Crypto exchange Bybit unveiled the ‘2023 World Series of Trading (WSOT),’ the registration of which will commence on July 13. The event is in its fourth edition and will feature a prize pool of up to $8 million worth of USDT. It also includes a live stream giveaway on August 24, offering traders the chance...Read More
Recent comments regarding Bitcoin exchanges from Gary Gensler – Chairman of the U.S. Securities and Exchange Commission (SEC) – suggest that his agency may not be so eager to approve the recent wave of Bitcoin spot ETF applications in its mailbox. The chairman claimed that crypto trading platforms like Coinbase are structured in such a...Read More
The digital asset market continues to experience one of its longest, most bitter winters in recent history, leading established companies in the space to introduce a fresh round of crypto job cuts. Prominent NFT firm and creator of the NBA Top Shot marketplace announced laying off 51 of its staff members. The latest round includes...Read More
The entire crypto market is rallying after the judge overseeing Ripple V. SEC ruled that neither XRP, nor most situations in which it transacted, are securities. The ruling has also prompted exchanges like Coinbase to relist XRP starting today. In a tweet on Thursday, Coinbase Assets confirmed that it will re-enable trading of XRP on...Read More
Circle – the company behind the leading stablecoin USDC – has reportedly trimmed its staff in a bid to reinforce its balance sheet. Thus, it joined the likes of numerous crypto-related firms that laid off team members during the prolonged bear market to cope with the decreasing investor interest. Some examples are the exchanges Coinbase,...Read More
Coinbase has unveiled an end-to-end encrypted, private, and portable messaging feature for its self-custody wallet product – Coinbase Wallet to enable users to connect directly through their wallet, engage with communities, as well as send payments across thousands of coins. The goal is to give Coinbase Wallet users full control and ownership over their identity...Read More
XRP is booming after Judge Analisa Torres’s ruling on Thursday that most sales of the Ripple-issued cryptocurrency do not constitute securities transactions. The ruling brings a conclusion to a three-year-long lawsuit that is expected to set a firm precedent for many crypto issuers’ legal standing in the United States going forward. Let’s dig into the...Read More
The recent finalization of crypto bank capital rules by the EU has provided a much-needed regulatory framework for the cryptocurrency market. These rules aim to ensure the stability and security of the banking sector while fostering innovation and investor protection. By establishing clear guidelines for capital requirements, the EU is paving the way for increased...Read More
[Press Release – Dubai, United Arab Emirates, July 13th, 2023] XBorg, the Web3 company developing a collaborative credential infrastructure that allows players to create their digital identity and enjoy tailored user experiences within enhanced gaming applications, sold out their $2 million seed round community allocation in record time. The funds will facilitate the scaling and...Read More
The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against fallen crypto lender Celsius and its ex-boss, Alex Mashinsky after the latter was reportedly arrested on Thursday. The agency accused Celsius of illegally raising billions of dollars through unregistered securities offerings, but only named CEL token as a relevant crypto security in the...Read More
[Press Release – Tbilisi, Georgia, July 13th, 2023] The strongest web3 community in the CIS region- DEGAMEFI is set to host the largest web3 annual conference in the Caucasus region. The DEGAMEFI WEB3 CONFERENCE 2023 is scheduled to take place in Tbilisi, Georgia from the 7th to the 8th of October. This conference attracts a...Read More
[Press Release – July 13th, 2023] BNB Chain’s Hackvolution is receiving support from COMBO, Google Cloud, CyberConnect, Hooked Protocol, and Ultiverse, as well as several world-leading universities for the upcoming hackathon The Hackathon aims to unleash the power of opBNB and Greenfield to transform developers into successful project founders BNB Chain, the world’s largest smart...Read More
LBRY Inc – the firm that’s responsible for developing the LBRY Protocol – announced that it will be closing shop. This comes after it received a final judgment in the case against the US Securities and Exchange Commission (SEC) earlier this week. LBRY lost the case. The judge sided with the Commission and ruled that...Read More
The crypto trading space has brought numerous innovations, where new platforms are emerging and battling towards market dominance. One such project is Tradecurve, which showcases bullish performance, while older projects like Hedera and Lido Dao have begun to dip. Join us as we uncover each project’s performance. Hedera and Lido Dao Prices Slide On July...Read More
Prominent Ethereum scaling solution – Polygon – has unveiled a new proposal that seeks to switch the network’s MATIC token with POL. The transition is part of its recently released Polygon 2.0 roadmap. According to the official announcement, a group of founders and researchers of the Polygon ecosystem has published a white paper proposing POL,...Read More
It’s no surprise that XRP investors are expecting a ruling in the case between Ripple and the United States Securities and Exchange Commission. According to a recent report from Kaiko, they are already positioning themselves, which is reflected in the increased trading volume. Kaiko reports that XRP ranks third in trading volume as investors are...Read More
[Press Release – Georgetown, Cayman Islands, July 12th, 2023] Kava, a Layer-1 blockchain that combines the developer power of Ethereum with the speed and interoperability of Cosmos has launched the Kava 14 upgrade. This upgrade deploys ‘internal bridge’ technology to seamlessly convert native Cosmos assets to and from Ethereum’s ERC20 token standard. Kava 14 is...Read More
Russia’s State Duma – the lower chamber of the local parliament – passed the digital ruble bill. The legislation defines rules surrounding the nation’s upcoming central bank digital currency, outlining the Bank of Russia as “the operator” of the project. The institution will also establish a range of users of the digital ruble platform, adjust...Read More
