A Paxful co-founder has pleaded guilty to conspiracy charges for failing to maintain an effective anti-money laundering (AML) program on the peer-to-peer cryptocurrency platform. This led to various criminal activities being conducted on the platform, according to the U.S. Department of Justice (DOJ). He faces up to five years in prison and will step down…
Dubai’s border protection agency announced the launch of a secure and efficient blockchain network, which is expected to improve efficiency and transparency within the United Arab Emirates city. The blockchain platform will also strengthen Dubai’s position as a hub for entrepreneurship and global competitiveness. Launch Aligns with Dubai’s Government Blockchain Strategy Dubai Customs, the emirate’s…
Although bitcoin (BTC) has fallen to its lowest level since February 26 and has hovered around the $57,000 range over the last few days amid high volatility, Bitfinex analysts have seen on-chain signs that the leading crypto asset may not record any more dumps. According to this week’s edition of the Bitfinex Alpha report, market…
TLDR Finery Markets, a non-custodial crypto ECN, has partnered with Nonco, a digital assets firm and OTC provider. Nonco has executed its first transaction through FM Liquidity Match, Finery Markets’ platform. Finery Markets enables over 100 global businesses to access OTC liquidity for digital assets. The partnership aims to enhance trading setups and provide better…
TLDR Exodus is launching a new “Passkeys Wallet” to simplify the Web3 experience for new users The wallet bypasses the need for seed phrases, browser extensions, or email verifications It supports multiple blockchains including Ethereum, Bitcoin, and Solana Users can create and fund an embedded wallet directly within applications The wallet uses Multi-Party Computation (MPC)…
TLDR KuCard, a Visa debit card by KuCoin, will support multiple virtual and physical cards starting July 1st, 2024 This update allows users to manage multiple cards seamlessly, all eligible for the cashback program KuCard is offering a limited-time promotion until July 7th for users to get additional cards at discounted rates The card offers…
TLDR Hinkal announced the upcoming launch of the Shared Privacy Protocol The protocol enables cross-chain privacy via anonymity staking It addresses the need for privacy in DeFi trading, especially for institutional investors The Shared Privacy Protocol creates a unified pool of shielded liquidity across all chains Users can stake assets to earn rewards while contributing…
[PRESS RELEASE – Grand Cayman, Cayman Islands, July 9th, 2024] In a step forward for the derivatives ecosystem on Arbitrum, two prominent DeFi projects, GMX and Gains Network, have unveiled bids to integrate their platforms into Kwenta’s upcoming perpetuals marketplace. Kwenta, the leading perpetual futures exchange on Optimism, expanded its reach earlier this year by…
TLDR Stobox, a tokenization company, has announced a strategic partnership with Stasis (EURS), a euro stablecoin issuer Stasis is a European Web3 fintech company that has issued EURS since 2018 EURS is a stablecoin pegged to the Euro, available on 7 blockchains, and backed 1:1 with liquid euro balances Stobox will integrate EURS into its…
TLDR EMURGO announced the launch of Anzens USDA stablecoin under new ownership by Encryptus USDA is a fully-backed stablecoin native to the Cardano blockchain Encryptus is an institutional-grade trading desk with off-ramping capabilities in over 80 countries The launch coincides with the EU’s Markets in Crypto-Assets (MiCA) regulation coming into force EMURGO will continue to…