Industry News
Hong Kong’s Monetary Authority launches its stablecoin sandbox
Hong Kong’s Regulatory Sandbox: A Significant Development in Stablecoin Regulation The regulatory landscape for stablecoins, which are digital currencies pegged to the value of traditional fiat currencies such as the U.S. dollar or Hong Kong dollar, has been a subject of intense debate and discussion in recent years. Stablecoins have gained significant attention due to…
Central Bank of Nigeria’s inability to defend the naira raises concerns
The Economic Intelligence Unit’s Analysis of Nigeria’s Economic Challenges: A Focus on the Central Bank of Nigeria and the Naira The Economic Intelligence Unit (EIU) has recently released an in-depth analysis of Nigeria’s economic situation, with a specific focus on the challenges faced by the Central Bank of Nigeria (CBN) in stabilizing the local currency,…
Dune Imperium to Release on Xbox Tomorrow
Prepare for an Epic Digital Experience: Dune Imperium Introducing Dune Imperium Digital For gaming enthusiasts and sci-fi aficionados, an exciting new adventure awaits! Starting March 13, 2023, Dune Imperium Digital will be available on screens both big and small. After a successful early access phase on PC, this thrilling blend of card play and strategy…
Crypto service providers on notice as EU enforces new sanctions laws
The contact Parliament has taken a significant step towards enhancing its sanctions enforcement mechanisms by approving a comprehensive set of laws aimed at harmonizing the application and implementation of EU financial sanctions across all 27 member states. This decisive move comes in response to growing concerns over potential violations of EU financial sanctions, particularly in…
MetaMask and Mastercard Unite to Launch On-Chain Payment Card.
MetaMask and Mastercard: Bridging Traditional Finance and Cryptocurrencies with an On-Chain Payment Card MetaMask, a prominent cryptocurrency wallet solution, is making headlines for its groundbreaking collaboration with Mastercard. This partnership marks a significant milestone in the fusion of traditional finance and the evolving world of cryptocurrencies, as they work together to test a payment card…
XRP’s meteoric rise fueled by mystery whale moves
The cryptocurrency market has witnessed a remarkable surge in the price of XRP, which has seen a significant increase of 10%, reaching $0.6921. This price rise can be attributed to a series of substantial transfers within the XRP community, with one transfer involving 100 million XRP units making headlines. Over the past week, XRP has…
Federal Reserve cuts interest rate amid inflation concerns
Federal Reserve Cuts Interest Rates Amidst Economic Uncertainty: A Look at Economists’ Perspectives and Jamie Dimon’s Take Amidst the backdrop of an evolving economic landscape, the U.S. Federal Reserve (Fed) recently announced a significant decision to cut interest rates in June. This action was driven by the Fed’s need for more data to confirm inflation…
FDIC vice chair seeks clearer SEC crypto asset guidelines
Recent Call for Precise Regulatory Guidance within the Cryptocurrency Sector: FDIC Vice Chair Travis Hill Urges SEC to Refine Definitions of Crypto-Assets In a recent statement, the Federal Deposit Insurance Corporation (FDIC) Vice Chair, Travis Hill, issued a compelling plea to the Securities and Exchange Commission (SEC), emphasizing the need for more precise regulatory guidance…
Elon Musk announce plans to make xAI Grok open-source
Elon Musk, the visionary entrepreneur behind revolutionary companies such as Tesla and SpaceX, recently took to X, his social media platform, to announce his intention to make the artificial intelligence (ai) model Grok, created by xAI, open source. This decision comes in the midst of a lawsuit Musk filed against OpenAI due to allegations of…
Defi protocol Unizen to reimburse users after its recent hack
Unizen Takes Swift Action to Address $2.1 Million Security Breach and Reimburse Affected Users Decentralized finance (DeFi) protocol Unizen recently experienced a security breach, resulting in the loss of approximately $2.1 million in user funds. In response to this unfortunate incident, the platform has taken immediate steps to address the situation and reimburse affected users….
