Block CEO Resigns Following $27m Loan Secretly Advanced by Alameda Research
The failure of Block's chief executive to reveal the $27M advanced by Alameda Research, a firm affiliated with the embattled…
PayPal Launching Crypto Service in Luxembourg
PayPal confirmed the availability of its crypto service in Luxembourg. The American multinational confirmed plans to avail the crypto service…
Nike Announced Launching NFT-Backed Tech Shoes, Cryptokicks iRL
Nike confirmed the successful introduction of its digital Cryptokicks created by the Web3-based RTFKT studio. The announcement marked a breakthrough…
Australia-based Digital Surge Exchange Placed Under Administration
Brisbane-based crypto exchange firm Digital Surge confirmed its collapse days after suspending operations. Digital Surge announced halting all deposits and…
Hong Kong Amends Anti-Money Laundering Law Demanding Compliance from Crypto Exchanges
Hong Kong legislators approved amendments to the anti-money laundering law to subject crypto exchange firms to strict compliance with the…
Reserve Bank of Australia Warns CBDC Capable of Displacing Australian Dollar
The Reserve Bank of Australia (RBA) confirmed receiving multiple suggestions on use cases despite the eAUD program running on a…
Financial Crimes Enforcement Network (FinCen) Demands Banking Community Feedback on DeFi’s Vulnerability to Crime Risks
The lessons learned from the contagion witnessed following the dramatic FTX downfall have prompted FinCEN to demand the perspective of…
Bank of Spain (BDE) Launching Wholesale CBDCs
Spain’s central bank confirmed experimenting with wholesale CBDCs to determine the extent of digital society's needs and demands. BDE's statement…
Binance US Includes Ethereum in the Zero-Fees Model
Binance US office confirmed expanding its zero-fees model to exempt Ethereum (ETH) from trading fees. Chief executive of US operations,…
Bearish Crypto Market Forces UK-Based Tax Consultant Koinly to Downsize Staff by 14%
The prevailing bearish steam has affected the UK-based Koinly in offering tax consultancy services in the challenging market context. The…
Nigeria Authorities Caps ATM Withdrawals to Entice CBDC Uptake
Nigeria Central Bank restricted weekly ATM withdrawals to $225 to enhance the uptake of CBDC in digital transactions. The drastic…
Warner Music Launching Web3-Based Music Platform alongside LGND and Polygon
Warner Music confirmed launching the LGND Music platform in 2023, founded on Web3 technologies. Announcing the breakthrough in creating the…
US Senate Demands Silvergate Clarification Over FTX Ties
Senators investigating the billions of wealth lost in the FTX collapse demanded a response From Silvergate Bank. The letter penned…
Animoca Brands Acquires Significant Stake in Pixelynx
Animoca Brands Acquires Significant Stake in Pixelynx Animoca's desire to expand its Music, Web3, and gaming portfolio is set to…
SEBA Bank Announces HashKey Engagement to Facilitate Crypto Solution for Institutional Investors
The prevailing crypto winter has restricted interest in development within the crypto space. This awareness has led SEBA Bank to…
Strike Confirms Engaging Bitnob to Expedite Remittance into Africa
Strike chief executive Jack Mallers announced partnering with Bitnob to use the Lightning Network to enhance inbound remittances into Africa. …