Dubai Has Approved Calvin Cheng’s Proposal For A VASP License

Through his Web3 firm (FZE), Calvin Cheng will invest in projects that enable the integration of fashion, media, and entertainment into crypto. Dubai virtual asset regulatory authority (VARA) approved a provisional VASP license for Cheng’s FZE. VARA is the first regulator for digital assets globally. VARA is key to Dubai’s move towards accomplishing an economy … Read more

Top Crypto Treasury Management Platform Raises $15M From Its Latest Series A Funding Round

Coinshift, a top treasury management platform, also announced that the funds would be used to develop and provide a complete treasury management solution service for crypto-related firms. Crypto firms, including DAOs, use Coinshift tools to manage their cash reserves. Over 300 venture capitalists participated in this funding round. Among them are Tiger Global, Sequoia Capital … Read more

Nox Crypto Exchange Refunds Its UST Holders At A $1 Rate

Various media outlets in Brazil report that a local crypto exchange, Nox exchange, has refunded all UST holders on its platform at $1.  While the move is unprecedented and commendable, the platform clarified that users could only receive their lost UST tokens with the USDT stablecoin. Per multiple reports, Nox spent about $127K (620K Reais) … Read more

Despite A 35% Drop In SHIB Price, Its Community Grows By 15K In Seven Days

Most of the digital assets are still trading in the negative as the general downturn in the crypto market continues. The SHIB Community Keeps Growing However, the SHIB community keeps growing even though the SHIB token has shed 35% of its value in the last seven days. Before May 10, 2022, the SHIB community grew … Read more

Terra’s Tokens Had Design Flaws, But There Was No Rug Pull – Paolo Ardoino

Do Kwon and his team continue the battle to restore normalcy to the Terra network following the crash of the network’s algorithmic stablecoin and native token. LUNA’s price crashed so hard that it now trades for pennies, while the TerraUSD stablecoin (UST) lost its USD peg and now trades at $0.0625, according to the current … Read more

Meta Files Five New Trademark Applications

Various media outlets report that Meta has applied for five trademarks under the brand name “Meta pay.” According to the filing, Meta pay is an online social investment network that allows users to seamlessly complete their crypto and blockchain-related transactions. Platforms can also validate their authenticity and identity (where necessary) using the platform’s tools. Popular … Read more

Major Cryptocurrencies Rise 9% as Market Shows Recovery

Amid the bleeding crypto market that has dominated headlines since Monday, BTC and ETH have rebounded, leading to the overall market recovery. The flagship coin crawled back to above $30k in the early hours of Friday, exchanging at a day high of $30.9k. Currently, it trades at $30.3k, shedding about 60 cents based on CoinMarketCap.  … Read more

Reports Reveal Illicit Cryptocurrency Transactions Rose in the Last Two Years

DeFi is a crucial sector that has revolutionized finance. Yet, it’s an extremely vulnerable sector due to its decentralized mode of operations and openness. It leaves the space susceptible to scammers and criminals who use the industry for selfish gains.  Hacking and money laundering are the two most common illicit activities in the DeFi space. … Read more

Gibraltar Introduces New Cryptocurrency Rules On Market Integrity And Market Manipulation

The British overseas region called Gibraltar has incorporated unique crypto rules regarding market manipulation as well as market integrity to its DLT (Distributed Ledger Technology) agenda. The minister for Digital and Financial Services of Gibraltar, Albert Isola, mentioned that in 2018 they were considered to be the initial jurisdiction across the globe for the legislation … Read more

Central Bank Of Cuba Authorizes Cryptocurrency Services

Regarding the announcement made by the Central Bank, the people of Cuba will now be able to officially trade cryptocurrencies and take advantage of the relative services that follow. Crypto-Friendly Regulations Financial development in the region of Cuba has recently taken a boost, as the Central Bank has announced the allowance of the issuance of … Read more