The crypto market has seen some upsides this year, but it has mostly been bearish. Bitcoin crashed to $15,000 in January, reaching the lowest level since the 2021 all-time high of over $60,000. This has made investors have mixed feelings on the…
In a recent update, the German regulators joined forces with France to probe the operation of Worldcoin. In an email statement, the French privacy regulators CNIL expressed concern about the controversial project led by the co-founder of OpenAI, Sam Altman. Worldcoin was…
In a blog post, the team behind Shibarium, an Ethereum-focused layer 2 network, announced the launching of the testnet bridge. The launch aimed to support users to transfer their tokens between Shiba Inu and Ethereum blockchain network. According to Shibarium developers, the…
The crypto market has been down the last few days, with Bitcoin leading the drop as usual. Bitcoin recently crashed under $30,000 for the first time in four months. This resulted in the general market experiencing a downward trend that has persisted…
Phoenix Technology, the prominent crypto mining hardware retailer, confirmed plans to hold talks on an initial public offering (IPO) in the United Arab Emirates (UAE). An IPO offering involves selling privately owned shares to retail and institutional clients. According to two people…
The Saudi Central Bank (SAMA) and the Hong Kong Monetary Authority (HKMA) have signed a memorandum of understanding (MoU) today to strengthen collaboration between the financial services sectors in the two jurisdictions. The MoU was signed during a bilateral meeting held in…
In an advanced report, the fast-growing fintech company in Poland, Ramp Network, opened shop in Brazil to meet the ever-changing needs of Latin America. The announcement revealed that the fintech company would introduce its revolutionary technologies, such as a software development kit…
Telegram bots are a popular way to trade cryptocurrencies on decentralized exchanges, even for beginners. However, there may be danger in the use of these bots in crypto trading. According to experts, Telegram bots have hidden security vulnerabilities that make them risky…
Democrats in the U.S. House of Representatives have kicked against a bill to overhaul how financial laws treat crypto assets. According to the lawmakers, the bill is overly friendly towards crypto. Speaking on the proposed bill, Rep. Maxine Waters, the top Democrat…
The world’s largest crypto exchange by trading volume Binance has withdrawn its initial application to Germany’s financial regulator BaFin. The exchange says it took the decision considering the tough regulatory struggle the crypto industry is facing. Binance had embarked on an expansion…
The Namibian government has greenlighted the Namibia Virtual Assets Act of 2023 bill into law. The bill was enforced into law on July 14 after President Hage Geingob issued his final assent. Consecutively the bill has undergone various legislative processes before the…
The Republic of Palau has launched a stablecoin, Palau Stablecoin (PSC) in collaboration with Ripple. The Director of Palau’s Digital Residency Program and a member of Palau’s Ministry of Finance, Jay Hunter Anson made the announcement on Twitter. According to Anson, the…
Connext, the leading cross-chain bridging platform in Oakland, California, has rolled out a new token dubbed “xERC-20” to address any cyber-related crime, such as malicious attacks on bridges. An announcement conveyed by Connext on July 24 outlines the features of the “xERC-20”…
The long awaited Worldcoin from the CEO of OpenAI Sam Altman was finally released today. Many top crypto exchanges have already listed the new cryptocurrency, making the price soar to 90%. However Ethereum Co-founder Vitalik Buterin has some reservations concerning the new…
An official publication issued by the government of Russia revealed that President Vladimir Putin had green-lighted the bill on central bank digital currency (CBDC). The report illustrated that President Putin signed the bill into law on Monday, July 24. The presidential assent…
As Ripple triumphs over the partial win against the US Securities and Exchange Commission (SEC), the payment network plans to expand to the UK. In an exclusive interview with the DL News, Ripple’s managing director, Sendi Young, confirmed that the payment company…
Chainlink co-founder Sergey Nazarov says the company’s CCIP Protocol can potentially attract trillions of dollars from banks into the crypto industry. Speaking during an an interview at ethCC, he said the protocol is designed to do more than just connect public blockchains….
Cloudax, an innovative technology-driven ecosystem built for wholesome content creators and communities is launching a crypto peer-to-peer P2P) trading platform in Nigeria. The company is launching both a website and app for the platform at once. According to reports, the aim is…
Binance venture capital arm Binance Labs announced on Thursday, July 20, plans to invest $10 million in Radiant Capital. The announcement revealed that Binance Labs plans to support lending and borrowing services on the Radiant platform. The investment will be utilized in…
In an advanced report issued by the Bank of Russia, the market regulators confirmed that the testing for the central bank digital currency (CBDC), commonly known as the digital ruble, might start soon. On July 18, the regulators presented the bill before…
