A law to establish guidelines for the use of cryptocurrencies and other similar activities in Kazakhstan has been approved by the upper house of parliament in the country. Local media have claimed that the new legislation “On Digital Assets in the Republic of Kazakhstan” together with other legislative papers pave
Since court decisions from U.S. courts do not have a legal or practical impact in Turkey, the defunct FTX cryptocurrency exchange has asked the bankruptcy court in Delaware to exclude its Turkish subsidiaries from the case. In its Friday filing, FTX also claimed that it has “no reason to believe
After a crackdown on cryptocurrency trading and mining in the middle of 2021, Tron founder Justin Sun claimed Monday that China is plotting a return to the sector. With the introduction of a tax on crypto transactions, China has taken a major step toward cryptocurrency regulation. Justin Sun is unwavering
Under the terms of the multi-year deal, the Premier League will licence official player cards to Sorare, a $4.3 billion fantasy soccer game. Players will be permitted to acquire and utilize NFTs that have been granted formal licencing by the famous football league under the terms of an exclusive multi-year
Monday saw the announcement that Mastercard and Binance will be releasing a prepaid card in Brazil, Latin America’s economic powerhouse. According to the announcement, after Argentina, Brazil will soon get access to the so-called Binance Card. It is now under beta testing and will likely roll out to the public
In a new set of proposed regulations, the Philippines Securities and Exchange Commission (SEC) aims to expand its purview to include virtual currencies and to increase its control over the country’s crypto space. Local media source Manila Bulletin reported on January 25 that the securities regulator has proposed drafting regulations.
CertiK, a blockchain security company, reckons it has identified at least one individual who has been related to the “Monkey Drainer” phishing scheme. A malicious actor going by the name “Monkey Drainer” has been using “ice phishing” to steal NFTs using smart contracts. The perpetrators of this phishing scheme have
A plan to impose the most recent global bank capital regulations was approved Tuesday. By the European Parliament’s Committee on Economic and Monetary Affairs (ECON). According to a Reuters report, the Legislators have also inserted measures addressing dangers associated with crypto assets. Moreover, the basic guidelines were devised by the
The Floki Inu DAO has finally announced the reduction of the FLOKI transaction tax and the proposal to burn the bridge tokens. And it has been claimed that the plan would be offered for voting on January 27, producing major price fluctuations immediately after it is released. The Floki Inu
While the ‘SHIB Army’ anticipated the layer 2 blockchain “Shibarium” launch, the Shiba Inu burn rate skyrocketed 860%. The Shiba community actively tries to increase the token value by the burning mechanism, which is to remove SHIB from circulation. According to the SHIB burn tracker Shibburn, over 22 million SHIB
