A new law that would establish guidelines for the provision of crypto services in Australia has been submitted. The proposal has been submitted to the Australian Parliament. Digital Assets (Market Regulation) Bill 2023 was introduced by Senator Andrew Bragg as a private senators’ bill. This was with the stated purpose
March 29, 2023 1 min read
Galaxy Digital, a Canadian investment business run by blockchain advocate Mike Novogratz, reported a preliminary pre-tax profit of $150 million from January 1, 2023, through March 24, 2023. This figure was announced on March 28. After a $1 billion net loss in 2022. Mostly attributable to an unrealized $659 million
March 28, 2023 1 min read
As part of a sweeping revision of anti-money-laundering regulations. Lawmakers in two influential committees of the European Parliament decided to place restrictions on payments. Specifically made by individuals who cannot prove their identity. Plans to establish a new European Union Anti-Money Laundering Agency, AMLA, and prohibit firms from receiving significant
March 28, 2023 2 mins read
Recently, decentralized exchange dYdX made the decision to move away from Ethereum by announcing the launch of its V4 private testnet. The entire platform rollout to Cosmos is scheduled for the end of September this year. Teams of developers may use the Cosmos SDK to quickly and easily create their
March 27, 2023 1 min read
OKX, a cryptocurrency exchange, revealed its plans for development for the year on Monday with the release of the OKX public chain development roadmap. OKB Chain (OKBC) is a public chain project started by OKX in February with the intention of developing a ZK-based Layer 2 scaling solution for the
March 27, 2023 2 mins read
The cryptocurrency market is now enjoying positive momentum, having just recovered from a dismal spell that lasted throughout February. Bitcoin and Ethereum, the two digital currencies leading this upswing, are doing particularly well despite heightened US government regulation. Arbitrum (ARB), PancakeSwap (CAKE), and Ethereum (ETH) are the top three most
March 25, 2023 3 mins read
The bulk of the funds stolen from the decentralized finance (DeFi) platform Euler Finance in March 2023 seems to have been returned to the platform. Even if part of the funds are still with the exploiter, the Euler hacker reportedly surrendered as much as 51,000 ETH on Saturday. On or
March 25, 2023 1 min read
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
