New Regulation Prohibits Algorithmic Stablecoins in Hong Kong

New Regulation Prohibits Algorithmic Stablecoins in Hong Kong

Hong Kong's top financial regulator has proposed fresh regulations prohibiting algorithmic stablecoins and noting that, henceforth, all stablecoin issuers will be required to obtain mandatory licensing. Organizations that engage in regulated cryptocurrency activity in Hong Kong must apply for...

StoreDot Partners With Circulor for Supply Chain Monitoring

StoreDot Partners With Circulor for Supply Chain Monitoring

Israel-based fast-charging battery company, StoreDot, has entered into a partnership with Circulor, a UK-based startup that uses blockchain technology to map supply chains for environmentally friendly and sustainable production.  The aim of this partnership is to establish ethical and...

Bitstamp Launches EUR-Supported IOU on XRP Blockchain

Bitstamp Launches EUR-Supported IOU on XRP Blockchain

Bitstamp, a prominent cryptocurrency exchange, has added EUR-backed IOUs on the XRP Ledger. The announcement was made via Twitter by the exchange. As per the tweet, the exchange stated that they are expanding their IOU services on XRPL, offering...

Hypernative Secures $9M to Fight Web3 Cyber Attacks

Hypernative Secures $9M to Fight Web3 Cyber Attacks

Hypernative, a crypto security startup, has raised $9 million in a funding round led by Boldstart Ventures and the IBI Tech Fund, with participation from Blockdaemon, Alchemy, Borderless, CMT Digital, Nexo, and other angel investors. Gal Sagie, co-founder and...

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