The Economic Affairs Committee of the French National Assembly met on Wednesday to discuss marketing and promotions in France relating to cryptocurrencies that were made by celebrities on social media. It was decided that such practices should be made illegal in order to safeguard consumers from any potential dangers they may face. The amendment to … Read more
Xapo Bank, a bitcoin custodian that also operates as a privately licensed bank, has teamed up with Circle to develop an alternative to SWIFT based on USDC payment rails. The bank claims that it has installed rails on the already existing USDC onramps. As a direct result of this, users of Xapo Bank are able … Read more
ConsenSys announced that its Web3 wallet for companies, also known as MetaMask Institutional, had introduced the first institutional staking platform on March 22. This was accomplished in conjunction with Allnodes, Kiln, and Blockdaemon. Exchange for Institutional Staking on the MetaMask Platform This new marketplace will employ ConsenSys’ native technology, also known as ConsenSys staking, … Read more
The United States SEC has leveled allegations of cryptocurrency violations against Justin Sun, the founder of Tron. The allegations (1) include selling and airdropping unregistered securities. In addition to these allegations, the financial regulator disclosed that the Chinese-born Grenadian crypto entrepreneur is being investigated for fraud and market manipulation. Justin Sun is accused of … Read more
Using the TON Blockchain, Telegram Messenger is gradually becoming a substantial Web3 protocol. The wallet bot for the instant messaging app has been updated to support Tether (USDT), which is the largest stablecoin in terms of daily traded volume and market capitalization. As a direct consequence of this, users of Telegram are now able to … Read more
Because of the increased social involvement from the top officials, cryptocurrency traders have considerably changed their attention to XRP, which is the sixth largest digital asset. The surge in the price of XRP on Wednesday, which has been dubbed the “Messari Pump,” occurred after the cryptocurrency gained more than 20 percent in value during the … Read more
Rising Web 3.0 company MetaMetaverse has unveiled its new brand identity, which will be known as MultiVersalME. The company feels that this change will capture the extent of its invention as a worldwide metaverse brand and has given the new brand the name MultiVersalME. According to a press release, MultiVersalME will be launching with an … Read more
Polygon has been chosen by the South Korean video game conglomerate Nexon to handle the Web3 connectivity of its MapleStory World. Reports indicate that the video game publisher with headquarters in Tokyo intends to establish (1) a Polygon supernet in order to provide support for the in-game content associated with MapleStory Universe. According to recent … Read more
The Internal Revenue Agency (IRS) may be considering a policy change that would prohibit individuals from contributing non-qualified financial assets (NFTs) to individual retirement accounts (IRAs). This comes as a result of the Internal Revenue Service (IRS) and the United States Treasury Department (Treasury Department) announcing their intentions to publish recommendations that would treat non-fungible … Read more
Although the crypto winter continues, investment management business BlackRock and wealth management firm Fidelity Investments quietly extend into the realm of bitcoin, ether, and other crypto assets. Investors are gradually losing hope in a rebound as the crypto winter drags on. Notwithstanding the devastating losses that have sliced the market and led BTC and ETH … Read more