After Telegram CEO and founder Pavel Durov was arrested by French authorities over the weekend, more details have emerged that shed light on the reason for his apprehension. On July 8, a judicial investigation was opened against “a person unnamed” on charges related to complicity with various offenses committed using Durov’s messaging app, including money laundering and dissemination of child poronography. Per a press release from the court of Paris shared by Disclose.TV, the...
Read More »Indian Government Will Engage With Industry Stakeholders to Draft a Consultation Paper for Future Legislation
The Secretary of the Department of Economic Affairs will draft a consultation paper by collaborating with Indian crypto stakeholders. Crypto regulations are much awaited by industry participants in India owing to its high adoption rate. The Indian government is engaging with crypto stakeholders to draft a consultation paper. That will help it develop its long-awaited regulations for the asset class. This approach of consulting stakeholders from the industry will allow the government to...
Read More »DOGS Take Center Stage on WEEX WE-Launch: Users can Trade Fee-Free and Participate in an 1,000,000 Tokens Airdrop
[PRESS RELEASE – Singapore, Singapore, August 26th, 2024] WEEX Exchange, a leading name in global cryptocurrency trading, is pleased to announce the highly anticipated listing of DOGS USDT Perpetual on August 26, 2024, at 21:00 (UTC+8). This event is part of a special WEEX WE-Launch initiative, offering traders an exceptional opportunity to engage with the DOGS token, complete with zero trading fees and a generous 1,000,000 DOGS token airdrop. Introducing the DOGS Token: A...
Read More »Telegram’s Future in Jeopardy: Can It Survive CEO Pavel Durov’s Arrest in France?
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Read More »UXLINK Celebrates Major Milestone: 25 Million Registered Users and 10 Million Holders on Arbitrum
UXLINK is thrilled to announce a significant milestone in its journey, with over 25 million registered users and 10 million holders on the Arbitrum network. This remarkable achievement is a testament to the strength and engagement of our global community. The rapid growth of UXLINK can be attributed to the transformative nature of Web3 social compared to traditional Web2 social platforms. In the Web3 landscape, users’ social graphs are secured on the blockchain, ensuring data ownership...
Read More »Stablecoins Hit Record Market Cap of Nearly $170 Billion After Year of Growth
Stablecoins have reached an all-time high market cap of $169.57 billion following nearly a year of uninterrupted growth. Leading assets such as Tether’s USDT and Circle’s USDC have seen a significant resurgence this year, in addition to a newcomer. Stablecoin Market Cap Surge Data compiled by DefiLlama revealed that this is the highest market cap for stablecoins, surpassing the previous peak of $167 billion established in March 2022, which later declined to $135 billion by...
Read More »Ethereum Price Analysis: ETH Bulls Eye $2.8K but Worrying Signs Appear
Ethereum’s price has been consolidating after a significant crash a few weeks ago, making market participants hopeful that the price is creating a bottom. Technical Analysis By: Edris Derakhshi The Daily Chart On the daily chart, the price has gradually made higher highs and lows since rebounding from the $2,100 support level. Yet, the market is yet to break past the $2,700 resistance, while a rejection could lead to another drop to $2,100. On the other hand, if the market...
Read More »Shiba Inu’s DAO Takes Shape: Leash Token Holders to Play Key Role
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Read More »India’s RBI Chief Warns Against Rushing Full-Scale Rollout of Retail CBDC Pilot
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Read More »FTX Reorganization Plans Challenged by US Trustee and Creditors
Andrew Vara, a US trustee, has pointed out flaws in the FTX reorganization plan. A group of creditors also asked for the FTX estate to change the mode of repayment to cryptocurrency. A US trustee has challenged the current FTX reorganization plan. Alongside the trustee, Andrew Vara, a group of creditors have also asked for better reorganization to meet its needs. While about 95% of FTX creditors voted for the path the FTX estate has taken, these objections may warrant it to look into its...
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