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India and UAE To Test CBDC Interoperability

India’s central bank, the Reserve Bank of India (RBI), announced its partnering with the Central Bank of UAE (CBUAE). This collaboration enhances both countries’ Central Bank Digital Currency (CBDC) transactions of remittances and trade. Both the central banks signed the Memorandum of Understanding (MoU) on Wednesday in Abu Dhabi to

March 17, 2023 1 min read

CoinRoutes Awarded Patent for Crypto Trading Platform

Enterprise algorithmic trading solution takes aim at arbitrage trading, grants users full control of wallet and keys MIAMI–(BUSINESS WIRE)–CoinRoutes, one of the digital asset industry’s original algorithmic trading platforms, announced Thursday its fourth-generation enterprise trading solution has been awarded a U.S. patent (Patent No.: US 11,580,600 B2) for the core

March 16, 2023 4 mins read

Crypto Firms in India Now Considered ‘Reporting Entities’ on Par With Banks

Despite the fact that the Indian government and central bank have been skeptical of the cryptocurrency market, they are now striving to provide some regulatory clarity to the topic. Crypto and NFT businesses in India are considered “reporting entities” under the country’s Prevention of Money Laundering Act (PMLA), according to

March 8, 2023 1 min read

Singapore Authorities Launch Investigation Into Terraform Labs

On Monday, authorities in Singapore announced that they had opened an investigation into Terraform Labs Pte, the firm co-founded by South Korean national Do Kwon. Terraform Labs is now operational in Singapore, with the number of active projects rising steadily. On March 6, Bloomberg reported that the Singapore Police had

March 6, 2023 2 mins read

Amid Exploit Investigation MyAlgo Warns Users To Withdraw Funds

MyAlgo, a supplier of Algorand network wallets, has issued a warning to its customers to withdraw cash from any wallets established with a seed phrase because of an existing exploit that has seen approximately $9.2 million worth of assets stolen. On February 27, MyAlgo tweeted the warning, saying that it

February 28, 2023 1 min read

Alchemy Announces Launch of Dapp Building Tool For Web3

Whilst widespread adoption is a stated objective in the blockchain sector, educating the general public about Web3 might be challenging. With its new Create Web3 Dapp, or CW3D, platform, Alchemy intends to increase interest in decentralized technologies. Product Manager at Alchemy Elan Halpern stated: “Our overall mission and vision is

February 27, 2023 1 min read

Polygon Co-Founder Says Solana & Aptos Can’t Beat Ethereum

Ethereum scaling network Polygon’s Co-Founder Sandeep Nailwal predicted that Ethereum would be the only standard smart contract protocol that overtakes all other layer-1 competitors such as Solana, Aptos, Cardano, and Avalanche. In a recent interview with Crypto Banter, a YouTube channel, Nailwal said; I don’t think there’s going to be

February 24, 2023 1 min read

Recently Unearthed Crypto Scam Reveals Australians as Most Targeted

A complex international network of crypto call-center fraudsters, allegedly headed by Israeli organized crime kingpins, has been exposed as a major threat to Australian citizens. Australians were determined to be among the most targeted nationalities when Serbian, German, Bulgarian, and Cypriot officials conducted a massive raid on four call centers

February 24, 2023 2 mins read

Sentio raises 6.4M led by Lightspeed to bring modern observability to decentralized applications

Funding round enables Sentio to bring the first end-to-end observability platform to help people gain insights, secure assets, and troubleshoot transactions for their decentralized applications. SEATTLE–(BUSINESS WIRE)–Sentio has raised $6.4 million to bring modern observability to decentralized applications. The funding round was led by Lightspeed Venture Partners with participation from

February 21, 2023 3 mins read