Oman is one of the Muslim-majority countries that is increasingly embracing digital currencies. Bitcoin Spark is a blockchain technology that is Sharia-compliant and follows the principles of Islamic law. It is based on risk and reward sharing, and encourages investments in socially responsible and morally acceptable ventures. It also prohibits transactions involving excessive uncertainty, ambiguity, […]
Sonik Coin, a new meme coin, is set to be listed on Uniswap next week and is projected to spark a new craze in the crypto space. The presale of Sonik Coin is nearing its final three days and has already secured over $1 million, nearing its $2 million target. The coin is valued at […]
SEBA Bank, a Switzerland-based financial institution that focuses on cryptocurrencies, has reportedly secured an approval-in-principle from Hong Kong’s securities regulator. The company now needs to comply with additional conditions for final approval before being eligible to provide digital asset services to local consumers.According to Bloomberg, the Hong Kong Securities and Futures Commission intends to grant […]
Mitsubishi UFJ Financial Group (MUFG), Japan’s largest bank, has announced a strategic partnership with Ginco, a blockchain startup, to introduce an enterprise wallet solution and facilitate MUFG’s crypto asset trust services. This marks MUFG’s return to the cryptocurrency arena after facing regulatory challenges. MUFG’s Progmat platform has played a pivotal role in establishing MUFG’s presence […]
The Reserve Bank of India (RBI) has announced that its central bank digital currency (CBDC), the digital rupee, will have enhanced usability thanks to Yes Bank’s integration of the Unified Payments Interface (UPI) with the RBI digital rupee app. This marks the first integration of the UPI with the CBDC, and Yes Bank account holders […]
The People’s Court of China has issued a report that clarifies the legal status of virtual currencies in the nation. It states that virtual currency is not classified as an illegal item and is protected by law as legal property. The report suggests a unified strategy that draws upon both criminal and civil law to […]
LBank, one of the top crypto exchanges established in 2015, recently held an Initial Exchange Offering (IEO) for PINS, a content-driven social networking and GameFi platform. The IEO was a success, with 34,587 participants investing a combined 51,556,343 USDT. The IEO had a hard cap of $1000 in USDT for those who reached the maximum […]
OKX, a global cryptocurrency exchange, is planning to enter the Indian market and recruit local employees in order to expand its Web3 applications. According to OKX’s CMO, Haider Rafique, there are currently 200,000 OKX user wallets in India, which is only 5% of India’s Web3 users. The company is looking to build relationships with the […]
Ripple whales have recently moved 483 million XRP tokens, causing the token’s price to drop over 8% since Aug. 30. Despite this, XRP is still inside a bullish technical setup, called the ‘Falling Wedge’, which could see the token’s price rise nearly 381% to a theoretical price target of $2.5.Whale Alert noted two transactions, one […]
The Pi Network, a mobile-based crypto mining platform, has invited developers to join its ecosystem and build new applications. The team stated that developers would have access to the network’s extensive user base of 47 million and would be able to onboard easily without needing blockchain and crypto-specific programming language or experience. The project also […]
