The United Kingdom’s HM Treasury “firmly disagrees” with a suggestion by the House of Commons Treasury Committee to label cryptocurrency trading as gambling. In May of 2023, a cross-party Committee of MPs recommended the new legislation. In its formal report, the Committee noted that crypto assets had “no intrinsic value”
July 20, 2023 2 mins read
Conflux Network, China’s first regulatory-compliant public blockchain, has announced a new cooperation with World Mobile, the only global blockchain-based mobile network. Following the Conflux BSIM card’s successful debut earlier this year, the two businesses will initially collaborate in four areas as part of this relationship. 1) Public Bridging World Mobile Token (WMT)
July 20, 2023 2 mins read
The much-anticipated release of the Shiba Inu wallet was announced via the official Tangem Twitter account. Early clients may expect to get their state-of-the-art wallets as early as next week, as per the tweet. Tangem and Shiba Inu have been working together on an innovative cold wallet solution since early
July 19, 2023 2 mins read
Vitalik Buterin, Ethereum’s co-founder, has discussed some of the obstacles that have arisen throughout the process of introducing account abstraction on the blockchain, despite the fact that this new feature is seen as an impetus that might bring one billion people to Ethereum. On July 18 at the Ethereum Community
July 18, 2023 1 min read
According to the BNB burn portal, Binance will burn 1.99 million BNB tokens as part of its 24th quarterly burn mechanism. To reduce the total number of BNB tokens in circulation, Binance has implemented a process called BNB Auto-Burn. The BNB price has been stuck around the $250 mark for
July 18, 2023 1 min read
Today marks Binance’s sixth anniversary. To mark the occasion, the founder and CEO of the world’s largest exchange Changpeng Zhao (CZ), has reflected on a number of moments in the platform’s history. The company’s chief executive said in a statement that Binance began operations in 2017 as a crypto-to-crypto exchange supporting five currencies
July 14, 2023 3 mins read
After the departure of Han Ng, Binance hired Eleanor Hughes to fill the position of general counsel. Last week, not only Ng, but also the chief strategy officer of Binance Patrick Hillmann, and the senior vice president of compliance at the cryptocurrency exchange, Steven Christie, resigned from their positions, leading
July 13, 2023 1 min read
According to a court filing made on Thursday, the U.S. SEC is suing defunct cryptocurrency lender Celsius Network and its founder and former CEO Alex Mashinsky. According to Bloomberg, citing a source familiar with the matter, Alex Mashinsky was detained on Thursday morning as a result of the ongoing investigation
July 13, 2023 2 mins read
XDC Network, a leading blockchain platform is delighted to announce its strategic partnership with SolidityScan, a prominent blockchain security firm. This partnership sets the stage for a dynamic collaboration aimed at bolstering security measures and fostering innovation within the blockchain ecosystem. 🚨Partnership Alert🚨 We are excited to announce that we
July 12, 2023 3 mins read
Spielworks, a blockchain-based gaming firm, has collaborated with Web3 platform Mycelium Network to provide a refund scheme for sales of non-fungible tokens (NFTs). In a press release, the team noted that participants in the program who purchase “Reverties” (a kind of NFT) are entitled to a complete USDC return. Users
July 12, 2023 2 mins read
