The UK’s Economic Crime and Corporate Transparency Bill is making significant progress towards becoming law after receiving approval from the House of Lords. This crucial legislation aims to empower British authorities to seize and freeze cryptocurrencies used in criminal activities. Additionally, the bill introduces an essential amendment allowing courts to take swift action against crypto assets involved in illegal operations.
Bitget, a leading cryptocurrency exchange, has recently announced the launch of a new product called “Crypto Loans”. This innovative offering is targeted at users who are not satisfied with traditional lending institutions and aims to provide them with a flexible and accessible borrowing solution within the cryptocurrency space. With “Crypto Loans”, Bitget aims to empower users to expand their crypto
South Africa’s growing cryptocurrency market has prompted the country’s financial regulator to update its licensing rules for crypto exchanges. With an estimated 6 million people in South Africa currently owning cryptocurrencies, the need for regulatory oversight has become apparent. The updated rules aim to bring clarity, certainty, and stability to the industry while promoting investor confidence and safeguarding customer protection.
Blockchain technology has garnered significant attention in recent years as the driving force behind cryptocurrencies like Bitcoin. It is a revolutionary concept that holds immense potential to transform various industries and reshape economies. In this article, we will explore the key features of blockchain technology, its ability to enhance transparency, and its impact on diverse sectors. Blockchain technology, in simple
Binance Academy, the educational arm of the leading cryptocurrency exchange Binance, has recently partnered with Coursera, a renowned online learning platform. This collaboration aims to foster the widespread acceptance and implementation of blockchain technology worldwide. By leveraging Coursera’s extensive reach and user base of over 124 million learners globally, Binance Academy intends to go beyond raising awareness about blockchain and
In one of the largest and most audacious attacks in the decentralized finance (DeFi) space, hackers targeted Poly Network, a popular cross-chain protocol. The attackers managed to manipulate nearly 57 assets across 10 different blockchains and immediately generated approximately $42 billion in tokens. This attack highlights the vulnerability of cross-chain bridges in the DeFi space and raises concerns about the
As the world increasingly embraces the potential of Web3 technologies and cryptocurrencies, Hong Kong has positioned itself as a global hub for fostering their development and enabling retail investment. Over the past year, the city has undertaken a series of strategic moves to facilitate the growth of the Web3 space, attracting industry experts and creating a supportive regulatory environment. Announcement
The United Kingdom’s (UK) approach to crypto regulations has gained praise from Ripple senior executives Andrew Whitworth and Susan Friedman. They argue that the country is forging ahead of the United States (US) in terms of creating a favorable regulatory environment for the crypto industry. With the recent approval of the Financial Services and Markets Bill, the UK has reached
The remarkable surge in Bitcoin prices has caught the attention of investors worldwide. However, amidst the excitement, a notable trend has emerged among Bitcoin miners – the selling of their tokens during this peak period. In this article, we will delve into the selling behaviour of Bitcoin miners, explore their motivations, and assess the potential implications for the market. Bitcoin
The world of decentralized finance (DeFi) continues to evolve and expand, with various blockchain networks offering innovative solutions for investors and users. Solana, a high-performance blockchain platform, has seen a significant surge in liquid staking protocols, experiencing a staggering 91% increase in total value locked (TVL) since the beginning of 2023. Statistics on Solana’s liquid staking protocols Several protocols have
In today’s digital world, embedded finance has emerged as a groundbreaking concept, transforming the way people access and interact with financial services. In simple terms, embedded finance refers to when traditional financial services – such as banking, insurance, credit, and more – seamlessly integrate into the end-user journey, becoming less visible to the customer. This integration not only enhances the
The UK government is taking significant strides in regulating the rapidly growing trillion-dollar crypto market. With the granting of Royal Assent to the Financial Services and Markets Act 2023, the government aims to reform its financial laws to accommodate the safe adoption of crypto assets. This move not only repeals old European Union laws but also unlocks billions of pounds
