South Korea, which was among the top 10 countries in the Global Innovation Index by the World Intellectual Property Organization as of 2020, has always amazed the world with its innovative and advanced technological solutions and it continues to rule the crypto industry when it comes to digital assets. With massive NFT adoption, the small East Asian […]
During his speech on the first day of this year’s Binance Blockchain Week, Charles Hoskinson, the founder of Cardano, talked about several important aspects of Binance and Web3. Notably, the conference was held at the Dubai World Trade Center in the United Arab Emirates. Hoskinson raised several key questions Hoskinson used his keynote speech to discuss topics […]
Crypto exchange giant Coinbase is reportedly buying the Brazilian company, which is also the parent company of Mercado Bitcoin, 2TM. The third-largest newspaper in Brazil with 212 million populace, Estadão, reported that the Coinbase acquisition could be completed by next month. Notably, last year, 2TM gained unicorn status and currently has a valuation of $2.2 billion. In […]
Northeast African country, Sudan’s monetary authority, the Central Bank of Sudan (CBOS) has issued a warning against dabbling in digital assets due to the “high risks” associated with them. Interestingly, the move comes when the country’s economy is deteriorating. As per the report by Sudan’s state-owned news platform SUNA, high risks revolving around crypto assets include financial […]
Japan, which recently said that it will follow the U.S. in regulating stablecoins, is known for its strict and structured crypto regulations. A Japanese government official has revealed that the government has planned to modify its Foreign Exchange and Foreign Trade Act to control exchanges under the purview of laws that regulate banks. The proposed amendments […]
One of the biggest banks in Israel, Leumi Bank, has reportedly begun to accept Bitcoin and Ethereum trading on its platform. As per a recent report by Reuters, Leumi’s digital platform, Pepper Invest, has partnered with the Blockchain infrastructure company Paxos to release its own crypto trading service. The clients on Pepper Invest can now buy, sell, […]
It is very rare to see a leader endorsing crypto projects like El Salvador’s Nayib Bukele. However, the Honorable Bob Loughman, the prime minister of South Pacific Ocean nation Vanuatu has joined the crypto proponent list by giving a green signal to Satoshi Island. Satoshi Island, a crypto utopia megaproject in the South Pacific, just revealed […]
Indian investors are extremely sad after the Finance Minister of India, Nirmala Sitharaman’s introduced the crypto tax framework passed as an amendment to the Finance Bill to become law in the country. On Friday, the lower house of parliament, the Lok Sabha, passed the 2022 Finance Bill with 39 fresh amendments proposed by the Finance ministry. The amendment to […]
Crypto exchange giant Crypto.com has revealed its plans on using its ad time during Sunday’s 94th Academy Awards to air a TV spot related to the current condition and loss of Ukraine due to the ongoing Russia-Ukraine crisis. Kris Marszalek, the CEO of Crypto.com, said in an announcement that the company has teamed up with the ICRC […]
During her speech this Friday morning at CNBC’s flagship business and politics show Squawk Box, the United States’ 78th Secretary of the Treasury Department, Janet Yellen talked about the crypto market and growth of the renewable energy sector with Russia’s economic sanctions, increasing inflation, and Federal Reserve responsibility. She also talked about her personal views on digital […]
On March 25, the Bank of England announced that it has signed a deal with the Massachusetts Institute of Technology (MIT) Media Lab Digital Currency Initiative (DCI) for a joint 12 months-long research project on CBDC. The bank cleared that the new project is only for research purposes and does not plan to develop a functional CBDC. […]
Ukraine has lost many lives from the attacks from the Russian military and to preserve the timeline of major events, the Ministry of Digital Transformation of the nation has started an online nonfungible token or NFT museum. On Friday, Mykhailo Fedorov, the country’s minister of digital transformation tweeted that the government has launched a project […]
The crypto market is witnessing an upward motion recently with rising demand among investors all over the world. The regulatory bodies around the world are tightening their grips to regulate the industry. We at TheCoinRise are here to summarize this crypto market week for you. Regulatory involvement in the crypto industry Pete Sessions, a Republican Congressman has […]
Liverpool Football Club or LFC has been in headlines for partnering with Sotheby’s for the purpose of launching a club’s Non-fungible token (NFT) collection. The European football club is known for its amazing history, winning 19 league titles, 1 FIFA Club World Cup, 6 European Cups, 7 FA Cups, 3 UEFA Cups, 9 League Cups, 4 […]
Google-backed artificial intelligence company Glance has bought India’s Gambit, according to TechCrunch, as the company wants to expand its mobile game offerings and introduce NFTs to its Gen-Z consumers. The acquisition was verified by Piyush Shah, co-founder of InMobi Group and COO of Glance, although the financial parameters of the deal were not disclosed. He said […]
The South Korean government last year introduced the so-called Travel Rule, after which several crypto exchanges in the nation were struggling to survive. However, the government-mandated deadline has now been reached and now the exchanges are in compliance with the regulations. Beginning today, any crypto transfers worth over $821 will be flagged by Korean exchanges. User-verified wallets and […]
Bloomberg’s famous exchange-traded fund (EFT) analysts, Eric Balchunas and James Seyffart said that if the United States Securities and Exchange Commission (SEC) implements a proposed rule change, it would act as a catalyst for the regulator approving a spot Bitcoin ETF in the coming year. Balchunas went on Twitter this Thursday to note that if […]
Decentralized Finance protocol Synthetix has announced that it has deployed its Debt Synthesis feature this Thursday between 9 pm and 11 pm UTC. The team is expecting to positively impact staking participants in two different types: Synthetic inflationary staking rewards Debt hedging Happy Debt Pool Synthesis Day! Starting later today, March 24th, at 9pm UTC, the debt pools […]
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