Web3 digital wallet company Backpack has announced it is launching a crypto exchange backed by Dubai regulatory license. The new exchange has already obtained a VASP license from the Dubai Virtual Assets Regulatory Authority. Named Backpack exchange, the trading platform will enter…
The year has been mostly rough for the crypto market, and investors were already getting used to the status quo. However, Bitcoin made a comeback recently, rising close to $35,000 and taking the rest of the market with it. The comeback wasn’t…
In an advanced report, the policymakers in Marshall Island approved new legislation on crypto assets. The report demonstrated that the new law aims to strengthen existing laws on decentralized autonomous organizations (DAOs). At the initial rule-making process, the bill was formulated by…
The Monetary Authority of Singapore (MAS) has partnered regulators in Europe for better policy on the regulation of crypto assets. According to a press release today, Monday 30 October, the agency is partnering Financial Services Agency of Japan (FSA), the Swiss Financial…
The UK has finally released its policy for the regulation of fiat-backed stablecoins, marking a significant milestone in its effort towards crypto regulation. The release of this policy makes way for inclusion of these stablecoins in the UK payment chains. The new…
In an advanced announcement, Trezor, the leading crypto hardware wallet provider in Prague, has revealed plans to investigate a phishing campaign targeting its customers. The report demonstrated that Trezor users have been receiving phishing emails that lured them to download a suspicious…
In the past few days, the bulls have been active in the market. The resurgence of the bulls has triggered an uptrend among best-performing crypto assets. The bullish movement in the crypto industry has become a point of discussion among blockchain analytic…
A senior official of the Federal Reserve, Michael Barr says stablecoins need to be regulated. Barr stated this on Friday in prepared remarks while speaking at a conference in Washington D.C. Barr, who is the vice chair of supervision at the Fed,…
In an October 27 court hearing, the founder of the FTX, Sam Bankman Fried, revisited some of the plans he had for the now-defunct crypto exchange. Shortly after the launch of FTX, the crypto mogul planned to sell his venture to the…
Taiwan has proposed a bill for the regulation of crypto, which passed first reading at the parliament today Friday 27 October, reports say. The special law proposed by parliament member Chang Chiang and 16 other lawmakers would require all crypto platforms operating…
Lawmakers in the U.S have called on the Department of Justice to investigate crypto exchange Binance and issuer of USDT stablecoin, Tether to ascertain their involvement with terrorism. This call comes following the terrorist attack on Israel a few weeks ago. In…
In a recent turn of events, crypto assets have appeared as an effective conduit for transferring funds to support the Hamas militants. The shift to crypto terrorist financing has attracted the attention of global policymakers and regulators. On Wednesday, October 25, Sean…
Neon Machine, the team behind AAA extraction shooter Shrapnel, generated $20 million in a Series A funding round. In an October 25 update, the Seattle-based gaming company revealed that the investment will be utilized in revamping the Shrapnel game. With the progressive…
Coinbase has again filed for a dismissal of the securities and exchange commission (SEC)’s case against it. This is the second time the exchange has filed for a dismissal of the case. However this time, it says the SEC is out of…
The central bank of Brazil is on the verge of breaking new grounds in the issuance of its CBDC. The bank holds an ambition to issue a CBDC that has the characteristics of a typical distributed ledger technology and retains privacy. According…
In an official communication, Paul Brody, the head of blockchain at Ernst & Young (EY), observed the changes in demand for Bitcoin among institutional clients. Addressing the CNBC team on Monday, October 23, the executive stated that institutional clients have been reluctant…
Applied Digital, a Dallas-based crypto mining company, has dramatically intensified its Bitcoin mining output. On Friday, the Applied Digital team officially launched a new data center in Texas. According to the announcement, the new mining facility will generate 200 megawatts. The report…
On Friday, October 20, the California-based crypto game Upland raised $7 million in a Series A funding round. The EOS Network led the successful fundraising in collaboration with other crypto and blockchain firms, including Animoca Brands and C3 Venture Capital. EOS Leads…
The U.S. securities and exchange commission (SEC) has dropped its charges against Ripple’s top executives Brad Garlinghouse and Chris Larsen over whether they are liable in their involvement in illegal securities sales. In a filing on 19 October, the agency wrote to…
The chairman of the U.S. securities and exchange commission (SEC), Gary Gensler says his agency is working on multiple Bitcoin ETF applications. When asked on Wednesday about the ongoing review process for spot bitcoin ETFs, Gensler said “The staff is doing work…
