Luno, a London-based crypto exchange, has increased its reach by obtaining a functioning permit in South Africa from the Financial Sector Conduct Authority (FSCA). This authorization enables Luno to improve client support in the area and lawfully offer its goods and services within the local market. Market Entry and Compliance On X, formerly known as … Read more
Bitcoin (BTC) has encountered issues with scaling, causing a need for remedies to enhance its transaction-processing capacity. In response, innovative Layer 2 (L2) technologies have emerged, aiming to alleviate pressure on the fundamental layer and unlock new functionalities for the digital currency. The route to scalability, however, has ignited a contentious argument within the crypto … Read more
Lately, Ethereum (ETH) has experienced considerable price volatility, with noticeable fluctuations occurring within a brief timeframe. Initially, the cryptocurrency dipped by 3.1%, causing its value to drop to $3,411. However, it swiftly recovered and climbed up to $3,591, representing a substantial increase of 5.3%. Large cryptocurrency holders, referred to as “whales,” suddenly caused a price … Read more
Solana-based crypto lending protocol Marginfi is undergoing some major turbulence with its creator Edgar Pavlovsky announcing his departure from the project on Wednesday, April 10, citing some internal disagreements. As a result, the outflows from Marginfi have skyrocketed to more than $214 million from one of the most popular DeFi protocols on Solana. Meanwhile, the … Read more
The expected launch of Ethereum ETFs in the US is encountering delays due to increasing worries among industry experts about obtaining SEC approval. The lack of communication from the SEC has heightened concerns and uncertainty. Jan van Eck, the CEO of investment firm VanEck, has raised concerns about the SEC’s approval of a spot Ethereum … Read more
EMURGO, a major player in the blockchain industry and partner for Cardano, has revealed a strategic alliance with Huawei Cloud, a renowned global cloud computing service. This partnership aims to boost Web3 applications using Cardano. EMURGO announced information about its latest partnership, highlighting its expanding connections to significant technology companies globally. Implications of the EMURGO … Read more
At the Paris Blockchain Week, which started on April 9, 2024, Matthew White, the head of Dubai’s new Virtual Asset Regulatory Authority (VARA), shared intentions to ease regulatory hurdles for smaller crypto businesses operating in the area. During a conversation at a regulatory panel event, White admitted that existing laws for digital assets require modifications … Read more
Voyager Digital is making good progress in its plan to repay creditors following bankruptcy. To boost its financial revival, the company has obtained approximately $484 million through settlements with FTX, Three Arrows Capital (3AC), and Directors and Officers (D&O) Insurance. In a recent court filing to the US Bankruptcy Court for the Southern District of … Read more
Robert Kiyosaki, famous for his best-selling book “Rich Dad, Poor Dad,” has endorsed Cathie Wood’s bold forecast that the value of a single Bitcoin (BTC) could potentially soar to an astounding $2.3 million. Kiyosaki, an ardent backer of Bitcoin, has given his approval to Wood’s forecast, expressing his faith in her expertise and judgement. Previously, … Read more
The FBI has issued a subpoena for details about a meeting of Bitcoin Core developers due to an ongoing probe into the disappearance of $3.6 million in Bitcoins belonging to Luke Dashjr. This investigation aims to identify any attendees who may have been involved in the theft. FBI Requested One Year Silence on Subpoena Mike … Read more