In its 86-page report released on March 24, the US Federal Reserve denied Custodia Bank’s application for membership citing concerns over the bank’s involvement in the crypto industry. The Fed has raised “concerns about banks […]
The blockchain security company CetriK issued a warning on March 25 about a phishing link that was being spread via the official Discord server of Arbitrum, which is a prominent cryptocurrency platform. According to the […]
The developer of the immensely popular PlayStation gaming console, Sony Interactive Entertainment, has recently submitted a patent application for a framework that, once implemented, will enable users to transfer and utilize non-fungible tokens (NFTs) across […]
In a recent incident that left the NFT community stunned, NFT collector Brandon Riley accidentally burned a CryptoPunk NFT worth $200,000 by sending it to a burn address. Riley had purchased the coveted CryptoPunk #685 […]
Animoca Brands, a venture capital firm and web3 game developer, has denied recent reports that it has scaled back its metaverse fund target and experienced a significant drop in its valuation. The company refuted claims […]
Coinbase, a prominent U.S.-based cryptocurrency exchange, has been issued a Wells notice by the U.S. Securities and Exchange Commission (SEC) over possible securities law violations regarding some of its asset listings, staking services, and Coinbase […]
In recent news, Animoca Brands has reportedly reduced its target for its metaverse fund by a further 20% to $800 million, according to sources familiar with the matter. The company has scaled back on its […]
However, the blending of traditional and decentralized finance (DeFi) continues to strengthen despite the challenges. In Nigeria, crypto wallet MetaMask has partnered with crypto fintech MoonPay to enable users to purchase crypto via instant bank […]
Deutsche WertpapierService Bank (Dwpbank), which provides securities processing services to approximately 1,200 banks in Germany, is launching a new platform called wpNex. This platform will allow all of its affiliate banks’ retail customers to access […]
MakerDAO has voted to keep USDC as the primary collateral for Dai, rejecting a proposal to diversify into GUSD and USDP. The decision was made based on reduced risks from a cascading bank run in […]
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