FTX raised $400 million in January and recently received another $1 billion in the investor round. The company is looking forward to utilizing the funding to capture the bear market. Talks about receiving more funds are in the process, sources say. But if…

Singapore-based Crypto.com has received approval to operate as a Digital Asset Service Provider (DASP) in France, as per an official statement from the company. It has registered with France's market regulator, Autorite des Marches Financiers (AMF). This…

Robinhood has launched its Web3 wallet through the Blockchain network, Polygon. The beta version of Robinhood wallet has been live for 10,000 iOS customers (1+ million people signed up for the waitlist) in May. These two companies are making DeFi accessible…

Federal Reserve Chairman (USA) Jerome Powell has opined the expansion of DeFi (decentralized finance) in retail. He also discussed the impact of DeFi on the traditional financial system and the necessity of appropriate regulations. During the event "Opportunities…

TRON, a leading Blockchain network, and the government of Dominica have signed the agreement to make TRON an accepted medium exchange. It has also become a legal tender for usage in the Caribbean Island. The tokens that are accepted there are as follows,…

The Ministry of Finance in Germany has issued a clarification that crypto holdings will be exempted from tax for up to 1 year. This extends to all your income coming from crypto staking, lending, airdrops, and other transactions using Bitcoin and Ether. According…

Formula 1 has filed eight trademark applications with the United States Patent and Trademark Office (USPTO) for cryptocurrencies, NFTs, and metaverse products and services. According to Mike Kondoudis, trademark attorney, these trademarks covered "cryptocurrency+NFTs"…

Hong Kong may uplift the ban on cryptocurrencies and crypto trading, unlike what China has decided to do. It is trying to be a global cryptocurrency hub by taking different legal initiatives regarding these digital currencies. Elizabeth Wong, the head of…

After Kraken, Coinbase Global Inc. is stopping its operations in Japan stating the reason being volatile market conditions and decreased demand for digital assets in the nation. Coinbase got the license just a year and a half ago from the Japanese regulators.…

Recently, Binance announced that Signature Bank would not support any cryptocurrency transaction of less than $100k. This would be effective from February 1 and for every Signature's crypto exchange client. Therefore, some people won't be able to use SWIFT…

After securing a license to operate in the Abu Dhabi region less than a year ago, Kraken decided to shut down its offices. According to one spokesperson, the company has decided to focus on digital assets and proceed after due diligence, especially after…

YouTube’s new CEO Neal Mohan thinks that NFTs and Web 3 can be important instruments in generating additional revenue for creators. He took over the reins after Susan Wojcicki departed from the company this week. However, she would remain an advisor to Google's…

Silvergate has been facing lawsuits and investigations for a while. Now, the bank is losing its partners, 5 of them have cut ties, Coinbase being one of those parties (according to reports from March 3). The other 4 are Paxos, Gemini, BitStamp, and Galaxy…

On March 22, The Securities and Exchange Commission (SEC) pressed charges against the cryptocurrency entrepreneur Justin Sun and his companies. The companies mentioned in the document are Tron Foundation Limited, BitTorrent Foundation Ltd., and Rainberry…

The Russian cryptocurrency exchange Bitzlato has successfully restored users' access to their Bitcoin funds after being seized by the European authorities. Users can withdraw 50% of their assets from the platform. They can do that through the Telegram bot…

Binance is a respected name in the cryptocurrency world, as it is listed among the top exchanges by users for consecutive years. Recently, news came out that Justin Sun has approached Binance’s CEO CZ (Changpeng Zhao) for buying his stakes in a rival company…

The Argentinian regulators (National Commission of Value) have decided to approve the launch of Bitcoin-based futures which would debut on the Matba Rofex exchange. The trading will start in May, which makes it the first regulated Bitcoin future in South…

Ultron Foundation, the company that developed Ultron (ULX), a high-performance Blockchain, partners with Alphabit Fund. Alphabit Fund is a leading investment option, a name praised by businesses worldwide. It has been named by Bitcoin Market Journal as one…

The Reserve Bank of Zimbabwe has announced plans to introduce a digital currency that will be backed by gold as a way of stabilizing the local currency and counteracting its devaluation against the US dollar. This new initiative will allow Zimbabweans to…

Deloitte comes up with a new system for users to store credentials in a single Blockchain-enabled wallet (using KILT protocol technology, a Polkadot-based technology). The goal behind this program is to streamline the verification processes across different…