Tech News

United Kingdom-based online bank, Revolut has been approved by the Cyprus securities and exchange Commission CySEC to provide crypto service across the European Economic Area. The approval from the CySEC makes Revolut the first firm to be awarded the crypto asset authorization. With the CySEC approval, Revolut can now provide its crypto service to its […]

Defying the ongoing cryptocurrency winter, some countries especially UK-linked entities recognized to be tax havens are enticing more crypto firms with their friendly conditions.  France’s neighboring countries, Jersey and Guernsey are two nations that are making efforts to attract more crypto investment and blockchain investors. Placing their focus on financial technology firms, crypto, and blockchain, […]

Real Madrid and FC Barcelona, the two largest soccer teams in Spain, submitted a joint Metaverse trademark application recently. The teams intend to offer their fans goods like crypto transaction management software and virtual reality gaming. Despite their great competition on the football field, FC Barcelona and Real Madrid have made the decision to enter the cryptocurrency […]

The London-based professional football club, Arsenal FC has been chided by the Advertising Standards Agency (ASA) for getting involved in the misguided promotion conducted by Socios.  Socios is a fan token company that has entered into a partnership with six different top European league clubs. The members of this partnership are Barcelona, Juventus, Paris St […]

American financial service company, Robinhood is gradually moving into Web3.0 and decentralized finance (DeFi) and decided to launch a Web3.0 non-custodial wallet.  A waitlist was created for interested customers who might want to sign up for the Web3.0 crypto wallet. The CEO of Robinhood, Vladimir Tenev announced today via a tweet that over 1 million […]

A week after TheCoinRise reported multiple wallet compromises on the Solana blockchain network, Phantom, one of the most used hot wallets in the ecosystem has come out to recuse itself for being the source of the attack. Taking to Twitter, the Phantom team said its investigations have not shown that any of its systems were […]

As announced by Offchain Labs, the developer of Arbitrum, Reddit an American social media company is moving its Community Point System to Nova, an Ethereum (ETH) mainnet.  Following the transition, Reddit Community Point System will be developed on the newly launched Arbitrum Nova chain and would leverage the Arbitrum AnyTrust technology to add more value […]

The Reserve Bank of Australia (RBA) has revealed its plans to launch a one-year research program into the potential economic benefits of a Central Bank Digital Currency (CBDC). As announced by the Central Bank, the RBA will be partnering with the Digital Finance Cooperative Research Centre (DFCRC), a government-sponsored industry group. The subject of a […]

Expansive decentralized ecosystem Hector Network announced that it has entered into a partnership with Bundesliga football club, Borussia Dortmund (BVB).  The announcement was made on Twitter and also on the Telegram page of the decentralized autonomous organization (DAO) Hector Network. Alongside the deal, lots of giveaways were promised to ardent followers including tickets for every […]

The Bank of Thailand (BoT) has announced its plans to commence its retail Central Bank Digital Currency (CBDC) trials by the end of this year. The retail trial of the CBDC was described as a part of the bank’s efforts to position itself right for the future of money which it believes can be dominated […]

Financial services company Mastercard’s Chief Financial Officer Sachin Mehra recently expressed his views on cryptocurrencies like Bitcoin and Ethereum. During an interview with Bloomberg, Mehar said that he believes that cryptocurrencies are still too volatile to be classified as a payment instrument, but stablecoins and central bank digital currencies (CBDCs) have the potential to fit in that […]

Revolut, a British financial technology company that offers banking services has launched a crypto trading service in Singapore as it looks to expand its business prospects both as a fintech firm and in the digital currency ecosystem. As reported by the Business Times of Singapore, the newly launched service will enable Revolut’s customers in the […]

Galoy, an open source payments solutions provider has announced a $4 million capital raise. The firm behind El Salvador’s Bitcoin beach wallet also introduced a new product dubbed Stablesats – a bitcoin-backed synthetic dollar. The financing round chaired by Hivemind Ventures also had participation from Valor Equity Partners, Timechain, El Zonte Capital, Kingsway Capital, Trammell […]

Technical education specialist at Halborn, Luis Lubeck, issued a warning on July 28 about a fresh phishing campaign that is targeting users of the well-known cryptocurrency wallet MetaMask. He asserted that emails were being used by the active phishing campaign to target MetaMask users and deceive them into disclosing their passphrases. To alert users to the new […]

The chairman of the Senate Banking Committee, Senator Sherrod Brown (D-OH), has written to the heads of Apple and Google seeking a response to the fake crypto apps that have been making the rounds in their respective app stores. Earlier this month, the FBI issued a warning that fraudulent crypto apps have already scooped off $42 million from investors […]

The landlocked African country, Central African Republic (CAR) recently commenced the alignment of strategies to launch its Bitcoin (BTC) investment platform.  According to an email sent to pre-registered customers, the platform dubbed Sango was scheduled to launch on Monday 25th July. Based on information from the Sango official website, the coin is now on sale. […]

The state of the digital currency ecosystem through which the prices of digital assets like Bitcoin have been slumping has impacted the overall activities of Ransomware attackers. According to a security report by SonicWall, Cyber security has shed accurate insight into the criminal activities bordering on the emerging blockchain ecosystem. According to SonicWall, general malware […]

The Crypto Center for Innovation (CCI), a not-for-profit organization that seeks to expand the global worldview of crypto innovations has appointed two new veterans to join its management team. The new hires, Linda Jeng and Brett Quick will stand at the forefront of championing the center’s policy initiatives with regulators in Washington DC and around […]