May 18, 2023 By Anjali Kochhar The European Union has successfully secured final approval for its wide-ranging set of strengthened regulations governing cryptocurrencies, positioning the 27-nation bloc at the forefront of global efforts to regulate this dynamic sector. The European Council, in the concluding stage of the legislative process, adopted the regulations known as Markets […]

May 17, 2023 By Sharan Kaur Phillora According to reports, Bitfinex is banking with Hong Kong-based Bank of Communications and using Citigroup as an intermediary for USD wire transfers. Here’s what we know:  Less than two weeks after establishing HSBC as its primary bank to handle deposits and withdrawals, Bitfinex has moved to Bank of

May 17, 2023 By Sharan Kaur Phillora Binance will withdraw from the Canadian market, the cryptocurrency exchange announced on Twitter on May 12. It called its withdrawal “proactive” as new guidance issued by Canadian regulators continues to take a toll on the country’s crypto industry. Here’s what we know:  In February, the Canadian Securities Administrators (CSA)

May 17, 2023 By Anjali Kochhar According to a study conducted by the U.K. blockchain analysis provider Elliptic, hacker groups associated with North Korea have successfully stolen cryptocurrency assets worth $721 million from Japan since 2017. This information was reported by Nikkei on Monday. The stolen amount represents approximately 30% of the total global losses incurred

May 16, 2023 By Anjali Kochhar Several studies have come up that show that institutions these days are preferring artificial intelligence over blockchain or distributed ledger technologies.   According to an analysis conducted by global financial institution JPMorgan, artificial intelligence is favoured four times more than blockchain or distributed ledger technologies. The survey noted 53%

May 16, 2023 By Sharan Kaur Phillora Almost three months after green-flagging the setting up of the National Blockchain Technology Innovation Center in Beijing, the center plans to train almost half a million specialists in blockchain and web3 development.  Here’s what we know:  On May 10, the National Blockchain Technology Innovation Center launched in Beijing is

May 15, 2023 By Sharan Kaur Phillora Tibetan Lama and Dzogchen master Shyalpa Tenzin Rinpoche, strongly believes that Bitcoin symbolizes peace, elaboration, and freedom. He is known for attending various crypto conferences globally. Here’s what we know: The gala is a benefit in support of the Universal Peace Sanctuary. The theme is “Make Peace More

May 15, 2023 By Sharan Kaur Phillora Hong Kong’s de facto central bank has clarified that crypto companies enticed by the city’s attempt to establish themselves as a hotspot for digital-asset business will not operate under very lax regulations. Here’s what we know: “Our regulations will be tight,” Eddie Yue Wai-man, Chief Executive of the

May 15, 2023 By Anjali Kochhar Financial technology company Digital Asset will start a privacy-enabled interoperable blockchain network designed to provide a decentralized infrastructure for institutional clients, the company has said. Participants of the network, which is called the Canton Network, include BNP Paribas (BNP), Deloitte, Cboe Global Markets (CBOE), Goldman Sachs (GS), Broadridge (BR),

May 12, 2023 By Anjali Kochhar The market for non-fungible tokens (NFTs) has exploded in popularity, with a record number of new NFT collections launched in 2022 and sales volume reaching $50 billion. However, as a digital marketer, the NFT industry has become a breeding ground for fraudsters and counterfeiters, with over half of the