Industry News
Ankr Expands Its DePIN Network for Web3 and AI Applications
Ankr, a leading Web3 infrastructure provider, has announced significant expansion to its Decentralized Physical Infrastructure Network (DePIN) service in order to bolster support for the growing demands of Web3 applications and on-chain ai projects. Through seven new partnerships with Ultra Sound Infrastructure providers, including IoTex, Gateway, Storj, Clover, Tencent Cloud, Mind Heart Soul, and Ankr…
HKMA Advances Digital Finance with Phase 2 of e-HKD Pilot Programme
The Hong Kong Monetary Authority (HKMA) Propels Hong Kong into the Forefront of Digital Finance Innovation with the Launch of Phase 2 of the e-HKD Pilot Programme On March 14, 2024, the Hong Kong Monetary Authority (HKMA) announced the next phase of its groundbreaking e-HKD Pilot Programme. This strategic initiative marks a significant step forward…
Robinhood’s assets under custody surpass the $100 Billion mark for the second consecutive month
Robinhood, the innovative brokerage firm based in Menlo Park, California, has experienced a remarkable growth in Assets Under Custody (AUC), exceeding the $100 billion mark for the second month in a row. In February, AUC expanded by an impressive 16% to reach $118.7 billion, showcasing the company’s exceptional ability to manage its clients’ assets. Analyst…
Scaramucci questions Grayscale’s Bitcoin Trust plan
Grayscale’s Strategic Response to Market Uncertainties: Filing for a Spot Bitcoin ETF Renowned investment figure Anthony Scaramucci, known for his association with the cryptocurrency industry, recently expressed skepticism towards Grayscale Investments’ plan to introduce a “mini bitcoin trust.” In response to these concerns and to maintain competitiveness in the cryptocurrency investment landscape, Grayscale made a…
Indonesia sets new crypto rules to boost financial sector
Indonesia’s Proactive Approach to Cryptocurrency Regulations: A Framework for Balanced Innovation On March 13, 2024, the Financial Services Authority (OJK) of Indonesia announced the upcoming release of new regulations covering cryptocurrencies and digital financial assets. Scheduled to take effect in January 2025, these guidelines mark a significant step for Indonesia’s financial sector, with the OJK…
Google Unveils AI Gaming Companion: SIMA
Google’s Groundbreaking Development: Scalable Instructable Multiworld Agent (SIMA) – A New Era of Gaming Companionship Introduction to Google’s Scalable Instructable Multiworld Agent (SIMA) Google has recently announced a groundbreaking development in the gaming industry with its latest creation, the Scalable Instructable Multiworld Agent (SIMA). Based on DeepMind technology, this ai is poised to revolutionize the…
Court backs Australian fintech firm Finder’s financial compliance
The Australian Federal Court has made a landmark decision in dismissing a lawsuit brought by the Australian Securities and Investments Commission (ASIC) against Finder Wallet, a subsidiary of the renowned Australian fintech firm Finder.com. The court ruling upholds Finder’s compliance with financial laws regarding their yield-bearing product, Finder Earn. Court Upholds Finder’s Compliance: A Landmark…
New York Stock Exchange (NYSE) proposes listing for 7RCC’s environmentally-conscious Bitcoin ETF
7RCC Takes a Leap Forward with Environmentally-Conscious Bitcoin ETF Proposal at NYSE The cryptocurrency landscape is witnessing a noteworthy development as 7RCC, a crypto firm, takes significant steps towards introducing an environmentally-friendly Spot Bitcoin ETF in the United States. The New York Stock Exchange (NYSE) has recently notified the Securities and Exchange Commission (SEC) of…
South Africa plans to license 60 crypto platforms by month’s end
South Africa: A Pioneer in Licensing Cryptocurrency Platforms Amidst African Continent The African continent is on the brink of witnessing a groundbreaking milestone as South Africa gears up to license approximately 60 cryptocurrency platforms by the end of this month. This regulatory move places the nation at the forefront of requiring cryptocurrency exchanges to secure…
How MicroStrategy’s bull run is crushing short sellers
Michael Saylor’s MicroStrategy has been making headlines in the stock market lately, causing significant waves and leaving a substantial dent in the pockets of those who have been betting against it. Known for its strong affinity towards Bitcoin, MicroStrategy has experienced an extraordinary surge in value this year alone, with shares tripling since the beginning…
