Key Takeaways: Proof-of-Work Algorithm is energy intensive. Proof of stake is a lot cleaner in terms of energy. Bitcoin’s energy utilization is higher than entire Argentina. Kazakhstan plans to increase energy rates for crypto mining. Bitcoin consumes more than 15…
key takeaways: In a groundbreaking move to bolster financial technology (FinTech) innovation, the Financial Conduct Authority (FCA) of the United Kingdom has taken a significant step forward by launching a permanent Digital Sandbox. Unlike traditional sandboxes, which are often time-limited…
key takeaways: In a landmark decision, the United Kingdom’s regulatory authorities have taken a significant step towards providing much-needed clarity on the status of cryptocurrencies in the country. The UK has rejected the notion of classifying cryptocurrency trading and investment…
Key takeaways : In a surprising development, Nasdaq, one of the world’s largest stock exchanges, has announced the suspension of its planned cryptocurrency custody service launch. The decision comes amidst a rapidly evolving landscape for digital assets and highlights the…
Key takeaways: In a landmark development for the cryptocurrency industry, Societe Generale, one of France‘s leading financial institutions, has been granted the first-ever crypto license by French regulatory authorities. The license, known as “Prerequisite for Numerous Service Activities” (PSAN), grants…
Key Takeaways : Shinhan Bank, a prominent financial institution in South Korea, has taken a momentous step in potentially transforming the remittance sector. The bank is currently conducting tests for stablecoin payments on the advanced Hedera network. This blockchain platform…
key takeaways: In a groundbreaking move, the United States Securities and Exchange Commission (SEC) has granted its approval to the Valkyrie Spot Bitcoin ETF application. The SEC is currently considering Valkyrie’s spot Bitcoin ETF proposal, which marks the second such…
key takeaways: The ongoing legal battle between the U.S. Securities and Exchange Commission (SEC) and Ripple Labs Inc., the company behind the cryptocurrency XRP, recently saw a notable development. SEC Chair Gary Gensler has expressed his disappointment with a specific…
key takeaways: In the fast-paced world of decentralized finance (DeFi), innovation and opportunity often go hand in hand with risks and uncertainties. An unfortunate recent event has yet again surfaced as AnubisDAO, a decentralized autonomous organization (DAO), fell victim to…
key takeaways: In the fast-paced world of cryptocurrency, partnerships and collaborations can make or break a company’s success. Recently, BlockFi, a prominent crypto lending platform, has been making headlines for allegations that its CEO disregarded warning signs associated with its…
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