Gaming tokens hit the roof amid Bitcoin’s surge
Over the Past Weekend: The crypto market experienced a noteworthy surge, with tokens linked to video games and gaming chains witnessing remarkable gains. This uptick in value coincided with Bitcoin’s brief touch of $70,000 once again. A Staggering Rise for Gaming Tokens One notable token leading this charge was the GALA token within the Gala…
BlockFi’s Zac Prince transitions into Real Estate tech
The former CEO of BlockFi, Zac Prince, is embarking on a new adventure as he transitions from the volatile world of cryptocurrency to the more stable realm of real estate technology. Following BlockFi’s settlement with the estates of FTX and Alameda Research, which could potentially result in a full recovery for the crypto lender’s users,…
Bitget Wallet Set to Advance Web3 with BWB Token Launch
A Game-Changing Announcement: Bitget Wallet Unveils Plans for Native Token BWB In a move set to redefine the Web3 landscape, Bitget Wallet, a leading non-custodial wallet service with over 12 million users worldwide, has declared its intentions to introduce a native cryptocurrency token named BWB. This development marks a pivotal moment for the platform as…
Unibot Core Team Embarks on a New Chapter in Solana Deployment
The Unibot Core Team has made a pivotal decision to realign its approach to deploying Unibot on the Solana blockchain, as part of its commitment to upholding the project’s foundational values of transparency, security, and honesty. This strategic shift marks a significant departure from the team’s previous collaboration with an external group responsible for Unibot’s…
MicroStrategy completes $800M fundraise to boost Bitcoin holdings
MicroStrategy, a leading business intelligence company, has recently finalized an impressive $800 million fundraising initiative to expand its existing Bitcoin holdings. This significant investment saw the acquisition of an additional 12,000 BTC, boosting the company’s total Bitcoin assets to a substantial 200,000 BTC. The fundraising campaign was executed through a private offering of senior unsecured…
Arbitrum confirms removal of funding for Tornado Cash legal defense
Recent Developments in the Arbitrum DAO: Scrapping a Proposed Funding for Tornado Cash Developers Background of the Controversial Proposal The Arbitrum Decentralized Autonomous Organization (DAO) recently faced a significant decision when it came to a proposal that aimed to provide financial backing for the legal defense of Tornado Cash’s developers. The proposition suggested drawing almost…
Snoop Dogg’s Latest Obsession? Discover the Crypto Casino Revolutionizing Online Entertainment
Roobet: The Future of Online Entertainment and Gambling with Cryptocurrency, Celebrity Partnerships, and Provably Fair Gaming In the ever-evolving landscape of contact entertainment, casino games have continued to captivate audiences with their unique blend of excitement, skill, and the potential for fortune. Amidst this dynamic industry, one innovative platform has emerged as a trailblazer in…
Optimism and caution surround Arbitrum’s massive unlock
Arbitrum Unlocks Over 1.1 Billion Tokens: Market Implications and Perspectives The highly-anticipated Arbitrum token unlock event is set to occur on March 16, releasing approximately 1.1 billion ARB tokens worth around $2.32 billion into the market. Understanding Arbitrum’s Token Unlock: A “Cliff Unlock” The token unlock, known as a “Cliff Unlock,” implies the release of…
USDT stablecoin is now available on Celo blockchain
Tether, the stablecoin issuer behind USDT, has taken a significant step forward in expanding its reach and enhancing its functionality by launching on the Celo network. This new development marks a strategic collaboration between Tether and Celo, a carbon-negative, permissionless platform compatible with the Ethereum Virtual Machine (EVM), aiming to facilitate efficient transactions and boost…
UAE adopts Cardano blockchain to enhance criminal investigation security
The United Arab Emirates (UAE) Utilizes Cardano Blockchain for Criminal Investigations: A Game Changer in Global Data Management The United Arab Emirates (UAE) has taken a significant stride towards embracing advanced technology for its criminal investigation operations by incorporating the Cardano blockchain. This groundbreaking announcement was made during the World Police Summit in Dubai, where…