The sudden surge in crypto volatility has been a major headache for regulators worldwide, prompting them to take drastic measures. As a part of this process recently the U.S. Securities and Exchange Commission (SEC) decided to take strict measures against crypto custodians. The news gained significant popularity among internet users, many users voiced their opinions…
A surge of enthusiasm for XRP has been building in Japan, and the extraordinary 1.64 billion spot trading volume reported in September 2022 confirms this. Far outpacing Bitcoin’s 179.5 thousand units, XRP’s success has caught the eye of many crypto-trading firms who are now eager to offer it as part of their services – a…
When cryptocurrency was introduced in the countries, excitement ensued among citizens. Everyone wanted to take advantage of this revolutionary technology to monetize their presence in the market. It seems that the same incident happened again as past week we have witnessed an astronomical rise in Artificial Intelligence (AI) tokens, with nearly all of them experiencing…
With the growing concerns about data security, the need for CBDCs also increases as it could be the linchpin to create trust in the digital space – something which has eluded us since our transition into the digital era. Taking this into the consideration The Bank of England and HM Treasury have recently unveiled a…
Today, digital currency is becoming more and more prevalent in financial transactions. As a result, the risks associated with investing in such volatile currencies must be vigilantly scrutinized by financial institutions to avoid any potential catastrophic. However, it seems that the EU regulatory body has started understanding this issue as the regulatory recently unveiled stringent…
With the rise of digital currency, many countries have been drawn to this new form of money and Indonesia is the latest addition to the countries that are embracing digital currency. The nation’s move provides an opportunity for them to monetize their initiative while also expanding the scope of financial technology. However, before starting its…
It appears that due to the strict regulations concerning cryptocurrencies and the global economic crisis, many crypto firms are facing several hurdles when operating their business. Recently, Kraken, one of the largest cryptocurrency swaps in the world, has announced that it will be stopping its US crypto-staking business and compensating the US Commodity Futures Trading…
CZ Zhao, the mastermind behind Binance, exposed a critical loophole that was identified and dealt with swiftly by the BNB Core squad this week. Drawing on his extensive experience in the space, CZ demonstrated complete transparency about the matter, sending ripples through the crypto industry. It was thanks to his sagacity, along with the intrepid…
Cyberattacks from North Korea have become a severe issue for South Korean authorities as the country has lost over $1.2 billion since 2017 due to these terrible events. To combat these malicious activities North Korea has recently taken decisive action against rampant cybercrime by imposing its first autonomous sanctions on cryptocurrency theft and cyberattack linked…
After nearly a decade of operation, popular P2P exchange LocalBitcoins is set to close its doors. The decision comes as a result of the bad market conditions. LocalBitcoins has long been a favorite among Bitcoin enthusiasts, allowing users to buy and sell Bitcoin directly from each other without any third-party interference. However, with recent crackdowns…
