The Latin American region faces high costs and challenges of traditional settlements, as people sending money to their close ones have to deal with high rates of transfer, and a portion of the population still remains unbanked. However, in a recent development, the Bahamas payment company, Island Pay, is now incorporating cryptocurrency for remittance transactions to make it a smoother […]

Cardano has leaped considerably in the realm of DeFi activities, particularly in terms of Total Value Locked (TVL), despite the somewhat lackluster performance of ADA itself.  TVL refers to the total value of assets locked within various decentralized finance protocols and applications on the Cardano blockchain. An increasing TVL can have several positive implications for the Cardano ecosystem. The significance […]

The newly launched controversial crypto project Worldcoin could face enquiries from data regulators in the United Kingdom as the crypto project has raised serious concerns over privacy and critical biometric data safety, according to a Reuters report. The Information Commissioner’s Office (ICO), UK’s data regulatory body, acknowledged the launch of the crypto project in the UK and said it would […]

The United States is facing significant regulatory decisions regarding cryptocurrencies, with four key bills proposed in Congress. These bills aim to establish clear guidelines for categorizing digital assets as commodities or securities, enhance consumer protection, regulate stablecoins and spot exchanges, and create a pathway for re-designating cryptocurrencies as commodities. The United States stands on the precipice of a new era […]

Japanese Prime Minister Fumio Kishida reaffirmed the country’s commitment to fostering the Web3 industry, highlighting its potential to transform the internet and kindle social change.  Kishida made the comments in a keynote address on day one of the WebX conference in Tokyo, Japan, as initially reported by local media outlet CoinPost. On the same day, Binance CEO Changpeng Zhao announced […]

Dogecoin is gaining bullish momentum above the $0.075 resistance against the US Dollar. DOGE could extend its rally toward the $0.085 resistance zone. DOGE is currently trading in a bullish zone above $0.072 resistance against the US dollar. The price is trading well above the $0.075 zone and the 100 simple moving average (4 hours). There is a major bullish […]

Crypto exchange Binance and its CEO Changpeng “CZ” Zhao are planning to file a motion to dismiss a March-filed lawsuit from the United States commodities regulator. In a July 24 filing to an Illinois District Court, multiple Binance entities, Zhao and former chief compliance officer Samuel Lim said they plan to file two separate motions to dismiss the complaint before […]

A platform aimed at “deanonymizing the blockchain” has accepted its first submission concerning information on wallet addresses connected to Terraform Labs and its co-founder, Do Kwon. In a July 24 announcement, Arkham Intel Exchange said it had accepted a submission from two “on-chain sleuths,” resulting in a bounty payment of 9,519.2625 Arkham (ARKM) — roughly $5,000 at the time of publication. […]

Cardano is on the verge of a major breakthrough with the upcoming launch of Mithril, an innovative solution designed to revolutionize the network’s efficiency and security. This revelation was recently shared by Input Output Global (IOG), the developer arm of Cardano, highlighting the exciting prospects of the upgrade. Last week, the Mithril team completed the deployment of the mainnet infrastructure […]