Day: 28 February 2023

Finoa, a cryptocurrency custodian, has obtained three license permits from German financial regulator BaFin amidst ongoing regulatory crackdowns and uncertain developments in other parts of the crypto industry. With these licenses, Finoa can provide qualified custody and regulated crypto services to companies and institutional investors. Henrik Gebbing, Finoa's co-founder and ...

Ras Al Khaimah, one of the seven Arab Emirates, has unveiled plans to launch RAK Digital Assets Oasis (RAK DAO), a digital and virtual asset market free trading zone, to attract crypto and virtual asset companies and establish itself as a global crypto and digital asset investment destination. This announcement ...

Visa and Mastercard, global payment giants based in the United States, are reportedly scaling back their plans to form new partnerships with crypto businesses. This decision comes after a series of high-profile catastrophes that have damaged the industry's reputation and eroded confidence. According to the report, Visa and Mastercard have ...

iDenfy, a global technology startup offering AI-driven identity authentication and anti-fraud solutions, has announced its partnership with Swiss-based company Residenture, which is known for its fully digital property auction platform. According to iDenfy, scammers often target industries with minimal regulations, and the real estate sector is no exception. They use ...

Binance CEO, Changpeng Zhao (CZ), has debunked a Forbes article about the exchange. He posted a Twitter thread labelling the report as Fear, Uncertainty, and Doubt (FUD).  Yesterday morning, Forbes published an article claiming Binance transferred $1.8 billion of collateral meant to back its customers' stablecoin to hedge funds, including ...

The successful replication of the upcoming Shanghai hard fork, scheduled for March on the Ethereum mainnet, the Ethereum Shapella network, was successfully activated today on the Sepolia testnet at epoch 56832 of the Ethereum blockchain.   This upgrade adds new capabilities to both the execution and consensus layers. Validators can now ...

Anatoly Yakovenko, the co-founder of Solana Labs, has debunked claims that the network outage experienced by Solana's network was due to an excessive volume of validator messages, coupled with its on-chain voting system, which clogged its consensus layer. image source: cryptopotato.com In a post on its website on February 27, ...

As is fast becoming a trend in the crypto regulatory space, the US Securities and Exchange Commission (SEC), has again clamped down on another crypto organisation, Paxos—a leading blockchain infrastructure and stablecoin issuer, through a lawsuit filed on grounds related to its issuance of BUSD. Before delving into the substance ...

MyAlgo, a wallet provider for the Algorand network, is recommending its users to withdraw funds from any wallets created using a seed phrase, following an ongoing exploit that has resulted in the theft of an estimated $9.2 million worth of cash. On February 27th, 2023, MyAlgo confirmed via a tweet ...