Although the Indian government outright banned Binance earlier this year, the biggest cryptocurrency exchange in the world is getting ready to rejoin the Indian market. According to those familiar with the situation, Binance’s re-entry plan includes paying a fine of around $2 million. In order to demonstrate its dedication to
April 18, 2024 2 mins read
One of the biggest cryptocurrency exchanges in South Korea, Upbit, will halt any transactions involving digital assets worth more than 1 million won ($721). This is a reaction to recent developments at Ten&Ten, a local facilitator of deposits and withdrawals and a virtual asset service provider (VASP). Upbit announced the
April 17, 2024 1 min read
A System and Organization Controls (SOC) 2 Type 2 audit has been successfully completed by USDC issuer Circle. An indication of how seriously Circle takes the security of its clients’ data is the fact that it has undergone an audit in accordance with the guidelines set forth by the American
April 17, 2024 1 min read
The Unification Process and the Quest-Based Blockchain RPG, Pixelverse, are the two new additions to the Mon Protocol, Metaverse. Mon Protocol, an intermediary between publishing and blockchain, advances by partnering with Pixelverse, and their collection becomes one of the fundamental components of this novel idea of digital real estate. In
April 16, 2024 2 mins read
In an oversubscribed private investment round, Saakuru Labs successfully secured $2.4 million, marking a major step towards increasing its impact and capabilities. The purpose of this fund injection is to hasten the adoption of the Saakuru Protocol, which has gained a lot of momentum and development in the GameFi sector.
April 16, 2024 3 mins read
At 11.1 Ether (ETH), the floor price of Bored Ape Yacht Club (BAYC) NFTs has dropped to its lowest position since August 2021, a precipitous decline of more than 90% from its high. NFT Price Floor reports that BAYC has fallen 50% since March 1 and is presently reaching a
April 16, 2024 1 min read
Crypto exchange Coinbase has asked a U.S court to review a particular “controlling question” that the SEC brought up in its continuing litigation against the exchange. Coinbase argued in a filing with the U.S. District Court for the Southern District of New York on April 12. The filing mentioned: “The
April 13, 2024 1 min read
The Ultimate Fighting Championship (UFC) and VeChain have established a cooperation to develop tokenized gloves. These gloves may verify their authenticity over the VeChainThor network and keep track of combat data thanks to their near-field communication (NFC) chips. For UFC 300 on April 13, these gloves will make their debut.
April 13, 2024 1 min read
The announcement of OKX, a leading web3 technology firm, as the newest validator on the Chiliz Chain—the first Layer-1 EVM compatible blockchain for sports and entertainment—marks a key milestone for the sports and gaming blockchain industry. By serving as a validator, OKX improves the network’s scalability, security, and governance while making
April 12, 2024 1 min read
io.net and WOMBO have established a strategic alliance that marks a significant step forward for AI computing capabilities. With this partnership, io.net—a leader in decentralized, geo-distributed computing networks—and WOMBO—a generative AI firm well-known for its user-friendly consumer apps—aims to use Apple silicon chip clusters to power machine learning (ML) models. Cloud computing
April 12, 2024 2 mins read