The EU authorities have changed their mind about banning anonymous crypto wallets, The Block reports. Changes to EU anti-money laundering regulations show that anonymous (non-custodial) wallets should not be banned, but they will still be subject to transaction restrictions. The European Commission proposed to ban the use of anonymous cryptocurrency wallets in the summer of...
The Ankr token (ANKR) surged 51.5% following a press release announcing a partnership between Web3 infrastructure provider Ankr and Microsoft. According to CoinMarketCap, the price of the asset rose from $0.033 to $0.05 in 25 minutes after the announcement. At the time of publication, the token is trading near the $0.049 mark. Ankr is a...
The announcement on the site’s website states that the withdrawal of fiat currencies and crypto assets became available to FTX Japan customers through the Liquid Japan web platform on February 21. In early December last year, FTX Japan announced that it plans to resume local customer withdrawals, which were suspended on November 8th. The exchange...
The Proof of Stake Alliance (POSA), a nonprofit industry alliance, has published two white papers examining on the status of deposit tokens in United States securities and tax law on Feb. 21. The papers were authored by representatives of over 10 industry groups. Liquid staking is the practice on blockchains using a proof-of-stake consensus mechanism...
The two largest creditors of Mt.Gox, a cryptocurrency exchange that collapsed due to a hack in 2014, have decided to receive most of their losses in bitcoin, CoinDesk reported, citing people familiar with the matter. The Mt.Gox website appeared in 2006. It was a fantasy game developed by Jed McCaleb, who later co-founded Ripple and...
Japan, a nation where foreign stablecoins like Tether are prohibited, plans to begin its central bank digital currency (CBDC) pilot in April 2023. It aims to include private businesses and test a model of a CBDC ecosystem. On Feb. 17, the Bank of Japan (BoJ) released the opening speech of its executive director Shinichi Uchida...
A US regulator has sued blockchain platform Terraform Labs and its founder Do Kwon, alleging they raised billions of dollars from investors by selling securities to them under the guise of cryptocurrencies. The US Securities and Exchange Commission (SEC) has accused Terraform Labs and its founder Do Kwon of running a multi-billion dollar fraud scheme....
The price of Bitcoin has reached a new 2023 high of $25,000 after surging over much of January. The last time Bitcoin’s price was around $25,000 was around mid-June, on its way down to between $19,000 and $21,000, where it then hovered for several months, according to data from CoinGecko. The price of BTC then...
Abu Dhabi’s technology ecosystem, Hub71, has announced a new initiative called “Hub71+ Digital Assets,” with a capital backing of over US$2 billion. This project aims to advance Web3-based innovations, such as blockchain technology and metaverse applications. The initiative aspires to provide Web3 startups with access to a range of programs, and initiatives, as well as,...
The price of the Floki token (FLOKI) rose by 46% after the head of Tesla and SpaceX, Elon Musk, who remains a supporter of the meme cryptocurrency Dogecoin, published photos of his Shiba Inu named Floki. Floki is a governance token in the ecosystem of the same name, which includes a gaming metaverse, an NFT...
