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 …
Continue Reading
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 …
Continue Reading
FSMA Issues Urgent Warning to Stay Away from These 38 Unlicensed Crypto Platforms!
The FSMA in Belgium has issued a warning about 38 unlicensed online trading platforms that are using deceptive ads on social media to entice users with the prospect of fast riches. The public is advised to be vigilant and avoid these fraudulent platforms to prevent becoming victims of their schemes. The FSMA Warnings For a while now, the FSMA has …
Continue Reading
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 …
Continue Reading
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 …
Continue Reading
Cardano Transaction Fees Soar to New Heights in August 2022
According to Messari data, Cardano, the third-largest smart contract platform by market capitalization, has experienced a significant increase in transaction fees. On May 28, the Cardano network recorded a remarkable surge in transaction fees, reaching a record high of $15.2K, the highest since Aug. 11, 2022. This indicates a surge in network activity and demand. Cardano Reaching New Heights Ethereum, …
Continue Reading
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 …
Continue Reading
OpenAI’s $175M Fund Paves the Way for an AI-Crypto Financial Revolution
OpenAI has announced the closure of a $175 million investment fund, which may spark a financial revolution in the AI-Crypto industry. This fund marks a noteworthy milestone in the progress of financial technology and has the power to significantly impact the development of both AI and cryptocurrency. About Open AI In 2015, a set of tech experts, including Elon Musk …
Continue Reading
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 …
Continue Reading
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 …
Continue Reading
