Deepa Raja Carbon told Cointelegraph that VARA took a collaborative approach by consulting stakeholders, legislators and the general public to develop its virtual asset regulatory guidelines. Interview Join us on social networks The Virtual Assets Regulatory Authority (VARA) is one of the earliest regulatory bodies to release comprehensive crypto assets regulations to promote crypto-related activities …
Monthly archives: November 2023
Kazakhstan’s authorities confirm they blocked access to Coinbase: Report
The authorities cited the Law on Digital Assets, enacted in February 2023, that forbids the issuance and trading of digital currencies and crypto exchange operations without a national license, according to reports. News Join us on social networks The Ministry of Culture and Information of the Republic of Kazakhstan has officially confirmed it has blocked …
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Australian central bank’s surprise interest rate hike could signal global shift
What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS on …
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BUSD supply drops below $2B following regulatory controversies
The supply of Binance’s USD (BUSD) stablecoin has declined by more than 90% to under 2 billion after peaking at an all-time of nearly 23 billion in November 2022, according to CryptoSlate’s data. BUSD supply sits at around 1.88 billion as of press time. Graph showing the supply of BUSD in 2023 (Source: Glassnode) Curve’s …
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Record-breaking open interest on CME shows growing market activity
What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS on …
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Trader Who Caught 2023 Crypto Rally Says Bitcoin Looks ‘Giga’ Bullish, Updates Outlook on Ethereum
An analyst who rode the crypto rally earlier this year says that Bitcoin (BTC) looks extremely bullish as the leading digital asset finds acceptance above $34,000. Pseudonymous analyst DonAlt tells his 507,900 followers on the social media platform X that Bitcoin is now trading in a wide range between $32,000 and $60,000. Bitcoin trading well …
BNB Smart Chain scam losses dropped 75% in Q3: Report
Security firm HashDit says the lower amount lost to scams on BSC could be due to an uptrend in security products addressing the threat. News Join us on social networks Scams facilitated on BNB Smart Chain (BSC) decreased from $55.4 million in the second quarter of 2023 to $13.6 million in the third quarter, according …
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Kenyan lawmakers ask local Blockchain Association to come up with crypto bill
Kenya might become the first country in the world where the industry’s representatives would develop the regulatory framework for crypto. News Join us on social networks Kenya might become the first country in the world where the industry’s representatives would develop the regulatory framework for crypto. According to the Blockchain Association of Kenya (BAK), The …
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Fiat on-ramps, banking partners crucial for institutional Web3 adoption – European Blockchain Convention
Prominent fiat payment rail services and neobanking platforms are becoming a catalyst to address institutional mistrust in the cryptocurrency sector. News Join us on social networks Fiat payment rails and neobanking services are becoming a vital cog in driving mainstream adoption and acceptance of the wider cryptocurrency space, according to key industry figures at the …
Inordinately high — Bitcoin Ordinals send BTC transaction fees to new 5-month peak
Bitcoin users attempting to send on-chain BTC transactions are footing the bill for a fresh surge in Ordinals. Markets News Join us on social networks Bitcoin (BTC) transaction fees are at their highest in nearly six months as a new wave of inscriptions boosts competition for block space. Data from statistics resource BitInfoCharts shows the …
South Korean telco to launch Web3 wallet with Aptos and Atomrigs Lab
SK Telecom aims to expand its “affiliations with customer-preferred mainnets and decentralized applications (dApps)” using this tripartite agreement with the blockchain companies. News Join us on social networks South Korean telecom giant SK Telecom (SKT) announced plans to launch a Web3 wallet service, T wallet, in partnership with layer 1 mainnet Aptos Labs and Atomrigs …
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Nifty News: The Simpsons roast NFTs, Yuga Labs exec departs after anti-semitic tweets and more
The Simpsons poked fun at NFTs in their annual halloween special but degens still managed to take advantage of the publicity to hoist an NFT collection to near top of the charts. News Join us on social networks The Simpsons roasts NFTs in new Halloween special Animated television series The Simpsons spent an entire segment …
LHV Bank founder has $470M worth of Ether, but lost his private key
Rain Lõhmus, the founder of LHV Bank told Estonian media last month he’s not made much effort to recover the funds, but is willing to pay someone who can. News Join us on social networks The founder of Estonia-based LHV Bank, Rain Lõhmus, has been revealed as the owner of a massive 250,000 Ether (ETH) …
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Ava Labs cuts 12% of staff to ‘reallocate resources’ toward expansion
Ava Labs CEO Emin Gün Sirer however stressed the firm is well-positioned with significant runway and resources at its disposal. News Join us on social networks Ava Labs, the team behind the Avalanche Blockchain, has confirmed it laid off 12% of its employees in a recent wave of staff cuts, citing the need to reallocate …
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Xbox partners with Inworld AI to build AI tools for game developers
In a significant development that echoes the broader trend of AI integration across various industries, Microsoft announced that its gaming brand, Xbox, has announced a multi-year partnership with Inworld AI. According to the announcement, this collaboration aims to utilize the power of Generative AI to create dialogue and narrative tools for game development. The partnership …
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