Ripples’ Partner 3S Money Expands To The UAE, Bags License

The United Arab Emirates (UAE) is becoming a haven for digital asset services providers as Ripple’s remittance service launches in the Gulf region. Dubai Regulator Approves an International Payment Platform As per the press release, the Dubai Financial Services Authority (DFSA) has granted a 3S Money operating license. 3S Money is an international payment platform … Read more

Bank Of Russia Introduces Digital Currencies To Banking Chart Of Accounts

The Central Bank of Russia is taking the necessary steps to make the swift shift to digital finance a reality with the latest addition of virtual assets as part of the reformed banking chart of accounts. Russian Banks to Include Digital Assets in Accounting Books With the new drafts of the banking chart of accounts, … Read more

BlackRock Launches A Blockchain ETF For European Investors

The explosion of investment products in the digital assets ecosystem and on blockchain networks is paving the way for the development of new investment strategies for participants. BlackRock Targets European Customers with New Product Investment giant BlackRock seeks to offer European investors exposure to investment opportunities in the blockchain industry.  By establishing an exchange-traded fund … Read more

Fed Chair Calls For “Public Transparency” In Stablecoin Reserves

During a recent event in Paris, the U.S. Federal Reserve chairman, Jerome Powell, discussed central banks’ role in the increasingly tokenized financial system. Jerome Powell Discusses Stablecoins Commenting on stablecoin regulations, the Fed chair, in the company of other prominent personalities, talked about the role of central banks.  Speaking in the company of Christine Lagarde, … Read more

HSBC Cautions Investors Over Dwindling European Stocks

Europe faces a bleak economic outlook following a series of supply disruptions all over the bloc and the impact of the war between Russia and Europe on energy and food supplies. Investment Banking Giant Warns Investors as Stocks Plummet Willem Sels, HSBC’s global chief investment officer, revealed that investors should steer clear of Europe. In … Read more

Polkadot Introduces Tether (USDT) Minting on Its Blockchain

Tether Limited Inc., the parent company of the USDT stablecoin, has announced a new development to its network as it announced that minting USDT tokens is now possible on the Polkadot blockchain. USDT Goes Live on Polkadot The latest development would see the largest stablecoin by market cap be minted on the Polkadot network. Tether … Read more

Nasdaq Crypto Move Holds The Key to Price Recovery In Digital Assets

The world’s second-largest stock exchange has launched an ambitious drive to see the struggling crypto market reverse its dwindling market fortunes. Nasdaq Plans to Establish Digital Assets Units Bloomberg reported that the new crypto unit would cater to institutional investors’ demand for digital assets. Moreover, Nasdaq officials noted that the new department was established in … Read more

Polychain Spearheads $40 Million Funding Round For African Crypto Exchange

A Nigerian-based crypto startup, Yellow Card Financial, has closed a $40 million Series B funding round for its expansion across Africa. Yellow Card Seeks Crypto Adoption in Africa The African crypto exchange is the beneficiary of the U.S-based Polychain Capital funding initiative.  Polychains’ Pan-African capital injection began in August 2021 as a Series A funding … Read more

Cardano Transaction Volume Surges Following Vasil’s Announcement

More than 50 million transactions were recorded on the Cardano network, which set a new landmark since the announcement of the hard fork upgrade. Spoils of the Vasil Upgrade The announcement of the Vasil upgrade in June set the tone for the surge in transaction volume. However, at that time, the total number of dealings … Read more

Users Of ETHW May Be Exposed To Replay Attacks

Following the induction of Ethereum’s Proof-of-Stake (PoS) Merge on the mainnet, some Proof-of-Work (PoW) supporters picked up tokens from PoW chains, which analysts claimed could be harmful. Ethereum on PoW Users Are Prone to Attack Post Merge The Kyber Network (KNC) team, an experienced Ethereum-based DeFi hub, posted a Twitter thread on replay attacks. The … Read more

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