Sat, October 3

FDIC Urges Crypto Clients to Transfer Signature’s Funds

On Tuesday, United States Federal Deposit Insurance Corporation (U.S. FDIC) reported that the account holders of Signature Bank have to close and transfer their funds within the 5th of April 2023. FDIC declares, all the deposit accounts will get transferred to Flagstar Bank.  Are Signature Bank’s Crypto Clients Safe?  All

March 29, 2023 2 mins read

Ripple CTO Mocks SEC and CFTC Regulation Updates

David Schwartz, Ripple CTO’s mockery about the US government institutions has gained various stakeholders’ attention. Commodity Futures Trading Commission’s (CFTC) recent activity of suing Binance and its CEO, CZ is really affecting the crypto market.  Additionally, CFTC proposed Bitcoin, Ethereum, and Litecoin to be commodities. Whereas, U.S. Securities and Exchange

March 29, 2023 2 mins read

Bank of Japan Eyes Offering Safe Digital Payment System Via CBDC

The Bank of Japan has said that it must be prepared to issue a CBDC in order to provide the public with a secure digital payment system. The comments made by Governor Haruhiko Kuroda were published by Reuters on Tuesday. In April, the country’s central bank will launch a pilot

March 28, 2023 2 mins read

EU Authorities Approve Payment Limits on Non-KYC Crypto Users

As part of a sweeping revision of anti-money-laundering regulations. Lawmakers in two influential committees of the European Parliament decided to place restrictions on payments. Specifically made by individuals who cannot prove their identity. Plans to establish a new European Union Anti-Money Laundering Agency, AMLA, and prohibit firms from receiving significant

March 28, 2023 2 mins read

THORChain Temporarily Halts Network Operations Amid Possible Breach

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

Federal Court Halts Binance U.S Deal of Buying Voyager Digital Assets

Bankrupt cryptocurrency lender Voyager Digital had its $1.3 billion asset sale to Binance U.S. put on hold by a federal court on Monday, March 27. This comes on the heels of a lawsuit filed against Binance and its founder CZ by the Commodity Futures Trading Commission (CFTC) for violating federal

March 28, 2023 2 mins read

Disney Lays Off Entire Metaverse Division Abandoning Further Exploration

Recently, interest in the metaverse seems to be waning. According to Google Trends, which measures changes in search interest over time. The term’s popularity peaked around the time when Facebook’s future was dependent on creating an immersive 3D environment. And the firm selected Meta as its new corporate identity. Search

March 28, 2023 2 mins read

Binance CEO CZ Replies to the Disappointing CFTC Complaint

The crypto regulatory landscape is witnessing the most crucial disputes of all time. On Monday, the US Commodity Futures and Trading Commission (CFTC) pulled Binance into a lawsuit, accusing the exchange’s compliance system — calling it a “sham.” Markedly, Binance CEO Changpeng Zhao (CZ) recorded his reply to the regulator

March 28, 2023 2 mins read

Decentralized Exchange dYdX to Transition From Ethereum to Cosmos

Recently, decentralized exchange dYdX made the decision to move away from Ethereum by announcing the launch of its V4 private testnet. The entire platform rollout to Cosmos is scheduled for the end of September this year. Teams of developers may use the Cosmos SDK to quickly and easily create their

March 27, 2023 1 min read