The United Kingdom has dropped its plans to launch a government-backed non-fungible token (NFT) aimed at enhancing the country’s approach to crypto assets. Andrew Griffith, Economic Secretary of the Treasury, disclosed to Parliament that the Royal Mint, tasked with creating the NFT, would not proceed with the plan but would keep the proposal under review....Read More
Seychelles-based crypto exchange OKX has announced its plans to expand its presence in Hong Kong by applying for virtual asset licenses under the new regulatory regime as well as Type 1 and 7 licenses under the Securities and Futures Ordinance. It also plans to establish a Hong Kong entity for launching virtual asset services in...Read More
The hacker behind DeFi protocol Euler Finance’s $200 million exploit earlier this month has publicly communicated through the blockchain to apologize for his crime. The exploiter, going by the name “Jacob,” has gradually been returning funds related to the hack, now totalling $177 million. In an encoded blockchain message on Monday, the hacker promised to...Read More
The financial watchdogs of Hong Kong will reportedly host a meeting between domestic cryptocurrency businesses and bankers. The initiative could ease financing for the industry as the region seeks to emerge as a global digital asset hub. Crypto firms based in Hong Kong have supposedly received support from leading Chinese banks in the past several...Read More
There’s been a lot of talk about Bitcoin’s potential to one day reach $1 million per coin – possibly within the next few years. But is that a reasonable assumption? Here are the data points to consider when assessing Bitcoin’s likelihood of reaching seven figures. The Halving Cycle Bitcoin’s monetary issuance schedule is designed to...Read More
The crypto analytics provider – Santiment – revealed that almost 90% of Ethereum’s supply is currently stored in self-custody addresses. The last time the figure was so high was in 2015, shortly after the protocol’s native token saw the light of day. The new data comes at a time when investors seem to have lost...Read More
[PRESS RELEASE – Toronto, Canada, 27th March 2023] Winkles & Flam™, the ‘Cosplaying Canadian Kitties™,’ are the First Original Cartoon Duo of the web3 space, launching exclusively on OpenSea Drops Sphynx Ink Inc. comprises Oscar®-Nominated Filmmaker Adam Benzine (HBO’s Spectres of the Shoah) & BAFTA®-Winning Illustrator Dele Nuga (The BBC’s The Clangers) Non-PFP and non-generative,...Read More
In a recent court filing, FTX founder Sam Bankman-Fried has been accused of bribing $40 million to Chinese officials to unfreeze crypto accounts. As the cryptocurrency industry continues to grow and evolve, so too do the challenges and controversies that surround it. One such controversy involves Sam Bankman-Fried (SBF), the founder of FTX, a prominent...Read More
Ripple’s XRP has been making headlines with its impressive resilience in the face of market volatility. Despite the recent lawsuit by the CFTC against the popular Binance crypto exchange, XRP has remained unaffected, even showing a remarkable increase of over 4% in the last 24 hours. Over the past week, the coin has soared by...Read More
After six consecutive weeks of outflows, digital asset investment products finally broke the bearish streak in a reversal that fetched inflows totaling $160 million, according to CoinShares. This is the largest inflow figure since July 2022. The latest edition of Digital Asset Fund Flows Weekly Report revealed that these investment products have been recording outflows...Read More
The operators behind the decentralized cross-chain liquidity protocol – THORChain – preemptively paused the network after claims of potential vulnerability made rounds on social media. According to the announcement, the vulnerability in question is speculated to be associated with THORChain dependency that may affect the overall network. “Out of an abundance of caution,” THORChain decided...Read More
The cryptocurrency lending platform – BlockFi – agreed to provide more than $100,000 in refunds to Californian customers affected by the firm’s collapse. The former giant in its field passed through severe turbulence last year caused by the Terra crash and the FTX meltdown. Its massive exposure and close relation with the exchange led to...Read More
On March 27, a federal judge temporarily halted bankrupt crypto lender Voyager Digital from completing a proposed $1.3 billion sale to Binance.US. The U.S. government had requested more time to explore the legality of the proposed takeover, prompting the response from judge Jennifer Rearden. According to reports, the U.S. Attorney’s Office for the Southern District...Read More
The Commodities and Futures Trading Commission filed a lawsuit against Binance and CZ personally yesterday, firing multiple allegations across different fronts. One that stood out and is widely discussed amongst the community is that Binance and CZ traded on the platform: … Zhao is the direct or indirect owner of entities that have engaged in...Read More
The intercontinental political forum consisting of the seven biggest economies in the world (better known as the G7) is reportedly willing to implement rigid rules on the cryptocurrency industry after the numerous negative events which took place recently. The final version of the framework should be ready by July this year, while the nations will...Read More
Contango Digital Assets, a prominent VC firm in the blockchain industry, has announced a successful $1.2 million seed funding round aimed at furthering their endeavour to build infrastructure that makes web3 more globally accessible. This round will also serve to raise the profile of Contango Digital Assets as a leading Web3 investment firm. Contango has...Read More
