Fri, November 15

Why Are Crypto Traders Feeling the Pressure This Week?

The crypto market is on edge this week as it anticipates potential volatility surrounding two major events: the Trump versus Harris debate on September 10 and the Consumer Price Index (CPI) report on September 11. According to QCP Broadcast, while the crypto market has stabilised following last week’s downturn, implied

September 9, 2024 2 mins read

Kraken Australia Spotlights Regulatory Uncertainty and Criticizes ASIC

In a recent blog post, Kraken Australia detailed its concerns about ASIC’s judgment, which it believes reflects the broader ambiguity in the country’s regulatory environment. According to Kraken, the ruling exemplifies the challenges that crypto businesses face in Australia, where regulations remain unclear and inconsistent. Kraken Australia’s criticism comes at

September 9, 2024 2 mins read

Snapshot X Debuts Gas-Free Onchain Voting for DAOs

Snapshot X, a governance platform designed for decentralized autonomous organizations (DAOs), has officially launched, offering a Layer 2-based protocol that enables onchain voting without gas fees. This breakthrough is powered by Starknet’s roll-up technology, which aims to streamline the often costly and inefficient voting processes in blockchain projects. Traditionally, DAOs

September 9, 2024 2 mins read

Spanish Banking Giant BBVA Rolls Out USDC Integration for Swiss Clients

Spanish multinational banking giant Banco Bilbao Vizcaya Argentaria (BBVA) has officially integrated USD Coin (USDC), the second largest stablecoin issued by Circle, into its crypto asset services for institutional and private banking clients in Switzerland.  This initiative enables clients to manage their USDC holdings—exchange, custody, or automatically convert USDC into

September 9, 2024 2 mins read

Nigeria SEC Tightens Crypto Regulatory Frameworks for Exchanges

Nigeria’s SEC has planned to take legal action against crypto exchanges and investors. Those who fail to abide by their regulatory frameworks. Nairametrics, a local Nigerian media has reported that Dr. Emomotimi Agama, the SEC Director-General is emphasizing that the committee is determined to protect investors. Similarly, in July, the

September 9, 2024 2 mins read

Binance Indonesian Subsidiary Tokocrypto Secures PFAK License

In the past few weeks, the crypto regulatory division has seen an increase in activity after the recent market lull. Recently, the Nigerian SEC announced that it would be taking action against unlicensed crypto exchanges. Amid the actions and other lawsuits, Binance saw an advancement in terms of regulations.  Notably,

September 9, 2024 2 mins read

LayerZero Airdrop Outperforms Starknet and ZKsync with Anti Bot 

LayerZero, a leading cross-chain protocol, recently made headlines with its successful airdrop of the native ZRO token. Unlike Starknet and ZKsync, LayerZero’s airdrop stood out for its strong anti-bot measures and focus on rewarding real users.  Recently at the Korea Blockchain Week, LayerZero’s CEO, Bryan Pellegrino, explained that their airdrop

September 9, 2024 2 mins read

Trust Wallet Growth Surges Rapidly in Africa and South Asia

Trust Wallet, a leading decentralized crypto wallet backed by former Binance CEO Changpeng Zhao (CZ), is experiencing remarkable growth in Africa and South Asia. Users in these regions increasingly seek stablecoins like USDC to secure their financial assets. The rise in adoption highlights the growing trust in on-chain wallets, particularly

September 9, 2024 2 mins read

FRIEND Token Plummets After Transferring Smart Contract Ownership

Friend.tech, the Web3 social media platform that once surged to prominence, experienced a dramatic downfall after its developers lost control of its smart contracts. On September 8, the team transferred ownership of its smart contracts to Ethereum’s null address. The action was done to prevent future changes to the platform’s

September 9, 2024 2 mins read

PleasrDAO Accuses Martin Shkreli of Noncompliance with Court Order

PleasrDAO, the crypto investors, and NFT collectors are suspecting Martin Shkreli. He is an American investor and businessman who owns the famous and one-of-a-kind Wu-Tang album “Once Upon a Time in Shaolin”, but has not handed over the existing copies of the album, and his claims are dubious. Martin Shrekli

September 9, 2024 1 min read