The rise of cyber attack incidents has posed a threat to the national security of most crypto-friendly states. The damages caused by cyber attacks forced giant tech firms to collaborate and address the issue. In a recent announcement, the team behind ChatGPT…
The increased adoption of crypto assets in Latin America has obliged the financial watchdog to take decisive steps to protect the traditional financial system. In an advanced communication the Honduras National Banking and Securities Commission (CNBS) imposed restrictive measures on the involvement…
On Thursday, the leading telecommunication company in Spain, Telefónica, entered into a strategic partnership with Chainlink to safeguard customers from financial losses. Lately, investors have suffered losses of substantial amounts to hackers and fraudulent schemes. The rise of crypto-related crimes has forced…
In its advanced communication, the San Francisco-based crypto firm Ripple entered into an acquisition deal with Standard Custody and Trust Company. The acquisition of Standard Custody & Trust Co. will enable Ripple to expand its geographic presence in the US. For years,…
On Wednesday, the financial intelligence unit (FIU) in South Korea lamented that crypto-related crimes have risen despite the regulators’ corrective steps. In the February 14 announcement, FIU noted a 49% increase in susceptible crypto transactions in 2023. Compared to 2022, FIU officials…
In an advanced communication, the famous crypto exchange OKX revealed plans to expand to Argentina. The OKX expansion to Argentina mirrors its ongoing efforts to broaden its market presence in Latin America. In late last year, the OKX team expanded its footprint…
On Sunday the self-proclaimed “world’s coolest dictator” Nayib Bukele announced his reelection as the president of El Salvador hours after the polls. In an X post, Bukele claimed to have won the election with 85% votes. The tweet demonstrated that if Bukele’s…
The rise of crypto-related crime has attracted the attention of global regulators, who have imposed corrective measures to shield the consumer from exploitative business activities. Despite the intense efforts to combat crypto crimes, criminals have advanced their skills and expertise to rob…
With the ongoing changes in the crypto ecosystem, global financial regulators have stepped up their game to address exploitative business activities. In an advanced report dated February 5, the Financial Services Commission (FSC) in South Korea shared a series of proposals that…
Tether (USDT), the first ever stablecoin, remains the biggest stablecoin, accounting for about 70% of the stablecoin market share. The stablecoin continues to grow still, as its popularity continues to soar among users, giving it increasing dominance over the market. Tether said…
Republican leadership in the House Financial Services Committee have demanded the review of a proposed rule by the Consumer Financial Protection Bureau over its impact on crypto. The house members say that the rule has an unclear impact on digital assets and…
The newly elected president of Argentina, Javier Milei, has taken strategic action to eliminate some unimportant regulations. Based on the current situation in Argentina, President Milei confirmed that he will focus on meaningful projects that benefit the country. In a recent publication…
The remarkable contribution made by the founder of Ethereum, Vitalik Buterin, towards the growth of the crypto ecosystem crowned him among the most famous inventors in the digital world. In a January 31 blog post, Buterin reviewed the events in the crypto…
In a January 28 report, the renowned blockchain-oriented Karaoke platform Somesing suffered significant losses after a hacker launched a malicious attack. The report demonstrated that the hackers gained unauthorized access to the Somesing platform, siphoning assets worth 730 million SSX tokens. Hackers…
In a recent report, the renowned crypto-oriented AI platform imgnAI raised $1.6 million in a seed funding round. The successful fundraising was led by Hack VC and Rana Capital. Other participants of the seed funding round included Selini Capital, Motus Capital,dao5 and…
The rise of financial crime has forced US regulators to step up and supervise the crypto industry. The attempt to shield the customers from exploitative business activities impacted the enforcement of stringent regulations for digital assets. The ongoing clampdown on crypto assets…
In an official publication, the Stellar Development Foundation (SDF) revealed plans to postpone the network upgrade to a later date after the developers discovered a bug. Initially, the Stellar community planned to integrate the Ethereum smart contract into its blockchain network on…
Despite the securities and exchange commission (SEC)’s skepticism around cryptocurrencies, there has been some optimism that Ethereum ETFs may be approved soon. The optimism is coming after the SEC approved 11 spot Bitcoin ETFs earlier this month. However, Investment bank TD Cowen…
Coinbase has been in court since June 2023 as the SEC alleges that the exchange violates crypto laws with its offerings. The crypto industry eagerly awaits the outcome of this lawsuit. While some experts say the court may dismiss the case, others…
Chairman of the Commodities futures Trading Commission (CFTC) Rostin Behnam has called for legislation to regulate crypto at the federal level. The call came two weeks after the securities and exchange commission (SEC) approved the first batch of spot Bitcoin ETFs in…
