Problems in the process of registering crypto firms. 77 new crypto firms submitted applications that are yet to review. FCA established a “Temporary Registration Regime”. Crypto firms are struggling to meet the Financial Conduct Authority’s anti-money laundering standards in the United Kingdom. The FCA had only registered five crypto businesses
Pintu, a licensed Indonesian crypto-exchange, revealed an announcement on receiving $6M fund from Coinbase supporting crypto users and industry, on Tuesday. Series A Funding Mission in Indonesia Coinbase launched a new mission called “Coinbase Ventures”. A mission that supports investing in small crypto exchanges and blockchain startups. It completed a
White House Officials monitor the gaps in the digital asset regulations and examine the fluctuations in the market, reports Washington on Tuesday. New Protocols for Crypto investors Washington reports that Biden Authorities meet other government staff to examine the risk involved in the crypto market. The Officials are researching the
Bank of Korea Launches Pilot Program for its CBDC. A total of $4.4 million allocated for the trial. Deciding about an offer for the pilot program is expected from Samsung. The Bank of Korea launches a Pilot program for its central bank digital currency (CBDC). But issuing it is a
The major IT company Globant reveals its purchase of $500,000 worth Bitcoin during the first quarter of 2021. An official announcement was released today morning. Globant, an IT and software development firm, becomes the latest institutional investor of Bitcoin. The purchase of the crypto asset is worth $500K BTC in
BSCPad, the first decentralized IDO platform, TRON, largest blockchain-based operating system in the world, announced a smart partnership for the great launch of “TRONPAD.” TRON launches decentralized tokensales platform TRON‘s official release conveys the launch of its own platform for decentralized tokensales, “TRONPAD”. The first-ever platform for initial DEX offerings.
BSC’s DeFi experienced a flash loan exploit for the second time in a week. A new attack drained $3 million from DeFi platform Bogged Finance. PancakeBunny suffered following a $200M major exploit. Binance Smart Chain decentralized finance ecosystem experienced a flash loan exploit for the second time in a week
The Iranian Government announces to plug-out the power for cryptocurrency miners due to over consumption of power. Illegal crypto mining affects the licensed digital currency miners. Unauthorized Crypto Miners consumes more power Iran worries about crypto mining centers consuming more power. This results in the shortage of electricity faced by
Brooklyn Nets will allow their fans to buy tickets using digital assets in future. The CEO of Brooklyn Nets has not disclosed the name of crypto exchange. Several sports teams are embracing crypto space. The NBA’s Brooklyn Nets, a professional basketball team, makes its big step into the crypto market
Cryptocurrency reaches its highest level of search volume in Google trends. The search interest peaked during the week of May 9th- May 15th, due to the fluctuations of bitcoin value. Google Trends tweeted a report showing that cryptocurrency holds more search quantity in recent times and reaches its all-time high
