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Australia to Licence Crypto Firms Under Corporations Act: Enhanced Regulation Ahead

The Australian Securities and Investments Commission (ASIC) has declared that it would mandate that all cryptocurrency companies in Australia obtain a licence under the Corporations Act, marking a significant change in the regulatory landscape. This broad proposal intends to cover a more excellent range of cryptocurrency-related activities and goes beyond the conventional jurisdiction of bitcoin […]

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Navigating Tensions: Reevaluating the SEC’s Crypto Custody Rule, SAB 121

Over forty Republican legislators rekindled the discussion over SAB 121, the US Securities and Exchange Commission’s (SEC) crypto custody regulation, on a crucial Monday, September 23. Amid a more extensive discussion on cryptocurrency regulation in the US, this group, led by Senator Cynthia Lummis and House Financial Services Committee Chair Patrick McHenry, is contesting a […]

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Coinbase’s Layer 2 Solution, Base, Sets New Record with 4.5 Million Transactions

Processing more than 4.5 million transactions daily is a significant development milestone for Coinbase’s Layer 2 network, Base. This unprecedented accomplishment highlights how widely the platform is being used and how well it can handle many transactions. The launch of cbBTC, a wrapped Bitcoin token which has given Bitcoin holders new ways to interact with […]

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XRP’s Exclusive Circle: Analysing the Significance of Five Million Wallets

The fact that there are only five million XRP wallets in a digital world with over eight billion people sparks a meaningful conversation concerning the special status of XRP holders. The Crypto Philosopher, a well-known voice in the cryptocurrency space, claims that these numbers demonstrate how uncommon owning XRP is and portends a significant competitive […]

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Circle and Sony Launch Bridged USDC on Ethereum Layer 2 ‘Soneium

Stablecoin pioneer Circle has teamed with global technology and entertainment powerhouse Sony to deliver cutting-edge blockchain technologies in a ground-breaking move. The main goal of this strategic partnership is to include Circle’s US Dollar Coin (USDC) into Sony’s recently launched Soneium Ethereum Layer 2 blockchain project. The collaboration is a significant step towards improving the […]

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Ripple’s Continued Partnership with NYU Abu Dhabi for Blockchain Excellence

With the official renewal of their collaboration, Ripple and NYU Abu Dhabi have demonstrated their ongoing support for blockchain-related research and teaching efforts. Through this partnership, blockchain technology will be more widely adopted in the UAE, and innovative practices will be encouraged, leading to the acceptance of digital assets. Ripple is advancing academic research and […]

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Sony’s Soneium: Assessing the Ripple Effects After Testnet Success

Sony, a well-known pioneer in the technology sector, has launched Soneium, an Ethereum Layer 2 (L2) solution, further advancing technology. With this significant foray into the blockchain arena, Sony is demonstrating its dedication to using its vast experience in technology and entertainment to lead Web3 advancements. Soneium is envisioned as a platform that seamlessly combines […]

Industry Talk

Nigeria’s SEC Targets Unregulated Crypto Exchanges in Market Crackdown

Nigerian cryptocurrency law enforcement is about to move into a new phase. The Securities and Exchange Commission (SEC) declared its willingness to take action against unlicensed cryptocurrency exchanges. This action aims to safeguard investors without compromising the integrity of the country’s quickly growing digital asset market. Now, two exchanges with temporary licenses exist Busha Digital […]

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Chainlink and Suho.io Forge Alliance to Boost Blockchain in Asian Finance

A collaboration between Suho.io and Chainlink was announced on September 2nd, 2024. This partnership is an essential step towards developing and advancing the use of tokenised assets and applications for central bank digital currencies (CBDCs) in several significant Asian economies, including Korea, Japan, and Thailand. Through this partnership, both organisations want to further the broader […]

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BRICS Pay: Pioneering a Blockchain-Based Payment System to Curtail Dollar Dominance

By lowering the alliance’s dependency on the US currency for cross-border transactions, BRICS Pay has the potential to revolutionise global banking. This blockchain-based payment system aims to facilitate cross-border payments between member nations and support economic independence. It was created collaboratively by Brazil, Russia, India, China, and South Africa. BRICS Pay is an important strategic […]

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Metaplanet and SBI Group Enhance Bitcoin Trading in Japan

Known as Japan’s MicroStrategy, Metaplanet Inc. has established a strategic alliance with SBI VC Trade, a division of the massive SBI Group. With this partnership, Bitcoin management, trading, and custody will improve significantly, putting Metaplanet at the forefront of integrating digital assets into conventional financial systems. Through using SBI’s vast experience in economic and regulatory […]

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Crypto in India: RBI’s Plug-and-Play CBDC Framework

To transform cross-border transactions, the Reserve Bank of India (RBI) has proposed a novel “plug-and-play” Central Bank Digital Currency (CBDC) structure. This method offers a flexible yet unified approach to digital currencies, promoting increased efficiency and interoperability amongst nations’ payment systems. Governor Shaktikanta Das emphasised how crucial this project is to addressing the challenges of […]

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