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
The CEO of Crypto Council for Innovation (CCI), Sheila Warren, seeks regulatory clarity for digital commodities amid calls for authorities to consider changes to the sector. CCI Founder Wants U.S. Senate to Clearly Define “Digital Commodity” U.S. lawmakers are currently considering the Digital Commodities Consumer Protection Act. Accordingly, Warren commended the lawmakers for taking the … Read more
Blockchain.com, a digital asset services solutions provider, has announced that it has been approved to operate in Dubai by the Virtual Assets Regulatory Authority (VARA). Blockchain.com Signs an MOU with VARA The virtual asset services provider revealed that it has partnered with Dubai’s regulatory body. A detailed statement from the firm disclosed that both its … Read more
The Reserve Bank of India (RBI) has announced that it will start the pilot test phase for its central bank digital currency (CBDC) and will involve four banks. RBI to Commence CBDC Drive with Four Banks Also known as the central bank of India, the RBI will begin its CBDC trial by using four public-private … Read more
Liz Truss, the newly elected Prime Minister of the United Kingdom, is reportedly pro-crypto following news of her previous support for digital assets. Lizz Truss’s Previous Crypto Support According to reports making the round, the new occupant of 10 Downing Street is a known fan of cryptocurrency. Having defeated her closest rival, Rishi Sunak, Truss … Read more
There appears to be growing global concern over the volatility of the digital asset industry, and the demand for regulatory clarity is growing. EU and UK Divided on Crypto Laws According to reports, the United Kingdom and European Union (EU) do not agree on how they should regulate crypto. Meanwhile, the UK Parliament is reportedly … Read more
Indonesia is preparing something exciting for its crypto space as reports indicate it plans to establish a crypto stock exchange. Indonesia Hints at a Possible Crypto Stock Market Launch Crypto enthusiasts in Indonesia are pumped up for the latest development in the country’s digital asset ecosystem. According to media reports, the Island nation is preparing … Read more
Kraken encountered a similar suit in 2019. A former worker accused the firm of generating cash from accounts of sanctioned nations. The United States Treasury investigated whether the Kraken exchange allowed Iranian to trade digital tokens. The trading platform has been under the radar since 2019, and reports suggest it might encounter penalties, paying fine. … Read more
CoinShares, a digital asset investment firm, revealed (on Tuesday) completing a crypto business acquisition, adhering to EU regulation. Such a move will likely open the gates for the company to magnify its regional services and goods sakes. One of the initial digital asset managers, Napoleon Asset Management, which operates under the EU’s AIFM (Alternative Investment … Read more
A division is stemming up between crypto-friendly states and those against crypto development. Several regions have introduced heavy taxation on crypto firms, while others banned crypto usage. Regions that have introduced strict rules for crypto include Iran, China, and India. However, crypto-friendly nations exist, such as El Salvador, UAE, Singapore, and Switzerland. Meanwhile, countries like … Read more
