Industry News

Russian Cryptocurrency Industry Leaders and Executives Unite to Draft Bill for Legalizing Crypto Mining in Russia The cryptocurrency industry in Russia is taking a significant step forward, as leaders and business executives have collaborated to draft a bill that seeks to legalize crypto mining in the country. This groundbreaking initiative was revealed at a cryptocurrency…

UAE Central Bank launches Digital Dirham strategy for wholesale and retail use

The Central Bank of the United Arab Emirates (CBUAE) has taken a significant step forward in its digital currency journey with the announcement of the initial phase of its central bank digital currency (CBDC) strategy. This important development marks the UAE’s progression towards embracing digital currencies in the region. Collaborative Efforts and Implementation Phases The…

FTX estate plans to sell $884M stake in AI firm Anthropic

FTX Estate Announces Plans to Sell Two-Thirds of Its Stake in Anthropic for $884 Million The estate of the bankrupt crypto exchange FTX has made an announcement regarding its plans to sell a significant portion of its 8% stake in the artificial intelligence (ai) startup Anthropic. The deal is estimated to be worth approximately $884…

Bybit lists Notcoin for pre-market trading—here’s everything you need to know

Bybit, a prominent crypto exchange based in the United Arab Emirates, recently made an exciting announcement regarding the listing of Notcoin ($NOT), a meme coin with a significant presence within the Telegram ecosystem. The Pre-Market Trading platform of Bybit, an over-the-counter (OTC) trading solution tailored for new tokens prior to their official listing, welcomed $NOT…

CommEx set to halt operations as it suspends deposits

CommEx Announces Operational Suspension: A Significant Development in the Cryptocurrency Industry CommEx, the Russian counterpart of Binance, has recently made an announcement that has left a significant impact on the cryptocurrency industry. Following CommEx’s acquisition of Binance’s Russian business in an undisclosed deal back in September 2023, the platform has decided to cease operations. The…

Austin remains the most important crypto hub in the world

Austin: The Vibrant Heart of the Cryptocurrency Universe Nestled in the heart of Texas, Austin has solidified its position as the uncontested leader in the cryptocurrency world. This dynamic city successfully blends old and new, traditional and avant-garde, cementing its role as a beacon for the future of digital currencies. Amidst the bustling hustle and…

Arbitrum DAO Proposes $3.3 Million Memecoin Fund to Boost Ecosystem Growth

The Arbitrum Decentralized Autonomous Organization (DAO) is Pursuing an Innovative Strategy to Revitalize Its Ecosystem: A recent proposal put forth on the Arbitrum DAO forum by user 0xkawz has sparked significant debate and interest within the community, proposing a $3.3 million fund dedicated to supporting memecoins within the Arbitrum ecosystem. This strategy aims to capitalize…

Solana (SOL) signals bullish momentum, eyes all-time high

Solana’s Triumphant Transformation: Flipping Resistance into Support, Setting Sights on $250 Solana (SOL), the swiftly progressing cryptocurrency, has recently achieved an impressive accomplishment in its market performance. This milestone involves Solana successfully flipping a significant resistance level into support. Solana’s Ambitious Goal: Reaching the Coveted $250 The groundbreaking development in Solana’s price action was meticulously…

Larian Studios Moves Forward Post-Baldur’s Gate 3: What’s Next?

Recent Exciting News from Larian Studios: A Bright Future Ahead In a recent tweet, Adam Smith, the writing director at Larian Studios, shared his excitement about the studio’s upcoming project following the tremendous success of Baldur’s Gate 3. Smith’s tweet sparked speculation among fans about the renowned game developer’s future endeavors. A New Direction for…

Days Gone Developers Hiring for Live Service Experience in New AAA Title

Bend Studio’s Transformation: Searching for a Lead Project Manager to spearhead their High-Profile AAA Title with a Shift towards Live Service Elements Bend Studio: A New Era in Game Development The renowned Californian video game developer, Bend Studio, is on the hunt for a lead project manager to oversee their upcoming AAA title. This announcement…

XRPL considers a Canary Network amidst technical challenges

Discussions surrounding the potential establishment of a Canary Network for the XRP Ledger (XRPL) have gained traction among the blockchain’s developer community. This initiative, spearheaded by Wietse Wind, co-founder of Xumm Wallet, aims to create a reliable testing environment for the layer-1 blockchain. The proposal comes as a response to the recent critical bug that…

Catch up on Asia’s top crypto stories of the week

Asia’s Crypto Landscape: A Weekly Dive into Regulatory Warnings, Legal Battles, Market Movements, and Strategic Shifts Regulatory Warnings and Legal Battles in Asia’s Crypto Scene The crypto scene in Asia has been abuzz with activity this week, a mixture of warnings, regulatory shifts, and market dynamics that have left even the most seasoned crypto enthusiasts…

FTX creditor disputes John Ray’s letter to SBF, claims misinformation

The FTX Saga: A Hollywood Thriller Unfolds with Allegations, Counter-Narratives, and Crypto Assets at Stake The Allegations: An In-depth Analysis As the FTX saga continues to unfold, each new development seems more dramatic than the last. The latest twist comes from Sunil, a creditor with significant stakes in FTX. According to him, the correspondence regarding…

Spain temporarily suspends Telegram over copyright issues

The Spanish High Court has ordered a provisional suspension of the operations of Telegram, the widely-used messaging app, starting from March 25, 2024. The directive was issued in response to complaints filed by several media companies, including Atresmedia, EGEDA, Mediaset, and Telefonica. These firms asserted that Telegram had facilitated the unauthorized distribution of their content….

Decoding a web of crypto and dreams: The tale of Zhimin Qian

A Tale of Ambition, Deception, and Cryptocurrency: The Fugitive Life of Zhimin Qian The Dreams and the Dark Side of Ambition Zhimin Qian, a 45-year-old woman, once harbored dreams so grand they defied the boundaries of reality. Embroiled in accusations of orchestrating a colossal £5bn scam, her aspirations reached far beyond financial success. Qian yearned…

Email scam nets millions from FTX, BlockFi creditors’ wallets

A highly advanced email phishing scam, which has managed to amass millions of dollars in cryptocurrencies and Non-Fungible Tokens (NFTs) from unsuspecting victims, has come to light. This sophisticated operation targeted creditors of two bankrupt crypto firms, BlockFi and FTX, exploiting their vulnerabilities during a time of great instability in the cryptocurrency market. The scheme…

No Ban on anonymous crypto wallets in EU, expert confirms

The contact Union (EU) and its approach to cryptocurrency anonymity have become a topic of extensive discussion in recent times. Amidst the rumors of potential regulations, industry expert Patrick Hansen has provided valuable insights into this matter, bringing much-needed clarity to the situation. Contrary to speculations of an outright ban on anonymous crypto wallets and…

Former Lordstown Motors CEO settles with the SEC

Steve Burns, the Former CEO of Lordstown Motors, Settles with SEC over Alleged Misrepresentation of Endurance Pickup Truck Demand Steve Burns, the founder, chairman, and former CEO of Lordstown Motors, has reached a settlement with the U.S. Securities and Exchange Commission (SEC) regarding allegations that he misled investors about the demand for Lordstown Motors’ all-electric…

Akon cautions fans against requesting for crypto-related content

Acclaimed musician Akon, known for his musical prowess and previous involvement in the ambitious project of building a futuristic city in Senega, has recently addressed his fan base regarding cryptocurrency-related requests. In a video shared on a popular video-sharing platform, the artist urged his followers to refrain from asking him for any content related to…

Nigeria’s crypto fee hike predicted to foster innovation