Key Takeaways Celsius Network, which possesses 450k $stETH worth $1.5 billion, suffers heavily from this liquidating phase Lido Finance states the exchange rate between stETH: ETH does not reflect the underlying backing of the holder’s staked ETH, but is more…
Key Takeaways Cryptoys will have “interactive animal NFTs” with several customizable collectibles. The NFT platform would be built in partnership with the Web3 firm OnChain Studios. The original character drops will happen this summer, and NFTs will be released soon…
Key Takeaways According to the Finance Ministry, new regulations are set in place to tackle money laundering, terrorist financing, and sanctions evasion from Russia and Belarus. The regulations are tightened for crypto exchanges and require the managerial staff of Lithuanian-based…
Key Takeaways: Binance is planning to the virtual assets service provider license and Electronic Money Issuer license to start its operations in the Philippines. The CEO talked about the exchange’s plans to partner with traditional financial service centers, including payment…
Key Takeaways IMF paper titled “Digital Currency and Energy Consumption” emphasized the importance of design choices within the crypto market to build an eco-friendly payment system. IMF recommended shifting from PoW based distributed ledger technology applications owing to their huge…
Key Takeaways Under the new bill, “digital financial actives” (DFA) would be prohibited as payment methods for goods and services. The bill introduces the term ‘electronic platform,’ which would be recognized as the subject of the national payment system. On…
Key Takeaways The new Mastercard supports Bitcoin, Dogecoin, Bitcoin Cash, Litecoin, and dash. The card doesn’t require KYC verification and is free of cost. Leading self-custody crypto exchange startup Edge launched a crypto card that doesn’t require Know Your Customer…
Key Takeaways Upbit states the termination is due to LTC’s non-compliance with the Specific Financial Information Act. After the issual of termination notice, services including airdrops, wallet upgrades, and hard forks for digital assets will no longer be supported. Leading…
Key Takeaways The partnership involves the creation of a Budweiser-themed race track, and Budweiser NFT passes. The number of Budweiser pass NFTs to be up for sale is around 2,500. Leading beer manufacturer Budweiser has partnered with Zed Run to…
Key Takeaways: The National Bank of Kazakhstan’s Chairman says that they intend to extract the profit from the potential of cryptocurrency. Primatov says it is too early to speak about crypto legalization by the bank. The National Bank of Kazakhstan’s…
