On Wednesday, the U.S. Securities and Exchange Commission (SEC) filed charges of fraud against Chinese cryptocurrency entrepreneur Justin Sun. Among the eight celebrities included in the SEC’s complaint are Lindsay Lohan and Soulja Boy. Since August 2017, Sun and his businesses have been accused of conspiring to distribute billions in
March 24, 2023 2 mins read
Nasdaq, the exchange company, is stepping in to fill the void left by the recent failures of other crypto intermediaries. Earlier in 2022, in September, it was revealed by that Nasdaq Inc. was planning to provide its own cryptocurrency custody services. The most current information indicates that the rollout of
March 24, 2023 1 min read
On March 23, the UAE’s Central Bank unveiled its Central Bank Digital Currency (CBDC) strategy, dubbed “The Digital Dirham.” The Central Bank of the United Arab Emirates (CBUAE) has partnered with G42 Cloud and R3, respectively, to supply the necessary infrastructure and technology for its digital currency initiative. Moreover, a
March 23, 2023 2 mins read
The Telegram Open Network (TON) ecosystem’s leading contributor, Orbs, has announced the public launch of its TON Access service. TON Access is a decentralized RPC provider that is specifically made for TON decentralized apps (dApps), allowing browser-based HTTP requests to the blockchain state. After a successful beta testing period, TON
March 23, 2023 2 mins read
The issuing business for the asset-focused smart contract platform Radix, Radix Tokens (Jersey), has secured $10 million in new funding. The investment gives the Radix platform a $400 million valuation and was made as part of a private capital round that was headed by DWF Labs. After acquiring the extra
March 23, 2023 1 min read
The SHIB burn rate has increased by an incredible 8517% in the previous 24 hours, as reported on the Shibburn website. Within the last 24 hours, 763,406,271 $SHIB tokens have been burned. A measure of how quickly SHIB tokens are destroyed or withdrawn from circulation is known as the burn
March 22, 2023 2 mins read
Cryptocurrency exchange KoinBX announces the listing of ARB, the new governance token of Arbitrum, a leading Ethereum layer 2 scaling solution. Trading for Arbitrum (ARB) spot pairs — ARB/USDT and ARB/INR – will begin on KoinBX on March 24 at 11:30 AM UTC. Furthermore, ARB withdrawals are scheduled to start
March 22, 2023 2 mins read
Circle, the company behind the USD Coin (USDC) stablecoin, has submitted an application for regulatory authorization in France. In order to legally operate in France, the company has applied to become both an Electronic Money Institution (EMI) and a DASP (Digital Asset Service Provider). On March 21, Circle issued a
March 21, 2023 1 min read
Several cryptocurrency companies have rethought their strategies and even pulled out of certain countries due to the regulatory uncertainty that has plagued the crypto business in recent years. One recent instance of this pattern is the news that cryptocurrency exchange OKX would stop operating in Canada as of June 22,
March 20, 2023 1 min read
Trading markets saw a surge of comfort as a result of the last-minute actions made by global financial authorities to avoid the banking disaster. The largest digital currency, Bitcoin (BTC), witnessed a spike of 5% on Monday, allowing it to break the $28,000 barrier after a long time. BitMEX’s previous
March 20, 2023 1 min read
