The Bank of Thailand has announced that it would finally legalize virtual banks in the nation. A Bloomberg report forecasts that by 2025, financial institutions would be able to provide their services. The central bank’s “Consultation Paper on Virtual Bank Licensing Framework” states that by the end of 2023. Applications
January 16, 2023 2 mins read
Djed, the Cardano-powered stablecoin, will be released in the latter half of January. According to the official account for the stablecoin. The Cardano community, which has been anticipating the launch of the first algorithmic stablecoin on the world’s biggest proof-of-stake blockchain, responded positively to this news. The COTI decentralized payment
January 15, 2023 1 min read
The price of the Tera Classic (LUNC) cryptocurrency has risen dramatically after a recent integration with the Interchain Station platform. Jared, the chief developer at Terraform Labs, made the news on his Twitter page. Saying that the renamed Terra network would be working with a number of other blockchains, including
January 15, 2023 2 mins read
In light of its insolvency, cryptocurrency lender Celsius Network’s mining division has published a notice to sell off mining hardware valued at $1.3 million. Celsius said on January 11 that it will be selling 2,687 MicroBT M30S ASIC rigs to investment company Touzi Capital in a petition with the United
January 14, 2023 1 min read
The Miami Heat, one of the NBA’s most successful franchises, has ended its affiliation with the FTX cryptocurrency exchange. The basketball powerhouse’s home arena, once known as FTX Arena, will hereafter be known as something else. The partnership between Miami-Dade County (where the NBA club is based) and FTX was
January 14, 2023 2 mins read
Reports from legal counsel indicate that FTX has recovered approximately $5 billion in cash and cryptocurrency. As a result, this finding has a substantial effect on the amount of assets that may be recovered from the company’s original bankruptcy filing in November of last year. The rumored $425 million being
January 12, 2023 2 mins read
Although substantial use of digital assets already existed in El Salvador. The country’s formal acceptance of a regulatory framework for all cryptocurrencies marks a significant step forward. The legislation was officially enacted today, according to the National Bitcoin Office of El Salvador (ONBTC). In light of its “first-mover advantage.” The
January 12, 2023 1 min read
It has been reported that the South Korean National Tax Service (NTS) has launched a special tax inquiry against Bithumb Korea and Bithumb Holdings. To check on the cryptocurrency platform’s compliance with local taxes regulations. Both Kang Jong-hyeon (who is widely believed to be the exchange’s true owner) and his
January 12, 2023 1 min read
The brother of a former Coinbase employee was found guilty of his part in an insider trading conspiracy involving cryptocurrencies. To one count of conspiracy to commit wire fraud, Nikhil Wahi, brother of former Coinbase product manager Ishan Wahi, pled guilty in September. Wahi was handed a 10-month jail term
January 11, 2023 1 min read
Apple is said to be releasing its first foray into the metaverse. A high-end mixed-reality headset, to the public for the first time this spring after years of development. Soon after Apple’s spring product reveal, the rumored release date for the integrated AR/VR headset, along with new iPhones and other
January 10, 2023 2 mins read
