Digital banking platform, Revolut has been awarded authorization by the Cyprus Securities and Exchange Commission (CYSEC) to expand its crypto services across the European Economic Area (EEA). According to a new report, Revolut has become the first entity to be awarded crypto-asset service provider (CASP) from the regulator of the island country. The news comes...Read More
Israeli authorities have arrested three individuals suspected of defrauding the French state treasury. The undercover investigation was carried out jointly by the Israel police and the Israel Tax Authority over the last few months. Foreign investigative agencies – Europol and the French Police – also cooperated. As per Reuters, the investigators are looking into a...Read More
Coin Centre – a non-profit crypto policy think tank – is considering a court challenge against the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC). The challenge is a response to the OFAC’s recent addition of privacy protocol Tornado Cash to its Specially Designated Nationals And Blocked Persons (SDN) List. Coin Centre has provided...Read More
TL;DR: Coinbase believes crypto will be part of the solution for creating an open financial system that is both more efficient and more equitable. We co-founded the Centre Consortium in 2018 to invest in the build of USDC, and since then it has become the second largest stablecoin by market capitalization. We firmly believe that...Read More
Centralisation has been the backbone of financial transactions since money and commodities became widely tradable and civilization evolved. With legislation, financial institutions, banks, and governing bodies, there have always been limitations to how and when users can spend their money and have access to their assets. The biggest feature of cryptocurrency has been the decentralisation...Read More
The Singapore High Court on Monday granted crypto exchange Zipmex protection from creditors until December 2. Zipmex had asked the court for bankruptcy protection on July 22 and more time for debt restructuring on August 4. Court Order Affects Thai Investors Zipmex operates in Singapore, Thailand, Indonesia, and Australia. After it halted withdrawals last month,...Read More
[PRESS RELEASE – Please Read Disclaimer] August 15, 2022– Tigon Mobile, a subsidiary of Longtu Korea, recently revealed Bless Global, the world’s first AAA GameFi MMORPG that combines the Bless IP with P2E (Play to Earn) mechanisms. Bless Global’s pre-registration event begins on August 16, 2022. To participate in the event, players can visit the...Read More
The fall of the fourth largest cryptocurrency began with an unannounced transfer of funds between trading pools on the night of May 7. It left the Curve pool with an imbalance on the side of Luna. This anomaly could have been set right as it’s not an entirely uncommon phenomenon. But in this case, the...Read More
The world’s largest crypto exchange has tapped another regulatory nod, this time from the Astana Financial Services Authority (AFSA). The former Soviet Union state has been an important country for the crypto industry, being a hub for miners for years. The announcement from the company informed that the license from Kazahstan’s watchdog will allow it...Read More
Financial services company Galaxy Digital Holdings announced that it will no longer pursue its acquisition of the cryptocurrency custody provider BitGo. According to the official release, the decision is because BitGo has failed to deliver audited financial statements from 2021 that are in compliance with the requirements of the agreement. Per the release, no termination...Read More
The US Securities and Exchange Commission (SEC) suffered a major setback as Magistrate Judge Sarah Netburn granted Ripple’s appeal to serve subpoenas and authenticate videos of public remarks made by the regulatory agency’s officials. The payment giant is set to serve two subpoenas to at least seven SEC officials. The Judge presiding over the high-profile...Read More
[PRESS RELEASE – Singapore – August 13, 2022] Volare Project is a project to construct a vast ecosystem based on blockchain network (“Volare Network”) that proves the commercial viability of the new Equilibrium technology. Volare Network has released its first white paper 1.0 on August 1, 2022 (please see here). Current blockchain platforms execute transactions...Read More
Decentralized protocol Aave has banned the wallet address of Justin Sun, the founder and CEO of the Tron blockchain project, for unknowingly interacting with sanctioned Ethereum-based crypto mixer Tornado Cash. On Saturday, Justin Sun took to Twitter to confirm that Ethereum-based DeFi protocol Aave had officially blocked his address after an unknown person sent him...Read More
Monero, one of the most important privacy protocols in the ecosystem, executed a protocol update on August 13 to improve several privacy and security features offered by the network. The hard fork was successfully performed on block 2,688,888, thanks to a collective effort of more than 70 developers, after almost 4 months since it was...Read More
Altcoin traders and investors have gone through a lot of pain in 2022. Over the past 10 months, not only has the price of Bitcoin fallen drastically, but the value of the majority of altcoins has also plummeted. Looking at the altcoin market capitalization chart, we can observe that for the previous six weeks, it...Read More
