In an advanced announcement, the Ministry of Culture in the Kingdom of Saudi Arabia launched a metaverse project to support preserving the country’s cultural heritage. The newly launched Metaverse project will document every event that occurred in the history of Saudi Arabia. …
In an official communication, the Seychell-based crypto exchange FixedFloat suffered a malicious attack that impacted the loss of a substantial amount of funds. News concerning the hacking incident was disclosed by the renowned blockchain analytics firm BlockFence. After assessing the damages caused by the…
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…
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…
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…
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…
In readiness for the upcoming bull market, investors are exploring ways to maximize their returns on crypto investments. With the development of artificial intelligence, investors believe that using AI-inspired trading bots will enable them to take advantage of the upcoming bull market….
The securities and exchange commission (SEC) has delayed decisions on applications for an Ethereum exchange traded fund (ETF). Following the approval of 11 spot Bitcoin ETFs by the SEC this year, many of the approved Bitcoin ETF issuers have applied for Ethereum…
With the ongoing amendment of the digital assets regulation, the US has demonstrated the likelihood of shutting down the crypto sector. From the last bull run the policymakers enforced unfriendly regulations that forced high-profile crypto firms to exit the US market. Despite…
As we approach the 2024 Bitcoin halving, key industry players have stepped up to support the miners in navigating the long-awaited event. In the upcoming Bitcoin halving, the miners expect their mining reward to reduce from 6.25 BTC to around 3.125 BTC….
