Gemini is expanding outside the United States with the development of a derivatives platform that will service 30 nations and territories. The notable cryptocurrency company established by Tyler and Cameron Winklevoss revealed the intention in late April and made the announcement on Tuesday. This, adds to a rising trend of
May 2, 2023 2 mins read
Revolut, a digital bank, has recently opened in Brazil, making its services available to Brazilian citizens for the first time. Revolut has already introduced its solutions in Europe and other locations, but this is the company’s first entry into the Latin American market. Foreign exchange and remittance services in numerous
May 2, 2023 2 mins read
First Republic Bank (NYSE: FRC) is being acquired by JPMorgan Chase & Co (JPM.N) after extensive efforts by U.S. authorities to save the bank failed. The FRC will be seized by financial authorities in advance of the sale. However, Citizens Financial Group Inc (CFG.N) and PNC Financial Services Group (PNC.N)
May 1, 2023 1 min read
Doodles has evolved from its original form as an Ethereum profile picture (PFP) to now allow for completely modifiable avatars. With the support of Pharrell Williams and Adidas. Today witnesses the release of the Doodles 2 Character Builder inside The Stoodio app for NFT holders. In celebration of the release
April 29, 2023 2 mins read
On Saturday, the Joint L1 Task Force, a group of Terra Classic (LUNC) developers, shared their Q2 plan, including the timeline for upcoming network enhancements, governance suggestions, and more. The development team is aiming to implement the Cosmwasm v1.1.0 update (parity) in May. It will let projects and builders on
April 29, 2023 2 mins read
Ryan Salame, the ex-CEO of FTX’s Bahamian subsidiary, allegedly had his house inspected by the FBI. The massive downfall of the once-prominent crypto behemoth has been followed by many months before the raid. Authorities, prosecutors, and disgruntled investors all say the exchange cheated its clients out of money, and they
April 28, 2023 2 mins read
A month ago, Huang Tien-mu, chairman of Taiwan’s Financial Supervisory Commission, made it official that the commission would be responsible for crypto regulation in the region. There are two financial watchdogs in Taiwan. The Central Bank of the Republic of China and the FSC. Foreign exchange laws and monetary policy
April 28, 2023 1 min read
CertiK, a blockchain security company, and Merlin, a decentralized exchange (DEX) powered by zkSync, are collaborating on a proposal to compensate consumers whose funds were stolen in a recent hack. On Thursday, Merlin disclosed that the incident—widely interpreted as an exploit—was actually a rug pull. It was done by a
April 27, 2023 1 min read
OKX, a cryptocurrency exchange, is the first multi-chain platform that allows the viewing and transfer of Bitcoin ordinals in the OKX Wallet and the OKX NFT Marketplace. Bitcoin NFTs, sometimes known as Bitcoin ordinals, are digital assets inscribed on the Satoshi. Bitcoin Ordinals surged in popularity, helping to revive the
April 27, 2023 2 mins read
The Securities Commission of the Bahamas (SCB) has instituted stringent new regulations for Virtual Assets Service Providers (VASPs) seeking to operate within its jurisdiction as a means of demonstrating that it has learned from the demise of the FTX Derivatives Exchange. The SCB claims it has raised financial and reporting
April 26, 2023 2 mins read