Crypto news

The lower chamber of Russia’s parliament – State Duma – has reportedly started working on a draft bill that could aid the creation of a “national crypto exchange.”  The platform needs the approval of the country’s central bank and the Ministry of Finance. The Bank of Russia has previously shown its negative stance on the digital asset industry. Russia’s Potential Crypto Move According to a recent local report, the State Duma plans to make certain amendments to the existing...

In a new press release, the Securities Commission of The Bahamas explained that only placing FTX Digital Markets into liquidation was not sufficient, citing the risks associated with hacking and breach. SCB Executive Director also lashed out at new FTX CEO John Jay Ray III for “misrepresenting” the agency’s action through the “intemperate” and “inaccurate” allegations. Bahamas Regulator’s Statement Its Executive Director, Christina Rolle, revealed that the Commission sought...

The Solana Foundation has released a fact sheet detailing the exposure it holds to FTX following its bankruptcy The organization held over $180 million worth of crypto asset exposure to the company as of November 6th, just before the exchange ceased processing withdrawals.  FTT and SRM Holdings According to the foundation’s report (last updated Monday), Solana held roughly $1 million in cash on FTX as of November 6th. The non-profit said these funds were “negligible” to its...

How to be extra rich with your existing fund in the Metaverse? Can your blockchain assets grow passive rewards for you to reap? The HyperNation has its answer for you to leverage your crypto assets and unlock its boundless potential efficiently. Your cryptocurrency holdings mean a lot more from now on. Generally, there are two main methods to roll your funds in the crypto world: liquidity mining and yield farming. Among the two, the former is the predecessor of the...

Horsham Township in Pennsylvania is being gifted with a new bitcoin ATM, thus ensuring all residents there have access to the growing digital currency arena. Horsham Township Gets Its Own Bitcoin ATM The machine is being set up at a Sunoco gas station located at 300 Easton Road in Horsham Township. It will be available to customers 24 hours a day, seven days a week, 365 days a year. Transactions are quick and easy, and users are not required to register themselves as...

North American crypto users will be restricted from staking ApeCoin, the ERC-20 metaverse token issued by Yuga Labs, according to a company statement on Wednesday. The ApeCoin DAO claimed the “current regulatory environment” left it with “no good alternative” but to selectively geo-block the service in numerous areas, including Canada and the United States. Yuga Bends to Regulators In its latest project update, ApeCoin offered details about the upcoming launch of ApeStake.io....

[PRESS RELEASE – Seoul, Korea, 24th November 2022] tripleS has exploded onto the massive global K-Pop scene with its first subunit’s debut album, Access. In just three weeks since its release, the Seoul-based girl group that blends blockchain with pop music has hit more than 28 million YouTube views on the album’s lead track, “Generation.” tripleS is a K-Pop girl group of 24 different members divided into subunits. Fans can choose the composition of the group’s subunits via...

[PRESS RELEASE – Singapore, Singapore, 24th November 2022] BinaryX has confirmed that it is working on a new free-to-play, play-to-own game, CyberLand, an open-world MMO powered by blockchain technology. The team just released the concept video, which gives a first look of the terrains and features of the game. Free-to-play, Play-to-Own CyberLand marks BinaryX’s official transition away from play-to-earn models, and is their first-ever play-to-own game in the metaverse. As a...

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