Author: Rajat Patel

California named as the “most crypto-ready” state in the US

California named as the “most crypto-ready” state in the US

According to new industry research from the review site Crypto Head. California has emerged as the most crypto-ready jurisdiction in the United States. Thanks to the proliferation of cryptocurrency ATMs and growing interest in digital assets among the state’s population. California won the crypto-ready index with a score of 5.72 out of ten, beating out […]

Insiders say the majority of Korean crypto exchanges will close this month

Insiders say the majority of Korean crypto exchanges will close this month

The deadline for South Korean crypto exchanges to meet new compliance requirements is fast approaching. All operators expected to submit requests for official licenses to the Financial Services Commission (FSC) by September 24. For much of the past year, industry actors. And representatives for smaller exchanges have fought the new requirements but without success. According […]

Russian central bank
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Russian Central Bank has told domestic banks to block crypto exchange transactions

The Russian central bank has told domestic commercial banks to block the crypto exchange-related card and e-pay transactions for their customers. The Bank of Russia stated in an official statement that internet-based “shadow economy”-related businesses must be eliminated. It urged domestic banks and e-payment providers to identify all accounts. And e-wallets associated with “illegal business […]

advertising

As per reports, NFL banned teams from advertising crypto and selling NFTS

The NFL has reportedly banned all teams and members from participating in crypto-related sponsorships. And advertisements, as well as nonfungible token (NFT) sales. According to The Athletic, the NFL has prohibited cryptocurrency trading firms and NFTs from selling sponsorships until the league develops a strategy “for sports digital trading cards and art.” An anonymous NFL […]

cryptocurrency industry

Senator Elizabeth Warren refers to cryptocurrency industry as a “new shadow bank”

Senator Elizabeth Warren of Massachusetts, one of the most outspoken cryptocurrency critics in Congress, has dubbed the cryptocurrency industry the “new shadow bank.” Warren told the New York Times on Sunday that the cryptocurrency industry provides “many of the same services” as shadow banks. But that it still lacks “consumer protections or financial stability that […]

Visa

NFTs are described as a “promising medium for fan engagement” in a Visa whitepaper

According to a recent whitepaper published by Visa. The company’s entry into the NFT market motivated by a review of the underlying technology. And it’s potential as a “promising medium for fan engagement.” Nonfungible tokens cited in the Aug. 23 publication as a key innovation during the pandemic, when strict shelter-in-place orders restricted live sports, […]

xtoken-askrypto_banner

xToken, a beleaguered DeFi project, hacked for the second time since May

Hackers discovered a vulnerability in the smart contracts for xToken’s xSNX product over the weekend. Exposing the decentralized finance project to yet another attack. The xToken team announced on Aug. 29 that the attack had drained roughly $4.5 million from the company’s xSNX product. This allows users to gain exposure to Synthetix-based assets without having […]

binance, blockchain technology

Binance Australia has appointed a former DigitalX executive as its new CEO

Leigh Travers, the former CEO of the local blockchain technology. And payments firm DigitalX named the new CEO of Binance Australia. Travers has been with DigitalX for seven years and previously served on the board of Blockchain Australia. Australia’s leading blockchain technology trade association. After completing a reverse takeover of Macro Energy Ltd, an Australian […]

Coinbase

Coinbase users are enraged with customer support after funds vanish from their accounts

Following reports of user accounts being hacked and funds being drained, Coinbase has been chastised for poor customer service. Thousands of customers across the country have filed complaints against the company, according to a CNBC investigation on Aug. 24. According to the outlet, it spoke with a number of Coinbase customers. Who claimed that hackers […]

blockchain powered, Bazaar

Pakistani blockchain marketplace raised a new record total of $30mn

Bazaar Technologies, a Pakistani blockchain-powered business-to-business (B2B) marketplace, has raised $30 million in Pakistan’s largest Series A round to date. On August 24, Bazaar announced the completion of its most recent funding round, revealing that the round was led by Defy Partners of Silicon Valley and Wavemaker Partners of Singapore. Moreover, Hundreds of other investors […]