South Korea is set to strip Terraform Labs founder Do Kwon of his passport, intensifying pressure on the fallen entrepreneur to return to the nation and face charges over a $60 billion (roughly Rs. 4,92,800 crore) crypto crash.
Terra Founder Do Kwon Asked to Surrender His Passport by South Korean Authorities
Russia Blocks OKX Exchange’s Website on Allegations of Spreading Unreliable Information
Russia’s Roskomnadzor media monitoring agency has alleged that the website of OKX crypto exchange has been spreading fake financial information and exposing people to monetary risks. As a result, the OKX website has been deactivated.
NEAR Foundation Inks Deal With Google Cloud to Provide Developers Technical Support
Near Foundation made an announcement that they have partnered up with Google Cloud. The goal of this partnership is for the companies to provide technical support to Near Grant recipients through the process of providing infrastructure for Near’s Remote Procedure Call node provider to Pagoda.
EU’s Landmark Markets in Crypto-Assets Regulation Gets European Council’s Green Light
The European Union (EU) has agreed on a legal framework for bitcoin and cryptocurrencies known as Markets in Crypto Asset Regulation (MiCA). The bill was signed off by members of the EU Council on Wednesday and consists of a regulatory framework previously established in June, which reportedly received no further development since then.
Apple CEO Tim Cook Favours AR Over Metaverse, Here’s Why
Apple CEO Tim Cook favours the Augmented Reality (AR) tech over metaverse. He believes that in the coming times, the AR will impact everybody in terms of tech evolution. Cook believes that the working of metaverse is far from being understood by the masses.
OpenSea NFT Marketplace Adds Bulk Purchase Feature, Details Here
OpenSea is now allowing users to list and buy up to 30 digital collectibles in one go. For creators looking to list up to 30 NFTs at once will also be able to use this new feature. Amid dropping sales, OpenSea has been adding a bunch of new features on the platform.
Bitcoin Retains $20,000 Value As New Economic Factors Begin Affecting Risk Assets
Bitcoin held above the $20,000 (roughly Rs. 16.32 lakh) mark, whereas Ethereum was seen marching towards the $1,400 (roughly Rs. 1.14 lakh) mark again. However, economic factors including inflation and recession are likely to guide the riskier assets in the near term.
Infinix Xboy Explorer NFT Collection Launched Alongside Its Flagship Zero Ultra 5G Phone, Details Here
The Infinix Zero Ultra 5G smartphone is set to become Infinix’s first step into the Web3 direction, given its association with the NFT sector. Infinix is looking to pay tributes to humanity’s spirit to explore the space with five NFT characters who represent space explorers from different planets, who rendezvous in our Milky Way solar system. These NFTs have speci…
SWIFT Lays Out Blueprint for Central Bank Digital Currency Network After 8-Month Experiment
SWIFT, the financial messaging system that connects over 11,500 banks and funds around the world, has laid out a blueprint for a global central bank digital currency (CBDC) network. The plans for a CBDC network come after an 8-month experiment with the central banks of France and Germany and lenders such as HSBC, Standard Chartered and UBS. Once scaled-up, banks might…
Cross-Chain Bridges, DEXs Have Been Used to Launder $4 Billion Stolen Crypto: Elliptic
Criminals have laundered at least $4 billion (roughly Rs. 32,558 crore) worth of illegal crypto proceeds using decentralised exchanges, bridges that allow asset transfers across different blockchains, and coin swap services, a new study shows.