Mon, December 8

Binance Charity Division Announces Offering 30k Web3 Scholarships

In 2023, Binance Charity, the company’s charity arm, plans to provide 30k scholarships. To deserving students who are interested in pursuing careers in the Web3 industry. In a blog post dated January 20th. Binance Charity revealed that the Binance Charity Scholar Program (BCSP) will provide free Web3 education. And training

January 22, 2023 1 min read

Binance Receives $180 Million From Justin Sun’s Tron DAO

Surprisingly, the blockchain showed a transaction from Justin Sun’s Tron DAO. A Tron DAO wallet sent $180M to the Binance exchange a few hours ago. Given the timeframe, the market impact might occur soon. Users have speculated about the possibility of forthcoming purchasing activity on the market despite the fact

January 22, 2023 1 min read

Ukrainian Authorities Block Russian Crypto Exchanges as per Reports

Ukraine’s financial intelligence agency, the State Financial Monitoring Service (SFMS), has released a special report detailing the outcomes of its work in 2022. The agency said that it has helped with the country’s military effort during the continuing battle with Russia, in addition to its peacetime responsibilities like countering money

January 22, 2023 1 min read

Moody’s Yet Again Lowers Coinbase’s Rating Despite Share Price Surge

On Friday, credit rating agency Moody’s said that it has reduced Coinbase’s (COIN) credit rating and guaranteed senior unsecured notes due to the company’s significantly diminished revenue and cash flow production capabilities. The long-term rating that represents the possibility of default on a business family’s debt, known as the corporate

January 21, 2023 2 mins read

No Crypto Firm Granted Full Market Product (FMP) License Yet by UAE

Omar Sultan Al Olama, minister of the digital economy in the United Arab Emirates, has said that the Virtual Assets Regulatory Authority (VARA), the country’s virtual assets regulator, has not awarded any operational licenses as of yet. Al Olama allegedly said during the WEF that neither Binance nor FTX, nor

January 21, 2023 2 mins read

Robinhood To Add Dogecoin Support Soon For Recently Launched Wallet

With the announcement of the Robinhood Wallet’s release yesterday, Robinhood has officially entered the cryptocurrency wallet market. This is mobile software that allows users to trade and transfer digital assets such as cryptocurrencies and NFTs. The wallet’s other capabilities include the ability to make cryptocurrency exchanges without incurring any network

January 21, 2023 1 min read

Former FTX U.S President Raises $5 Million Funding For New Startup

Former FTX president Brett Harrison, who left the firm in September 2022, has launched a new endeavor to entice traditional financial institutions to join the field of decentralized finance (DeFi). After the former president of FTX US, Harrison, detailed his departure from the firm and his strained relationship with co-founder,

January 21, 2023 2 mins read

Robinhood Releases Software Wallet for Over 1 Million Users

It’s about time that Robinhood started competing in the digital wallet market. The Robinhood Wallet, a mobile app for cryptocurrency exchange, transfer, and the viewing of NFT and cryptocurrency holdings, was released by the company today. According to Robinhood, over a million people have been waiting for it and will

January 21, 2023 2 mins read

Bybit CEO Confirms Exposure of $150M to Bankruptcy Filed Genesis

On January 20th, major cryptocurrency lender Genesis Global Trading became the latest firm to declare bankruptcy. In the aftermath of FTX’s demise by filing for Chapter 11 bankruptcy protection in New York. The crypto community, however, is now more concerned about other businesses that were exposed to the lending organization.

January 20, 2023 2 mins read

Thailand SEC Issues Rules For Firms Offering Crypto Custody Services

On Tuesday, the Securities and Exchange Commission (SEC) of Thailand made public new regulations. For the administration of digital wallets for custody of digital assets and keys.  Since January 16th, the new rules have been in place. The Thai SEC detailed the requirements for companies offering digital asset custody services

January 20, 2023 1 min read
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