Hong Kong has set its sights on becoming a major crypto hub as the region actively promotes the development of Web3. The Securities and Futures Commission (SFC), the country’s main financial regulator, is ostensibly accompanying this ambition with plans to regulate the crypto space by granting licenses for retail crypto exchanges. As of late, Hong Kong has also…
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A Mantle community member has proposed the restriction on an automatic migration of FTX BIT tokens to Mantle (MNT) citing disqualifying factors. A debate sparked by members of the Mantle Decentralized Autonomous Organization (DAO) on the ongoing token migration of certain companies including the FTX exchange has gone mainstream as the platform seeks to unify…
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________… Read More: Today in Crypto: Polygon Labs and Mobile Giant SK Telecom Sign a Web3 Deal, Coinbase Partners With Trustly for Payments in Canada, Singaporean Police Arrest Ten Foreigners and Seize Crypto Read…
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The highly anticipated Shibarium launch proved that no amount of preparation can truly brace a project for the unanticipated strength and fervor of its community. This comes after huge traction caused a storm amid the Shibarium launch, fuelling wild speculation on crypto twitter and triggering significant downside action on the markets. But before we dive…
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The Chinese cities of Shanghai and Suzhou are eyeing more digital yuan adoption progress as the nation tries to drive up interest in its CBDC. The central People’s Bank of China (PBoC) recently claimed that almost $250 billion worth of CBDC transactions had been processed in the nation to date. But some have noted that…
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Russian regions say that the nation’s CBDC, the digital ruble, will help them fight corruption by “eliminating the shadow economy.” Per Dela, an economy-focused newspaper that covers the Krasnoyarsk Krai region, officials in Siberia are keen to use the coin to conduct their business…. Read More: Russian Regions Say CBDC Will Help Them Fight Corruption…
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Blue chip crypto markets are under broad selling pressure on Thursday amid a combination of macro and technical selling pressures. Bitcoin (BTC) was last down around 3%, having recently slipped below its 2023 uptrend to new multi-month lows under $28,000. Ether (ETH) fell around 3.7% on Thursday, trading under $1,750 after it fell below key…
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Microsoft and LeverFi have joined forces to launch an AI-backed solution that aims to tackle the challenges facing the decentralized finance (DeFi) industry. The DeFi ecosystem is grappling with some significant challenges, including security hacks, poor risk management policies, and manual execution processes. These challenges have led to a lack of confidence among users and remain a major…
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________… Read More: Today in Crypto: Stellar Buys Minority Stake in MoneyGram, Adidas and BAPE Reveal Limited Sneakers Auctioned via NFT Passes, Three Key Silvergate Execs Set to Leave the Company Read more »Sign…
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Kazakhstan is edging closer to the “launch” of a CBDC, making it the latest former Soviet nation to announce its foray into the digital fiat sphere. Per Telesputnik, the Central Bank laid out a detailed proposal for a digital version of the fiat tenge to the nation’s Supreme Audit Chamber. The bank began initial tests…
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