After a period of consultation, Hong Kong’s financial regulators have finalized a licensing program initiative for fiat-referenced stablecoin (FRS) providers. This initiative received feedback from various stakeholders, showing overwhelming support for the need for a regulatory regime for FRS issuers. The regulators believe that this is necessary due to the rapid growth of digital assets
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Cardano (ADA) has recently seen a 40% increase from its lowest point this month, yet it is still significantly down from its peak earlier this year by 45%. Despite being a major player in the cryptocurrency world, Cardano has been facing immense pressure in recent months. External data reveals a concerning trend in the decrease
During this week’s market recovery, XRP has stood out as one of the top-performing crypto assets. With a recent spike to $0.62, a level not seen since March, XRP has demonstrated an impressive recovery, showcasing over 40% gains in just one week. This surge in price has been attributed to a broader market uptrend, indicating
The recent positive inflows towards spot Bitcoin ETFs have contributed to the recovery of the underlying asset’s price, which reached $66,000 for the first time in roughly a month. Bitcoin faced significant price turbulence at the beginning of the month, resulting in a price dump to a three-month low of under $54,000 on July 5.
Australian computer scientist Craig Wright’s assertion that he is the mysterious figure behind Bitcoin, Satoshi Nakamoto, may have serious legal repercussions. A recent ruling in the COPA vs. Wright case has exposed potential perjury and forgery of documents by Wright. High Court Justice James Mellor has referred Wright’s misconduct to the Crown Prosecution Service (CPS)
Delabs Games, a prominent South Korean game development company, has once again made waves in the gaming industry with their latest creation – Giga Chad Bat. This clicker game, based on baseball, is now available on the popular messaging platform Telegram. With Web3 capability and a focus on user engagement, Giga Chad Bat is aiming
In a groundbreaking move, the blockchain-based game Axie Infinity is set to introduce Avatar Mode with its latest expansion, Homeland. This new feature allows any player who owns an Axie NFT to become the avatar that navigates the map, offering a fresh perspective on exploration and social interaction within the game. Unlike previous features, Avatar
The latest study conducted by Social Capital Markets has unveiled a significant surge in lobbying expenditures within the crypto industry over the past seven years. The data reveals a staggering 1,386% increase in lobbying spend by crypto companies, soaring from $2.72 million in 2017 to an astonishing $40.42 million in 2023. This surge highlights a
The decentralized finance (DeFi) platform LI.FI protocol recently fell victim to an exploit that resulted in the loss of over $8 million in user funds. Cyber Alerts discovered suspicious transactions within the LI.FI cross-chain transaction aggregator, prompting LI.FI to issue a warning to users not to interact with any LI.FI powered applications temporarily. The breach
The recent news about the potential launch of Spot Ethereum ETFs has caused a surge in the price of Ethereum (ETH). Bloomberg analyst Eric Balchunas revealed on X (formerly Twitter) that the SEC has responded to the fund issuers and requested final S-1 filings by July 22 for the ETFs to be effective by July