Bybit has moved to make its KYC policy mandatory for users. The exchange which allowed flexibility in terms of KYC procedures has now adopted a rigid...
Arbitrum-based borrowing protocol Lodestar Finance has been exploited through a flash loan on the 10th of December. According to Lodestar, a hacker artificially raised the plvGLP token...
A court in the Chinese city of Hangzhou has ruled that non-fungible tokens (NFTs) are virtual property protected by the People’s Republic’s laws. The ruling resulted...
Addition: Yuga Labs has responded to the class action brought against it.
A new study reveals Turkey is in second place for crypto-related searches worldwide and first place for Dogecoin-related searches. The current bear market, which has prevailed...
For the first time, the Digital Money Institute’s third annual payments report takes a dive into Central Bank Digital Currencies, as a payment method, alongside other...
The UK Parliament is set to begin consultations on the development of the first national CBDC (digital pounds). In a statement made by Jeremy Hunt, the...
Crypto.com has announced the result of its Proof of Reserve check. This means that users can verify the safety of their funds at any time. https://t.co/vCNztABJoG...
OpenSea has announced a new plan for NFT royalty on its platform. This plan is an upgrade from the existing one and came as a response...
The UK has confirmed that it will extend the tax break for investment managers in order to cover crypto assets. This is after the New Prime...
The US-based cryptocurrency exchange Coinbase has asked that its users convert their Tether-issued USDT to USDC. In reaction to the recent happenings, the exchange believes USD...
Solana wallet Sollet.io has shut down activities, leaving users with a flurry of emotions. @DeFiYieldSec reported the development on its Twitter, revealing that tweets on Sollet’s...
Telegram announced its SIM-less account for users. The update means that anyone can create an account on the instant messaging platform without the need for SIM...
FTX’s collapse has had far-reaching effects, just as speculated. Shark Tank Investor, Kevin O’Leary is the latest to reveal how much he lost to the crypto...
Singapore-based crypto trading and lending firm Amber Group is cutting its staff size by 40%. According to a Bloomberg report, the crypto firm has begun scrapping...
On December 7, 2022, a bankruptcy judge ordered that $44 million in crypto be given to a group of customers of the defunct crypto lending platform,...
The Spanish government has opened applications for proposals to design a wholesale CBDC project for financial institutions and tech providers. According to the announcement released by...
While FTX’s implosion shed light on the failings of centralised exchanges, it may have also revealed an underlying challenge in the NFT industry. Like the FTX...
PayPal has launched its crypto services in Luxembourg. The expansion will see verified citizens of Luxembourg access PayPal to buy, sell and hold cryptocurrencies such as...
