Industry News
XRPL launches AMM feature, opening new passive income avenues
The XRP Ledger (XRPL), a decentralized financial (DeFi) platform, has made a major stride in its evolution with the introduction of an Automated Market maker (AMM) feature. This development went live on March 22, as announced by the RippleX team. The implementation of this non-custodial AMM marks an essential advancement in the XRPL decentralized exchange…
What does Worldcoin plan to achieve by making Orb software open-source?
worldcoin Makes a Bold Move Towards Transparency: Open-Sourcing Its Orb Software In a significant development for the blockchain community and in line with its mission to democratize access to the global economy, worldcoin has announced that it will be making the core components of its Orb software open-source. This decision is expected to enhance transparency…
Crypto mogul Star Xu squashes arrest speculations in bold response
Rumors of Star Xu’s Arrest by American Authorities: A Direct Response from the OKX Founder The cryptocurrency world was abuzz with rumors regarding the arrest of Star Xu, the founder of OKX, one of the largest offshore exchanges. These unsubstantiated claims emerged on various platforms, causing a ripple effect across the community. In response to…
UAE emerges as a key player in the global Crypto investment scene
The United Arab Emirates (UAE) has cemented its role as a major player in the global cryptocurrency investment sector, with recent reports revealing substantial gains made by local investors in 2023. According to data from a leading blockchain analytics firm, UAE investors amassed capital gains totaling $204 million from their cryptocurrency ventures last year. Unprecedented…
Bankers go bonkers as FTX dangles 8% stake in hot AI startup Anthropic
FTX’s 8% Stake in Anthropic: Who Will Be the Fortunate Buyer? The bankruptcy court in New York has given its approval for FTX’s estate to sell its 8% stake in Anthropic, an artificial intelligence (ai) startup. This significant investment, worth $500 million three years ago, has now seen its value more than double due to…
Why does the world still believe the US is the leading economy when half of its states are in recession?
Amidst Economic Uncertainties: Half of American States Suffer from Recession and USD Faces Challenges The United States economy is currently grappling with a multifaceted crisis, with implications reaching far beyond its borders. Recent economic data paints a concerning picture as half of the American states are experiencing a recession. This prolonged period of economic downturn…
WisdomTree granted NY charter to offer crypto custody and stablecoin services
WisdomTree Obtains NYDFS Charter for Crypto Services: Establishing WisdomTree Digital Trust Company, LLC and Introducing WisdomTree Prime WisdomTree, a leading global asset management company, has recently announced that it has received a charter from the New York State Department of Financial Services (NYDFS) to offer crypto-related services, making it the latest addition to an exclusive…
Pakistan University kickstarts classes in the Metaverse
The Information Technology University of Lahore in Pakistan: Pioneering Metaverse-Based Learning The Information Technology University (ITU) of Lahore, Pakistan, has recently made headlines by introducing the country’s first-ever virtual reality (VR) classes within the metaverse. This groundbreaking initiative marks a significant leap forward in educational technology, as reported by local Pakistani news outlet Samaa TV…
Crypto market experiences general crash ahead of the upcoming Bitcoin halving
The cryptocurrency market experienced a substantial downturn on Friday, with major coins such as Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) undergoing noticeable price declines. Bitcoin, the largest digital asset by crypto market capitalization, saw a decrease of over 4% in the last 24 hours, dropping to approximately $63,400, according to CoinGecko. Bitcoin’s Halving and…
Former Three Arrows Capital co-founder sparks controversy amid bankruptcy fallout
Adam Davies’ Unapologetic Stance Amid Three Arrows Capital’s Bankruptcy: A Troubled Entrepreneurial History and Evasion of Legal Consequences Adam Davies, the co-founder of the now-bankrupt Singaporean hedge fund Three Arrows Capital (3AC), continues to stir controversy following the fund’s collapse. In a recent episode of the Unchained podcast on March 19, Davies reiterated his lack…
