The Securities and Exchange Board of India (SEBI) has taken action against social media influencers who provide financial advice without the necessary knowledge or experience. In a significant move, SEBI recently banned a finfluencer named Mohammad Nasiruddin Ansari, also known as ‘Baap of Chart,’ along with two others from the securities market. Ansari allegedly attracted […]
Decentralized cryptocurrency exchange dYdX has launched its own layer 1 blockchain, called dYdX Chain, with the creation of its genesis block. The blockchain operates using native DYDX tokens and is built on Cosmos’ software development kit. It utilizes the CometBFT consensus protocol and follows a proof-of-stake (PoS) model. Validators stake DYDX tokens to secure the […]
Zodia Markets, a digital asset exchange backed by Standard Chartered, has obtained registration as a Virtual Asset Service Provider (VASP) in Ireland. This approval was granted by the Central Bank of Ireland (CBI), following similar registrations in Abu Dhabi and the UK. With this regulatory approval, Zodia Markets can now expand its services in Europe, […]
Elon Musk’s venture, X, formerly known as Twitter, has set its sights on becoming a central financial hub. Musk envisions X as a comprehensive platform that covers all aspects of users’ financial lives, from money and securities to eliminating the need for traditional bank accounts. During an all-hands meeting, Musk outlined his vision and roadmap […]
Zodia Markets, a digital asset exchange backed by Standard Chartered, has obtained registration as a Virtual Asset Service Provider (VASP) in Ireland. This approval was granted by the Central Bank of Ireland (CBI), following similar registrations in Abu Dhabi and the UK. With this regulatory approval, Zodia Markets can now expand its services in Europe, […]
Trezor, a provider of cryptocurrency hardware wallets, is currently investigating a phishing campaign after users reported receiving phishing emails. The campaign was brought to light by an anonymous blockchain investigator named ZachXBT, who alerted users to the attack on his Telegram channel. The attack targeted Trezor customers and allegedly involved a breach of the company’s […]
Amidst the ongoing legal battle between the United States Securities and Exchange Commission (SEC) and Ripple, a pro-XRP legal expert, James K. Filan, has revealed an important date that will determine the next phase of the case. According to Filan, the next phase will be determined on November 9, 2023. In a letter sent to […]
Taiwanese legislators have introduced the Virtual Asset Management Bill to the Legislative Yuan, aiming to provide better protection and supervision for customers in the virtual asset industry. The bill proposes obligations for virtual asset service providers (VASPs), such as separating customer funds, establishing internal controls, and joining trade associations. However, it does not currently require […]
Deutsche Bank and Standard Chartered recently conducted a significant exchange of dollars for euros using stablecoins and blockchain technology. This departure from the trend of decentralization highlights a move towards a more centralized approach. While decentralized exchanges like Uniswap have made currency swaps user-friendly and accessible, banks engaging in swaps operate within their own infrastructure, […]
The global push for central bank digital currencies (CBDCs) is facing a significant challenge: the need for collaboration with the private sector to ensure widespread acceptance. CBDCs have emerged as a potential alternative to fiat and other digital currencies, aiming to increase financial inclusion and enhance efficiency in the global monetary system. However, their success […]
