ALTAVA, a trailblazer in the digital fashion realm, has joined forces with Play TOZ, a Web3 division of WEMADE PLAY, to introduce a groundbreaking partnership set to enhance the TOZ Universe, a Web3 Metaverse community. This innovative collaboration aims to blend digital fashion with user engagement within the vast virtual world of TOZ Universe. At
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Singapore’s Monetary Authority (MAS) recently made significant changes to its Payments Service Act (PSA) in an effort to strengthen its oversight and enhance user protection in the cryptocurrency industry. This move reflects Singapore’s commitment to becoming a leading hub for cryptocurrency activities while maintaining a regulatory environment that encourages innovation and safeguards investors. MAS has
In March 2024, blockchain security firm PeckShield released a report highlighting a troubling trend in the world of cryptocurrencies. The report revealed that there were over 30 incidents of hacks, resulting in approximately $187.29 million in losses. This surge in crypto hacks is particularly concerning as it can have a significant impact on investor confidence
The Bitcoin Halving event is quickly approaching, with just a few more blocks left before miners’ rewards are slashed in half. According to data from Coinwarz, the Halving is expected to occur on April 19 at Block 840,000. This event, programmed into the Bitcoin protocol by Satoshi Nakamoto, takes place approximately every four years or
In a recent interview with Fortune, Coinbase CFO Alesia Haas expressed her belief that Ethereum (ETH) should not be classified as a security. This stance is supported by both the SEC and the CFTC, who have previously stated the same opinion. Haas attributed the uncertainty surrounding the classification of Ethereum to the lack of clear
The cryptocurrency market is eagerly anticipating the upcoming Bitcoin Halving, with many market analysts predicting further upside movements for the flagship crypto, Bitcoin. However, amidst all the attention on Bitcoin, crypto analyst Jason Pizzino has recently made a compelling case for alternative cryptocurrencies like Ethereum (ETH) and Solana (SOL), emphasizing the significance of paying attention
WAX has recently made a groundbreaking announcement regarding its partnership with Amazon Web Services (AWS) to integrate its blockchain tools into the Amazon Managed Blockchain (AMB) service. This strategic move is aimed at streamlining the development process for blockchain-based games and applications by providing direct access to WAX’s Web3 networks through the AWS console. By
Argentina has recently taken significant steps towards regulating the cryptocurrency industry within its borders. The government has introduced legislation requiring all local crypto firms to register with a new regulatory body dedicated to the sector, or face the consequence of ceasing operations entirely. This move aligns with recommendations from the Financial Action Task Force and
Nakamoto Games, a Web3 gaming hub, is gearing up for three major releases in the near future, signaling a pivotal moment in the company’s journey. These upcoming launches are poised to make a significant impact in the gaming industry and solidify Nakamoto Games’ position in the market. The first of the three releases is GalacticGrail,
Bitwise Asset Management, a key player in the cryptocurrency index fund market, has urged the U.S. Securities and Exchange Commission (SEC) to postpone the approval of a spot Ethereum Exchange-Traded Fund (ETF) until December. Chief Investment Officer Matt Hougan shared with Forbes his concerns that the industry’s current emphasis on Bitcoin-related products may be taking
Popular cryptocurrency analyst and enthusiast, Rekt Capital, recently discussed the breakout process of Bitcoin (BTC) from a weekly range. He pointed out that Bitcoin has been stuck within a weekly range named Black-Black, ever since it faced an 18% correction. This range was formed by the candle-bodied peak and the upside-wicking peak from 2021. Rekt
Shiba Inu (SHIB) saw a remarkable surge in token burns during March, with billions of tokens taken out of circulation. The burning mechanism was a key focus, with over 15.5 billion assets destroyed in just one month. This spike in burning activity, especially on March 8 when almost 14 billion tokens were burned, represented a
In the fast-paced realm of cryptocurrency, new coins and tokens emerge on a regular basis. One of the latest additions to the scene is Poopcoin, created by Jordan Castro, also known as Poopie. Launched just a mere ten hours ago, Poopcoin has already generated a staggering $60 million in trading volume. Despite this initial success,
