Bankrupt crypto exchange FTX has taken legal action to exclude its Dubai division from its ongoing bankruptcy proceedings in the United States. In the court documents filed on August 3, 2023, FTX claimed that its Dubai unit did not...
HashKey, a Hong Kong-based crypto exchange, has obtained full authorization to expand its services beyond professional investors and cater to retail users in the region. The regulatory breakthrough was possible through the upgrading of two of its previous licenses...
BlockFi, the bankrupt crypto lender, has received conditional approval from the U.S. Bankruptcy Court in New Jersey for its reorganization plan. In a joint announcement made on August 2, 2023, BlockFi and its Creditors revealed that the reorganization plan...
The Kenyan government has taken decisive action by suspending the Worldcoin project over fears of potential unauthorized collection and misuse of essential private data. According to a statement published on Facebook on August 2, 2023, the suspension will remain...
Binance is making a strategic return to the Japanese market with the launch of a dedicated platform designed specifically for local customers. This move comes after five years of absence. The exchange closed its operations in Japan back in...
Meta, the parent company of Facebook and Instagram, is making a strategic move to assert its dominance in the AI sector by introducing AI-powered chatbots with human-like personalities, according to a report by the Financial Times on August 1,...
The Bank of Korea has chosen three districts - Jeju, Busan, and Incheon - as pilot locations for the Central Bank Digital Currency (CBDC) trial. Referred to as the "private target CBDC test bed," this selection was confirmed on...
According to a local report, Miri authorities have successfully shut down an illegal cryptocurrency mining operation on Borneo's island after a tip-off from the public. The authorities acted promptly upon receiving the tip-off. They conducted a raid and successfully...
Clearpool has taken a significant step towards becoming a multichain protocol with faster transactions by integrating Polygon zkEVM, a zero-knowledge scaling solution, into its platform. The newly implemented integration allows Clearpool to efficiently segment yields and risks, catering to...
Kyrgyz Republic, a central Asian country, is reportedly kick starting a cryptocurrency mining project in anticipation of positive impacts on its economy. According to a local report, President Sadyr Japarov has given the green light to establish a cryptocurrency...
