The Financial Stability Board (FSB) has revealed that many stablecoins will not meet the standards stipulated in its recommendations for crypto asset regulations that will be released later this year. The regulator noted that the recommendations would be aimed at maintaining effective “stabilization” mechanisms and strengthening redemption rights. The FSB is a global organization that...Read More
Nishad Singh, the former head of engineering at bankrupt crypto exchange FTX, is close to striking a plea deal with federal prosecutors in the ongoing case against the exchange and its execs. According to a Bloomberg report, which cited people familiar with the matter, Singh plans to plead guilty to criminal charges over his role...Read More
According to the latest edition of CoinShares’ weekly report, outflows in digital asset investment products reached $32 million last week, a level not seen since late December 2022. The sentiment could be attributed to exchange-traded product (ETP) investors being less optimistic about recent regulatory pressures in the US relative to the wider market. Bitcoin Bears...Read More
[PRESS RELEASE – Please Read Disclaimer] INSAI, the innovative predictive AI technology company, is preparing for the launch of its highly anticipated v.2.0 AI predictive bot. The team of talented developers and engineers behind INSAI has created a machine learning-based algorithm that can accurately analyze a range of parameters to predict the price of cryptocurrencies,...Read More
[PRESS RELEASE – Abu Dhabi, UAE, 20th February 2023] Venom Foundation, the first Layer-1 blockchain licensed by Abu Dhabi Global Market (ADGM), has teamed up with Hub71, Abu Dhabi’s global tech ecosystem, to provide startups with enterprise-grade solutions and simplify blockchain adoption for businesses. The collaboration between Venom Foundation and Hub71 will focus on accelerating...Read More
[PRESS RELEASE – Seattle, Washington, 20th February 2023] Massive Gaming, NEOWIZ’s overseas affiliate, will launch the global social casino slot game House of Slots in March 2023, House of Poker, a global social casino hold’em game will be released as a follow-up. Before and after launch, tokens, airdrops, and game NFT free minting will be...Read More
Even when there are rising fears over restrictive measures by the US government, the first born cryptocurrency Bitcoin has surged nearly 50% in 2023. Moreover in the early hours today the Bitcoin price had even hit the $25,000 area before making a slight fall back around $24,000 level. At the time of reporting, the flagship...Read More
The native token of the crypto exchange Huobi Global – HT – spiked around 16% after Justin Sun outlined the company’s intentions to obtain a trading license in Hong Kong. If secured, the authorization will allow the platform to offer a wide range of digital asset services and products to domestic consumers. Justin Sun –...Read More
The Japanese arm of bankrupt crypto exchange FTX announced that it would resume the withdrawal function for customers. This comes less than a month to when the order for the platform to suspend its business takes effect. According to a press release on Monday (Feb. 20, 2023), FTX Japan stated that customers will be able...Read More
[PRESS RELEASE – Singapore, Singapore, 20th February 2023] NvirWorld is pleased to announce the launch of its donation campaign, “BLUE ROSE,” in collaboration with “Sandol School,” an alternative school for people with developmental disabilities located in Gunsan, Korea. The aim of this campaign is to support individuals with developmental disabilities in becoming healthy members of...Read More
OKX released its fourth monthly Proof of Reserves (PoR) enabling its users to verify that the Seychelles-based crypto exchange holds the amount of cryptocurrency that it claims to. It revealed holding clean assets worth $8.6 billion in Bitcoin (BTC), Ethereum (ETH), and Tether (USDT). According to the latest data, OKX’s wallets held 135,735 BTC against...Read More
After the FTX Group unceremoniously attempted to claw back the repayment of Alameda’s loan to Voyager, lawyers on the side of the struggling crypto platform have responded with a two-part salvo of legal requests. In the FTX Group’s original filing, the firm claimed that Voyager had failed to do due diligence before loaning money to...Read More
A federal court has chastised the SEC’s attorneys’ behavior in the case, labeling them self-serving, in a shocking move in the continuing legal conflict between Ripple Labs and the US Securities and Exchange Commission (SEC), as was shared by the top crypto lawyer John Deaton. Latest on the Ripple-SEC Lawsuit The comments by Judge Sarah...Read More
On Feb. 20, the crypto pioneer said his working thesis at the moment is that the next bull run is going to start in the East. He added that it will be a reinforcement of the principle that crypto is a global asset class. Each region can have its own rules and stance on crypto,...Read More
