The Lazarus Group Is Responsible For The Ronin Network Hack – The US Treasury

The US Treasury has alleged that the North Korea-based Lazarus hacking group was behind the $625M hack of the Ronin network, which happened last month. Popular play-to-earn crypto game, Axie Infinity, is built on this Ethereum sidechain known as the Ronin network. On Thursday, the treasury department gave a detailed account of how it connected … Read more

Polygon Has Chosen To Be Carbon Neutral As It Moves Towards Green Energy

In light of the carbon emission problem facing the crypto industry, the Polygon side chain network has invested $20 million towards offsetting its carbon output and promoting an industry-wide campaign to reduce the amount of carbon emission in the crypto industry. Polygon To Support NGOs And Partners In The Crypto Industry  On Tuesday, the Polygon … Read more

IMF Believes Cryptocurrency Adoption Is Greater In Corrupt Nations With Stricter Regulations

Recently, the emergence and adoption of digital currencies have progressed rapidly, with some nations already accepting BTC as a means of payment. As noted by a study released on the 25th of March by the IMF titled “Crypto, Corruption, and Capital Controls: Cross-Country Correlations, individuals living in nations with high levels of fraud are more … Read more

Binance Receives License To Run As A Cryptocurrency Broker In Abu Dhabi

Popular crypto exchange, Binance, has obtained a preliminary license to operate as a broker of crypto assets in the United Arab Emirates (UAE). Binance must however finish the application procedure first before it can kickstart operation. Having obtained a complete licensing agreement implies that Binance will be supplying virtual currency services to consumers in the … Read more

WeChat Finally Launches Support For Digital Yuan Across 23 Regions In China

WeChat, the most popular social media messaging application in China, is said to have enabled e-CNY payment methods. The service is now accessible to 23 areas where the electronic currency is being tested, including Shanghai and Beijing. This move is part of the country’s plan to increase the widespread adoption of its CBDC. The service … Read more

American Bank Signs Deal With Bakkt To Enable Clients Invest In BTC And ETH

Bakkt has signed a partnership with American Bank to purchase and sell BTC and ETH to its clients. The bank stated that the service might be available in the second quarter of 2022. Crypto Investment Option  Earlier this month, American Bank, one of the USA’s commercial banks with its headquarters in Pennsylvania, announced a partnership … Read more

India Consults IMF And World Bank For Crypto Policy Formulation

The Indian government is working on a policy for cryptocurrency regulation in the country and has decided to consult the World Bank, IMF, and state regulators. An official in the country’s finance ministry corroborated the statement and added that the government is reaching out to stakeholders both outside and within the state. Consultation With RBI, … Read more

OpenSea Users Can Now Buy NFTs Using Credit Cards

MoonPay, a fintech company, has enabled instant card transactions on the OpenSea NFT market, making it much easier for individuals who do not own cryptocurrency to purchase an NFT. This new feature is a welcome development for the crypto community as more persons can buy NFT using their debit/credit cards. Easier Method To Buy NFT … Read more

Massive Capital Inflows Recorded In 3 Months As Institutional Crypto Asset Spike

As per the data from CoinShares, a weekly inflow of $139 million has been recently observed to take place in the crypto industry, pointing to large institutional investments into cryptocurrency holdings, the highest in three months. The latest development is a quick increase from last week, which records an outflow of $47 million. More than … Read more

WisdomTree Releases Crypto ETFs Offering Access To Cardano, Solana, And Polkadot

On Tuesday, a popular fund manager, WisdomTree, announced that it had just launched three crypto-asset exchange-traded products (ETPs) as part of its venture into the crypto industry. The three recently released ETPs are linked to Cardano, Solana, and Polkadot, the leading cryptocurrency networks. Both new digital currency investments are listed on the following platforms: Xetra, … Read more

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