Dapper Labs Sidelines Russian Accounts Following EU Ban

After the European Union (EU) activated its eight-package sanctions on Russia by barring its citizens from holding and transacting cryptocurrencies, it seems other platforms are about to follow suit. Dapper Labs Barred Russian Accounts The developers of the Flow Blockchain, Dapper Labs, have canceled crypto accounts belonging to Russian citizens. The decision by Dapper Labs … Read more

MiCA: EU Approves Landmark Crypto Regulation Bill

In a move signifying its intent, the European Union has finally signed off on the Market in Crypto Assets (MiCA) regulations to provide comprehensive guidelines for crypto services providers. EU Endorses Industry-Wide Regulations On October 5, the European Union Council endorsed and released the official text of the long-awaited Markets in Crypto Assets (MiCA) law. … Read more

Huobi CEO Sells Entire Stake As Price Of HT Token Spikes

In a move that has surprised many, Huobi Global announced that its founder had parted ways with his entire stake at the crypto exchange after selling it to a Hong Kong-based firm. Founder Cedes Staking Control Huobi founder Leon Li is reported to have sold his entire controlling stake to About Capital Management. The agreement … Read more

Gary Gensler Defends His Stance, Says Most Cryptos Are Securities

After much ado about the status of some digital currencies, the chairman of the U.S. Securities and Exchange Commission (SEC) maintains that most cryptocurrencies are securities. Most Cryptos are Securities There have been arguments over whether digital assets could be classified as commodities or securities. Stakeholders in the U.S. crypto space see assets as commodities … Read more

Beeple Suffers Phishing Attack As Hackers Hijack Discord URL

Another phishing incident has again popped up in the digital asset industry as the famous NFT artist, Mike “Beeple” Winkelmann, is the latest victim of scammers. Scammers Target Beeple’s Discord Server Phishing scammers have targeted Beeple’s official Discord URL. The attackers target unaware users by sending them a link to a wallet-draining channel on Discord.  … Read more

Refrain From Raising Crypto Interest Rates – UN Pleads

There has been a significant decline in the price of crypto since Jerome Powell, the chairman of the Federal Reserve, released the reserve’s intention to raise the interest on crypto transactions on the 21st of September, 2022, during an economic conference. Just as expected, the UN (United Nations) has swung into action as it involves … Read more

MKR, XRP Gain Prominence as BTC and ETH Maintain their Ground Ahead of US Inflation Report

MKR and XRP cryptocurrencies are staging a rally in a crypto market that is close to being moribund while waiting for the publication of the inflation report from the US Federal Reserve. The Personal Consumer Expenditure is set to be published at any moment. Dividends of the Legal Battle Recently, XRP sold at $0.492, being … Read more

Ethereum: Traders Should Watch This pro-ETH Metric

The crypto bear market seems to prevail, regardless of minor price upticks in a few digital coins. Moreover, the ETH Fear & Greed Index showed Ethereum’s sentiment highlighted fear during this publication. Nevertheless, the increase in fear comes amid Ethereum’s price drop. Despite the mentioned decline, some leading non-exchange and exchange wallets held ETH worth … Read more

The Chinese Authorities Busted Digital RMB Money Laundering Operation

The Chinese Law enforcement agency stopped money laundering activities that involved Digital Yuan. China included four additional provinces into the testing operation of the Central Bank Digital Currency (CBDC).  The increasing use of China CBDC in China has gained international recognition. Australia, South Korea, India, and Sweden are all developing their CBDCs. 19 G20 countries … Read more

Estonia Grants Crypto Service License for the First Time

Estonia’s Financial Intelligence office has given out its operating license for crypto service provision for the first time. This was under the country’s crypto regulatory framework that was rolled out in March. Up With New Regulations The Financial Intelligence office announced the new development last week that it issued the crypto operating permit to Striga … Read more

Shiba Inu Getting Back to Relevant Price Area

Shiba Inu had seen some poor price performance in recent times. But in spite of that, the token has started to get back up, especially against certain assumptions of a dip made by crypto analysts. Necessary Factors for Breaking Out The memecoin’s 50-day exponential moving average is such a significant price area that has to … Read more