SBI Group, a Japanese financial conglomerate, recently made the announcement that it will cease all of its cryptocurrency mining activities across the entirety of Russia. The company has discontinued its cryptocurrency mining operations in the Siberia region of Russia ever since the major conflict between Russia and Ukraine broke out on February 24 of this … Read more
Local commercial banks have been explicitly instructed by the South African Reserve Bank, also known as the Central Bank of South Africa, to collaborate with cryptocurrency exchanges and crypto asset service providers (CASPs). On Thursday, the Central Bank of the country issued a guidance letter to commercial banks regarding how they should handle transactions involving … Read more
The Federal Deposit Insurance Corporation (FDIC) today sent cease-and-desist letters to five cryptocurrency companies, one of which was FTX US, the U.S.-based branch of CEO Sam Bankman-cryptocurrency Fried’s exchange FTX. The other three companies were: Cryptonews.com, Cryptosec.info, SmartAsset.com, and the FDIC cover the cryptocurrency industry. On Friday, cease and desist letters were delivered to Crypto.com … Read more
A cryptocurrency lending company based in Singapore called Hodlnaut has provided an update to the community regarding its judicial management filing and has also disclosed two alarming updates. First, the platform announced that it would be laying off 80% of its workforce, which would amount to approximately 40 workers, “in order to lower the company’s … Read more
Crypto.com Has Obtained the Necessary Regulatory Approvals to Begin Operating in the United Kingdom Today, Crypto.com announced that it had received regulatory authorization to operate as a cryptocurrency business from the Financial Conduct Authority (FCA) in the UK. The file that was made with the FCA indicates that the exchange is registered under the name … Read more
The CEO of Binance explained in a thread that, similar to the worldwide crypto news site Block three years prior, the influential Chinese news outlet 163 was promoting FUD by publishing false information. The CEO of the world’s largest cryptocurrency exchange, Changpeng Chao (CZ), blasted the big Chinese news outlet 163 for releasing false information … Read more
Key Takeaway Gemini is a major cryptocurrency exchange with its headquarters in New York City. On Thursday, Gemini announced that it had launched a staking program called “Gemini Staking.” This program enables customers to stake their assets within their Gemini accounts and earn rewards or interest on those assets. The service makes it possible for … Read more
According to the authorities, customers in South Korea could lose access to over a dozen cryptocurrency exchanges as a result of recent actions taken by local authorities to crack down on foreign companies that are operating illegally in the country without obtaining the required registration. According to a news statement published by the Financial Services … Read more
In response to the increasing number of security vulnerabilities that have been discovered on the Solana Public blockchain, Jump Crypto, a start-up that is well-known in the digital currency ecosystem for a variety of things, including system redesign and investment, is going to assist the protocol in developing a new validator client. The Solana protocol … Read more
Summary: Following its premiere in closed beta in December 2021, the virtual currency and collectibles platform NFL All Day is now available to the general public. In a manner analogous to Dapper Labs’ NBA Top Shot, NFL All Day provides NFTs based on video highlights. The long-awaited release of NFL All Day has finally … Read more