Day: 28 March 2023

China has taken an active interest in fostering its fintech industry and promoting blockchain technology, despite its negative stance on cryptocurrencies. The Ministry of Industry and Information Technology, which oversees the Chinese fintech industry, announced plans to enhance its blockchain technology standards by 2025 on March 28, 2023. In a ...

Coinme, a popular U.S. cash exchange for cryptocurrencies, and the Stellar Development Foundation, a non-profit organization committed to promoting the growth and development of the Stellar network, have announced that Circle's USDC can now be accessed on Stellar through the Coinme Wallet and its global cash onramp and offramp ecosystem. ...

Former FTX CEO, Sam Bankman-Fried (SBF)'s legal saga has taken a new turn as his lawyers and U.S. prosecutors reach a new bail agreement. A Reuters report revealed that on March 27, 2023, SBF's legal team and U.S. prosecutors reached a new bail agreement that would allow him to stay ...

Everything Blockchain Inc. has partnered with the Center for Internet Security, Inc. (CIS), a nonprofit organization committed to improving cybersecurity for a more secure and connected world. According to Everything Blockchain's CEO, Toney Jennings, they are thrilled to collaborate with CIS and honoured to receive recognition from them for being ...

Disney, the world's largest entertainment company, has reportedly shut down its metaverse division as part of a broader restructuring plan aimed at cutting operational costs by $5.5 billion and reducing its workforce by 7,000 employees within two months. On March 28, 2023, the Wall Street Journal reported that the closure ...

The cross-chain liquidity protocol THORChain has suspended all trading activities on its network after new claims about a potential vulnerability in the network surfaced. In a tweet on March 28, THORChain clarified that the measure was taken as a precautionary step while the reports are investigated for verification. There are ...

Defunct cryptocurrency lender, BlockFi, has agreed to reimburse over $100,000 to its California clients, who continued to repay loans despite a trading suspension on November 10, 2022. On March 27, 2023, the Department of Financial Protection and Innovation (DFPI), California's financial watchdog, reported that their investigation revealed that at least ...

Nearly one billion dollars in cryptocurrency reportedly left the wallets of the crypto exchange platform Binance, as the U.S. Commodity Futures Trading Commission (CFTC) indicted Changpeng Zhao, the platform's CEO, and the platform itself for regulatory violations. Thanefield Capital's data research revealed an unprecedented surge in the withdrawal of funds ...

As the gaming and cryptocurrency industries continue to evolve, the terms "metaverse" and "Play-to-Earn" are becoming increasingly prevalent. The rebranding of Facebook as "Meta" and the company's announcement of its vision for the metaverse has sparked excitement and speculation among industry observers. However, it's worth noting that many crypto creators ...

Cryptocurrency index funds provide a straightforward way to invest in the cryptocurrency market, with the added benefit of potentially high returns.  Crypto newbies might find investing in cryptocurrency through regular brokerage accounts or retirement plans can be challenging due to the lack of regulation and high price volatility. By investing ...