The Financial Intelligence Unit (FIU) of Nepal has discovered that, despite a government prohibition on trading digital assets, cryptocurrencies are extensively used to plan cyber-related scams. Money laundering, terrorism funding, and other forms of financial crime are closely monitored and combated by the Financial Intelligence Unit (FIU). The FIU is
November 18, 2024 2 mins read
Similar to a pledge made by US President-elect Donald Trump throughout his campaign, Polish presidential candidate Sławomir Mentzen has pledged to establish a Bitcoin reserve upon his victory in the next election. When asked on November 17 if he would think about creating a Bitcoin reserve, Mentzen said in a
November 18, 2024 2 mins read
Arkham Intelligence, a onchain analytics business, said that Tether minted $1 billion worth of USDT stablecoins on the Tron network without paying any fees for the massive transaction. A transaction from a Tron “black hole address” to Tether’s multisignature wallet starting with the characters “TBPxh” was identified on November 14
November 16, 2024 2 mins read
Fintek Securities Pty Ltd. (Fintek), a trading and brokerage firm with an Australian Financial Services Licence and regulated by the Australian Securities and Investments Commission, was acquired by Crypto.com today. The Crypto.com family of firms will be able to provide qualified consumers with a wide variety of financial products, including managed investment schemes,
November 14, 2024 1 min read
In light of blockchain industry developments and gaming industry issues, this report discusses Oasys’ capabilities and growth potential. It also emphasizes Oasys’ potential to become an infrastructure that satisfies present industry demands. It is challenging to create blockchains tailored for each game since general-purpose blockchains are not game-optimized. Building a sustainable
November 12, 2024 4 mins read
Sonic SVM is happy to announce that its Web3 Applayer, Sonic X has surpassed a critical milestone of 1 million KYC-verified users, representing a pivotal success in Web3 adoption via TikTok. This milestone emphasizes Sonic’s dedication to establishing solid infrastructure and a user-friendly distribution platform, Sonic X, which allows TikTok
November 11, 2024 2 mins read
N3TWORK Studios unveils the Legendary Heroes Unchained (LHU) game on Base together with its Legendary ecosystem, marking a significant milestone for the gaming industry. With the release of LHU’s Epoch 1, N3TWORK Studios presents a cutting-edge digital ecosystem in which users assume the roles of creators and owners, going beyond conventional roles.
November 9, 2024 3 mins read
Alchemy Pay, a cryptocurrency payment gateway, has increased its US compliance with four additional licenses. On November 8th, Alchemy Pay confirmed that it has obtained money transmitter licenses (MTLs) in the states of Wyoming, Oregon, Oklahoma, and Minnesota. Nationwide Multi-State Licensing System and Registry data shows that with these additional
November 8, 2024 2 mins read
Fortune Asia’s first 2024 Asia FinTech Innovators list honors Binance, the world’s leading blockchain ecosystem and cryptocurrency infrastructure provider. Binance’s number 1 ranking in the Blockchain and Crypto category highlights its position as a leader in the quickly evolving world of digital assets. Fortune’s 2024 Asia FinTech Innovators list honors 60 of the
November 8, 2024 2 mins read
After suffering a $230 million breach, cryptocurrency exchange WazirX intends to launch a Recovery Token to pay off creditors. According to the official announcement, creditors will have a concrete way to get their money back since the token would be airdropped to them based on their platform balance. The India-based
November 6, 2024 2 mins read