Mon, September 23

Vitalik Buterin Tightens Criteria for Supporting L2s in 2024

Vitalik Buterin, Ethereum’s co-founder, has been at the centre of attention in recent days, both with his significant crypto transactions and his active presence on social media. On his X (formerly Twitter) account, Buterin declared a stricter stance on supporting Layer 2 (L2) projects, stating that, starting next year, he

September 12, 2024 2 mins read

Cardano Founder Denies ADA Staking and Market Cap Claims

Cardano founder Charles Hoskinson recently expressed his frustration over increasing misinformation regarding ADA staking and market cap manipulation. These false claims have become widespread, reaching what Hoskinson described as “epic levels.” A particular rumor asserts that ADA holders are trapped in staking pools. Consequently, this situation prevents them from selling

September 11, 2024 2 mins read

Atomic Wallet Freed from Class Action Lawsuit Over $100M Hack

A federal judge in the United States has dismissed a class-action lawsuit against Atomic Wallet, an Estonian-based crypto firm. Philip Brimmer, a judge in the Colorado district court, agreed, concluding there were insufficient grounds for the U.S. court to handle the case.  Following a $100 million hack in June 2023,

September 11, 2024 1 min read

UAE Boosts Virtual Asset Leadership with SCA and VARA

The United Arab Emirates (UAE) has taken a significant step towards solidifying its position as a global leader in virtual assets. A new cooperation agreement between the Securities and Commodities Authority (SCA) and Dubai’s Virtual Assets Regulatory Authority (VARA).  The agreement was signed in September 2024 at the SCA’s Dubai

September 11, 2024 2 mins read

Australian Crypto Investors Await Clear Regulations as per Swyftx

Jason Titman, CEO of Australian cryptocurrency exchange CEO, Jason titman Swyftx, has noted that millions of potential crypto investors in Australia are hesitant to enter the market due to unclear regulations. Titman predicts that once the regulatory environment stabilizes, between two to six million Aussies will likely venture into cryptocurrency

September 11, 2024 2 mins read

Harris and Trump Odds Shift After The No Crypto Debate

U.S. presidential candidate Kamala Harris’ winning odds in the upcoming presidential election on crypto-based prediction platform Polymarket rose after the presidential debate on Tuesday in Philadelphia. The former president Donald Trump and Harris are at a tie on Polymarket.  Bettors on the prediction platform forecast a 94% chance that Harris

September 11, 2024 2 mins read

PayPal and Venmo Incorporate ENS for Effortless Crypto Transfers

On September 10, ENS Labs, a decentralized naming system based on the Ethereum blockchain, announced the integration of its naming solution into PayPal and Venmo. This move allows users on both platforms to use an ENS domain name instead of a traditional wallet address when transferring cryptocurrencies. By eliminating the

September 11, 2024 2 mins read

US Firm tZERO Obtains Broker Dealer License from Major Regulators

The US regulatory sector has shown persistent evolution this year. While some regulations have posed challenges for crypto advancements, others have aided the industry. Relatedly, in a recent report, tZERO announced that it had received a Special Purpose Broker-Dealer License from regulatory bodies – SEC and FINRA.  According to tZERO’s

September 11, 2024 2 mins read

US SEC Maintains Strict Stance on Crypto Custody Rules for Banks

The U.S. Securities and Exchange Commission (SEC) has reinforced its strict stance on limiting crypto custody services for banks and regulated financial firms. In a recent talk at a banking conference on September 9, SEC Chief Accountant Paul Munter reaffirmed the agency’s firm position on rules governing the custody of

September 10, 2024 2 mins read

North Carolina Senate Passes Bill to Enforce CBDC Ban

The North Carolina General Assembly has passed a bill prohibiting the implementation of a Federal Reserve-issued central bank digital currency (CBDC) within the state, following a Senate override of Governor Roy Cooper’s veto. The Republican-majority Senate voted 27-17 in favor of House Bill 690, surpassing the 60% threshold required to

September 10, 2024 2 mins read