Tag Archives: Blockchain News

While there is a plan to set up a panel in April, the Japanese government is also launching a pilot program for the digital yen in the same month. As the race for digital currencies intensifies, the Japanese government is considering launching a panel to examine the practicality of the digital yen. The Finance Ministry is reportedly considering creating an expert panel in April to examine the feasibility of issuing the digital yen. Since the Bank of Japan began research on CBDC in 2020,...

The Radiant Capital-Binance Launchpool development reflects the growing dynamism in the exchange’s staking platform.  Decentralized, non-custodial lending protocol Radiant Capital (RDNT) has become the 32nd project onboarded to the Binance Launchpool. Reports say users can stake their Binance Coin (BNB) and TrueUSD (TUSD) into separate pools to farm RDNT tokens across 40 days. Farming commences on March 31st with a total Radiant Capital token supply of 1,000,000,000 RDNT. Binance also...

It is said that the exchange exposed its users to a very significant risk by combining several aspects of its operations that should have been registered and operated separately. The United States Securities and Exchange Commission (SEC) has charged Beaxy cryptocurrency trading platform for operating in the US as an unregistered platform. According to the regulator, Beaxy as well as its associates violated the Securities Act. The charges levied against Beaxy were also extended to its...

The collapse of FTX in November might have played a major role in the decision of Gemini to foray into derivatives trading. A new report from The Information suggests that Gemini will soon launch an international cryptocurrency derivatives exchange. According to the report, Gemini has been silently working behind the scenes in the past few months to bring the plan to fruition. As part of its efforts, the exchange has reportedly reached out to several firms that can provide it with enough...

Amid the tightening of regulatory rules in Canada, crypto exchanges are contemplating whether to continue their operations or exit from the country. Similar to the United States, regulators in Canada have been tightening their grip on crypto firms operating in the region. Amid this intense regulatory environment, several exchanges have planned to move out of the country. However, crypto exchange Coinbase would prefer to continue its operation in Canada. A person familiar with the matter...

Each of four Warhol’s prints will be accessible as shares in the form of security tokens. Tokenized versions of some of the artworks of Andy Warhol are set to launch on a new fine platform known as Freeport. This follows after the blockchain-based art-focused platform recently bagged approval from the US Securities and Exchange Commission (SEC).  Freeport was recently looking to complete its Reg A review and its efforts finally paid off on Wednesday. This simply implies that Freeport is...

Besides its basic offerings, Wakweli is also bound to offer other advanced utilities or use cases that can add extra value to all Polygon users who adopt its solution. Wakweli, a Web 3.0 infrastructure service provider has inked a strategic partnership with Polygon, an Ethereum-based layer-2 protocol. According to the partnership details as contained in a Press Release shared with Coinspeaker, Wakweli will extend its Non-Fungible Token (NFT) certification technology to Polygon for the...

Following the disclosure, there are questions concerning how compliant the exchange has been with regulations. The Financial Times has reported the possible existence of a Binance-China link. FT cited it was in the possession of some internal documents belonging to Binance.  FT noted that these documents contradict past claims by various Binance executives, including Changpeng Zhao. In one such claim, CZ hit back at critics who accused Binance of being state-sponsored. CZ noted that...

Despite several headwinds in 2022, Novogratz said that the company continues to lead from a position of strength, remaining open for business for our clients and counterparties. On Tuesday, March 28, Canadian investment firm Galaxy Digital, operated by Wall Street veteran Mike Novogratz, reported a pre-tax profit of $150 million from January 1, 2023, through March 24, 2023. This is a major sign of optimism for the crypto firm which reported $1 billion in net losses for the last year 2022....

Leading DeFi protocol Lido revealed that its NFT unstaking scheme would come full circle after the Ethereum Shanghai upgrade.  Prominent decentralized finance (DeFi) protocol Lido has announced plans to incorporate non-fungible tokens (NFTs) into its unstaking process. Yesterday, the largest DeFi protocol by total value locked intimated on the plans during its Node Operator Community Call #5. According to Lido, users will receive a transferable NFT that represents their request withdrawal...