Regulators in the state of California have ordered Coinbase to stop offering its crypto staking services in the state. The Department of Financial Protection and Innovation on Tuesday ordered the top US cryptocurrency exchange to ‘desist and refrain’. The department stated that Coinbase has…
On June 6, London’s leading cryptocurrency storage provider, Zodiac Custody, signed a partnership agreement with the blockchain firm Blockdaemon. Under the partnership agreement, Zodia and Blockdaemon agreed to invest in developing crypto-staking services that meet the ever-changing needs of institutional investors. Zodia…
Top crypto exchange OKX has partnered with Komainu Connect, a collateral management platform to secure assets of institutional investors. Komainu Connect will give OKX’s institutional customers access to secure, around-the-clock trading of segregated assets under custody. The arrangement will also increase the…
Metropolitan Museum of Art (Met), the world’s largest museum, has announced plans to return $550,000 to the Bahamian crypto exchange FTX. Before the collapse of FTX, the Met group received a substantial donations from the crypto exchange. According to the court, FTX…
A recent update issued by Neal Stephenson founder of Lamina 1 reveals that the firm will work closely with best-performing tech companies to launch an open metaverse. The report stated that Lamina 1 team would hire professionals from HTC, Mira and Qualcomm…
Leading crypto trading platform Crypto.com has obtained a Payment Institution (MPI) License from the Monetary Authority of Singapore. In a blog post on 1 June, the exchange said the license is for Digital Payment Token (DPT) services. Crypto.com will now continue to…
The Massachusetts-based crypto payment company Circle updated the Twitter community on June 1, plans to launch an itself-own stablecoin pegged to the US dollar USDC.e. The tweet revealed the Circle’s stablecoin would be centred on the Arbitrum network. A subsequent tweet from…
Leading crypto exchange Binance has suspended Australian Dollar (AUD) deposit and withdrawals via bank transfer. This is coming in the midst of issues with the exchange’s banking partner responsible for processing such transactions. The partner has given Binance users in Australia up…
An official update issued by the M80, the prominent gaming company, on May 31, confirmed to raise $3 million in a seed funding round. The M80 team announced that the funding round was led by the ExpertDojo team in partnership with VT…
The award-winning film producer Jordan Bayne announced on Monday that Web3 and blockchain technologies provide the artist with a platform to engage their audience. Bayne stated that by adopting crypto technologies, the artist manages to cope with the dynamism in the cinema…
The top crypto payment platform Ripple has experienced a massive increase in activity on the network. On-chain data from Santiment shows that XRP wallet address activity has reached it’s second and third-highest levels in the last few days. Specifically, the network recorded…
On May 29, the Russian government announced plans to abandon launching the national crypto exchange. The Russian regulators plan to supervise the crypto exchanges in the coming days completely. In November 2022, the Russian regulatory agencies issued a proposal describing the need…
Top crypto exchange Gemini has teamed up with bankrupt digital asset lender Genesis Global Capital to challenge a Securities and Exchange Commission (SEC) case against the exchange’s earn program. The SEC had in January this year filed a lawsuit against the two…
Andreessen Horowitz (A16z), the fast-growing venture capital firm, has rolled out a unique solidity library dubbed “Cicada.” The newly launched library enables the community to engage in anonymous voting completed on the Ethereum network. The team behind the Solidity library has integrated…
Binance, the largest crypto exchange by daily trading volume, penned a partnership agreement with Gulf Innova Co, Ltd to expand to Thailand. The announcement conveyed by Binance on May 26 revealed that the crypto exchange received the Thai digital asset operator permit…
An official publication by the Brooklyn-based blockchain firm Ava Labs revealed that the blockchain firm has successfully launched AvaCloud, a web3 launchpad. The post mentioned that the AvaCloud technology aims at supporting firms to create “no-code,” which will be controlled by blockchain…
In a recent announcement Dan Berkovitz, the former Commodities Futures Trading Commission Commissioner (CFTC), stated that Ether (ETH) could be grouped as a security and commodity. Commissioner Berkovitz stated that two regulatory agencies could regulate ETH. In an interview with Laura Shin…
A recent report from the Seychelles-based crypto exchange OKX revealed that the firm is seeking to acquire the Digital Asset Service Provider (DASP) permit to pursue the French market. According to the OKX report, the firm plans to establish its regional hub…
Openfort, a crypto infrastructure company, announced on Monday to successfully generated $3 million in a seed funding round. The company plans to redirect the resources to create a “wallet-as-a-service” product designed for Web3 gaming. In its advanced announcement, Openfort revealed that Gumi…
On May 21, the co-founder of Ethereum, Vitalik Buterin, shared an official publication highlighting the benefits of maintaining Ethereum consensus at its minimalism. Buterin’s post mentioned the potential risk of overloading the Ethereum validators with unnecessary devices. In his blog post, Buterin…
