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Tokenization of Investment Funds Now Permitted in the UK – Adoption on the Rise?
24.11.2023
Source: Pexels UK investment funds have received the green light for tokenization, marking a strategic move to harness blockchain technology within the asset management sector. This approval was disclosed in a press release by The Investment Association, a renowned trade body in the industry,...
Tether and Bitfinex Drop Opposition to FOIL Request
24.11.2023
Stablecoin issuer, Tether, and cryptocurrency exchange, Bitfinex, have decided to drop their opposition to a Freedom of Information Law (FOIL) request made earlier this year by various news outlets. “We have nothing to hide” “Our decision is rooted in our unwavering commitment to transparency...
Fallen FTX Founder Sam Bankman-Fried Adopts Mackerel as New Currency, Gives Guards Crypto Tips
24.11.2023
Behind bars, Bankman-Fried has adopted mackerel packs as currency and advises guards on crypto amidst his legal turmoil over FTX’s collapse. Image by Fareed Mindalano, DALL-E 3. Sam Bankman-Fried, the disgraced founder of the failed cryptocurrency exchange FTX, has adapted to life behind bars...
Netherland-based Crypto Exchange Bitvavo Secures Regulatory Approval in France
24.11.2023
Source: AdobeStock / MarinadeArt Dutch-based cryptocurrency exchange Bitvavo has received regulatory green light in France to act as a digital asset service provider. In a Nov 23 press release, the company disclosed the milestone and reiterated its wider expansion plans with hopes of becoming...
Binance US Guilty Plea May Raise Complications for Hong Kong Affiliate’s Crypto License Application- Here’s What You Need to Know
24.11.2023
Source: Pixabay According to several industry experts, Binance and its founder, Changpeng Zhao (CZ), pleading guilty to US anti-money laundering laws could pose challenges to the cryptocurrency exchange’s ambitions in Hong Kong. On November 21, Changpeng Zhao stepped down as CEO of Binance...
KyberSwap Exploited in $46 Million Attack Due to ‘Infinite Money Glitch’
24.11.2023
Source: AdobeStock / Roman Samokhin According to Ambient Exchange founder Doug Colkitt, KyberSwap’s $46 million hack was “the most complex and carefully engineered smart contract exploit” and confirmed that what happened was an infinite money glitch. In a detailed thread on...
HTX to Resume Limited Deposit Services Today and Launch a Site-Wide Airdrop Event
24.11.2023
Source: HTX HTX (formerly known as Huobi Global) announced that deposit services for major chains will be gradually resumed on their platform, beginning today, complemented by an airdrop event as a gesture of gratitude to its users. According to the announcement, HTX has completed the necessary...
Singapore’s Blockchain-Powered ADDX Exchange Lists AI-Enabled Equities Funds
24.11.2023
Source: Pexels Singapore’s blockchain-powered private markets exchange, ADDX, has listed a deep-value equity fund managed by Aggregate Asset Management (AAM) to its platform. This fund, which uses machine learning to optimize investment strategy and returns, aims for a compound annual growth...
Russian Bailiffs Will Get More Powers to Seize CBDC & Crypto
24.11.2023
Source: evgris/Adobe Moscow will give Russian bailiffs more new powers to seize digital rubles and cryptoassets in bankruptcy cases. Per Comnews, the plan is the brainchild of the Ministry of Justice and the Russian Federal Bailiff Service (FSSP). The ministry wants to give bailiffs a range of...
L2 Protocol Blast Secures $230M TVL in 48hrs as Yield Concerns Arise
24.11.2023
Source: Blast Blast, a new Ethereum Layer 2 network, has achieved an impressive Total Value Locked (TVL) of over $230 million within 48 hours of its unveiling. However, there’s a unique twist – the network does not exist yet. Blast has reached $230 Million in TVL within 48 hours. 37,131...
Vienna-Based Raiffeisen Bank Expands Services to Include Crypto Trading
23.11.2023
Raiffeisen Bank. Source: Adobe / Cristi Austria’s Raiffeisen Bank is set to launch crypto trading services in 2024, joining a slew of European banks breaking into the digital asset custody business. The 130-year-old bank announced plans for the service in April upon signing a letter of intent...
CryptoQuant Reports Decline in Binance’s Bitcoin Reserves as Retail Flow Shifts to Coinbase
23.11.2023
Bitcoin reserves on the world’s largest cryptocurrency exchange, Binance, are rapidly depleting, according to data from blockchain analytics firm CryptoQuant. The outflow is notably shifting towards the premium digital asset platform of the US-based crypto exchange Coinbase. Providing more...
Vulnerability Disclosure Prompts InfStones to Rotate Validator Keys
23.11.2023
Source: Pixabay InfStones, a crucial node operator affiliated with Lido Finance, is poised to temporarily remove its Ethereum validators from the liquid staking protocol. In response to a substantial vulnerability uncovered by security researchers at dWallet Labs, the operator plans to execute...
Kraken Co-founder Says Crypto “Feels More Fair” After CZ’s Guilty Plea
23.11.2023
Source: Pixabay “The crypto game feels a bit more fair today,” Kraken co-founder Jesse Powell said in an X post on Wednesday. In the wake of Binance co-founder Changpeng Zhao stepping down as CEO and pleading guilty to criminal charges of money laundering, Powell held nothing back in his assessment...
Alchemy Pay Announces U.S. Expansion, Iowa Licensing
23.11.2023
Singapore-based Crypto-fiat payment solution, Alchemy Pay, announced further expansion into the U.S. market through their acquisition of a Money Services License in Iowa on Thursday morning. Dedication to compliance “We are thrilled to announce that we have obtained a Money Services License...
Singapore Proposes Rules to Tighten Crypto Speculation in Retail Markets – Here’s the Latest
23.11.2023
Source: Pixabay / Sasin Tipchai The Monetary Authority of Singapore (MAS) has proposed revised guidelines to curb the growing rate of digital asset speculation in retail markets. In a recent publication, the Central Bank released amended regulations for digital payment token providers and related...
Today in Crypto: Matr1x Gaming Platform Raises $10 Million, Bybit’s Portfolio Margin Mode Gets Spot Trading Capabilities, MapMetrics Expands to Peaq Blockchain
23.11.2023
Source: matr1x.io/games Get your daily, bite-sized digest of crypto and blockchain-related news – investigating the stories flying under the radar of today’s news. __________ Investment news Matr1x, the platform facilitating the mobile shooting game Matr1x Fire within the Web3 domain, secured...
Polygon 2.0 to propel the chain into the top 3 ranks by 2024
23.11.2023
Experts are laying out their predictions by putting Polygon on the list of the top three chains for the next year. Needless to say, this is merely an estimate, with the actual outcome inclined to drive either way. The majority of the prediction is based on the fact that Polygon 2.0 will change...
Movement Labs releases M2, the first Ethereum Move VM-based L2
23.11.2023
Movement Labs is all set to release M2, which is the first Move Virtual Machine L2 for Ethereum, upgraded with Celestia in the form of a modular DA. Movement is creating an ecosystem of modular move-oriented blockchains with the help of Celestia’s Blobstream and modular stack. It will also...
Lugano Integrates Polygon Protocol into MyLugano Payment App for Crypto Transactions
23.11.2023
Source: Adobe/LianeM In a significant move towards solidifying its position as Europe’s emerging crypto-capital, Lugano city in the southern Switzerland Ticino region has seamlessly integrated the Polygon proof-of-stake (PoS) protocol into its crypto-friendly payment app, MyLugano. Polygon...