Turkish citizens are turning to cryprocurrencies amidst growing economic challenges. According to reports, more Turks are renewing their interest in crypto as the economy bites harder, especially as the Turkish Lira continues to lose value. Over the past years, the Turkish Lira…
A Hong Kong Lawmaker, Johnny NG has extended an invitation to digital currency exchanges around the world to come to the administrative region of China. Ng in a tweet invited crypto exchanges to apply for official trading platform status. “I hereby offer…
The popular crypto custody platform in Palo Alto BitGo, plans to acquire Prime Trust at an undisclosed price. A source privy to the matter revealed that the BitGo team has been seeking to close the Prime Trust acquisition deal. A person familiar…
Vitalik Buterin, the co-founder of the second largest crypto asset by market value, Ethereum, issued a synthesized roadmap for the technical transition of the network. In a blog post dated June 9, Buterin explained three fundamental aspects that would improve Ethereum scaling,…
Following the lawsuit by US Securities and Exchange Commission (SEC) against world’s largest crypto exchange Binance, there has been a huge outflow of assets from the exchange, a report by Cointelegraph says. Data shared by crypto analytic firm Nansen with Cointelegraph, reveals…
On Thursday, the Binance US team issued a report on suspending US dollar deposits. The Binance team stated that its banking partners are working on halting fiat dollar withdrawals as of June 13. From June 9, the Binance US team intends to…
The Financial Conduct Authority (FCA) in the UK has come up with new rules to guide crypto advertising in the country. The new rules place certain restrictions on crypto adverts targeting UK residents. Advertisers are also required to include a “cooling off…
Louis Vuitton, the famous luxurious fashion brand, announced on Tuesday plans to release a new series of non-fungible tokens (NFTs) dubbed “Treasure Trunks.” The fashion company stated that each NFT would be traded at $41712, equivalent to €39,000. The Louis Vuitton team…
Regulators in the state of California have ordered Coinbase to stop offering its crypto staking services in the state. The Department of Financial Protection and Innovation on Tuesday ordered the top US cryptocurrency exchange to ‘desist and refrain’. The department stated that Coinbase has…
On June 6, London’s leading cryptocurrency storage provider, Zodiac Custody, signed a partnership agreement with the blockchain firm Blockdaemon. Under the partnership agreement, Zodia and Blockdaemon agreed to invest in developing crypto-staking services that meet the ever-changing needs of institutional investors. Zodia…
Top crypto exchange OKX has partnered with Komainu Connect, a collateral management platform to secure assets of institutional investors. Komainu Connect will give OKX’s institutional customers access to secure, around-the-clock trading of segregated assets under custody. The arrangement will also increase the…
Metropolitan Museum of Art (Met), the world’s largest museum, has announced plans to return $550,000 to the Bahamian crypto exchange FTX. Before the collapse of FTX, the Met group received a substantial donations from the crypto exchange. According to the court, FTX…
A recent update issued by Neal Stephenson founder of Lamina 1 reveals that the firm will work closely with best-performing tech companies to launch an open metaverse. The report stated that Lamina 1 team would hire professionals from HTC, Mira and Qualcomm…
Leading crypto trading platform Crypto.com has obtained a Payment Institution (MPI) License from the Monetary Authority of Singapore. In a blog post on 1 June, the exchange said the license is for Digital Payment Token (DPT) services. Crypto.com will now continue to…
The Massachusetts-based crypto payment company Circle updated the Twitter community on June 1, plans to launch an itself-own stablecoin pegged to the US dollar USDC.e. The tweet revealed the Circle’s stablecoin would be centred on the Arbitrum network. A subsequent tweet from…
Leading crypto exchange Binance has suspended Australian Dollar (AUD) deposit and withdrawals via bank transfer. This is coming in the midst of issues with the exchange’s banking partner responsible for processing such transactions. The partner has given Binance users in Australia up…
An official update issued by the M80, the prominent gaming company, on May 31, confirmed to raise $3 million in a seed funding round. The M80 team announced that the funding round was led by the ExpertDojo team in partnership with VT…
The award-winning film producer Jordan Bayne announced on Monday that Web3 and blockchain technologies provide the artist with a platform to engage their audience. Bayne stated that by adopting crypto technologies, the artist manages to cope with the dynamism in the cinema…
The top crypto payment platform Ripple has experienced a massive increase in activity on the network. On-chain data from Santiment shows that XRP wallet address activity has reached it’s second and third-highest levels in the last few days. Specifically, the network recorded…
On May 29, the Russian government announced plans to abandon launching the national crypto exchange. The Russian regulators plan to supervise the crypto exchanges in the coming days completely. In November 2022, the Russian regulatory agencies issued a proposal describing the need…