Exploring the interplay between meme coins and native networks
Diving into the Whimsical and Volatile World of Meme Coins: Understanding the Allure of Meme Coins Meme coins, a vibrant and unpredictable subset within the realm of cryptocurrencies, have taken the digital world by storm. These unique assets are a testament to the power of humor and viral content that can ignite excitement among internet…
Solana network grapples with congestions amid security concerns
Addressing Challenges on the Solana Blockchain Network: Chain Congestion and Malicious Activity The Solana blockchain network has been experiencing a multitude of challenges recently, primarily due to an influx of user activity. One of the most pressing issues is chain congestion, which has led stakeholders within the Solana ecosystem to consider significant modifications to the…
Thailand approves tax exemptions for individuals holding crypto
Thailand’s New Tax Breaks for Investment Tokens: Bolstering Fundraising Initiatives and Attracting Investors Thailand’s Government Announces Tax Exemptions for Investment Tokens The recent approval of tax exemptions for investment tokens by Thailand’s cabinet marks a significant step towards boosting fundraising initiatives and solidifying the nation’s position as an attractive investment hub. Effective from January 1,…
CoinShares enters the US with Valkyrie acquisition completion
CoinShares Acquires Valkyrie Funds LLC: Expanding Global Reach and Enhancing U.S. Presence in the Digital Asset Market CoinShares, a contact investment firm specializing in digital assets, has officially completed its acquisition of Valkyrie Funds LLC. This strategic move marks an essential milestone for CoinShares as it bolsters its global reach, particularly in the United States…
Giant Skull, Stig Asmussen’s New Venture, Unveils Ambitious Plans
In an exciting development that has sparked intrigue within the gaming community, Stig Asmussen, a celebrated keyboards director known for his work on titles such as Star Wars: Jedi Fallen Order and God of War 3, has made headlines once more. After leaving Electronic Arts and Respawn Entertainment in 2023, there was much speculation regarding…
Shiba Inu integration with Australian ATMs signals expansion in crypto accessibility
A Major Milestone for Shiba Inu: Integration into LocalCoin’s Crypto ATM Network in Australia The integration of Shiba Inu (shib) into the Automated Teller Machine (ATM) network of LocalCoin, a leading cryptocurrency ATM company in Australia, marks an essential milestone for the meme coin. This development underscores the growing trend of increased accessibility and adoption…
Craig Wright’s Satoshi Claim Under Scrutiny: Ripple CTO Highlights Key Issue
In a recent development that has added another layer of complexity to the ongoing trial regarding the authentic identity of Bitcoin’s mysterious creator, Satoshi Nakamoto, Ripple CTO David Schwartz has weighed in on the allegations against self-proclaimed Satoshi, Craig Wright. As the legal proceedings inch closer to their conclusion, a formidable coalition of notable cryptocurrency…
The one common flaw between centralization and decentralization
The Surprising Resurgence of Cryptocurrencies: A Mutted Picture of Decentralization In the ever-evolving landscape of decentralized finance, Bitcoin has made an unexpected comeback in 2024. With its value reaching a monumental $73,000, it’s not just the OG cryptocurrency that is basking in the limelight. Ethereum and meme-favorite Dogecoin, among others, are also experiencing their moment…
Tether collabs with U.S. authorities to recover stolen money
Tether’s Groundbreaking Collaboration with U.S. Authorities: Recovering $1.4 Million in USDT from Cyber Criminals – A Modern-Day Detective Story The recent news of U.S. authorities in collaboration with Tether, a leading stablecoin issuer, to recover an impressive $1.4 million stolen USDT tokens marks more than just a headline in the ongoing war against digital theft….
Nibiru Chain’s NIBI token skyrockets to $1.4 billion market cap after mainnet launch
Introducing Nibiru Chain: A Groundbreaking Layer 1 Blockchain Platform Nibiru Chain, a newly emerged player in the Layer 1 blockchain landscape, made its grand entrance on March 12. The project was met with an impressive response as its native token, NIBI, experienced a staggering surge of 85% within the first five hours of its launch….