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Polygon Labs Launches $85 Million Developer Fund to Attract Web3 Talent
9.11.2023
Polygon Labs launches major funding to draw blockchain developers. Image by akif, Adobe Stock. On Thursday, Ethereum scaling solution Polygon Labs announced the launch of an $85 million grant program with the goal of attracting top Web3 talent to build on its network. The initiative will provide...
JPMorgan Analysts Say Bitcoin Rally ‘Overdone’, Question Crypto Market Fundamentals
9.11.2023
JPMorgan analysts are unconvinced by Bitcoin’s price rally. Image by Waqas, Adobe Stock. In a report published Wednesday, JPMorgan analysts cast doubt on the sustainability of the latest bitcoin rally, stating that the sharp gains look ‘overdone’ relative to...
Breaking: BlackRock Registers iShares Ethereum Trust in Delaware – Is a Spot ETH ETF Coming?
9.11.2023
Ethereum Logo Shooting Higher on a Rocket / Source: Adobe The price of Ether (ETH), the cryptocurrency that powers the Ethereum blockchain, is shooting higher on Thursday in wake of the news that US asset management giant BlackRock just registered the iShares Ethereum Trust in Delaware. BlackRock...
Ritual Raises $25M for AI Decentralization, Targets Universal Access with DeFi Integration
9.11.2023
Ritual raises $25M to build a decentralized AI network. Image by ipopba, Adobe Stock. Ritual, a startup building a decentralized platform for artificial intelligence, has raised $25 million in a seed funding round. The funding was led by venture capital firm Archetype, with participation from Robot...
Cardano-Based DEX MuesliSwap Plans Refund Site for User Losses – What’s Going On?
9.11.2023
Source: Adobe / Who is Danny In a recent update, MuesliSwap, one of the most popular decentralized finance (DeFi) protocols on the Cardano blockchain, has announced its intention to launch a refund site to address concerns raised by users regarding losses due to high slippage over the past year....
Binance Arguments to Dismiss Lawsuit Lack Merit, SEC Argues In New Filing
9.11.2023
Source: Adobe The United States Securities and Exchange Commission (SEC) has opposed Binance’s arguments to dismiss the lawsuit adding that the motion has no real basis under law. In a Nov 8 court filing, the securities regulator claims the defendants applied the law incorrectly in an attempt...
Russians Will Be Able to ‘Withdraw’ Digital Rubles as Cash at ATMs
9.11.2023
Source: motortion/Adobe A major Russian bank has created a solution that lets digital ruble holders perform real-time “withdrawal”-type cash conversions at ATMs. Per Izvestia, VTB Bank has developed a solution that lets CBDC holders instantly convert their digital rubles to banknotes at any of...
Gaming Giant WeMade’s ‘Controversy-hit’ Token ‘Relisted’ in South Korea
9.11.2023
Source: terovesalainen/Adobe The South Korean gaming behemoth WeMade has scored a success by securing a new domestic crypto exchange listing for its WEMIX coin. Per Chosun Ilbo, the Gopax exchange began trading in WEMIX pairs from 5pm KST on November 8. Controversy struck for the coin and...
Smart Money Is Moving into This AI Crypto – Here’s Why
8.11.2023
Launchpad XYZ’s presale of its AI crypto LPX token has raised nearly $2 million so far. Image by Pol Solé, Adobe Stock. Artificial Intelligence‘s integration into the financial sector has sparked a new wave of investment strategies, particularly within the cryptocurrency industry....
Deloitte & Paxos Share Insights on Stablecoins and Financial Innovation – Here’s What You Need to Know
8.11.2023
Deloitte. Source: Adobe / Tobias Arhelger Banks and large institutional players are looking for avenues into the stablecoin industry following PayPal’s latest crypto foray, according to Deloitte Principal and Partner Richard Rosenthal. In conversation with Paxos Head of Strategy Walter Hessert,...
Here Are 3 Reasons Why Now is a Good Time to Buy Bitcoin
8.11.2023
Bitcoin Logo / Source: Adobe Last trading in the $35,300s and only just below recent yearly highs in near $36,000, Bitcoin (BTC) is up a stunning more than 110% on the year. Having been as much as 77% down from its all-time highs when it fell into the $15,000s last year, Bitcoin has now managed...
CFTC States 50% of Reported Cases Involved Crypto in Released Enforcement Results
8.11.2023
Source: Adobe The US premier enforcement agency, Commodity Futures Trading Commission (CFTC), has announced the release of its record-setting enforcement results for the fiscal year (FY) of 2023. As detailed in an official document dated November 7, the government agency reported its pursuit of...
NBA Top Shot Welcomes San Antonio Spurs Phenom Victor Wembanyama
8.11.2023
San Antonio Spurs. Source: Adobe / HTGanzo San Antonio Spurs’ sensation, Victor Wembanyama, has taken the NBA Top Shot stage. Following a remarkable six-figure non-fungible token (NFT) sale on Sorare NBA, Wembanyama made his debut on NBA Top Shot on Tuesday. The young basketball star will...
Ripple Collaborates to Power Payments Corridors Between Africa and Rest of the World
8.11.2023
Source: Adobe Crypto payments giant Ripple has partnered with fintech Onafriq for cross-border payments between Africa and the rest of the world. The deal would facilitate crypto-enabled cross-border payments between 27 African countries and markets including the UK, Australia, and the Gulf....
Binance Unveils Web3 Wallet to Promote “Self Sovereign Finance”
8.11.2023
Source: Adobe Digital asset exchange Binance has rolled out a web3 wallet to offer a simplified gateway to self-custody for its users. The company announced the wallet’s launch at the Binance Blockchain Week Conference in Istanbul highlighting that it can be integrated across 30 blockchain networks...
Japanese Megabank Mitsubishi UFJ Teams up with Crypto Exchange for Stablecoin Project
8.11.2023
Source: Funtap/Adobe The Japanese banking giant Mitsubishi UFJ will join forces with one of the nation’s biggest crypto exchanges for a new stablecoin offering. The bank will team up with Bitbank, one of Japan’s biggest and longest-running crypto exchange platforms. The firms and their partners...
South Korean Police Shut Down ‘International Crypto Fraud’ Ring, Freeze $1.2m
8.11.2023
Source: Maksim Shmeljov/Adobe South Korean police have swooped on a group of suspected “international” crypto fraudsters, freezing over $12 million and arresting 49. Newsis reported that the Cyber Investigation Department of the Seoul Metropolitan Police Agency has “arrested a total of 49 people...
Coinbase to Cease Bitcoin SV Support by Jan 2024, Urges Holders to Withdraw Tokens
8.11.2023
Source: Adobe / prima91 Leading crypto exchange and wallet Coinbase on Tuesday, unveiled plans to completely cease support for Bitcoin SV (BSV) token. The platform had delisted the token in 2021. Coinbase confirmed the changes in a note sent to users stressing that the platform “will no longer...
Crypto Regulation News Weekly Digest: SafeMoon Executive Charges and FinCEN’s Mixing Service Proposal
7.11.2023
Last week saw major regulatory actions against crypto mixing services and alleged fraud along with pushback from lawmakers. Image by Andrii, Adobe Stock. The cryptocurrency industry increasingly finds itself under the purview of regulators striving to balance innovation with consumer protection...
Kazakhstan Confirms Official Block of Coinbase Website Amid Ongoing Restrictions
7.11.2023
Source: Iliya Mitskavets/Adobe The Ministry of Culture and Information of the Republic of Kazakhstan has officially confirmed that it blocked access to the Coinbase website in the country, citing violations of the country’s new digital assets law. According to a report from November 7 by...