News

The latest update to be rolled out by the Apple platform will include a new ‘Tap to Pay’ feature that will allow users to complete online, contactless payments with a simple nudge of their phone to another device. This caused crypto investors to deduce that the new update will be able to support digital crypto […]

Binance has reportedly invested $200 million to create a partnership with Forbes Magazine. Through the investment, Binance will be working to transition the 103-year old media company to ‘web 3.0’ or decentralised internet while Forbes will be fulfilling its plan to close a deal with a publicly traded special purpose acquisition company (SPAC).  A partnership

FTX crypto exchange announced its acquisition of Liquid, its East Asian competitor based in Japan. According to a statement released on Liquid’s website, the transaction is expected to close around March 2022.  Quoine Corporation which is a subsidiary of the exchange will also be acquired by FTX per the press release:  ‘Liquid Group and all

In accordance with the Anti-Money Laundering Act of 2020, the U.S Department of the Treasury published a 40-page report on non-fungible tokens called ‘Study of the facilitation of money laundering and terror finance through the trade in works of art’, emphasizing the risks of the emerging digital art space in terms of financial crimes. ‘The

The Colombian tax agency Dirección de Impuestos y Aduanas Nacionales de Colombia (DIAN) announced through a press release last January 28 that they are working on their cryptocurrency regulations for the country, particularly for its tax recording. In the same statement, they expressed the need for better measures since Bitcoin (BTC) and cryptocurrencies are growing

Last February 4, the United States Securities and Exchange Commission (SEC) announced through their official government website about the initial proceedings regarding the proposal of global digital currency manager Grayscale’s Bitcoin Trust (GBTC) to turn into an exchange-traded fund (ETF). However, the SEC has delayed their decision on whether or not to approve this application

In January 30, 2022, the new secretary of the US Treasury Department Janet Yellen shared in the Federal Register that the previously proposed crypto wallet rule would be considered again in the semiannual agenda of regulations this 2022.  This rule proposed by the US Financial Crimes Enforcement Network (FinCEN) in 2020 would require crypto exchange

Adel Al Sharkas, the current governor of the Central Bank of Jordan (CBJ), has revealed that the institution is preparing the issuance of its own central bank digital currency (CBDC). The said CBDC will be linked with the country’s national currency, the Jordanian dinar and would have legal standing once it is successfully launched.  He

Solana Labs launched Solana Pay—a new payments protocol allowing merchants to accept crypto payments directly from consumers last February 1, 2022. It was developed as a peer-to-peer payments infrastructure in collaboration with Checkout.com, Circle and Citron, as well as wallet integrations from FTX, Phantom and Slope. ‘Solana Pay gives merchants a new, simplified framework to

The crypto mining industry in Kazakhstan, known as the second largest in the world, recently took a plunge in January 12 due to the power cuts caused by the current political turmoil in the country. Violent clashes between the army, protesters and the police shocked Kazakhstan in January 5, causing the government to shut down