As the crypto industry is flourishing day by day, United Arab Emirates (UAE) is also expanding its interest in the crypto industry to attract crypto players around the globe. UAE has recently announced that they are all set to launch free zones…
Tezos Foundation has recently started a collaboration with Google Cloud, focusing on speeding up the advancement of Web3-based apps on its blockchain. As included in the latest collaboration, Google Cloud – the top search engine platform Google’s cloud division – has consented…
The Financial Stability Board (FSB), also known as the financial watchdog powered by the Bank for International Settlements, is attempting to broaden the international regulations focused on the decentralized finance sector. A report was issued by the FSB on the risks posed…
Brian Armstrong, the CEO of Coinbase, has said that the firm has heard rumours regarding the imposition of a prohibition on staking by the US SEC. The CEO noted in a post on his official Twitter account that the Securities and Exchange…
The UK Treasury and the Bank of England are committed to supporting the development of the country’s central bank digital currency. The respective currency is popularly known by the names “digital pound” or “Britcoin.” In 2021’s April, discussions were started related to…
Organizational investors and rich people are slightly reluctant about crypto adoption due to the bear market that dominated the whole of the 2022 year. However, in advance of the bear market of the previous year, the year 2021 witnessed a huge upsurge…
Moody’s Corporation, a prominent financial organization, is reportedly operating on a scoring system covering nearly 20 stablecoins. The respective project will be focused on evaluating the quality of the stablecoins’ reserves attestation, as reported by Bloomberg. The news outlet cited the person…
Pantera Capital, a prominent hedge fund in the crypto space, states that a significant role will be played by decentralized finance (DeFi) in the upcoming bull run. Joey Krug, the chief investment officer of Pantera commented on this in the exclusive newsletter…
The US Securities and Exchange Commission (SEC) halted Bitcoin advancement across the country with its enforced regulatory measures, as per the Grayscale Investments’ CEO. The Wall Street Journal recently published a letter in which the CEO remarked on the SEC’s role as…
Thani Al-Zeyoudi, the foreign trade minister of state in UAE, has stated that crypto can play a significant role in leveling up the worldwide trade of the United Arab Emirates. While talking to Bloomberg in Davos Switzerland, he provided his opinion on…
The North Korean hacker group named Lazarus Group has moved 41,000 ETH (nearly $63.9 billion) which was swindled from Harmony Bridge in an exploit in 2022. The hackers have sent the stolen funds to the crypto exchanges named Huobi, OKX, and Binance,…
The previous year had posed a lot of challenges to the crypto industry. They included liquidity issues, huge declines in top assets’ value, as well as a great number of bankruptcies. The market additionally went through several security threats with hackers stealing…
The Cabinet of the United Arab Emirates (UAE) has determined to approve an exclusive bill to administer virtual assets. The bill recommends the organization of the earliest regulatory era for the crypto world in the country. In advance of the federal-scale regulation,…
Crypto.com, a crypto wallet provider and exchange, has delisted Tether (the leading stablecoin) on its platform in Canada. The company recently sent an email to consumers living in Canada and notified them that it will not support the prominent stablecoin from the…
SuperRare, a marketplace for curated non-fungible tokens (NFTs), has minimized its employees by up to 30%, as stated by John Crain (its CEO) on Friday. This decision shows that the crypto winter is posing an extreme impact on the industry as several…
The TON Foundation, which is considered to be a non-commercial set of people contributing at the back of the blockchain called The Open Network (TON), has released TON Storage. The project is a decentralized solution for data storage and file sharing analogous…
Though the markets are presently going through a hard correction, retailers who intend to embrace crypto payments are increasing in number. Subsequently, a steady rise is being witnessed in the overall volume of crypto buyouts carried out online in the sector of…
Crypto has gained a lot of fame across the globe in recent times. Countries around the world, whether small or large, are endeavoring to adopt crypto and blockchain technologies into the economy to get spread digitalization worldwide. Many central banks are pursuing…
Midas, a custodial investment company, will shut down its activities due to a shortfall of up to $63.3M in its DeFi portfolio. Iakov Levin (the CEO and founder of Midas), who is also famous by the name “Trevor,” stated noted that the…
Sam Bankman-Fried (SBF), the founder of FTX, has been provided free advice by Martin Shkreli (a white-collar criminal in the past going by the name “Pharma Bro”) to survive in federal prison. Shkreli spent nearly 4 years in prison for securities fraud…
