After several months of campaigns and heated political exchanges, South Korea finally had a new president. Yoon Suk-yeol won a hotly contested election and will take over leadership of the country in May. He is a big digital currency and NFT fan and has previously promised to deregulate the South Korean digital currency market once he takes over. Yoon edged out the Democratic […]

Major global cryptocurrency exchange FTX is receiving a virtual asset exchange (VAX) license in Dubai, and is expanding its operations in the United Arab Emirates. The VAX license is granted under a new cryptocurrency law and was issued by Sheikh Al Maktoum, creating a legal framework for crypto in the Emirate of Dubai, aimed at protecting investors and “designing much-warranted […]

Former Federal Reserve Board governor Sarah Bloom Raskin has withdrawn her name for consideration as the central bank’s vice chair for supervision in an attempt to allow other nominations to move forward. According to a Tuesday tweet from Washington Post journalist Seung Min Kim, Raskin sent a letter to U.S. President Joe Biden withdrawing as his nominee for the next […]

Tokyo orders 31 crypto exchanges to bar Russian transactions. The lone Asian G7 nation will impose a JPY1 Million fine or 3-year imprisonment for defaulters.  Hiroshima-elected PM, Kishida, says he’ll never tolerate the use of nuclear weapons. Following the Group of Seven (G7) anti-Russia sanction announcement last Friday, Japan is going into full compliance mode by directing all 31 operational […]

Melos Studio, a music NFT creation platform, plans to launch a web3 content discovery mechanism this year. The Platform aims to design this discovery mechanism based on the web3 content recommendation algorithm and apply it to the entire platform’s music NFT. The web3 content discovery mechanism can help add value to the community by assisting creators in creating high-quality music […]

Timechain, a Canadian registered Money Services Business (MSB) that specializes in digital asset management and DeFi (Decentralized Finance) services, is pleased to announce it will join the Fireblocks network to increase its institutional-grade exposure.  The secure financial ecosystem provides more robust trading and financial tools than other Canadian cryptocurrency service providers. Moreover, its TimeChainSwap distributed exchange aggregator combines liquidity across […]

Following its immense marketing efforts, Crypto.com finally begins the initial rollout of its services to users in the United States.  In an announcement, Crypto.com mentioned that its exchange platform is already available to users who are waitlisted and will be available to more users soon.  Currently, the trading platform can only be used by selected institutional investors. However, in the […]

Cryptocurrency exchange giant FTX furthers expansion push with its latest license issued by market supervisors in the United Arab Emirates. FTX has obtained regulatory approval from Emirati authorities. The exchange is set to operate in the UAE under a virtual asset exchange (VAX) license. CEO Sam Bankman-Fried confirmed the news on Tuesday and said that the firm’s recently launched European […]

The United Kingdom’s Financial Conduct Authority (FCA) is seeking senior executives with cryptocurrency-related expertise as the regulator is preparing to launch a new crypto department to regulate the industry. According to FCA’s job postings on LinkedIn, the authority is now hunting for a head of the digital assets department and a director of the payments and digital assets department. Both […]