Enforcement Action Levied Against Turkish Binance As Exchange Slips Up On Compliance

International crypto exchange platform Binance has seen its Turkish branch fined over $700,000 by Turkey’s financial watchdog due to failure to meet its AML standards. Turkey’s Financial Crimes Investigation Board (MASAK) has now levied enforcement action against Binance Turkey as the exchange has failed the regulatory body’s audit done for Anti-Money Laundering (AML) compliance. Crypto […]

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ProShares To Join The Crypto Metaverse Race, Awaits SEC Go-Ahead

Profunds Group’s ProShares has revealed its plan to join the increasingly hot crypto Metaverse race in an announcement through its spokesperson. ProShares announced that it had applied with the United States financial watchdog, the SEC, to enable the company to issue crypto Metaverse leveraged ETFs at home and abroad successfully. The US-based company prides itself […]

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Crypto Big Shot Dissects Crypto Industry’s Developmental Problems

Crypto big shot Sam Bankman-Fried has shared his perceptions about the crypto industry as an innovative tech. His unique revelations came in a lengthy Twitter thread that he posted earlier this week. In the thread by the FTX CEO, the issue of regulations and compliance stood out amongst other challenges. Bankman-Fried Crypto Insights The giant […]

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Pioneering Crypto Legislation Arrives As Brazilian Congress Decides

 An unprecedented cryptocurrency bill may soon be passed into law by the Brazilian Senate in Brazil. The country’s Congressional Chamber has already approved the Bill of Deputies. The Bill, if eventually it is legislated, will see an unprecedented comprehensive regulation across all sectors of the country. The Bill was developed to cater to the cryptocurrency […]

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Former Twitter CEO Wages War On Centralization, Mocks VCs And Shoots Down Web 3.0

Jack Dorsey, the former Twitter CEO, has single-handedly riled up the global crypto community through his tweets targeting centralization, the web3 initiative, and numerous VCs. Many essential and notable personnel spoke for and against the criticism. Jack’s tweet where he took a jab at web 3.0 protocols and notable venture capitalists and venture capital firms […]

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StarkWare To Upgrade Ethereum Layer 2 ZK Proof Scaling Solutions To Layer 3 Super-Scaling Solutions

StarkWare, a solutions protocol that currently utilizes Zero-Knowledge for scaling solutions, is set to take its solutions to the next level by developing its Layer 3 network protocol. As of now, the DeFi sector’s solutions for ether scaling problems utilize only layer 1 and Layer 2 networks. Starkware’s attempt at developing the L3 network will […]

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Arcade NFT Credit Inc. Generates $15 Million Worth Of Capital In First Series Fundraiser

Arcade, a credit provision platform that utilizes NFTs as loan collateral, has reportedly generated capital worth $15 million in its first series fundraiser. The credit company that is formerly known as Pawn.fi, has revealed in an announcement on its Twitter page that its just-concluded series A fundraiser has provided $15 million worth of capital to […]

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Nexo Offers Loan Credit Features For NFT Holders

Cryptocurrency leveraged lending firm, Nexo, has launched its proprietary lending platform, including a non-fungible token(NFT) lending platform. Nexo primarily offers liquid funds to its users for their crypto pegged collaterals such as Bitcoin, Ethereum, and other major cryptocurrencies. It has now extended its lending services to the NFT community members. The new feature will see […]

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VanEck Investments To Include Polygon And Avalanche In Its Cryptocurrency ETN  Investment Options

VanEck, a cryptocurrency ETN investment management firm that operates from New York, is looking to extend its catalog of services for its customers by including Avalanche and Polygon ETNs in its new comprehensive upgrade. The firm has announced plans to expand its offerings to accommodate crypto tokens Avalanche(AVAX) and Polygon(MATIC). The new feature will enable […]

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Drama In The SEC As Commissioners Tackle Chairperson Over New Regulations Framework

The Security Exchange Commission is abuzz as two of the regulator’s commissioners took to social media to show their dissatisfaction over the SEC’s Chairperson’s newly published,’ Regulatory Flexibility Agenda.’ United States Securities and Exchange Commission (SEC) commissioners Hester Peirce and Elad Roisman have expressly shown their disapproval over the commission’s chairperson Gray Gensler’s new Regulations […]

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