Tag Archives: Cryptocurrency News

Miller Thomson, the law firm representing QuadrigaCX stated that a small number of affected users are likely to receive notice of Disallowance of Claim. In a post earlier this week on May 8, Miller Thomson, a law firm representing the users of defunct cryptocurrency exchange QuadrigaCX announced that they would start an interim distribution of funds linked with the exchange’s bankruptcy proceedings in the coming weeks. As per the bankruptcy trustee Ernst and Young, this interim...

A high-ranking Hong Kong official has warned crypto exchanges to expect strict regulation and advises those in opposition to go elsewhere.  Hong Kong has stated that its upcoming crypto regulation would not promote a light-touch approach despite the city’s crypto-friendly disposition. The Chinese special administrative region is putting the finishing touches to digital asset licensing rules as it seeks to become a global crypto hub. Speaking at Tuesday’s Bloomberg Wealth Asia Summit, Hong...

The stablecoins market is expected to significantly grow amid the mainstream adoption of Bitcoin and other digital assets globally. The rise of the Tether (USDT) stablecoin has been undisputed for several years. The Tether (USDT) stablecoin runs on more than 10 blockchains including Ethereum, Binance Smart Chain, Polygon, and Tron, among others. On the Ethereum network, Tether (USDT) has more than $36 billion in supply with about 4.3 million holders. The Tron network holds a vast amount of...

Binance has been aggressively growing its NFT marketplace in a variety of ways in order to become a top platform for buying, selling, and trading NFTs. Binance, the world’s largest crypto exchange has expressed interest in adding Bitcoin Ordinals to its Non-Fungible Token (NFT) marketplace by the end of May. According to the announcement, Binance will also offer royalty support and additional revenue-generating opportunities for Bitcoin NFT creators. Bitcoin Ordinals are becoming popular...

The network combines applications designed with Daml, Digital Asset’s smart contract language. Digital Asset, which is a financial technology firm, plans to introduce a global privacy-enabled interoperable blockchain network curated to offer a decentralized infrastructure for institutional clients, the announcement for which was made on Tuesday. Participants of the network, which is also called the Canton Network, include companies like BNP Paribas, Deloitte, Cboe Global Markets, Goldman...

Visa is working with its partners to launch programmable CBDCs thereby optimizing capital flows to SMEs. Although blockchain technology has shown its prowess in multiple business verticals, its adoption hasn’t been fast enough. However, payments giant Visa Inc (NYSE: V) is now working towards pushing innovative blockchain use-cases towards real-world use cases. As part of its most recent LIFT Challenge, Visa is exploring blockchain-based use cases for Brazil’s central bank digital...

Meanwhile, the defunct FTX continues to pursue various options to recover customer funds. Former FTX CEO Sam Bankman-Fried has on Monday filed an ex parte motion before a Federal Court. The motion, as filed through the office, seeks to dismiss 10 out of 13 US charges against the former CEO. The remaining charges include conspiracy to commit commodities fraud, conspiracy to commit securities fraud, and conspiracy to commit money laundering. Interestingly, the former CEO previously pled ‘Not...

The partnership between Wakweli and the Blockchain Lawyers Group will offer a number of notable advantages that include but are not limited to boosting the liquidity of the entire Wakweli ecosystem. Wakweli, a Non-Fungible Token (NFT) certification protocol, has announced its latest partnership with the Blockchain Lawyers Group (BLG) as it seeks to establish its outfit as one of the most legitimate for certifying tokenized assets. As contained in the Press Release shared with Coinspeaker,...

Ripple is opening an office in the heart of Dubai International Financial Centre (DIFC) and acquiring Swell Global 2023. Ripple, one of the most popular cryptocurrency firms, has announced its expansion in other countries. The company is all set to expand to Dubai, according to Chief Executive Officer Brad Garlinghouse. Garlinghouse also disclosed the development at the Dubai Fintech Summit that is happening today and talked passionately about the customer base in the Middle East....

Immutable Checkout boasts a one-stop-shop payment solution for digital products like in-game items and NFTs.  Immutable has introduced a new payment solution for decentralized games and the Web3 marketplace. Reports state that the blockchain gaming firm’s new scheme promises to make payments more seamless and straightforward. The consensus is that the solution, called Immutable Checkout, will also revolutionize online transactions involving digital goods. This will happen because the...