U.S. Government wants to sell private jets linked to FTX’s Sam Bankman-Fried
On March 22, 2023, the U.S. Attorney’s Office for the Southern District of New York filed a request with the U.S. District Court to sell two private aircraft belonging to Sam “SBF” Bankman-Fried, the former CEO of cryptocurrency exchange FTX. According to the filing by U.S. Attorney Damian Williams [stated in the document], this move…
ESMA’s resource constraints hinder the EU’s crypto regulation efforts
The contact Union (EU) is encountering a substantial challenge in creating a robust regulatory framework for cryptocurrencies due to the resource constraints faced by the contact Securities and Markets Authority (ESMA), which could potentially place the EU at a disadvantage compared to other global markets in adopting cryptocurrencies and blockchain technology. ESMA’s Resource Challenges: A…
Still Wakes the Deep: Release Date Revealed in Stunning Trailer
During the exhilarating reveal at the Future Games Show Spring Showcase, gaming aficionados were granted an unforgettable moment as the release date for the greatly anticipated narrative horror game, “Still Wakes the Deep,” was announced. This title, developed by the esteemed team at The Chinese Room – renowned for their earlier works such as “Dear…
Hedera (HBAR) Elevates UK’s Crypto Landscape by Joining UKCBC with Ripple and Coinbase
In a Strategic Move to Transform the UK’s Cryptocurrency Landscape: Hedera (HBAR), a leading blockchain platform, recently announced its latest collaboration by becoming a member of the esteemed UK Cryptoasset Business Council (UKCBC). This significant move positions Hedera alongside industry giants such as Ripple and Coinbase, marking a new chapter in the UK’s burgeoning crypto…
UAE Central Bank piloting CBDC with UAE Commercial Banks and payment processors
Overview The Central Bank of the United Arab Emirates (UAE) is spearheading the adoption of a Central Bank Digital Currency (CBDC) within the country, known as the digital Dirham. In a recent report titled “The digital assets innovation opportunity in MENA” by EY, it was revealed that all UAE licensed financial institutions (LFI) are expected…
Coinbase surge triggers ARK Invest’s $52M profit-taking move
ARK Invest, the innovative investment firm helmed by Cathie Wood, has recently executed a noteworthy move in its investment portfolio by selling off a substantial chunk of its holdings in Coinbase. This divestment amounted to 199,526 shares, equivalent to approximately $52.3 million based on Coinbase’s closing price at that time.ARK had made this decision amid…
Silvergate to face lawsuit over alleged FTX exchange fraud
Class-Action Lawsuit Against Silvergate Bank: Allegations of Facilitating Fraud at FTX and Alameda Research In a notable turn of events within the cryptocurrency banking sector, Silvergate Bank is facing a class-action lawsuit following accusations from FTX users. These allegations claim that Silvergate played a role in enabling fraudulent activities at the exchange and its affiliate,…
Researchers discover critical vulnerability in Apple M-Series chips
In a recent development, academic researchers have disclosed a new vulnerability, referred to as GoFetch, within Apple’s M-series chips used in Mac devices. This flaw could potentially enable attackers to extract sensitive cryptographic keys from these devices without requiring elevated system privileges. The vulnerability, deeply embedded in the microarchitectural design of Apple’s silicon, is proving…
BlackRock receives memecoins and NFTs amid $100M deposit
Asset management behemoth BlackRock has recently garnered attention for its entry into the realm of memecoins and non-fungible tokens (NFTs), indicating a major pivot in its stance towards digital assets. According to on-chain investigations, BlackRock now holds a portfolio worth over $40,000 in memecoins and NFTs following the establishment of its new tokenization fund. BlackRock’s…
Compass Coffee and Coinbase Stir the Pot: A Leap Towards Crypto Payments
Compass Coffee, a well-established coffee chain with a robust presence in the bustling city of Washington D.C., has recently forged an innovative partnership with Coinbase, the leading cryptocurrency exchange based in the United States. This collaboration marks a momentous shift in the retail landscape, making Compass Coffee the pioneer café in the D.C. metropolitan area…