Blockchain technology has scaled rapidly in the last several years and is projected to expand to an even larger market across industries and countries. It is shaking up the global financial system, but environmental concerns risk stifling innovation. Potential regulatory action by governments concerned with the energy impact of blockchain activity is another reason to

The recent decline in Deutsche Bank’s share price has reignited concerns about the state of the global banking system and the possibility of a new financial crisis. As we have seen in the past, major commercial banks are deemed too big to fail, and governments will often bail them out to prevent widespread economic collapse.

Japan’s Financial Services Agency (FSA) said foreign crypto exchanges Bybit, BitForex, MEXC Global and Bitget are operating in the country without proper registration in a warning letter published on Friday. The notice said the exchanges were in violation of the country’s fund settlement laws at the time of issuing the warning letter by “conducting crypto

Cryptocurrency markets have displayed resilience in the face of recent upheaval in the U.S. banking system, with bitcoin (BTC) in particular outperforming, Coinbase (COIN) said in it’s weekly research report. Coinbase notes that bitcoin has outperformed its digital asset peers since the middle of February, with the cryptocurrency’s dominance as a percentage of total crypto

Crypto exchange OKX is joining Copper’s ClearLoop platform, allowing institutional clients of both companies to keep assets within the custody firm’s infrastructure while delegating them to trade on the exchange’s platform, according to a recent statement The collaboration is useful for digital asset traders looking for alternative ways to hold assets while providing immediate access

Web3 platform Lisk has unveiled an accelerator program that will offer grants of up to 250,000 Swiss francs ($270,000) to developers who are looking to build applications on Like’s platform. Lisk is seeking to attract startups interesting in developing Web3 projects over a multiyear time frame, with a particular focus on those working on app-specific

Canadian crypto exchanges WonderFi (WNDR), Coinsquare and CoinSmart have revealed plans to merge, creating what would be one of the world’s largest crypto trading platforms. Between them, the three firms have 1.65 million users and more than $600 billion in assets under custody, according to an announcement on Monday. WNDR shares have surged following the

Flybondi, low-cost airline in Argentina  had became the first in its field to launch flight tickets in the form of non-fungible tokens (NFTs).The initiative, dubbed Ticket 3.0, is already available for clients willing to fly to domestic destinations. The company announced on its website that each purchased ticket will be issued as an NFT on

Hong Kong is once again opening up to the crypto market, as local investors launch a $100 million fund to finance the digital industry. The new fund, ProDigital Future, will focus on supporting early-stage Web3 companies oriented at the regional market. According to a Bloomberg report, ProDigital Future has completed its half-year fundraising period with

According to Proactive Investors, Animoca Brands has signed a memorandum of understanding with NEC Global, a Japanese multinational information technology and electronics company, and Gryfyn Holdings Limited, a Web3 company focused on NFT. The three companies will cooperate to expand the digital wallet business in the Web3 field. The three companies agreed to the following

The National Futures Association (NFA), the self-regulatory organization for derivatives markets in the United States, has issued a new compliance rule for its members engaged in digital asset commodities. The rule, which takes effect on May 31, is aimed at addressing fraud and misconduct committed by the over 100 NFA members involved in activities related

The Avalanche Foundation has launched Avaissance, an initiative aimed at supporting digital artists and boosting the growth of the Avalanche NFT ecosystem. Avaissance includes two main components: the Artist in Resident program (AIR) for over 50 artists and the Mona Lisa Initiative (MLI) to curate digital art and expand the collections of art-focused DAOs. The

Bitcoin miner Marathon Digital’s (MARA) CFO Hugh Gallagher plans to retire from his role on May 12, about an year after he was appointed in the role. “With hash rate growing and becoming more stable and with the team now in a stronger position, I made the decision to retire,” Gallagher said in a statement.

FTX EU, the European arm of the global trading platform, has launched a website to allow European customers to submit withdrawal requests. This move comes nearly five months after the platform’s collapse and bankruptcy in early November 2022. According to a report in Finance Magnates, the new website domain name https://ftxeurope.eu/ – was approved by

In the absence of formal crypto rules from U.S. government agencies, the National Futures Association is setting up standards for its members that deal in digital-assets commodities. The NFA – which as a so-called self-regulatory organization occupies a space between the federal government and industry – has more than 100 members involved in digital assets,

ANZ Bank, one of the Big Four banks in Australia, recently announced that it will no longer facilitate withdrawals and deposits at some of its branches as part of its strategy to encourage its customers to use digital transactions. The decision has generated some backlash, with critics concerned about the potential impact on older customers

OKX recently announced its intention to expand its crypto services to Australia, citing the country’s strong adoption of cryptocurrency. The exchange, which provides services to over 100 countries, has already expanded its operations into Malta in August 2018 and secured a provisional license in Dubai in July 2020. OKX sees Australia as an indispensable part

Due to its decentralized and distributed structure, blockchain technology is intended to be secure and resistant to attacks. However, it is not completely immune to attacks, and many different types of blockchain attacks have been identified, including 51% attacks, double-spend attacks, sybil attacks and DDoS attacks. A 51% attack is one of the most frequent

A planned ban on social media influencers promoting unlicensed crypto products will harm France’s attractiveness to global Web3 players, lobby group Adan reiterated after a vote in the National Assembly. Lawmakers supported a move proposed by the Assembly’s Economics Committee that seeks to stop harmful promotions involving risky financial products, medicine and cosmetics. The approval

Australia has been known for its progressive stance on cryptocurrency regulation. Recently, Senator Andrew Bragg submitted a private senators’ bill titled Digital Assets (Market Regulation) Bill 2023 to the Australian Parliament. The bill proposes regulatory recommendations for stablecoins, licensing of exchanges, and custody requirements to protect consumers and promote investment in the country’s cryptocurrency market.

SafeMoon, a cryptocurrency project that gained traction through endorsements by celebrities and social media influencers, recently announced that its liquidity pool (LP) had been compromised. While the company has not revealed any details about the attack, it confirmed that it is taking steps to address the issue as soon as possible. The incident is the