Omar Sultan Al Olama, minister of the digital economy in the United Arab Emirates, has said that the Virtual Assets Regulatory Authority (VARA), the country’s virtual assets regulator, has not awarded any operational licenses as of yet. Al Olama allegedly said during the WEF that neither Binance nor FTX, nor
January 21, 2023 2 mins read
The Federal Reserve, according to the WSJ, has begun looking into Goldman Sachs. The publication claims the investigation is focused on whether or not the bank “ramped up consumer lending” with adequate protections in place. It’s no exaggeration to say that Goldman Sachs Group Inc. is among the world’s most
January 20, 2023 1 min read
Companies in the conventional IT business have started laying off workers alongside those in the cryptocurrency sector. Microsoft made the decision to lay off 10,000 workers recently. Other well-known companies, such as BlackRock, Amazon, and Meta, have already revealed such initiatives. A further industry leader in technology has just been
January 20, 2023 2 mins read
Binance said on January 19 that it will be increasing the requirements for listing non-fungible tokens (NFTs). All non-fungible tokens (NFTs) that were posted on Binance before October 2, 2022, and that had a daily trading volume of less than $1,000 between November 1, 2022, and January 31, 2023, will
January 19, 2023 1 min read
One of the most well-known DEX aggregators, 1inch Network, has now released its own multi-coin hardware wallet, further diversifying its ecosystem. The 1inch Foundation has funded the last phases of development of the cryptocurrency wallet, and it is scheduled to be on sale later this year. Hardware wallets, also known
January 19, 2023 2 mins read
ConsenSys, an Ethereum development firm and the creator of the popular MetaMask wallet, has announced it would be laying off 11 percent of its staff. The announcement was made by CEO Joseph Lubin in a blog post earlier today. In light of what Lubin calls “challenging and uncertain market conditions,”
January 18, 2023 1 min read
Binance, the biggest cryptocurrency exchange in the world, has stated that its services in Poland now conform to all local regulations governing the provision of virtual asset service providers (VASPs). In order to keep utilizing Binance Poland’s services, Polish customers must agree to the company’s updated Terms and Conditions. Binance
January 18, 2023 1 min read
Due to technological difficulties, the European Union has to postpone the implementation of its major new law, the Markets in Crypto Assets Regulation (MiCA). But the final vote won’t happen until April at the earliest. Problems in translating the roughly 400-page document into the 24 official languages of the union.
January 17, 2023 1 min read
When it comes to Bitcoin and other digital currencies, the Reserve Bank of India (RBI) has issued a strong warning. Governor of the Reserve Bank of India Shaktikanta Das said, in light of the FTX disaster, that such illiquid instruments “are nothing but gambling” and that their apparent value is
January 15, 2023 1 min read
During the experimental phase of a proposal to create a currency using the Stellar network. Ukraine’s Tascombank attempted to pilot test an “electronic hryvnia.” According to a report released by the bank. The currency was used in trials to settle payments between buyers and sellers. To clarify, the bank said
January 15, 2023 2 mins read