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…
Lawmakers in the U.S. have urged the chairman of the securities and exchange commission, Gary Gensler to immediately approve a Bitcoin spot exchange traded fund (ETF). The lawmakers including Reps. Mike Flood, R-Neb., Tom Emmer, R-Minn., Ritchie Torres, D-N.Y. and Wiley Nickel,…
American fintech giant, Circle has launched its new Euro-backed stablecoin, EURC on the Stellar blockchain. EURC was launched last year on Ethereum and then Avalanche in May this year. The stablecoin was launched as a way to bring more efficient and faster…
JPMorgan financial arm Chase Bank announced plans to impose restrictions on crypto transactions in the UK. In a blog post, the Chase bank team confirmed that from October 16, UK retail and institutional clients will be restricted from engaging in crypto transactions….
Leading crypto exchange Binance is working in partnership with Japan’s top bank, MUFG to study the issuance of a new stablecoin pegged to fiat currencies. The exchange in a statement on Tuesday said Binance Japan Inc. is conducting a joint study with…
On September 22, the chief executive of the Hong Kong Monetary Authority (HKMA), Eddie Yue, confirmed that the mBridge project expects significant development in the coming days. The CEO delivered his keynote speech at the 2023 Bund Summit in Shanghai China outlining…
Mixin Network, prominent blockchain protocol that addresses scalability concerns, has suffered loss of substantial assets after the hackers compromised its database. In a September 23 update, the Mixin team lamented that hackers launched a malicious attack on the protocol, draining assets worth…
As part of its strategy to enlighten investors about safe crypto firms to use, Hong Kong is releasing the list of crypto firms that applied for its newly launched retail crypto trading licenses. This new decision was informed by the JPEX’s incident…
Since 2022, the Terra Classic community has been pursuing ways to repeg its stablecoin USTC, which formed a bearish market structure. In a recent report, the Terra community suggested that the stablecoin issuer should cease minting digital assets. Also, the community urged…
In a recent X post (formerly Twitter), the chief executive of Coinbase, Brian Armstrong, opposed regulating the use case of artificial intelligence (AI) technology. Despite the inherent risk associated with the adoption of AI technologies, the CEO urged regulators to impose policies…
Coinbase has secured a registration with the Bank of Spain, the company said in a blog post on 22 September. The exchange’s registration recognizes it as a cryptocurrency exchange and custodian wallet provider with the Bank of Spain. Going forward, Coinbase will…
The Japanese Bitcoin exchange platform Mt. Gox has prolonged the deadline for repaying the creditors to next year. A letter penned by Nobuaki Kobayashi, the head of trustee, illustrated that the repayment period has been moved to October 31, 2024. The trustee…
Leading crypto exchange Binance on Thursday outlined the details of a consultation it had with the European Banking Authority regarding stablecoin-specific regulations in the European Union’s Markets in Crypto Assets (MiCA) legislation. One of the key areas of focus for the conversation…
Tether has taken a U-turn on its earlier decision to downsize its stablecoin loans. The company has resumed issuing USDT loans barely one year after it said it would stop its lending program. The Tether’s latest quarterly financial report shows that Tether…
Crypto payment gateway Alchemy Pay has secured a Money Transmitter License in Arkansas, the company said in a press release on Thursday 21 September. The license granted by the Arkansas Securities Department, empowers Alchemy Pay to enhance its operations within the United…
