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Cyprus Plans to Launch Crypto Regulations Ahead of EU
Cyprus's Challenge in Introducing Crypto Regulations Kyriacos Kokkinos, the Deputy Minister for Research, Innovation, and Digital Policy, spoke on the delicate issues surrounding cryptocurrency and digital assets at a local fintech event. The event focused on...
Portugal Considers Removing Zero Tax Policy on Crypto
Zero Tax on Cryptocurrencies In contrast to countries like the United States, where virtual currencies are considered assets and taxed similarly to stocks or real estate, Portugal treats cryptocurrencies as a currency. This distinction significantly impacts...
How to Get Tickets for the Crypto Gibraltar Festival
Where is the Crypto Gibraltar Festival held? The highly anticipated festival will take place over two exciting days in the modern Ocean Village area of Gibraltar. The event is set in a "crypto village" next to stunning yachts and excellent restaurants. Ocean...
FTX Introduces Stock Trading Platform
The Announcement This announcement follows FTX’s recent spring investment in IEX, a New York-based stock exchange. It also comes a week after co-founder Sam Bankman-Fried acquired a minority stake in Robinhood, which already allows for both crypto and stock trading...
Interview with Mario Paladini: eToro Trader & Social Networker
Who is Mario Paladini? Born in Argentina, Mario Paladini moved abroad at a young age to study in the U.S. and later in Germany. He is a networker, entrepreneur, and a social trader on eToro. Mario organizes networking events with his company Club Globals, typically...
South Korea Moves Toward Cryptocurrency Trade Licensing
Progression Toward Regulated Crypto Trading in South Korea The issue of fraudulent trading transactions among crypto trading firms has been rising. The Capital Market Act failed to address this issue as it lacked provisions to license crypto trading companies....
Ethereum eSignature Automates Non-Crypto Document Signing
Verification of Signatures Global eSignature laws rely on verifying a user’s identity during the signing process. Besides email and phone number verification, the wallet’s public address can serve as an extra layer for identity verification. Off-chain document...
El Salvador Hosts Bitcoin Adoption Summit with 44 Countries
This move received widespread praise from the cryptocurrency community but faced significant opposition from the traditional financial sector. Critics argue that adopting Bitcoin as legal tender could introduce instability and unnecessary risks to the country's...
Singapore’s Fintech Regulator Praises Crypto Industry Leaders
MAS Chief Fintech Officer’s Positive Remarks Sopnendu Mohanty, the Chief Fintech Officer of MAS, has praised the leadership of several major cryptocurrency firms. He lauded the leaders of companies such as Binance, Ripple, and Crypto.com for their inspiring...
Terraform CEO’s Home Targeted by Disgruntled LUNA Investor
Reason Behind the Home Invasion After being questioned by the police, the intruder revealed his motive: he wanted Do Kwon to take full responsibility for the downfall of Terra, which resulted in significant financial losses for investors. The disgruntled investor,...
Solana Unveils Smartphone Focused on Web3
Solana's Initiative to Enhance Mobile Self-Custody Crypto Experiences For over a decade, crypto users have predominantly relied on desktops for engaging in self-custody experiences. Interaction with crypto typically involved installing browser extensions and...
LUNA Collapses to $0 as TerraUSD (UST) Loses Dollar Peg
Terra’s Bitcoin Reserves UST has struggled to maintain its peg in recent weeks, leading the company to purchase Bitcoin reserves worth $1.5 billion. Do Kwon, the CEO of Terraform Labs, stated his intention to acquire Bitcoin reserves worth $10 billion to stabilize...
GBPT: Introducing the New Sterling-Based Stablecoin
Tether’s Fifth Stablecoin Release The GBPT will be Tether's fifth stablecoin. Other stablecoins issued by Tether include USDT, EURT, CNHT, and MXNT. USDT remains the largest stablecoin and ranks as the third-largest cryptocurrency by market capitalization,...
UST Falls to $0.39 While Terra Futures Liquidations Hit $106M
Price Movements and Market Impact The ongoing crypto downturn has seen many cryptocurrencies lose 20% of their value. However, Terra’s LUNA has been hit harder, dropping by 78%, while its stablecoin, TerraUSD (UST), has fallen by over 61%, bringing its value down...
Krew Launches Klaytn-Based DeFi Accelerator
The Experts Behind the Krew DeFi Accelerator The Krew DeFi accelerator launch is powered by a team of seasoned and reputable analysts and founders with extensive experience in venture capital. The team includes Adam Cader, who gained valuable experience in Research...
Outland Crypto Platform Raises $5M in Seed Funding
Reasons Behind the Seed Funding Success The seed funding round was led by a prominent investor, OKG Ventures. Other contributors to this round included lesser-known investors such as IMO Ventures, Dragon Roark, and JDAC Capital, all supporting the growing Web3...
UST Faces Continued Struggles to Maintain Dollar Peg
As a stablecoin, UST is designed to maintain its value at $1 at all times. However, unlike traditional stablecoins backed by actual US dollars, UST relies on financial engineering mechanisms to preserve its value. This system has been considered risky, as it...
Bankoff Crypto Wallets Drained Following Virtual Debit Card Shutdown
Bankoff's Official Announcement of Ceasing Operations Bankoff was a platform that allowed users to issue virtual cards, which they could top up with cryptocurrencies, particularly the stablecoin USDT. This service was particularly useful for Russian users who could...
NFT Meta Pylon Launches First-Ever Sticker Feature
Meta Pylon’s Solution for NFT Art Originating as a Japanese NFT, Meta Pylon merges street culture with cutting-edge experiences to help showcase NFTs in the metaverse. By offering 3D cones via NFTs, Meta Pylon enables users to display their in-wallet NFTs to a...
BIS Innovation Hub Partners with Asian Central Banks on Crypto Projects
How Did Project Dunbar Perform? The mCBDC platform is designed to allow seamless transactions between financial institutions using national digital currencies. Project Dunbar successfully operated 24/7, completing transactions within seconds—drastically reducing...
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