In the wake of the stablecoin implosion last year, there has been a growing consensus among international leaders about the need for global regulations and norms in the stablecoin sector. However, only a few countries have taken firm steps towards implementing these measures. Singapore’s central bank, the Monetary Authority of Singapore (MAS), has emerged as
Crypto
Chainlink, a decentralized oracle network, has extended its integrations to a total of 12 projects by partnering with Base, a Coinbase-incubated layer-2 network. This collaboration opens up new opportunities for developers building on the layer-2 blockchain, granting them access to Chainlink Data Feeds and other web3 services. With its native integration into Base, Chainlink offers
The US Commodity Futures Trading Commission (CFTC) recently exposed a fraudulent project involving precious metals and digital assets. The CFTC filed a complaint against four individuals and their unincorporated entity, Fundsz, for operating this deceptive scheme. Fundsz and its founders, Rene Larralde, Brian Early, Alisha Ann Kingrey, and Juan Pablo Valcarce, lured over 14,000 customers
Nansen, a blockchain market intelligence firm, recently published a comprehensive report analyzing the behavior of the earliest whales on Coinbase’s layer 2 blockchain, Base. The report sheds light on how these early adopters are utilizing their funds and provides valuable insights into their investment strategies. According to Nansen’s findings, the early whales predominantly allocated their
Evernode, a layer 2 smart contract solution developed on the XRP Ledger (XRPL), has recently disclosed the initial details of its upcoming airdrop. This airdrop is specifically intended for XRP holders who meet the eligibility criteria. To participate in the airdrop, XRP holders are required to provide a snapshot of their holdings by the beginning
The central bank digital currency (CBDC) issued by Banco Central do Brasil is reportedly set to see the light of day in 2024. Its main purpose will be to boost financial services in the country. Brazil is not the only nation interested in introducing a CBDC, as countries like China, Russia, Japan, Australia, and the
In a high-stakes legal battle, attorneys representing Tesla CEO Elon Musk are calling for the dismissal of a multi-billion dollar case accusing the celebrity entrepreneur of insider trading with Dogecoin (DOGE) against his online followers. The lawyers argue that the accusations should be dismissed with prejudice, preventing plaintiffs from burdening the judicial system with additional
Blockchain.com, a leading cryptocurrency exchange, has obtained a payment institution (MPI) license from the Monetary Authority of Singapore (MAS). This is the second license the company has received in Singapore, following the in-principle approval granted in September 2022. With this new authorization, Blockchain.com aims to strengthen its compliance with regulators in the regions where it
The summer period has been marked by lackluster trading activity in the digital asset market. Investment products in the cryptocurrency space have seen outflows amounting to $107 million. This trend is indicative of profit-taking among investors, with weekly trading volumes in these products 36% lower than the year-to-date average. The decline in trading activity extends
Over the past week, Bitcoin has shown an unusual calmness, with its price hovering around $29,000. This is quite surprising for a cryptocurrency as volatile as BTC. In fact, Bitcoin’s volatility has dropped to levels lower than even that of gold, as indicated by the 5-day weighted average. Looking at the 1-hour chart, it is
