The Monetary Authority of Singapore (MAS) has recently made significant amendments to its Payments Service Act (PSA) in a bid to boost user protection and strengthen its jurisdiction within the cryptocurrency industry, as announced in a statement on April 2. These revisions are in line with Singapore’s goal of solidifying its position as a cryptocurrency-friendly
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In a recent interview with Fortune, Coinbase CFO Alesia Haas made a bold statement by asserting that Ethereum (ETH) should not be classified as a security. Haas highlighted the previous positions of both the SEC and the CFTC, emphasizing the lack of regulatory clarity surrounding cryptocurrencies in the US as the root of the classification
As the Bitcoin Halving draws near, with less than 2,900 blocks remaining before miners’ rewards are halved, anticipation is building within the crypto community. The event, projected to occur in April around Block 840,000, is expected to have a profound impact on Bitcoin’s price trajectory. The Halving, occurring approximately every four years, is a deflationary
In March 2024, blockchain security firm PeckShield released a report that highlighted a distressing increase in crypto hacks, causing over $187.29 million in losses across more than 30 incidents. Despite some recovery efforts, these breaches have dealt a significant blow to the DeFi sector’s progress. One of the most devastating breaches mentioned in the report
Argentina has taken a significant step in the regulation of the cryptocurrency industry by requiring all local crypto firms to register with the newly established regulatory body dedicated to the sector. Failure to comply with this requirement could result in these firms being forced to cease operating entirely. The decision comes after the nation’s senate
In the midst of all the hype surrounding Bitcoin and the upcoming Bitcoin Halving, crypto analyst Jason Pizzino has shed light on the potential of altcoins such as Ethereum (ETH) and Solana (SOL). Pizzino’s analysis suggests that Ethereum may be gearing up for a breakout in the near future, despite Bitcoin stealing the show with
Recently, cryptocurrency analyst Rekt Capital has observed a potential breakout process for Bitcoin (BTC) from a weekly range. This breakout process comes after Bitcoin has been trading within a range that the analyst referred to as Black-Black, following an 18% correction. The range is defined by the candle-bodied peak and upside-wicking peak from 2021. Rekt
Bitwise Asset Management is making a bold move by urging the U.S. Securities and Exchange Commission (SEC) to defer the approval of a spot Ethereum Exchange-Traded Fund (ETF) until December. This decision comes amid the soaring success of the Bitwise Bitcoin ETF (BITB), which has accumulated over $2 billion in assets under management since its
In a groundbreaking move, WAX has partnered with Amazon Web Services (AWS) to bring its cutting-edge blockchain tools to the Amazon Managed Blockchain (AMB) service. This strategic collaboration aims to simplify the development process for blockchain-based games and applications by granting developers direct access to WAX’s Web3 networks through the AWS console. By integrating with
Nakamoto Games, a prominent Web3 gaming hub, has recently announced plans for three groundbreaking releases that are set to shake up the gaming market. With a commitment to excellence and innovation, the company is gearing up for a dynamic development marathon that will redefine player engagement and competitive gameplay. The first of these releases, GalacticGrail,
