Industry Talk

March 26, 2024

US Treasury Expands Sanctions on Russian Financial Institutions


Expanding its penalties, the US Treasury’s Office of Foreign Assets Control (OFAC) is now targeting individuals and organisations operating in Russia’s banking and technology industries. Thirteen organisations and two people are implicated in this action, all associated with virtual assets that can evade US sanctions. Interestingly, five of these organisations have relationships with people previously […]

Industry Talk

March 21, 2024

Top 5 Mistakes When Filing Taxes (in 2024)


According to a survey by Insuranks, 22% of young adults don’t know how to file their taxes. Another survey conducted by SWNSdigital notes that 56% of young adults are intimidated by the tax filing process in general, with 28% noting that they aren’t looking forward to having to file and report their taxes. Tax season […]

Industry Talk

March 20, 2024

Brazil’s Blockchain Evolution: Bug Proofs on OP Sepolia Testnet


Globally, blockchain technology is still advancing rapidly, with Brazil emerging as a prominent participant in this changing field. The creators of Optimism, an Ethereum Layer-2 scaling solution, OP Labs, just made a significant statement. Before its deployment on the OP Mainnet, the team made bug proofs available on the OP Sepolia testnet. This achievement represents […]

Industry Talk

March 19, 2024

Fidelity’s Staking-Enhanced Ethereum ETF: A Game Changer?


Fidelity has submitted a proposal to the US Securities and Exchange Commission (SEC) asking for permission to incorporate staking rewards into its Ethereum exchange-traded fund (ETF) in a daring attempt to completely transform the cryptocurrency investment landscape. By attempting to enter the growing Ethereum staking industry, this novel strategy can provide investors with higher returns […]

Industry Talk

March 18, 2024

Hoskinson Clears Up Cardano FUD


Charles Hoskinson, the creator of Cardano, has stepped forward to address concerns in light of the developing culture of Fear, Uncertainty, and Doubt (FUD) inside the Cardano community. This action is primarily related to the April 2021 announcement of Cardano and World Mobile’s collaboration. Hoskinson’s involvement tries to dispel myths and restate the goals of […]

Industry Talk

March 13, 2024

Crypto Mixer Sentenced for $400M Laundering Scheme


Roman Sterlingov, the creator of Bitcoin Fog, was found guilty in a historic case by a federal court in Washington for his part in helping to launder more than $400 million. The money, mostly from darknet markets, was hidden by the Bitcoin mixing service and, therefore, practically untraceable. This verdict serves as a reminder of […]

Industry Talk

March 12, 2024

Thailand’s SEC Greenlights Crypto ETFs


A judgement by the Thailand Securities and Exchange Commission (SEC) is expected to significantly alter the cryptocurrency market. The SEC has made the audacious decision to allow high-net-worth individuals and institutional investors to trade bitcoin exchange-traded funds (ETFs). This significant regulatory shift represents Thailand’s forward-thinking strategy to incorporate cryptocurrencies into its financial ecosystem. It creates […]

Industry Talk

March 11, 2024

Arbitrum DAO’s Withdrawal from Tornado Cash Legal Defense Funding


Leading participant in the decentralised finance (DeFi) space, Arbitrum DAO, has withdrawn its offer to support Roman Storm and Alexey Pertsev, the developers of Tornado Cash, in their legal defence. The original plan called for setting aside about $1.3 million in ARB tokens from the community wallet to pay for the creators of the cryptocurrency […]

Industry Talk

March 6, 2024

Bitstamp’s Milestone in Singapore: A Leap Towards Expanding Digital Asset Services


The leading cryptocurrency exchange in Europe, Bitstamp, just reached a noteworthy milestone in Singapore. The exchange’s application for a licence to offer digital asset services in the city-state has been approved in principle. Bitstamp is now able to provide its services to clients in Singapore and a few other Southeast Asian nations thanks to the […]

Industry Talk

March 5, 2024

BRICS Forge Ahead with Digital Currency System


Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran, and the United Arab Emirates, also known as the BRICS countries, have unveiled a ground-breaking plan to transform their financial networks. They intend to use blockchain technology and digital currencies to develop a stand-alone payment system in a daring step towards de-dollarisation. This represents a dramatic […]

Industry Talk

February 28, 2024

Kraken’s Strategic Move to Institutional Services


Leading cryptocurrency exchange, Kraken has announced that Kraken Institutional will start on February 27, 2024. This new business aims to gain a substantial presence in the Bitcoin exchange-traded fund (ETF) market by offering institutional clients specialised services. For customers outside of the US, Kraken Institutional will provide a range of services, such as spot and […]

Industry Talk

February 27, 2024

The Mysterious Shutdown of BitForex


Users of the Hong Kong-based Bitcoin exchange BitForex are left feeling uncertain and concerned after the unexpected shutdown of the exchange. Fears of a possible exit fraud were raised by the abrupt shutdown on February 23, which resulted in the exchange going silent on all official communication channels. The Sudden Shutdown of BitForex On February […]

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