Hong Kong is preparing to relax their cryptocurrency regulations and pave ways for retail investors. They will enforce a licensing regime that allows trading platforms to operate on Hong Kong soil, reinstate their title as a financial center and become…
Football fans around the world, FIFA is starting in less than a month! I am sure you are all equipped with the best jerseys and chants to show your support. FIFA and crypto lovers are also gearing up to support…
Big Four Accounting firm Ernst & Young is launching their first metaverse lab to explore the potential of metaverse. They are introducing EY wavespace experience for their clients to get familiar with Web3 and the metaverse. According to an Ernst…
Core Scientific Inc., one of the world’s top bitcoin miners, announced on Thursday that it may seek bankruptcy protection. Prolonged drop in bitcoin prices with a rise in power expenses might spell their demise sooner than we might think. The…
On Wednesday 26th 2022, the Australian Government released their 2022-23 budget paper with news surrounding cryptocurrency. Australia decided that they will treat crypto as a digital asset and not foreign currency. This means that all trades from crypto are subjected…
The Monetary Authority of Singapore (MAS) has recently proposed a new set of rules towards crypto regulations. There are two proposed rules, one targeting consumer protection and the other focusing on the reliability of stablecoins. According to MAS, consumers must…
NEAR is a popular blockchain for developing decentralized applications (dapps) and minting NFTs. They have their own stablecoin USN issued by DAO Decentral Bank. Currenrly, a stablecoin project on the NEAR blockchain has been shut down after exhibiting problematic elements…
A crypto winter or bear market means that the market is experiencing a prolonged decline. There is at least a 20% decline from the top accompanied by a pessimistic market view for traders and investors. A crypto winter is often…
The Financial Sector Conduct Authority (FSCA), South Africa’s financial regulator, has published a brief notice stating that crypto assets would now be categorized as financial products, allowing them to be regulated. The statement heralds the start of the eagerly anticipated…
Nubank, a Brazilian digital banking company, will launch its own cryptocurrency in the country next year. According to their corporate release, the token called nucoin will be available to Nubank’s 70 million members in the first half of 2023. Polygon…
Mid 2022, we witnessed the downfall of a stablecoin, LUNA. In a recent podcast interview on the Unchained Podcast, Do Kwon acknowledged that he is to blame for Terra’s demise and that there could have been design flaws that contributed…
Mairead McGuinness, European commissioner for financial stability stated that crypto regulation needs to be on a global scale. In her interview with Financial Times, she mentioned that the lack of regulation will lead to severe financial stability issues. Due to…
Payments giant Mastercard has recently announced their partnership with Paxos Trust Co. to build a program for banks in offering cryptocurrency trading and custody services to their clients. This will provide unbound potential for financial institutes across the globe to…
