Mastercard recently introduced its Mastercard Crypto Credential, a groundbreaking development that has paved the way for the first-ever peer-to-peer (p2p) pilot transactions aimed at streamlining and securing blockchain transfers. This new feature allows users on popular exchanges like Bit2Me, Lirium, and Mercado Bitcoin to send and receive cryptocurrency using user-friendly aliases instead of complex blockchain
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In a recent development, SEC commissioner Hester Peirce put forward an intriguing proposal for a shared digital securities sandbox between the US and the UK on May 29. This proposal aims to expand the existing joint digital securities sandbox (DSS) of the Bank of England and the FCA to include US firms. The idea behind
The blockchain analysis firm Nansen recently unveiled a rather intriguing discovery – DBS Bank, one of Singapore’s leading banking institutions, has been identified as a cryptocurrency whale. A crypto wallet supposedly owned by DBS Bank holds a staggering 173,753 Ether (ETH), with a current market value of approximately $650 million. Notably, the address in question
The collaboration between the Web3 gaming ecosystem XPLA and Com2uS Group has led to the official launch of XPLA Verse, a layer 2 chain, on the Oasys blockchain. This launch marks the inclusion of popular games from Com2uS, such as “Summoners War: Chronicle” and “The Walking Dead: All-Stars,” into the blockchain gaming world. XPLA Verse
Former FTX co-CEO Ryan Salame has been sentenced to 90 months in prison after pleading guilty to conspiring to make illegal political contributions and defraud the Federal Election Commission. The sentence was handed down by US District Judge Lewis A. Kaplan, following Salame’s involvement in running an unlicensed money-transmitting business through FTX Digital Markets, the
The European Securities and Markets Authority (ESMA) has recently raised concerns regarding Maximum Extractable Value (MEV) as a form of illegal market abuse in the context of the proposed technical standards for the Markets in Crypto-Assets (MiCA) regulation. Patrick Hansen, a well-known figure in the crypto regulation space, has drawn attention to this issue on
OKX, a prominent cryptocurrency exchange, recently announced that it would be discontinuing its centralized cryptocurrency trading services for residents of Hong Kong effective May 31, 2024. This decision was made in compliance with regulatory requirements, with the exchange citing a “careful consideration” of its business strategy as the reason behind the move. While OKX assured
The recent court decision by the First District Court of Appeals in Florida has overturned an Emergency Suspension Order (ESO) issued by the Office of Financial Regulation against Binance.US. The ESO was initially put in place earlier this year, banning Binance.US from serving residents in Florida due to an alleged “immediate danger” to the public.
Polkadot, a blockchain protocol known for its advancements in scalability and efficiency, recently announced a groundbreaking partnership with Founder Institute, a leading business incubator. This collaboration marks the launch of the first Web3 cohort in Founder Institute’s Core Program. The team described it as an exciting chapter in startup acceleration and Web3 technology education. The
The Chinese police recently uncovered a major underground banking operation that utilized the popular stablecoin Tether (USDT) for transferring funds amounting to 13.8 billion yuan ($1.9 billion). The operation was led by a criminal gang involved in the import and export business in China. The gang used USDT to run a foreign exchange payment and