As Ottawa tightens its regulatory monitoring of the volatile crypto sector. The Canadian federal government said that federally regulated pension plans in the country would be required to report their exposure to crypto assets to the Office of the Superintendent of Financial Institutions (OSFI). Under the proposed 2023 budget proposal.
March 29, 2023 1 min read
OKX, a cryptocurrency exchange established in Seychelles, has stated that it would be seeking virtual asset licenses under the new regulatory system, as well as Type 1 and 7 licenses under the Securities and Futures Commission (SFC), in order to establish a presence in Hong Kong. In addition, it intends
March 29, 2023 1 min read
In light of recent concerns about a possible network vulnerability, THORChain has temporarily suspended network operations. Following concerns of a possible vulnerability with a THORChain dependency that may harm the network, THORChain went to Twitter on March 28 to say it has paused all trade. THORChain stated the move was
March 28, 2023 1 min read
A multi-year relationship between Gucci and Yuga Labs, the firm behind well-known NFT lines including Meebits, Bored Ape Yacht Club (BAYC), and CryptoPunks, was recently revealed. A press announcement states that the connection between fashion and entertainment in the Metaverse will be the primary focus. The new initiative further establishes
March 28, 2023 2 mins read
With the arrest of Terra’s co-founder Do Kwon and former Chai Corp CEO Han Chang-joon in Montenegro last week, prosecutors in South Korea said on Monday that they are seeking an arrest warrant for Terraform Labs’ co-founder Daniel Shin. Do Kwon and Han Chang-joon, the former CEO of Chai Corp,
March 27, 2023 1 min read
For $500 million, First Citizens Bank has purchased Silicon Valley Bank (SVB). Compared to its $40 billion valuation a year ago, the crypto-friendly Silicon Valley Bank is currently being bought for a whopping 99% discount. As of now, First Citizens BancShares has accepted deposits totaling $119 billion. On Monday, the
March 27, 2023 1 min read
MyAlgo, a supplier of Algorand network wallets, has issued a warning to its customers to withdraw cash from any wallets established with a seed phrase because of an existing exploit that has seen approximately $9.2 million worth of assets stolen. On February 27, MyAlgo tweeted the warning, saying that it
February 28, 2023 1 min read
In order to accommodate the needs of its non-banking members. The Tel Aviv Stock Exchange (TASE) is open to the idea of allowing cryptocurrency trading. Its suggestion is a direct outcome of last year’s industry crisis. Which, according to many watchdogs, was necessary in order to implement stronger restrictions. The
February 28, 2023 2 mins read
The Rock Trading (TRT), a prominent crypto exchange in Italy, emailed its customers on February 17 to inform them that it was experiencing liquidity concerns and would be “interrupting” its operations. The email read: “The company is conducting internal audits to identify the causes of the problem and evaluating the
February 27, 2023 1 min read
The collapse of FTX last autumn was a bad omen for the crypto sector, damaging the young industry’s credibility and trustworthiness. And this is a huge pushback, says Emin Gün Sirer, CEO and founder of Ava Labs. Sirer stated: “The damage that Sam did is immeasurable. All of that goodwill
February 27, 2023 2 mins read
