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Dutch Crypto Firms Secure Partial Legal Victory Against Regulatory Fees
5.10.2023
Crypto firms in the Netherlands, including Bitvavo and Coinmerce, have achieved a partial victory in their legal battle against fees totaling $2.3 million imposed by Dutch regulators. They argued that these fees were excessive and discriminatory....
Read More: Dutch Crypto Firms Secure Partial...
Close Associates of Sam Bankman-Fried to Take Stand Today in Ongoing Trial
5.10.2023
As the trial of the former CEO of collapsed crypto exchange FTX Sam Bankman-Fried enters its third day, the prosecution is expected to call two close associates of the defendant to the stand.
Bankman-Fried faces seven counts bordering on fraud and related conspiracy to commit fraud with...
TRON DAO and GT Protocol enter into a partnership
5.10.2023
TRON DAO has announced its partnership with GT Protocol. This empowers its users to access AI-powered automation, making it convenient for users to explore the ecosystem of Tron. GT Protocol has echoed this announcement, saying that the integration is a result of incubation by ChainGPT. It will...
“CBDC to Aid Taxation” Argentina’s Central Bank Backs Massa’s Plan For a Digital Peso
5.10.2023
Argentina’s central bank has expressly backed Sergio Massa’s bid to roll out a Central Bank Digital Currency (CBDC) if elected President.
Juan Agustín D’Attellis Noguera, a director of Banco Central de la República Argentina explained that a ‘digital peso’ will offer multiple benefits for...
Exclusive: India Will Be Core Hub for Web3 Innovation, Says Gemini APAC CEO
5.10.2023
In an exclusive interview with CryptoNews, Gemini APAC CEO and Global Chief Technology Officer (CTO), Pravjit Tiwana, shared insights into the company's strategic vision for India as their core hub for Web3 innovation.
Tiwana believes that India will play a pivotal role in leading web3 innovation...
POL Contracts go live on Goerli Testnet
5.10.2023
Polygon has announced that POL contracts are now live on Goerli Testnet. POL is the upgraded token for the Polygon ecosystem. It is alternatively identified as the next-generation token for MATIC. POL was introduced three weeks ago with a Polygon Improvement Proposal (PIP). Now, Goerli Testnet...
HKEX Unveils 'Synapse' Platform Using Smart Contracts for Enhanced Equities Settlement
5.10.2023
On Wednesday, October 4, Hong Kong Exchanges and Clearing Limited (HKEX) introduced an upgraded version of its Stock Connect program called "Synapse."
Synapse leverages smart contracts written in the DAML programming language to automate post-trade workflows and mitigate settlement risks, thereby...
Polygon Co-Founder Jaynti Kanani Steps Down After Six Years
5.10.2023
Jaynti Kanani, the co-founder of Ethereum layer 2 solution Polygon, has revealed that he is taking a step back "from the day-to-day grind" in the project after dedicating six years to its development and growth.
In an Oct. 4 X post, Kanani said he "decided to step back" about six months ago...
Cryptoasset Ecosystem Booms in Latin America and Caribbean: Study
5.10.2023
The Inter-American Development Bank (IDB) and the Cambridge Centre for Alternative Finance (CCAF) have jointly released a report that provides growing trends in the cryptocurrency industry in Latin America and the Caribbean.
Latin America and the Caribbean have shown “substantial growth” in...
Web3 Gaming Platform Immutable Gears Up for zkEVM Mainnet Launch Early Next Year
5.10.2023
Web3 gaming platform Immutable has unveiled its highly-anticipated mainnet launch roadmap for Immutable zkEVM, marking a significant step towards becoming the go-to platform for gaming on the Ethereum network.
The gaming platform aims to enhance the player experience, revenue engine,...
Hong Kong Crypto Exchange JPEX Launches DAO Stakeholder Dividend Plan Amid Scandal and Arrests
5.10.2023
Hong Kong's troubled crypto exchange JPEX has announced plans to move forward with its DAO Stakeholder Dividend Plan.
This decision comes amid the ongoing investigation into the financial scandal worth over HK$1.5 billion ($191 million) and the arrest of multiple suspects associated with...
South Korean Gaming Giant Netmarble Affiliate to List Coin on Japanese Exchange
5.10.2023
The South Korean video games giant Netmarble has made a blockchain gaming breakthrough with its subsidiary’s coin set to be listed on the Japanese crypto exchange Zaif.
Per Yonhap, the coin, MarbleX’s MBX, will be listed on the platform on October 11.
MarbleX is Netmarble’s blockchain gaming arm....
3AC Founder's Luxurious Villa Gets Repurposed to Urban Farm by Wife
5.10.2023
The luxurious Singapore home of Three Arrow Capital (3AC) founder Su Zhu has been repurposed from living quarters to an urban farm by his wife, Evelyn Tao, according to local reports.
Shared by The Business Times of Singapore, the villa on Yarwood Avenue is now called Yarwood Homestead.
The...
CMCC Global Splashes $100 Million on Blockchain Fund Focused on Asian Startups
4.10.2023
Asia-based blockchain venture capital (VC) firm CMCC Global has announced the launch of its Titan Fund, committing $100 million to support blockchain startups in the region.
Founded in 2016, CMCC Global is one of the first Asian VC firms focused solely on the blockchain ecosystem.
As announced...
Sam Bankman-Fried Changed the Rules for FTX Employees When SRM Token Shot Up in Value – Here's What Happened
4.10.2023
Sam Bankman-Fried (SBF) was forced to change rules for FTX employees in 2021 when their crypto profits threatened to let them retire early.
As Michael Lewis wrote in his SBF-focused book “Going Infinite,” SBF used his exclusive power to lock up his employee’s Serum (SRM) holdings for seven years...
Decoding the SEC’s Stance on Crypto: An Exclusive Interview with Brandon Zemp
4.10.2023
As the crypto industry witnesses rapid growth, regulatory challenges arise in tandem. David Hirsch, who heads the SEC's Crypto Assets and Cyber Unit, raises alarm bells for the crypto sector, emphasizing that more charges will be brought against exchanges and DeFi projects perceived to be violating...
Coinbase vs. SEC: Regulator Pushes Back Against Exchange
4.10.2023
The battle between Coinbase and the U.S. Securities and Exchange Commission (SEC) continues to intensify as regulators push back against the crypto exchange's attempts to have a securities law violation lawsuit dismissed.
The SEC originally filed the lawsuit against Coinbase in June, alleging that...
Project Atlas: Bank for International Settlements Tackles Crypto Tracking with EU Central Banks – Here's the Latest
4.10.2023
The Bank for International Settlements (BIS) and four European central banks have rolled out a Proof-of-Concept (PoC) system to track the global flow of cryptocurrency assets.
The partnership with the BIS was struck with the European Central Bank, Banque de France, Deutsche Bundesbank...
Bank of France Deputy Governor Views CBDCs as a Catalyst For Cross-border Payments
4.10.2023
Denis Beau, the first deputy governor of Banque de France has referred to Central Bank Digital Currencies (CBDCs) as a foundation for a new global monetary system.
According to him, CBDCs should be developed to implement cross-border payments rather than for local financial settlements alone...
Deamus shifts to Avalanche for ticketing experience
4.10.2023
SK Planet’s subsidiary, Deamus, has announced that it has adopted Avalanche to improve the ticketing experience for its users. The idea is to make blockchain-based tickets available to the customer base of 21 million at OK Cashbag. Avalanche will help Dreamus improve its customers’ ticketing...