The State Bank of Pakistan (SBP) has established new legislation for Electronic Money Institutions (EMIs), non-bank organizations that provide digital payment instruments, in order to ensure the prompt issuance of a CBDC over the next three years. According to...
Magic Eden, a Solana-based non fungible token (NFT) marketplace, has released a tool that enables creators to enforce royalties on their collections, joining the growing list of platforms that have done so. 🧵 Today's a big day! We’re excited...
Swyftx, an Australian cryptocurrency exchange, has laid off 90 employees, accounting for 40% of its workforce. Swyftx announced the development via a press release this morning. The decision was made in response to the decline of the crypto market...
Daniel Shin, a co-founder of Terraform Labs, appeared in court on Friday to address whether or not he should be detained for allegedly making illicit profits prior to the dramatic collapse of the Terra-LUNA ecosystem. Shin is accused of...
Zipmex, a South Asian crypto exchange, has secured a creditor protection extension until April 2, 2023, according to a newsletter on the company's website. The Singapore High Court granted the request and rescheduled any further hearings for December 21,...
Fusion Digital Assets, a wholesale exchange for crypto assets run by the TP ICAP group, has been registered with the UK Financial Conduct Authority (FCA). The traditional financial giant has decided to break into the world of cryptocurrency and...
Nigeria's finance ministry is currently drafting a "Finance Bill 2022" that includes taxes on digital assets, cable undertakings, lottery, and gaming businesses. This was disclosed during a virtual National Executive Council (NEC) meeting presided over by Vice President Yemi...
In an interview with Bloomberg, Sam Bankman-Fried (SBF) admitted that he had allowed Alameda Research to violate FTX margin restrictions. He admitted that a post-LUNA crash meeting had taken place during which they discussed what to do about Alameda's...
Many cryptocurrency exchanges have adopted Proof-of-Reserves (PoR) to demonstrate transparency and reassure concerned users about the safety of their assets. Crypto analyst Martin Hiesboeck, however, maintains that PoR can be easily manipulated or misrepresented. He argued that PoRs are...
The United States Trustee overseeing FTX's bankruptcy proceedings has called for an independent investigation into the exchange's collapse. U.S. Trustee Andrew Vara stated in a December 1 motion that within eight days in November, debtors suffered a virtually unprecedented...
