Kraken gained approval to operate in the United Arab Emirates The heavyweight exchange bagged the license from Abu Dhabi authorities Kraken can now offer virtual asset trading facilities to local investors Also, the exchange will provide trading pairs in the local currency – Dirhams Other exchanges like FTX and Binance have also received approval to …
Tag archives: Ethereum
Axie Infinity Hackers Transfer 33.5k ETH to a New Ethereum Address as the US Treasury Intensifies Sanctions
Summary: The Ronin Network, Axie Infinity hackers, have transferred 33,568.152 ETH to a new address 61,253.416 ETH now remains in the Ethereum address that stored the initial funds from the hack The US Treasury has intensified sanctions aimed at blocking Ethereum addresses associated with the hack Decentralized mixing platforms such as Tornado Cash have complied …
UST Wins When More Blockchains Issue their Own Stablecoins – Terra’s Do Kwon on Tron’s USDD
Quick take: Terra’s founder, Do Kwon, believes that the more blockchains issue their own stablecoins, the more likely UST will win Do Kwon was commenting on the impact of Tron issuing its USDD stablecoin According to the Terra founder, algorithmic stablecoins are fast becoming the norm, and the future looks bright for them The Luna …
New York State Legislators Introduce Bills Aimed at Criminalizing Crypto Fraud and Rug Pulls
Summary: The US State of New York, through its legislators, has introduced bills aimed at criminalizing crypto fraud and rug pulls The first one, bill S8839, is in the New York Senate and establishes certain offenses relating to crypto fraud, illegal rug pulls, private key fraud, and fraudulent failure to disclose an interest in virtual …
Bored Ape Yacht Club NFT Floor Price Hits New ATH of 138 ETH on News of BAYC Otherside Metaverse Launching on April 30th
Quick take: The floor price of Bored Ape Yacht Club NFTs has hit a new all-time high of 138.5 Ethereum (ETH) Trade volume has also increased by 181.95% in a week. The increment in floor price and trade volume is attributed to the announcement of the BAYC metaverse The BAYC Metaverse, known as Otherside, will …
Legendary NWA Rapper, Ice Cube, Scoops DeGod NFT for 265 Solana (SOL)
Summary: Legendary NWA and Westside Connection rapper, Ice Cube, has purchased a DeGod NFT for 265 Solana Ice Cube purchased the mutated version of a DeGod commonly referred to as a DeadGod DeGod NFT owners and fans were quick to welcome Ice Cube to the community Ice Cube is no stranger to NFTs as he …
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New York to Vote on Crypto Mining Bill, Could Become the First US State to Ban Bitcoin Mining
Quick take: The New York State Assembly is scheduled to vote on a proposed ban on crypto mining activities in the state The vote will be carried out on Monday, April 25th If successful, the Bill proposed under number A7389C will make New York the first state to ban proof-of-work networks such as those of …
Bitcoin’s Narrative as a Store of Value Gathers Momentum as Countries Reduce USD Allocation of their FX Reserves
Quick take: The narrative of Bitcoin being a store of value is gathering momentum Countries are diversifying their foreign currency reserves away from the US Dollar The war in Ukraine could accelerate the de-dollarization of FX reserves as investors, corporate treasures, and possibly central banks look to Bitcoin as a store of value According to …
Binance CEO Refutes Claims by Reuters that the Exchange Shared Russian User Data with the FSB and Regulators
Quick take: CZ has denied claims published in a Reuters article that Binance shared Russian user data with FSB agencies and regulators According to Reuters, the Russian agency, Rosfin, was seeking to trace millions of dollars in Bitcoin raised by jailed opposition leader Alexei Navalny CZ has clarified that as soon as the war in …
Bitcoin Seized from Silk Road to Pay Ross Ulbricht’s $183M Debt to the US Govt.
Summary: Silk Road’s creator Ross Ulbricht will have his debt to the US government wiped off He owes the US Government $183 million, and it will be paid for using $3 Billion in Bitcoin connected to another unnamed Silk Road hacker The figure he owed the government was the amount he was ordered by the …
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Polygon Announces Supernets and a $100M Development Fund
Polygon has set aside $100 million for a new blockchain system called Supernets. Supernets will make it easy for developers to develop applications with robust customizability and low costs. The $100 million will go towards encouraging development on Supernets. The Polygon project has announced a budget of $100 million towards a new blockchain network specifically …
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Stripe Integrates Polygon For USDC Payments On Twitter
The payments giant and Ethereum layer 2 scaling protocol Polygon will team up to facilitate payments using Circle’s USDC stablecoin Twitter creators will be the first to test out the option via Connect Cross-border settlement giant Stripe will tap the Ethereum-based layer 2 scaling solution Polygon to power USDC payments. Per details of the announcement, …
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Ukraine’s National Bank Restricts Using Local Currency For Crypto Investments
Ukraine’s primary money regulatory body banned using the country’s currency for crypto investments in accordance with martial law The policy aims to restrict capital outflow from local banks during the ongoing tension with Russia Investors can still buy crypto using foreign currencies but a monthly limit of $3,300 has been introduced. Ukraine’s sovereign fiat currency, …
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Binance Secures $5.8 Million Worth Of Laundered Axie Infinity Funds
Crypto exchange Binance has secured a part of stolen Axie Infinity funds. Binance’s CEO Changpeng Zhao stated that the exchange has successfully retrieved stolen funds worth $5.8 million from the Axie Infinity hackers. Crypto Exchange Binance has successfully seized $5.8 million worth of stolen funds from the Axie Infinity hackers. The exchange’s CEO Changpeng Zhao …
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NFT Marketplace “Looks Rare” Fights Back NFT Giant “Opensea” By Rewarding in $Looks for Listing in Their Marketplace
Looks Rare to introduce a rewards program that rewards users for listing their NFTs. This is an effort to incentivize liquidity on their NFT marketplace Looks Rare token $LOOKS may be showing signs of revival after rumors that it will be listed on Binance. It has not been a secret that Looks Rare, the NFT …