Day: December 19, 2023

40+ Countries Approved Crypto Regulations in 2023

Global Surge in Crypto Regulation In 2023, a wave of regulatory action in the cryptocurrency space has been observed globally, with more than 40 countries actively participating in developing crypto-focused regulations and legislation. This trend, highlighted in a recent report from professional services firm PriceWaterhouseCoopers (PwC), suggests a potential shift towards broader cryptocurrency adoption worldwide. […]

Changer.ae: New Crypto Custody Services in MENA

Changer.ae Ltd, a premium crypto custodian service, has officially entered the digital asset safeguarding realm with the launch of its innovative platform. This platform is not just a wallet; it’s a symbol of security and convenience in the rapidly evolving world of digital assets. Regulated by the Financial Services Regulatory Authority (FSRA) of Abu Dhabi […]

FTX Settlement: A Glimmer of Hope for Fund Recovery

The recent announcement of a settlement between FTX Trading Ltd and its Bahamas subsidiary, FTX Digital Markets, has sent ripples through the cryptocurrency community, raising hopes for the recovery of consumer funds. However, the path to recovery remains complex and uncertain. Navigating Jurisdictional Complexities FTX Trading Ltd, currently embroiled in bankruptcy proceedings in the United […]

Lisk Blockchain Embarks on a New Journey as an Ethereum Layer 2 via Optimism and Gelato

Lisk, the blockchain platform established in 2016, has announced an ambitious pivot in its operational strategy by transitioning from a standalone Layer 1 blockchain to becoming a Layer 2 solution within the Ethereum ecosystem. In a strategic collaboration with Optimism and Gelato The migration of Lisk to an Ethereum Layer 2 will harness the OP […]

Ripple Rallies Behind Pro-Crypto Candidates in $78 Million Political Push for the 2024 US Elections

Ripple CEO Brad Garlinghouse announced the company’s commitment to supporting pro-crypto candidates in the upcoming 2024 US election cycle. This announcement comes amidst a backdrop of increasing tension between the crypto industry and regulatory bodies, particularly the US Securities and Exchange Commission (SEC), which Ripple’s CEO has criticized for its overreaching regulatory approach. Ripple’s decision […]

BlackRock’s Major Update on Bitcoin ETF: A Catalyst for a $1.6 Trillion Crypto Market Surge

The cryptocurrency market, already experiencing a significant upswing, has been further energized by recent developments surrounding Bitcoin and other major cryptocurrencies such as Ethereum, BNB, XRP, and Solana. This surge is largely attributed to the anticipation of a potential “Biden bailout” in 2024, which has led to a remarkable 40% increase in Bitcoin’s value over […]