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...
The Legislative Council in Hong Kong has approved a new amendment to the anti-money laundering (AML) and terrorist financing system to include virtual asset service providers. ...
Sumitomo Mitsui Financial Group (SMBC), a leading financial organization in Japan, is testing soulbond tokens to meet emerging social requirements. Today, December 8, 2022, SMBC formally...
Chair Waters told Democrats that there was no plan to subpoena Sam Bankman-Fried to the House’s hearing on Dec. 13. Earlier, on Sunday, Dec. 4th,...
Audit firm Mazars has completed a verification exercise on Binance’s bitcoin reserves. According to a Dec. 7 report, Mazars found that the leading crypto exchange held...
The Central Bank of Korea has released a proposal on the issuance of stablecoins in the country. The report revealed that issuers of stablecoins in South...
Bitcoin maximalist Michael Saylor has criticised Ripple and Ethereum for engaging in securities fraud. In a recent podcast appearance, Saylor classified altcoins as securities, indirectly restating...
Decentralized Finance (DeFi) Protocol Sushi Swap is reportedly facing a deficit in its treasury that may adversely affect its long-term operability. This is according to a...
Reports on the current state of Chipper Cash show that its valuation is down to $1.25 billion from the initial $2 billion. While the reduction in...
Starbucks has announced that Odessey, its first Web3 community-based project, will launch on December 8, 2022. The information was sent out via email to a handful...
The operating company of the Tether USD, Tether Operations Limited (Tether), on Tuesday announced it had launched its offshore Chinese Yuan (CNH₮) on the Tron Blockchain....
