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Huobi Founder Reportedly Files Lawsuit Over Trademark Infringement

Huobi founder Li Lin claims that the cryptocurrency exchange is in violation of the terms of the purchase agreement by making use of the Huobi brand. X-Spot Co. Limited, owned by Li Lin, reportedly sued Huobi Global for trademark infringement at the High Court of the Hong Kong Special Administrative

June 22, 2023 2 mins read

European States Support SEC for Binance’s Case Investigation

The major cryptocurrency exchange, Binance got sued by the United States Securities and Exchange Commission (U.S. SEC) earlier this month. However, several crypto community is joining hands thereby supporting the cryptocurrency exchange, Binance. Likewise, European-based financial regulators and police are processing with the SEC to investigate the information on Binance.

June 20, 2023 2 mins read

Terra Co-founder Do Kwon Sentenced to 4 Months Prison in Montenegro

On Monday, the Basic Court of Montenegro decided in favor of the prosecution in the passport falsification case, convicting Terra co-founder Do Kwon and former CFO Han Chang-joon. Within the next six months, Montenegrin officials will have completed their investigation and legal process necessary to extradite Terra co-founder Do Kwon

June 19, 2023 1 min read

Thailand All Set To Start Pilot Project of CBDC for Retail Transactions

This month, under a regulatory sandbox, the Bank of Thailand will start a pilot project to test a central bank digital currency (CBDC) for use in retail transactions. Local media have reported that three payment processors would take part. Up to 10,000 participants will be a part of this August-long

June 13, 2023 2 mins read

BinaryX and AiGC Labs Launching First AI-Powered Virtual Reality Game on the Metaverse

SINGAPORE–(BUSINESS WIRE)–BinaryX announced their plans to expand into Virtual Reality (VR) and Artificial Intelligence Generated Content (AIGC). Building upon their GameFi expertise, BinaryX has reportedly entered into agreements with their VR and AIGC partners, AiGC Labs, to develop a groundbreaking new GameFi genre of AI-based VR games. First AI-Powered Virtual

June 13, 2023 2 mins read

Crypto.com Suspends Exchange Services for U.S Institutional Clients

Crypto.com, the Singapore-based crypto exchange, will suspend exchange services for U.S. institutional clients. This suspension will take effect on June 21. The exchange added that the decision would not affect retail investors.  Crypto.com’s decision to suspend the services comes in the same week as the U.S. Securities and Exchange Commission

June 9, 2023 1 min read

Proof of Talk 2023 Has Just Closed the First Round of Its Start-up Competition!

PARIS–(BUSINESS WIRE)–#DeFi–The competitors for the ‘Top-10 Web3 Startup’ fame at Proof of Talk, organized by X Ventures, have altogether raised over $370 million in various funding rounds previously. Competitors include EtherMail, Sonr, RedStone, WeatherXM, Solity Network, and 3RM. A few facts & figures: Over 200 applications 60% are at seed

June 9, 2023 2 mins read

BinaryX and AiGC Labs Developing First AI-Powered Virtual Reality Game on the Metaverse

Singapore, Singapore, June 7th, 2023, Chainwire BinaryX today announced their plans to expand into Virtual Reality (VR) and Artificial Intelligence Game Content (AIGC). Building upon their GameFi expertise, BinaryX has reportedly entered into agreements with their VR and AIGC partners, AiGC Labs, to develop a groundbreaking new GameFi genre of

June 7, 2023 3 mins read

OKX Partners with Komainu, Enabling 24/7 Secure Trading of Segregated Assets Under Custody for Institutions

ST HELLIER, Jersey, June 6th, 2023, Chainwire OKX, the world’s second-largest cryptocurrency exchange by trading volume and a leading Web3 technology company, and regulated digital asset custody service provider Komainu, today announced that OKX has joined collateral management platform Komainu Connect, enabling institutional customers to conduct secure 24/7 trading of

June 6, 2023 3 mins read