The superapp concept is a popular one in Silicon Valley. Envious looks at WeChat’s near-total dominance of the Chinese market for day to day essentials both online and off is a captivating one. Yet a single global-reach, all-purpose platform has been elusive, and having that platform centralised is a concern. In a world that understands…
The U.S. is a bad place to do business if you are a crypto company. The North Dakota Department of Financial Institutions (DFI) has become the latest state to withdraw the money transmitter license of Binance.US, the American arm of the major exchange Binance. According to DFI Commissioner Lise Kruse, BAM Trading Services, operating as…
In the dynamic arena of cryptocurrencies, the spotlight frequently shifts to highlight top performers and their innovative strategies. While Fetch.ai and Algorand are making strides with their unique advancements and community engagement, BlockDAG steals the limelight with a staggering $52.3 million presale and a suite of technological breakthroughs. Known for its strategic integrations and advanced…
Italy is taking steps to enhance surveillance of crypto assets and address associated risks. According to a draft decree reviewed by a news agency, the plan includes imposing high fines on those who manipulate the market. The fines range from $5,400-$5.4 million (€5,000 to €5 million) for offenses such as insider trading, unlawful disclosure of…
[PRESS RELEASE – Los Angeles, USA, June 20th, 2024] Cardano (ADA), a leading cryptocurrency by market capitalization, is experiencing substantial growth in adoption. Cardano’s team suggests that this increasing popularity could significantly impact the broader crypto market. Renowned for its innovative approach to blockchain technology, Cardano has advanced across various sectors, including finance, healthcare, and…
Holly Danielle Adams, 34, from California, has pleaded guilty to charges of drug distribution conspiracy and money laundering via cryptocurrency mixers. This case stems from an investigation by the Northern California Illicit Digital Economy (NCIDE) Task Force, a federal team dedicated to combating all forms of illegal dark web and cryptocurrency activities in the Eastern…
One of the largest cryptocurrency exchanges in Japan wants to acquire the local arm of the bankrupt crypto trading platform FTX. According to a report from local media Nikkei, BitFlyer Holdings, the parent company of the crypto exchange BitFlyer, is in the process of acquiring FTX Japan. The deal, which has remained undisclosed until now,…
The Central Bank of Iran (CBI) has announced the initiation of a pilot scheme to introduce the country’s central bank digital currency (CBDC) on the southern island of Kish. The CBI stated on Tuesday that the digital rial will be available to banking customers and tourists in Kish starting on the first day of the…
Otavio Costa, a Macro Strategist at Crescat Capital, a multidisciplinary asset management firm, has expressed concern about the state of the U.S. government securities liquidity index and its potential implications for the future of U.S. debt. He suggested that the U.S. is on the verge of experiencing its own ‘Bank of England’ moment prior to…
The UK Financial Conduct Authority (FCA), in collaboration with the Metropolitan Police Service, conducted an operation leading to the arrest of two individuals, aged 38 and 44, suspected of running an illegal crypto asset exchange. It is believed that over £1 billion of unregistered crypto assets were traded through this business, the FCA said on…