The recent legal battles between Terraform Labs and the SEC have shed light on the complex regulatory landscape of the crypto industry. Not only is Terraform facing allegations of securities fraud, but other major players in the crypto space, such as Ripple, Coinbase, and Binance, are also under scrutiny. The SEC’s aggressive stance on enforcing
Blockchain
In a recent press release, it was announced that Studio369, a video game developer, has successfully raised $5 million in funding for the development of its upcoming web3 MMO, MetalCore. This funding round, which took place on March 12, saw contributions from notable investors such as Delphi Digital, BITKRAFT Ventures, and Sanctor Capital, among others.
The imminent release of $2.32 billion worth of vested Arbitrum (ARB) tokens on March 16 has sent ripples of anticipation throughout the cryptocurrency community. The so-called “Cliff Unlock” will see a substantial sum of tokens, around 1.1 billion ARB, being unleashed into the market. This release constitutes approximately 76% of the token’s circulating supply, leading
Core Foundation, a leading organization in the blockchain space, has recently made headlines with the launch of its non-fungible token (NFT) marketplace. This marketplace is set to revolutionize the way users interact with digital assets on the Core chain, providing them with a seamless platform for minting and trading NFTs. One of the most exciting
China’s Shandong Province has taken a significant step towards integrating digital currency into regional business practices with the introduction of a digital yuan loan program for entrepreneurs. This initiative aims to facilitate access to capital for small businesses in the region. The capital city of Jinan has recently launched an online system called “Ji Dan
BA Labs, a key member of the MakerDAO Stability Advisory Council, recently proposed an emergency rate adjustment within the MakerDAO community forum in response to unprecedented market volatility and a significant reduction in reserves. The proposal includes various changes aimed at addressing the immediate challenges posed by the current market conditions. The proposal by BA
K Bank, a South Korean neobank known for its rapid growth in the crypto sector, is planning to make an initial public offering (IPO) bid. This move comes as the bank aims to list on the South Korean KOSPI stock market within the year, signaling a significant milestone in its journey. K Bank’s success can
On March 7, Wall Street Investment firm Goldman Sachs made a significant adjustment to its stance on Coinbase. The firm upgraded COIN’s stock position from sell to neutral, in response to the recent uptrend in the price of bitcoin, which soared to a new all-time high of $69,225.37. This change in position also led Goldman
The stablecoin regulation bill introduced by U.S. Senators Cynthia Lummis and Kirsten Gillibrand has sparked significant interest and debate within the cryptocurrency community. With the impending announcement of this bill, many stakeholders are eager to see how it will impact the industry as a whole. Sen. Cynthia Lummis’ Stance on Bitcoin and Stablecoins Senator Lummis
The central bank of the Philippines, also known as BSP, is currently working on completing a Central Bank Digital Currency (CBDC) pilot by the end of the year. This initiative was mentioned in a local press report during a press briefing by the Central bank Deputy Governor for Payments and Currency Management, Mamerto Tangonan. According
