The world’s largest Web3 marketplace, OpenSea, has denied claims concerning the involvement of the former head of venture Kelvin Pawlak in the AnubisDAO rug pull that occurred in 2021. Recently, talks concerning the AnubisDAO rug pull that exposed non-fungible tokens (NFTs) investor…
Despite the pitched battle to provide regulatory clarity on digital assets, India has witnessed high adoption of crypto assets. CoinDCX, the leading crypto exchange in India, revealed plans to broaden its product offering. The crypto exchange plans to invest heavily in integrating…
J.P Morgan analysts say Ethereum’s increasing staking use is making the network more centralized. This is coming as the use of Ethereum for staking continues to grow following the Merge upgrade executed in September 2022. The Merge brought a proof-of-stake consensus mechanism…
Lawmakers in Taiwan intend to propose a crypto asset bill for first reading by the end of November. A member of Taiwan’s parliament, Yung-Chang Chiang in an interview with The Block said a dedicated crypto asset act is necessary to regulate crypto…
The Bank of Korea and the Financial Services Commission announced they will hold a trial run of its central bank digital currency (CBDC) among banks and other financial institutions. The two agencies in partnership with the Financial Supervisory Service (FSS) announced on…
In a recent report the government of Uzbekistan revealed plans to adopt restrictive measures in crypto mining. A bill on licensing crypto mining activities has been discussed in several Uzbekistan legislative bodies. In an exclusive interview with a local newsroom, the National…
The Canadian financial regulator, the Canadian Securities Administrators (CSA) has announced new guidance concerning the trading of stablecoins by crypto exchanges. The agency announced under its interim approach to the trading of stablecoins, that exchanges can trade stablecoins if they strictly adhere…
Top American crypto exchange Kraken has entered an agreement to acquire Netherlands based crypto broker Coin Meester B.V (BCM). The acquisition will strengthen Kraken’s presence in the Netherlands and allow BCM’s clients to benefit from Kraken’s extensive product offering, market-leading liquidity, superior…
Hong Kong financial watchdog, the Securities and Futures Commission (SFC) has joined forces with the Hong Kong police to track suspicious crypto activities in the region. This is coming as crime rate around cryptocurrencies continue to increase as more crypto companies rush…
As the long pursuit to find the best successor for President Alberto Fernadez nears the end, several Argentine candidates have voiced their opinions on the practical measures to hedge the biting inflation. Speaking at the first presidential debate held on Sunday, October…
As the crypto sector prepares to tap new opportunities in the upcoming Bitcoin halving, miners in Kazakhstan have expressed concerns on the limitations imposed by the government on crypto mining. In October 3 report the crypto miners advised President Kassym-Jomart Tokayev to…
Top crypto exchange Coinbase has secured a Major Payment Institution license in Singapore after securing an in-principle approval last year. The license granted by the The Monetary Authority of Singapore empowers Coinbase’s Singapore office to offer a wider range of Digital Payment…
The significant development in the crypto industry has revitalized the growth of the Ethereum ecosystem. The rich ecosystem has inspired the developers to build cutting-edge tools and establish best practices that will fuel the high adoption of the Ethereum network. In an…
As Brazil continues to witness a surge in crypto adoption, the regulators are taking strategic action to nurture the attractiveness of the digital sector. An official announcement by the Brazilian authority revealed that the government plans to roll out a blockchain-powered digital…
Arbitrum Foundation has entered a partnership with protocol studio Fracton Ventures to launch Arbitrum Japan. This is in a bid to boost Arbitrum’s presence in the country. According to a statement, the partnership with an undisclosed funding will also promote ecosystem development…
Enterprise-grade blockchain platform Fireblocks has announced its acquisition of smart contract development and consulting firm, BlockFold. BlockFold specializes in advanced tokenization projects for financial institutions. Through the acquisition, Fireblocks will be equipped with better tokenization abilities to offer clients a more complete…
In an advanced report, crypto exchange Gemini revealed plans to expand to India. The Gemini report indicated that the firm will invest approximately $24 million, equivalent to 2 billion rupees, in entering the vibrant Indian market. A review of Gemini’s expansion plan…
Foundry, the US-based crypto mining service provider, has shared a report on the amount of Bitcoin hash rates generated in the region. The report demonstrated that Texas leads other states in developing Bitcoin hash rates. Per Foundry report, Texas generates approximately 28.5%…
In an advance communication, the Bank of International Settlements (BIS) outlined the factors that will contribute to the adoption of the Central Bank Digital Currency (CBDC). The September 27 report illustrated the need to develop a legal framework that protects the user’s…
Chairman of the U.S. securities and exchange commission (SEC), Gary Gensler came under fire from the U.S. congress in a Wednesday hearing over his approach towards crypto regulation. Gensler faced several questions on the floor of the house, the major ones being…
