiance Capital, the California based crypto investment company has been hit by a major leadership shake up following the departure of the top level executive. Last week, the head of portfolio growth at DeFiance, Yeou Jie Goh, stepped down from his role….
The Pancakeswap community on Thursday voted to remove 300 million tokens from the maximum supply. This is in response to a proposal to remove the tokens and leave only 450 million tokens. The project posted a vote proposal asking for community members…
In a December 28 report, the prominent crypto exchange in Canada, Catalyx, indefinitely suspended withdrawals, depository services and all trading activities following a security breach incident. The discovery of the security breach forced Catalyx to take decisive actions to address the matter. …
India’s Financial Intelligence Unit has notified some exchanges of the need for compliance, saying they are operating illegally in the country. The agency named top global exchanges including Binance, Kucoin, Huobi, Kraken, Gate.io, Bittrex, Bitstamp, MEXC Global and Bitfinex among those not…
Following the uplifting of the ban on banks in Nigeria, the crypto community expressed their excitement about the new rules. In a December 23 publication, industry leaders who collaborated with the Central Bank of Nigeria (CBN) in revising the existing crypto regulation…
Bitcoin has been the leading crypto asset by market capitalization since the inception of crypto. It is also currently the largest by market cap, and price per unit, which is much larger than Ethereum, the second largest. However, an analyst, André Dragosch…
In a recent report, KyberSwap revealed plans to downsize following the multi-million dollar exploit that plunged the company into financial woes. The report demonstrated that the Singapore-based decentralized finance protocol will reduce 50% of the workforce to remain afloat. A statement from…
Head of the Hong Kong Monetary Authority (HKMA) Eddie Yue says stablecoins could bridge the gap between traditional finance and crypto. He made the statement following the joint release of a consultation paper today by HKMA, the Financial Services and the Treasury…
As Japan seeks to become a go-to destination for crypto firms, the regulators have agreed to loosen the regulation for digital assets. In a recent Cabinet meeting, policymakers agreed to remove the tax imposed on unrealized gains from crypto investments. An unrealized…
As the anticipation for a Bitcoin ETF approval in the U.S continues to grow, experts are eyeing Hong Kong as the next big destination for Bitcoin ETFs. This consideration is coming because of Hong Kong’s crypto-friendly stance, which started in November 2022…
The president of Turkey, Recep Tayyip Erdoğan, has appointed Professor Fatman Ozkul to the central bank board. Professor Ozkul’s appointment demonstrated Turkey’s commitment to tap into the benefits of crypto and blockchain technologies. In a December 22 report, President Erdogan confirmed Professor…
On Friday, the leading game developer in South Korea, Wemade, teamed up with Whampoa Digital to launch a $100 million Web3 fund. In the December 22 report, the two companies stated that the newly launched Web3 Fund will focus on the development…
As the crypto community awaits the resurfacing of the bulls in 2024, prominent analysts are still mulling over the possibility of approving the spot Bitcoin exchange-traded funds (ETF). In a December 23 X update, Bloomberg Intelligence Eric Balchunas regretted that the process…
