Tag: cryptocurrency
Embracing the Digital Future: South Africa’s Regulatory Path for Cryptocurrencies
South Africa's Financial Sector Conduct Authority (FSCA) has granted operating licenses to 59 cryptocurrency businesses.
The authority received a total of 355 applications...
Deciphering Coinbase’s Bitcoin Drain: Whales on the Move in Billion-Dollar Transfer
Coinbase Exchange has experienced a significant depletion in Bitcoin reserves, highlighting the movements of crypto whales.
Some analysts posit that the whales might...
Legal Drama Unfolds: How OpenAI’s Woes Affect Worldcoin’s Market
Worldcoin's valuation has recently stumbled in the wake of a high-profile lawsuit by tech magnate Elon Musk against AI leader OpenAI.
Their connection...
ACX Exchange Saga: Liang ‘Allan’ Guo’s Alleged Misconduct and ASIC’s Response
Liang "Allan" Guo is embroiled in a severe legal battle as authorities delve into the malpractices that led to a $37 million (AUD...
The Stablecoin Stability Myth: Debunking Misconceptions and Understanding the Mechanics
Fiat-collateralized stablecoins maintain stability by holding fiat currency reserves in a secure custodian or bank account.
Stablecoins have undoubtedly reshaped the landscape of...
Tether Faces Allegations of Fueling Illicit Activities: A Deep Dive into the UN Report
Tether, touted as the world's leading stablecoin, finds itself at the epicentre of a disturbing surge in illegal activities, as underscored by the...
Crypto Insurance Takes Center Stage in UAE
Dubai Insurance has taken 8the initiative to provide insurance coverage for crypto businesses around the region.
The agreement will provide commercial liability insurance,...
FTX Bankruptcy Filings Expose $53,000 Per Hour Drain on Legal Advisors
Cryptocurrency exchange FTX, now defunct, faced substantial legal costs, burning through $53,000 per hour on bankruptcy lawyers and advisers.
Court filings from December...
Solana Phone Sales Surge Amid Bonk Meme-Coin Frenzy
The surge in Solana phone sales has been driven by the extraordinary rise of the Bonk meme-coin, which has seen a staggering 1,100%...
The Role of White-Label Crypto Exchanges in Facilitating Adoption
White-label crypto exchanges are organizations created to cater to businesses looking to develop their blockchain-based crypto services.
White-label crypto exchanges offer pre-developed protocols...
Brazil’s New Law on Overseas Holdings Takes Effect in 2024
Brazilian President Lula da Silva signed a law imposing taxes on cryptocurrency assets held abroad by citizens, effective January 1, 2024.
The legislation...
World ID 2.0: Worldcoin’s Upgraded Digital Identity Verification System
Worldcoin has introduced "World ID 2.0," an upgraded version of its identity verification feature.
The new version offers different levels of authentication, ranging...
Google’s January Surprise: Cryptocurrency Trusts Find a Spot in Advertising
Google will permit cryptocurrency trust-related ads starting January 29, 2024, aligning with the anticipated approval of U.S. spot Bitcoin ETFs.
The policy update...
FTX Bankruptcy After-Effects Blurs Intricacies of the Proposed Reorganization Plan
The FTX bankruptcy proceedings and the proposed reorganization plan by the Official Committee of Unsecured Creditors stand as a critical juncture in the...
Cristiano Ronaldo at the Center of Class-Action Lawsuit Tied to Binance
Cristiano Ronaldo faces a proposed class-action lawsuit linking him to alleged securities violations.
The lawsuit claims Ronaldo's endorsements prompted users to invest in...
Nansen Users Targeted in Phishing Scam Connected to Prior Data Breach
Crypto analytics platform Nansen faced a phishing campaign where scammers exploited user data from a prior breach.
The firm has not responded to...
