Wazirx Update: Trade Reversals Near Completion, 344 Bounty Entries Received
Indian crypto exchange Wazirx says it is close to completing the reversal of trades after the $230 million cyberattack. “We’re working with legal experts to help us formulate an effective method for enabling withdrawals,” the exchange stated. Additionally, Wazirx revealed that its bounty program has attracted 344 bounty hunters to help recover the stolen funds. […]
UAE and UK Accounting Bodies Partner to Shape Digital Finance Future
The Institute of Chartered Accountants in England and Wales (ICAEW) has partnered with the United Arab Emirates (UAE) Banks Federation to help businesses understand and adapt to the digital asset landscape. The partnership aims to support the UAE’s position as a global leader in digital finance. However, challenges such as the lack of standardized accounting […]
Verofax Partners With Climate Tech Firm Netgreen to Power Global Reforestation Efforts
Blockchain firm Verofax has teamed up with climate tech startup Netgreen to enhance global reforestation efforts. The partnership aims to create a transparent and efficient way for individuals to support tree-planting initiatives. This collaboration will also help track and measure carbon capture, preventing double counting and ensuring compliance with environmental standards. Linking People to Verified […]
Ecuador’s Data Protection Agency Lacks Resources to Assess Worldcoin’s Compliance Status
The Superintendence of Data Protection, Ecuador’s data protection agency, stated that it lacks the resources needed to assess the compliance of Worldcoin, the biometric and universal basic income (UBI) project, with the country’s laws. The head of the institution, Fabrizio Peralta-Diaz, lamented this situation, stressing that it needed access to the necessary tools to examine […]
Latam Insights Encore: El Salvador Forges a Path to Overcome IMF’s Bitcoin-Phobia
Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency-based news from last week. In this edition, we discuss the possibilities that El Salvador is opening for other countries to receive help from international institutions like the IMF even when adopting bitcoin as legal tender. Latam Insights Encore: El […]
Tyler Winklevoss Warns Operation Chokepoint 2.0 Remains in Full Swing
Tyler Winklevoss, co-founder of U.S.-based exchange Gemini and VC firm Winklevoss Capital, has alerted about the ongoing status of Operation Chokepoint 2.0, a plan directed to difficult banking access to crypto companies. Winklevoss’ remarks come after the Federal Reserve found Customers Bank, a crypto-friendly bank, had “deficiencies” in compliance with anti-money laundering requirements. Tyler Winklevoss […]
20 Crypto Startups Raise $141.3 Million in Less Than 2 Weeks
In the first 12 days of Aug., $141.3 million has flowed into crypto, defi, and blockchain ventures, according to recent metrics. Morpho, a decentralized lending developer, accounted for roughly 35.38% of the total funds raised across 20 different projects. $141.3 Million Floods Into 20 Crypto Startups and Projects Even with the crypto markets experiencing a […]
Malaysian Police Hunt 4 Suspects in Kidnapping Case Involving $1.2M Crypto Ransom
Selangor police in Malaysia are pursuing four local suspects connected to the July 11 kidnapping of a Chinese national and a Malaysian woman near the Lebuharaya Maju Toll Plaza in Cyberjaya. Selangor Police Chief Datuk Hussein Omar Khan disclosed that three men and a woman remain at large, while 14 others involved have been apprehended […]
Thai SEC Launches Digital Asset Regulatory Sandbox
The Thai Securities and Exchange Commission (SEC) has launched a Digital Asset Regulatory Sandbox, allowing crypto services to be tested in a controlled environment. This initiative aims to promote innovation in Thailand’s capital market by accommodating six specific digital asset-related services, including exchanges and custodial wallet providers. Thai SEC Launches Digital Asset Regulatory Sandbox The […]
SunPump Beta Launches on TRON, Driving Innovation in Meme Coin Development
PRESS RELEASE. Singapore, August 13, 2024 – SUN.io, a leading DeFi platform on TRON, is thrilled to announce the launch of SunPump Beta, the first dedicated platform for the fair launch and trading of meme coins. SunPump offers creators an accessible, low-cost way to launch their own meme coins in a secure and user-friendly environment. […]
