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…
In an official report, the team behind Claude AI Anthropic revealed plans to launch a $750 million funding round led by Menlo Ventures. The artificial intelligence development company anticipates that the multi-million investment would propel the firm’s value to reach $18 billion. …
In a recent report, the American-based advisory firm Teneo confirmed that assets totaling around $1.4 billion had been frozen linked to the now-defunct hedge fund Three Arrow Capital (3AC). The decisive action to freeze the multi-million dollar capital aimed at barring the…
Amboss Technologies, a Bitcoin Lightning Network payment solutions provider has launched Ghost Addresses that allow users to directly receive payment. This takes the control of crypto payments from the dominant custodial wallets on the Lightning network and gives control to individual users. …
Anti crypto senator Elizabeth Warren has come under attack for asking that stricter measures be employed in dealing with crypto. Top crypto players such as Coinbase CEO Brian Armstrong and others have reacted to her recent move to bring more oversight to…
As we approach the long-awaited Bitcoin halving, crypto miners have invested heavily in acquiring new infrastructures to maximize their profits post-halving. Marathon Digital has joined the slew of miners preparing for the 2024 Bitcoin halving. In a December 19 report, the Marathon…
In a strange turn of events, China, one of the countries with the strongest anti crypto rules, has announced it will boost non-fungible tokens (NFTs) and decentralized applications. This is part of China’s strategy to embrace blockchain technology, the technology upon which…
In an advanced report dated December 18, the prominent Bitcoin miner in Canada Hut 8 signed an interim agreement with Celsius creditors to establish a new mining site in Cedarvale, Texas. The bankrupt crypto lender Celsius Network has sought to attain its…
Second largest meme token by market capitalization Shiba Inu has partnered D3 in an effort to bring interoperable domains to web3. The partnership will see D3, a next-generation domain company assist SHIB to apply for the .shib TLD through ICANN during its…
American fintech giant and issuer of USDC, Circle has included Solana in its list of supported blockchains for its Euro-pegged stablecoin, EURC. This will allow EURC users the option to send and receive the stablecoin through the Solana network henceforth. By the…
An analyst from Bloomberg, James Seyffart says approval for a Bitcoin ETF in January has a high probability. The analyst stated this during a Scoop Podcast with he Block’s Frank Chaparro. Seyffart who is famous for his spot bitcoin ETF analysis and…
Top crypto exchange Coinbase has announced it will be challenging the decision of the securities and exchange commission (SEC) to deny the exchange’s new crypto rulemaking request. The exchange announced this through its chief legal officer Paul Grewal said Friday. Coinbase had…
As global leaders seek to promote financial inclusivity through the introduction of central bank digital currency (CBDC), Kazakhstan has joined the list of countries eying the implementation of the digital currency. In a recent report, the Kazakhstan authority was pleased to announce…
A recent report from the leading crypto manufacturer in Paris Ledger confirmed that hackers had launched a malicious attack. The incident was reported by a former employee who fell into the hacker’s trap after he clicked a phishing link. A review of…
