The decentralized social media platform Damus, dubbed a “Twitter killer” by its developers, has been accepted into the Apple App Store. After what it says were at least three denials. The Damus team verified the permission to its 11,500 Twitter followers on January 31. Shortly after, Jack Dorsey, co-founder of
The Ethereum-based social token platform Rally announced its closure on Tuesday. The Rally sidechain’s shutdown was announced in an email delivered to the Rally community on January 31st. Rally indicated that 2022 was a difficult year for the platform and the broader crypto sector. Despite the team’s best efforts, “the
One of the leading banks, HSBC, has recently advertised several high-level roles in the cryptocurrency sector. Suggesting that it may soon join the burgeoning digital asset sector. Recent job postings indicate that the industry’s dominant financial institution is actively seeking to hire a Product Director with responsibility for managing “tokenization”
Over a year after planning, developing, and a passing security audit. Cardano’s native overcollateralized stablecoin, Djed, finally launched on the mainnet on January 31. Djed is a cooperative project between COTI (a layer 1 blockchain network) and Input-Output Global (IOG), the blockchain firm behind Cardano. The stablecoin is now accessible
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
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
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.
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
As shown by court documents, on January 25th, insolvent Bitcoin mining company Core Scientific filed an emergency petition in an attempt to sell $6.6 million in Bitmain coupons. According to the filing, the vouchers are essentially worthless to Core Scientific because of the constraints placed on them. These vouchers are
Some governing bodies throughout the globe are planning to implement regulations on crypto advertising to protect the public from being misled. The head of Ireland’s central bank does not think highly of cryptocurrencies. On Wednesday, Bloomberg reported that Irish Central Bank governor Gabriel Makhlouf told legislators that the bank is
