On March 20, the International Monetary Fund (IMF) legislators issued a report on the impact of central bank digital currency (CBDC) on Islamic banks. The IMF official examined the CBDC and monetary policy’s relationship to understand its impact on Islamic banking. The…
The UK-based lending platform Euler Finance has been holding private meetings with the exploiters who stole $196 million. The March 16 flash loan attack prompted the Euler team to develop strategies to recover the stolen amount that has started to bear fruits….
The Monetary Authority of Singapore (MAS) regulators issued a press release on March 20 revealing plans to publish the final crypto and stablecoin consultation report. The MAS report revealed that the consultation report is expected to be posted by mid-2023. The proposed…
Stargate Foundation has been advised by FTX liquidators to avoid its DAO (Decentralized Autonomous Organization) from reissuing the STF token. Stargate Finance (STG) token is the native token of the Stargate Foundation. FTX liquidators believe that reissuing the STF token would cause…
Governor of South Dakota, Kristi Noem, has decided to take a stand against a CBDC bill that has rejected the status of cryptocurrencies as money. The bill postulates that only CBDCs that are issued by the Central Bank are going to be…
A report from the Financial Supervisory Commission of Taiwan (FSC) issued on March 20 revealed that the formulation of the crypto regulatory framework is at its preliminary stage. The report stated that the FSC is tasked to oversee the operation of Taiwan’s…
On March 20, members of the Australian Banking Association(ABA) issued a report on a study conducted to investigate the impact of Covid-19 and macroeconomic pressure on the cost of living in the region. The study aimed to support ABA groups and legislators…
Brave Browser has introduced some important innovations in recent years. The project has advertised to its clients by offering data privacy and more control over advertisement exposure. The users of this browser service can benefit from important features for cryptocurrency access, such…
The banking and financial sector in the USA is currently in a state of fear and uncertainty. The chain of unfortunate events started with the voluntary bankruptcy filing of Silvergate. This incident was shortly followed by Silicon Valley Bank, which was sealed…
On March 15, the crypto-friendly country El Salvador launched a Bitcoin training program to push the mainstream adoption of cryptocurrency. The training program aims at equipping developers with skills on Web3 and blockchain technologies. The Salvadoran government collaborated with the largest stablecoin…
On March 17, the Europe-based software development company Albacore updated the Twitter community on the unexpected entrance of Microsoft into the crypto world. The tweet revealed that the American-based software company Microsoft had developed a unique digital wallet centered on its Edge…
There is a lot at stake in the financial sector that is associated with the insolvency of SVB. One of the largest stablecoin entities in the cryptocurrency market, named Circle, has been reported to have major stakes reserved with SVB. Circle revealed…
The regulatory watchdog in the Netherlands issued a report on March 16 revealing plans to implement stricter policies when enacting the market in crypto asset laws (MiCA). The report was supported by the head of authority for the financial market (AFM) Laura…
Gaimin, Switzerland’s leading Web3 gaming developer, has activated a unique game launcher on its platform. A report from the Gaimin team dated March 16 revealed that the company would integrate a rewarding system to boost gaming interest. The team plans to launch…
The Beijing-based hackathon facilitator DoraHacks has signed a partnership agreement with Oraichain to push for the adoption of Layer 1 technologies for artificial intelligence (AI). The team plans to launch new projects to expedite blockchain-powered AI technology development. In the March 16…
The South Korean-based gaming company Wemade has sealed a partnership deal with Microsoft- backed Space and Time to expand its presence in the Web3 world. Wemade issued a report on March 15 disclosing the plans of the partnership. According to the report,…
The first federal chartered crypto financial provider Anchorage Digital has revealed plans to downsize the workforce. A report from the Anchorage management dated March 13 revealed that the firm would trim 20% of its workforce to survive the harsh macroeconomic impulses and…
The core developers at Hedera have confirmed that hackers have recently targeted several liquidity pools on its DEX platforms. The crypto entity is currently dealing with the theft of tokens taken from its native DEXs. According to the project engineers, hackers targeted…
The popular online fashion store DressX has announced to generate $15 million from a series A funding round closed in February. The fashion company launched the funding round to generate a substantial amount necessary for the company to restructure and expand its…
Silvergate Capital Corporation has decided to opt for voluntary liquidation of its crypto banking enterprise called Silvergate bank. This decision has once again aired concerns among crypto stakeholders regarding the stability of crypto enterprises. On the other hand, some crypto experts see…
