Sat, October 3

Crypto Exchange Luno Exits Singapore Market

Luno, a cryptocurrency exchange owned by Digital Currency Group, is discontinuing operations in Singapore. This change is part of Luno’s ongoing process of evaluating its “global strategy and presence,” the company said in a blog post. Furthermore, the company notified the relevant authorities in Singapore. That it was withdrawing its

April 18, 2023 2 mins read

CBDC: Bank of Israel is Soon to Issue “Digital Shekel”

The widespread use of the stablecoin scenario led to Israel’s central bank keeping an eye on Central Bank Digital Currency (CBDC) development. The Bank of Israel (BOI) says it is creating an action plan for the potential issuance of a CBDC, a “Digital Shekel known as SHAKED.” But the report

April 18, 2023 2 mins read

Crypto Exchange Bybit Sets up Its Global Headquarters in Dubai

Crypto exchange Bybit confirmed the opening of its global headquarters in Dubai — the most crypto-friendly hub in the United Arab Emirates (UAE). On Monday, the crypto entity debuted its “new home” after receiving in-principal approval from Virtual Assets Regulatory Authority (VARA) last March for operating in this emirate.  Bybit

April 18, 2023 2 mins read

Nike Releases First NFT Digital Sneaker Drop on .Swoosh Platform

Nike, the footwear giant, is releasing its first NFT drop on the .Swoosh Web3 community platform debuted a few months ago. Our Force 1 (OF1) is a capsule collection of Polygon virtual sneakers NFTs paying homage to the Nike Air Force 1 from 41 years ago. The drop will include

April 18, 2023 2 mins read

NYDFS to Collect Supervisory Fees from Crypto Firms

The New York State Department of Financial Services (NYDFS) has implemented a new regulation. That empowers the government agency to collect supervisory fees from licensed cryptocurrency firms operating within the state. This means that the agency now has the authority to obtain the necessary funds to oversee and regulate the

April 18, 2023 2 mins read

Crypto Exchange Bittrex Charged by SEC for Unregistered Security Offering

Sooner this Monday, the U.S. Securities and Exchange Commission (U.S. SEC) charged Bittrex, a cryptocurrency exchange for unregistered security policies. The CEO of Bittrex, William Shihara, and the representatives had to respond to the complaint raised over Bittrex. Furthermore, it is mentioned that SEC charged Bittrex’s foreign affiliate termed ‘Bittre

April 18, 2023 2 mins read

Over 1M Ethereum (ETH) Worth $2.1B Withdrawn Post Shapella Upgrade

In the first four days after the Shapella hard fork, more than one million Ether worth $2.1 billion were removed from Ethereum’s Beacon Chain, and the price of Ether went above $2,100 for the first time in 11 months. There have been a total of 1.03 million ETH withdrawn from

April 17, 2023 1 min read

NBA Legend Shaquille O’Neal Served Papers in Lawsuit Over FTX Promotion

After being accused by his attorneys of trying to avoid them. Former NBA player Shaquille O’Neal has been served with papers in a lawsuit over his participation in advertising FTX.  O’Neal was listed as a defendant in a lawsuit that was filed in federal district court in Florida in November.

April 17, 2023 2 mins read

Multi-chain Lending Protocol Hundred Finance Exploited of $7.4M

On Saturday, the multi-chain lending protocol Hundred Finance said that it had been hacked on the Ethereum layer-2 blockchain Optimism, losing almost $7 million in the process. The protocol team has warned against speculation until an official statement has been released detailing the findings of the post-mortem they are doing

April 17, 2023 2 mins read

SHIB, 1INCH, TWT and FXS No Longer Confined in Binance Innovation Zone

On Monday, the largest cryptocurrency exchange in the world, Binance, said it will be removing Shiba Inu (SHIB), 1INCH, Trust Wallet Token (TWT), and Frax Share (FXS) from its Innovation Zone. #Binance will move the following tokens out of the Innovation Zone: 🔸 $SHIB🔸 $FXS🔸 $TWT🔸 #1INCHhttps://t.co/BepOq4WVYm — Binance (@binance)

April 17, 2023 2 mins read