A letter has been sent by Infrawatch PH – a native think tank within the Philippines – to the country’s Department of Trade and Industry (DTI), persuading the government organization to initiate an inquiry on Binance (counted among the top crypto exchanges…
Fairfax, a county in Virginia, has started investing a part of its allotment of up to $35M into a VanEck-based global asset managers’ fund for lending crypto. The company declared that the earliest tranche of Fairfax County’s (which endeavors to specify funds…
The rapidly progressing firm of Mark Zuckerburg, Meta, has determined to put a stop to the crypto project thereof which has been mostly causing disappointment. The digital wallet of Meta, Novi, will officially be closed on the 1st of the coming September,…
FTX US has signed an agreement with BlockFi to provide the exchange of crypto derivatives the option to buy the lending company. In a Twitter thread shared by BlockFi on Friday, Zac Prince (the CEO of the platform) stated that the crypto…
KPMG, considered to be among the top 4 accounting companies operating within Canada as well as the U.S., has disclosed introducing its initial metaverse collaboration center to assist its consumers and employees in pursuing advancement opportunities within the digital zone. The platform…
The National Hockey League (NHL) and a non-fungible token (NFT) venue called Sweet declared a multi-year collaboration contract recently. With this move, the marketplace of NFTs will come to the League. According to a statement, NHLAA, NHLPA, and NHL formally nominated Sweet…
A leading analytics firm for dApps (decentralized applications), DappRadar, published a market report on July 5. The report indicated that blockchain gaming and NFTs ecosystems offered a silver lining during the previous quarter regardless of the harsh cryptocurrency winter that plagued the…
The US-based crypto brokerage Voyager Digital is among the firms to face liquidation because of 3AC’s (Three Arrows Capital) demise. The firm’s June 22 press release revealed its 3AC investment exposure comprised 15,250 $BTC ad $350M USDC. The later press release (dated…
Bitcoin has ended July’s first week with an impressive upswing as enhanced market conditions catalyzed increased accumulation. The bullish moves led to a substantial upsurge that propelled the bellwether crypto beyond $22K early on July 6. Moreover, Bitcoin climbed to the $22,527…
With the launch of the smartphone “Saga,” the Solana group has stepped ahead to incorporate Web3 into mobile phones. The community open-handedly appreciated the new project with several reactions drawing a comparison between the project as well as the others like Ethereum…
Nowadays, the miners and the market are facing a crisis. The public mining firms expressed their concern through financial statements that the firms had to increase the sale of cryptocurrencies by four times to meet their needs. In May, public mining firms…
BTC mining operations need more electricity than other customers, so PUD Commissioners decided to charge the bill with the newly increased rates from BTC miners in Chelan County and Washington. 560 KPQ reported recently that electricity rates have increased by nearly 29…
The layer-2-based scaling solution of Optimism has experienced a setback as the smart contract of the platform’s market maker has been exploited due to which a loss of up to 20m OP tokens was witnessed in this respect. This incident took place…
South Korea’s Financial Supervisory Service (FSS) has started an inquiry on payment gateway facilities that operate with digital assets. The agency is known as the financial regulator of the country and runs in line with the FSC (Financial Services Commission), with both…
It is recorded to be the most time it has taken to discover a crypto protocol venerability. Massive Unnoticed Hack The Mirror Protocol has been a target for exploiters for more than 6 months, however the hack wasn’t noticed on the network…
Galaxy Racer, an esports institution based in Dubai, has started a partnership with QUINT (a crypto firm). In this contract, Galaxy Racer has invested $25 million (~£19.78 million) into the crypto ecosystem of QUINT. The token of QUINT will be incorporated into…
A Brazilian university, the USP (University of Sao Paulo), reported that research will be done on the metaverse by the research groups that have an interest in human behavior and psychology, 3D modeling, as well as the efficiency of the devices related…
The RBI (Reserve Bank of India), while further remarking on the decision of the authorities to launch an in-house CBDC (central bank digital currency) in 2022-23, suggested a 3-step strategy to introduce a CBDC with no or little disruption caused to the…
During the emergence of issues in the sector of stablecoins, USDT (Tether) released a unique digital asset to be pegged into the peso of Mexico on the networks of MATIC (Polygon), TRX (Tron), and ETH (Ethereum). A declaration was made by Tether…
In a unique development linked to East Asia, Bitbank (a crypto exchange within Japan) declared a collaboration with Sumitomo Mitsui Trust Holdings (a financial holding firm) with the target of developing JADAT (Japan Digital Asset Trust). As per a declaration made recently,…
