Binance blocked Palestinian crypto funds. The exchange seized cryptocurrency from Palestinians as per the request of the Israel Defence Force (IDF). They refused to return the funds and all the appeals have been denied. Moreover, the assets are frozen and seized. Also, #BoycottBinance is currently trending on Twitter. In addition
August 28, 2024 1 min read
Maker, a leading platform in decentralized finance, has recently undergone a rebranding and is now known as Sky. Alongside this change, their widely-used stablecoin, previously known as DAI, has been upgraded and rebranded as USDS. Users can upgrade from DAI or convert from USDC to NetStable at a 1:1 ratio.
August 28, 2024 2 mins read
Sony is launching the first public testnet for its Soneium blockchain. The Group entered the blockchain space five days ago. They partnered with Startable Labs to launch Soneium, an Ethereum Layer-2 blockchain. Sony Block Solution Labs, Sony’s blockchain division created this project to connect the everyday internet services of Web3
August 28, 2024 2 mins read
The Ministry of Revenue introduced the taxation bill. This new proposal is to implement the crypto-reporting framework created by the Organisation for Economic Cooperation and Development (OECD). This was introduced by Hon Simon Watts on 26 August 2024. The proposals will take effect from 1 April 2026, with the first
August 27, 2024 2 mins read
The United Arab Emirates has requested the French government to provide Telegram founder Pavel Durov with all consular services urgently following his arrest in Paris. The Ministry of Foreign Affairs stated, “Caring for citizens, preserving their interests, following up on their affairs, and providing them with all the aspects of
August 27, 2024 2 mins read
According to the Spotonchain data, a Polygon foundation-linked wallet deposited 15.49M MATIC worth $8.1 million to Binance in the past 5 days. And the wallet still holds 13M MATIC worth $6.78 million under staking. At the same time, 824M $TEL was transferred out of the Telecoin Association wallet to Polygon
August 26, 2024 1 min read
Trump and Kamala are equally standing at the same win rate. Polymarket, the decentralised prediction platform, allows people to bet on their opinions. On a recent poll in the platform, there was a poll between Vice President Kamala Harris and former president Donald Trump. This was aimed to predict the
August 26, 2024 1 min read
The United States attorney for the Eastern District of North Carolina has announced that nearly 5 million dollars worth of Tether USDT has been seized from a crypto scam. These funds were traced to cryptocurrency addresses associated with the laundering of unclean funds stolen from victims by following a ‘Pig
August 23, 2024 2 mins read
Changpeng Zhao (CZ), former Binance CEO is moved from prison to Halfway House amid the legal battles. This development comes as part of the ongoing legal proceedings against Zhao and Binance, which have sent shockwaves through the cryptocurrency industry. The authorities shifted him from the Federal Correctional Institution in Lompoc
August 23, 2024 2 mins read
The cryptocurrency industry has emerged as a significant player in US political financing, with firms spending over $119 million on federal elections. This substantial investment underscores the sector’s growing influence and its keen interest in shaping regulatory policies that could impact its future. Furthermore, the $119 million figure encompasses direct
August 22, 2024 1 min read