With the widespread boom in the cryptocurrency market, there has been a significant increase in crypto-related crimes worldwide. One of the most targeted groups in these scams are elderly individuals who are often manipulated by fraudsters into exchanging their funds for crypto by offering unrealistic promises of high investment returns. Authorities in South Korea recently
In response to the recent attacks on Israel, both the US and UK authorities have taken decisive action against entities suspected of financing terrorism through cryptocurrency. The US Treasury’s Office of Foreign Assets Control (OFAC) and the UK’s Office of Foreign Sanctions Implementation (OFSI) have imposed sanctions on two individuals and three entities allegedly involved
The Financial Conduct Authority (FCA) in the UK is making moves to regulate meme-based marketing in the financial services sector. With the rising popularity of cryptocurrencies and other investments, the FCA has released guidelines for both financial services firms and social media influencers to ensure transparency and prevent misleading advertising. The FCA’s latest report underscores
The landscape of artificial intelligence (AI) and its impact on security and privacy is rapidly evolving. As the industry continues to advance, new challenges and concerns are emerging that require careful consideration. Last week, John deVadoss presented and discussed the implications of AI relating to security with members of Congress and their staff in Washington,
The Bitcoin market has been experiencing a surge in price, hovering around the $70,000 mark, with many investors eagerly anticipating further price increases. A significant factor contributing to this surge is the accumulation of Bitcoin by large whales. Whales are known for holding massive amounts of Bitcoin in their addresses, with the ability to make
The recent surge in the Bitcoin price has sparked a wave of optimism among cryptocurrency investors, drawing parallels to the positive spirit often associated with Holy Week among Christians. This renewed momentum in the market has not only benefited Bitcoin but has also led to significant profits for other major cryptocurrencies in the past week.
Tigran Gambaryan, a prominent figure at Binance, has recently taken legal action against the National Security Adviser (NSA) and the Economic and Financial Crimes Commission (EFCC) in Nigeria. As an American citizen, Gambaryan is fighting against his alleged wrongful detention by Nigerian authorities. According to Gambaryan’s lawyer, T.J. Krukrubo SAN, the Nigerian government is using
Bitcoin investors have seen a profitable week as the cryptocurrency surged by 9.34%, reaching above $71,000 according to data from CoinMarketCap. This upward trend has sparked optimism among market participants, who are eagerly awaiting potential large price gains in the current bull cycle. Bitwise CEO Hunter Horsley has shared insights on the significance of the
Cardano’s recent progress in technological advancements, as highlighted by Input Output Hong Kong (IOHK), demonstrates a significant improvement in the ledger team. The team has made enhancements in test frameworks and data quality during the Newconstraints phase3. By introducing constraints and new types such as Size, SizeSpec, and Sized, the ledger team has shown a
Kerrisdale Capital recently released a report arguing that MicroStrategy’s shares have become significantly overvalued in comparison to the actual value of Bitcoin. The company pointed out that the premium at which MicroStrategy’s shares are trading, at over two and a half times the spot price of Bitcoin, is unjustified. In fact, Kerrisdale Capital believes that
CFTC Commissioner Caroline Pham’s recent comments regarding her agency’s charges against KuCoin have shed light on a potential conflict between the CFTC and the SEC. Pham expressed concerns that the CFTC’s aggressive enforcement action may infringe on the SEC’s jurisdiction. Specifically, she pointed out that the complaint fails to differentiate between investments in funds, which
The recent outflows from the Grayscale Bitcoin ETF caused a significant stir in the market, resulting in a notable drop in the price of BTC. However, as the new week unfolds, there seems to be a shift in the investor sentiment towards Bitcoin. The outflows from the Grayscale ETF have slowed down, hitting one of
In response to the earthquakes that struck Turkey on February 6, the Binance Women in Technology Academy, in collaboration with the Women in Technology Association (Wtech), has redirected its efforts to support the southern province of Hatay, which was significantly affected by the disaster. The Academy organized a two-day program on March 26-27 in Hatay’s
The Binance-linked HKVAEX exchange has made the decision to close down and has officially withdrawn its application for an operational license in Hong Kong, as stated on the Securities and Futures Commission (SFC) website. The exchange, which operates under the name BX Services Ltd, formally pulled back its license application on March 28. This move