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The world’s largest crypto exchange by trading volume Binance has withdrawn its initial application to Germany’s financial regulator BaFin.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…
As account abstraction technology continues to gain popularity in bringing more people to the Ethereum network Vitalik Buterin has a different view. The inventor of Ethereum shared some of the problems encountered when integrating the account abstraction technology into the blockchain network….
On Monday, the Securities and Exchange Commission (SEC) acknowledged the recipient of the spot Bitcoin exchange-traded fund (ETF) filing from Valkyrie, an investment management firm based in Nashville. The submission came days after the SEC accepted the application of Bitcoin ETF from…
The Financial Conduct Authority (FCA) in the UK has announced a fresh crackdown on social media promotion of financial products. According to a press release on Monday 17 July, the financial watchdog said it will focus primarily on the use of memes…
The famous decentralized blockchain oracle Chainlink has rolled out a Cross-Chain Interoperability Protocol (CCIP) on its mainnet. The pronouncement conveyed by the Chainlink group on July 17 illustrated that the CCIP aims to support the development of applications and other services on…
The Financial Stability Board (FSB) has finalized a global regulatory framework for cryptocurrencies that will ensure coordinated regulation of the crypto industry. The board in a press release on Monday 17 July said the framework will promote the comprehensiveness and international consistency…
