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The Merger of DASH Industry Forum into SVTA

The Streaming Video Technology Alliance (SVTA) has welcomed the DASH Industry Forum (DASH-IF), representing a significant shift in the streaming technology environment. This merger incorporates DASH-IF’s considerable work on the MPEG-DASH format and related technologies into SVTA’s larger industry objectives. DASH-IF was founded by crucial industry heavyweights such as Qualcomm, Netflix, and Microsoft and has […]

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SSV Network DAO’s New Initiatives to Foster Community Involvement

SSV Network DAO, the decentralised autonomous organisation overseeing the SSV Network protocol, recently announced two unique initiatives to increase community engagement: the SSVDivers Ambassador Programme and the Community Associates Programme. These programmes encourage active engagement and provide concrete rewards for community involvement, thereby improving the ecosystem of decentralised staking. SSVDivers Ambassador Program The SSVDivers Ambassador […]

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Nigeria Reviews Blockchain Policy to Lead African Blockchain Development

Nigeria has launched a complete review of its blockchain technology policy to solidify its African blockchain development leader position. The Steering Committee, led by Chairman Chimesie Chuta, began this critical review on July 17, 2024, marking a vital step in the country’s transition to a blockchain-driven future. Chuta announced revising Nigeria’s blockchain technology policy on […]

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Cambodian Firm Linked to North Korean Crypto Scams: $305M DMM Hack

According to new revelations, more than $35 million from the $305 million theft of the Japanese cryptocurrency exchange DMM Bitcoin was tracked back to Huione Guarantee, a Cambodian corporation. The breach, alleged to be carried out by North Korea’s Lazarus Group, has shed light on hackers’ elaborate and methodical laundering procedures. The DMM Bitcoin breach […]

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Postponement of Crypto Taxation in South Korea

The South Korean government has once again postponed the implementation of cryptocurrency taxation, pushing the commencement date to January 2028. This decision underscores persistent concerns about market stability and investor dissatisfaction as authorities develop a tax structure that balances legal requirements and the vitality of the cryptocurrency sector. The postponement is a response to market […]

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BitMEX’s AML Violations: Executives Under Legal Scrutiny

BitMEX, a well-known cryptocurrency exchange, has acknowledged violating US Anti-Money Laundering (AML) and Know-Your-Customer (KYC) requirements in Manhattan Federal Court. This disclosure is a significant milestone in the continuing legal disputes between the exchange and its officials. The case emphasises the vital need for cryptocurrency companies operating in the US to comply with banking regulations. […]

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Bank of Italy Sets New MiCA-Based Crypto Guidelines

The Bank of Italy has announced the upcoming publishing of complete guidelines for regulating cryptocurrencies under the European Union’s Markets in Crypto-Assets Regulation (MiCA) law. This project intends to promote innovation while ensuring the stability of Italy’s financial systems and consumer safety. Background The European Union’s Markets in Crypto-Assets Regulation (MiCA) bill is a groundbreaking […]

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Taiwan’s Central Bank Embarks on CBDC Trials

Taiwan’s Central Bank is developing digital currency activities, particularly in creating a Central Bank Digital Currency (CBDC). President Yang Chin-long has emphasised a systematic approach to ensuring long-term progress rather than a quick start. This strategic step involves investigating the use of special-purpose tokens in government bids to improve openness and efficiency. A prototype platform […]

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The Growth of Solana’s Liquid Staking Ecosystem

As Solana rises to fifth place among global cryptocurrencies, its liquid staking environment is expanding rapidly, reflecting its growing usage. The liquid staking ratio increased by 1.76% this quarter, with the quantity of Liquid Staking Tokens (LSTs) doubling, indicating market diversification. This transition is shown by the decline in dominance of the top three liquid […]

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Turkey’s Advancements in Cryptocurrency Tax Legislation

Turkey’s Treasury and Finance Minister Mehmet Şimşek plans to implement a cryptocurrency tax, signalling a significant shift in the country’s financial landscape. This legislative action comes amid a boom in capital inflows, partly due to Moody’s enhanced outlook following Turkey’s removal from the Financial Action Task Force (FATF) grey list. The new tax plan seeks […]

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Binance Blocks Accounts in Megadrop Airdrop Scandal

Binance has reported blocking 297 accounts associated with fraudulent activity regarding the Megadrop airdrop in a firm move to maintain system integrity. The action was taken after determining that these accounts utilised KYC verifications to fraudulently claim airdrop rewards, particularly a single account that manipulated 9,000 KYC verifications to accumulate 630,000 USDT. Background on Airdrops […]

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Strategic Disposition: Germany’s Government Divests 400 BTC to Top Exchanges

The German government donated 400 Bitcoins worth around $24.3 million to Coinbase and Kraken, two leading cryptocurrency exchanges. This transaction follows last week’s transfer of 1,700 bitcoins across numerous platforms, indicating a significant surge in governmental engagement in the cryptocurrency area. As considerable sums of digital money change hands, the impact on Bitcoin’s market price […]

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