Switzerland-based crypto-focused financial institution SEBA Bank has secured a regulatory license from Hong Kong regulators through its local wholly-owned subsidiary, enabling the entity to offer regulated cryptocurrency services to institutional investors in the city-state. The full license comes three months after SEBA received in-principle approval from the Hong Kong regulators and nearly a year after...Read More
[PRESS RELEASE – Dubai, United Arab Emirates, November 8th, 2023] The 26th global edition of the World Blockchain Summit, held in Dubai, recently concluded as a resounding success leaving the attendees with enthusiasm and excitement for the future of blockchain in the Middle East and North Africa (MENA) region. Held at the Address Dubai Marina...Read More
[PRESS RELEASE – Dubai, United Arab Emirates, November 8th, 2023] Day 2 of the 26th global World Blockchain Summit in Dubai witnessed a game-changing announcement as Cypher Capital and Master Ventures revealed their strategic investments in Common Wealth. In a major development on the 2nd day of the 26th global edition of the World Blockchain...Read More
Ripple is partnering with payments fintech Onafriq, formerly known as MFS Africa, to facilitate digital asset-enabled cross-border payments connecting Africa to several new markets, such as the Gulf Cooperation Council (GCC), the UK, and Australia. The collaboration is expected to introduce quicker, more effective, and economical global money transfers to Africa, with the potential to...Read More
Stablecoin issuer Circle is looking into the possibility of becoming a publicly traded company in the early months of 2024. The development comes almost a year after its failed SPAC deal with Concord. Despite the collapse of this particular deal, Circle’s co-founder and CEO, Jeremy Allaire, later emphasized the company still planned to become a...Read More
American tech-focused investment manager Coatue Management has reportedly marked down its stake in OpenSea, one of the leading NFT platforms. According to documents reviewed by The Information, Coatue reduced its previously valued $120 million stake in OpenSea to just $13 million during the second quarter of 2023. Coatue Slashes OpenSea Stake by 90% Based on...Read More
The long-awaited spot Bitcoin ETF is finally nearing approval, sparking speculation about how this financial product could impact the price of the world’s largest cryptocurrency. This potential launch represents a significant milestone for the crypto industry and validates digital assets in the eyes of mainstream investors. Additionally, the boost in institutional interest could benefit other...Read More
It’s official. Nayib Bukele will be running for another term as El Salvador’s President next year. The popular reformer, anti-violence crusader, and Bitcoin advocate needed an election tribunal’s go-ahead to run again. Tribunal Greenlights Bukele Reelection Bid Under El Salvador’s constitution, a President is limited to a 5-year term. Moreover, consecutive terms are also banned...Read More
[PRESS RELEASE – Saint Vincent, The Grenadines, November 8th, 2023] RocketX announces the integration of MicroVision Chain ($SPACE) into its platform, making it interoperable with over 100+ leading blockchains. This step enables users to transfer assets across various networks easily, aiming to streamline the DeFi experience on the MicroVision Chain. With this integration, users benefit...Read More
Grayscale’s Chainlink Trust – GLNK – has surged to a premium of 200% when compared to the current LINK market prices. GLNK has seen a remarkable surge of almost 100% in the last week, concluding at $39 on Monday, up from its level of $21 on October 31. It is also important to note that...Read More
The U.S. Securities and Exchange Commission (SEC) is intensifying its legal action against cryptocurrency exchange Binance and its American counterpart, Binance.US. The SEC alleges violations of security laws and fraudulent activities by both entities. The regulatory authority has moved to challenge the dismissal motions filed by Binance and CEO Changpeng “CZ” Zhao and stands firm...Read More
The defunct crypto exchange FTX, along with its sister company Alameda, successfully transferred approximately $38.5 million worth of assets to other centralized exchanges. According to reports, the ongoing selling spree by FTX and Alameda is driven by the necessity to meet their obligations to creditors. FTX’s Selling Spree? According to on-chain analyst Spot On Chain,...Read More
[PRESS RELEASE – Dover, United States, November 8th, 2023] CoinMarketCap (CMC), the leading cryptocurrency market data and analysis platform, has launched CMC Labs, a year-long startup accelerator program designed to empower the next generation of Web3 founders. Web3, the decentralized internet, embodies a new era of business brimming with uncharted potential. It is set to...Read More
There’s a tale that started as a whisper and grew into a roar – the tale of Bitcoin. Think about this for a second – where do all of the big brands come from? They weren’t born the multi-billion dollar businesses that they are today; they had to start somewhere. That’s no different where Bitcoin...Read More
Recently, Dogecoin (DOGE) delivered a surprise on November 2nd, which the community affectionately calls “Doge Day.” The project revealed a bronze statue of the Kabosu dog in Japan, the animal that inspired the memecoin. Alongside this development, Ethereum (ETH) and Everlodge (ELDG) have maintained their bullish momentum, creating an intriguing landscape for cryptocurrency enthusiasts and...Read More
Solana has taken center stage, surging from $21 in mid-October to almost $45 the last week. After the downfall of FTX, SOL briefly dipped below $10, the recovery, however, was partly driven by surging activity on the network. The past month has seen a notable improvement in what initially was a challenging year for altcoins...Read More
A new listing – XPLAUSDT – featuring XPLA – the native token of the XPLA blockchain will be available to trade on BitMEX, and with up to 5x leverage from tomorrow. For the lowdown on the latest listing, read on. If you haven’t signed up for a BitMEX account yet, we’re currently offering up to...Read More
Prominent blockchain analytic platform Glassnode is exiting the crypto tax-related projects space by selling Accointing to the European crypto compliance provider Blockpit. In a statement, Blockpit expressed that it finds the similarity between these businesses particularly “attractive.” This decision comes approximately a year after Glassnode acquired Accointing.com, a crypto tax and portfolio tracking platform. The...Read More
