The desire to become the burgeoning Bitcoin hub in Central America has inspired El Salvador to explore ways to attract more foreign investment. In a December 7 update, the Salvadorian authority launched an “Adopting El Salvador Freedom Visa Program” to invite forward-thinking…
`The CEO of Grayscale Michael Sonnenshein has expressed optimism concerning the approval of a Bitcoin ETF following his interaction with the securities and exchange commission (SEC) on the matter.` The crypto community has been looking forward to a Bitcoin ETF approval, part…
In an official communication, the prominent Bitcoin-oriented marketplace Babylon generated $18 million in a Series A funding round. The successful fundraising was led by the leading investment company in San Francisco, Polychain Capital, in collaboration with Hack VC. Other participants included in…
A Democrat lawmaker and known crypto critic Maxine Waters has called for a session with the securities and exchange commission (SEC) for a group of lawmakers to take a closer look into crypto. Waters recommended the session with a view to seeing…
In an advanced communication, the largest digital bank by market value in Brazil, Nubank, sealed a partnership agreement with the prominent trading platform for institutional clients Talos. The two partners agreed to evaluate practical ways to reduce the cost of trading digital…
As the Israeli and Hamas conflict intensifies, the militant has embarked on a journey to explore effective mechanisms to suppress Palestinian activities. In an advanced communication, the Israeli Defense Force (IDF) revealed plans to launch AI-powered tools to support the military to…
A pro crypto member of congress, Rep Tom Emmer has fired back at the Treasury department for requesting more power over the crypto industry. The Republican lawmaker who sits on the House Financial Services Committee, criticized the U.S. Treasury Department for having…
In a recent publication, Australia’s Department of the Treasury revealed plans to levy new codes and business standards to address financial crime. The regulatory agencies formulated a consultation paper detailing the new approach for mitigating consumer and business scams. The report mirrors…
In advanced communication, the famous messaging protocol Wormhole raised approximately $225 million from a funding round led by the European investment company Brevan Howard. Other participants in the successful fundraising included Coinbase Ventures, ParaFi, Arrington Capital, Borderless Capital, and Jump Trading. The…
The U.S Treasury has requested the U.S congress has requested more authority to crack down on the crypto industry. The department sent recommendations to lawmakers, including the need for new sanction tools prepared remarks from Deputy Treasury Secretary Wally Adeyemo showed. “We…
In a November 28 update, the renowned Multi-party computation (MPC) wallet provider Fireblocks was debuting a new trading system, Off Exchange, for institutional clients. The Fireblocks team confirmed that the new trading platform will leverage emerging technologies to allow institutional customers to…
In the recent turn of events, the world’s largest crypto exchange by daily trading volume, Binance, has battled a series of legal charges due to non-compliance. The legal peril facing Binance and the recent multi-million settlement with the US regulatory agencies has…
In an advance communication, the prominent stablecoin issuer Circle sealed a partnership agreement with the Japan-based financial institution SBI Holdings to push for mainstream crypto adoption. The two partners agreed to combine forces to increase USDC and Web3 services adoption in Japan….
Top crypto trading and investing company eToro has secured an operational license from the United Arab Emirates (UAE) to operate in Abu Dhabi. The Abu Dhabi Financial Markets Authority (ADGM), on behalf of the country awarded the a Financial Services Permission (FSP)…
In readiness for the fourth Bitcoin halving, crypto firms are exploring ways to maximize their profits before April 2024, when the reward for mining BTC will be reduced by half. The attempt to solve the complex puzzle revolving around the upcoming Bitcoin…
As global regulators seek to provide comprehensive regulations for digital assets, most crypto exchanges have prioritized improving their compliance level to operate as regulated entities. On Friday, November 25, the prominent crypto exchange in Singapore, Zipmex, took strategic action to meet the…
The prominent lightning wallet provider Wallet of Satoshi (WoS) has suspended its services in the US. In an advanced communication, the WoS claimed to have removed its application from Apple and Google app catalogs, marking a dramatic exit from the US market….
With the changes in the financial ecosystem, tokenization has emerged as a developing trend seeking to redefine most industries. The astounding growth of the tokenization of assets has challenged investment managers in the United Kingdom to engage regulatory agencies in supporting the…
Another top crypto exchange, HTX has come under attack alongside the Heco Chain blockchain protocol. The attack resulted in the theft of $100 million in several different cryptocurrencies. Former CEO of Tron and long-time cryptocurrency entrepreneur and an investor in HTX Justin…
In an exciting turn of events, the team behind Photoshop Adobe System entered into a merger and acquisition deal with the Indian-based artificial intelligence company Rephrase.ai. The acquisition of Rephrase.ai aimed at enabling Adobe Systems to expand its AI capabilities. Adobe Acquires…
