Philippines Postpones Publishment of Crypto Regulatory Framework
The highly anticipated crypto regulatory framework in the Philippines has faced a delay. The Securities and Exchange Commission (SEC) had initially aimed to publish the guidelines by 2022. However, due to unforeseen circumstances, the launch has been postponed. Despite this setback, the SEC remains committed to implementing a robust regulatory framework for the crypto industry to provide clarity and guidance …
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CFTC Greenlights Revolutionary Margined Crypto Futures Trading with Cboe Clear Digital
Cboe Global Markets has been granted permission by the Commodity Futures Trading Commission (CFTC) for its digital subsidiary, Cboe Clear Digital, LLC, for digital assets with margins. This approval allows Cboe Clear to provide clearing services for margin digital asset futures to futures commission merchants. Obtaining this approval is a significant achievement for Cboe Global Markets, as it has been …
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Ethereum Fees Take a 70% Dive as Self-Custody Adoption Gains Momentum
Newly released data suggests that self-custody has experienced a notable surge while Ethereum fees have plummeted by 70%. After hitting a peak of $14 per ETH transaction in May, the average Ethereum fees have now decreased to $4.3, returning to their usual levels. Ethereum users have been struggling with high transaction costs for a long time. Thus, the recent reduction …
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Trust Reserve’s Team Arrested by Police in China
Trust Reserve formerly known as CNHC Group which is the issuer of CNHC stablecoin is said to be detained by the Chinese police. A local news channel in China, PANews reported this on May 31 after they got some information. The group had lost contact since the afternoon of May 29. It is said that some family members have been …
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Reddit’s Digital Collectibles Welcome 10 Million Newcomers to Crypto and NFT Universe
In less than a year since their debut, Reddit’s digital collectible avatars have seen an astounding surge in popularity. Launched in July 2022, these unique non-fungible tokens (NFTs) are on track to attract a staggering 10 million holders. Figures from Dune Analytics reveal the current count stands at 9,909,465, with the lion’s share of holders owning a single avatar. Brought …
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Ledger CEO Admits Government Can Access Your Private Keys
According to Ledger, a well-known producer of digital currency wallets, the US government has the ability to get information about users’ private keys through the Ledger Recover feature, as long as a subpoena is issued. About the Recovery Feature During an interview, Pascal Gauthier, the CEO of Ledger, stated that their wallets do not possess any backdoor. Nonetheless, it was …
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Sustainable Crypto Lending: Balancing Profitability and Social Responsibility
Cryptocurrency has revolutionized the financial landscape, providing individuals and businesses with new opportunities for wealth creation and investment. One area that has gained significant traction in recent years is crypto lending, where individuals can lend their digital assets and earn interest. However, with the increasing focus on sustainability and social responsibility, the concept of sustainable crypto lending has emerged. In …
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Lava Unveils Self-Custody Wallet and Bitcoin-Based DeFi Platform
Lava, a trailblazing fintech company, has announced the launch of a ground-breaking self-custody wallet and a Bitcoin-based decentralized finance (DeFi) platform. Lava’s innovative loan protocol enables users to safely borrow stablecoins, utilizing bitcoin as collateral, a strategy aimed at eliminating threats associated with custodian rehypothecation and bridge vulnerabilities. Lava’s CEO, Shehzan Maredia, highlighted the revolutionary nature of their approach. “We …
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$200M Crypto Ransomware Attack on US Infrastructure Leads to Russian Hacker’s Arrest
The US Department of Justice has pressed charges against a Russian national named Mikhail Pavlovich Matveev for executing a crypto ransomware plan that targeted the infrastructure of the United States. According to the indictment obtained from the District of New Jersey, Matveev, who used the online alias Wazawaka, participated in three distinct ransomware organizations that collectively demanded $400 million in …
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Binance’s Strategic Retreat from Canada Amidst Crypto Regulatory Changes
In a major industry disruption, Binance, the reigning titan of the cryptocurrency world, made the unexpected decision to retreat from the Canadian market. A late-week tweet marked the public announcement of this step, provoked by Canada’s recent adaptation of regulatory norms. New rules around investor limits and stablecoins now pose significant challenges to Binance’s operations in Canada. A Salute to …
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