The Australian Securities and Investments Commission (ASIC) has secured a legal victory against Bit Trade, the operator of Kraken's services in Australia, over its non-compliance with design and distribution regulations. Today, Friday, August 23, an Australian Federal Court...
Russia is reportedly preparing to launch two new cryptocurrency exchanges, one in St. Petersburg and the other in Moscow, with a focus on stablecoin development. According to Kommersant, the St. Petersburg exchange may leverage the infrastructure of the...
Sony Block Solutions Labs, a collaborative effort between Sony Group and Singapore's Startale Labs, has unveiled plans for a new layer-2 blockchain, dubbed "Soneium." The platform is designed to appeal to developers across multiple industries, including entertainment, gaming,...
Singaporean banking giant DBS has launched a blockchain-based solution that leverages smart contracts to simplify and expedite the distribution of government grants. According to local media reports, DBS completed a pilot project in partnership with Enterprise Singapore and...
The Indian government will release a public consultation paper on comprehensive cryptocurrency regulations between September and October 2024, according to a new report from CNBC. The report revealed that a special panel, headed by the Secretary of the...
Hong Kong's ambitions to become a crypto hub are facing challenges. Over a dozen exchanges grapple with regulatory concerns, making it difficult to secure full licenses. According to a Bloomberg report citing insiders, cryptocurrency exchanges in Hong Kong...
Layer 1 blockchain network Aptos is preparing to collaborate with Rarible, a leading non-fungible token (NFT) marketplace. The partnership, which Aptos describes as a potential "game-changer" for both platforms, aims to introduce new possibilities for NFT applications. In...
Binance will dedicate at least 20% of its new hires to compliance efforts, CEO Richard Teng stated in a recent interview with Bloomberg. The crypto exchange is reportedly preparing to expand its workforce by 1,000 employees this year....
The biggest stablecoin issuer Tether has announced plans to launch a new stablecoin tied to the United Arab Emirates’s dirham (AED). In a press release, on August 21, Tether announced that this new stablecoin will be launched in...
Animoca Brands' subsidiary and gaming division, GAMEE, has secured an investment from California-based venture capital firm Pantera Capital, according to a statement released today, August 21. Though the funding amount was not revealed, the investment is intended to...
