Binance responded to the letter saying that they take compliance seriously and are looking to secure licenses in the country.
Decentral Block Post
Animoca, WeMade, Samsung Next back Web3 studio to develop open-source games
The company plans to use the funds to build a gaming ecosystem based on Libplanet blockchain technology.
British investment managers call for the blockchain-traded funds' approval
The Investment Association believes the new technology will bring significant cost savings for end investors.
Crema hacker returns $8M, keeps $1.6M in deal with protocol
The Crema Finance team awarded the hacker who made off with nearly $10 million in funds from the protocol 16.7% of the stolen funds as a white hat bounty.
WSJ editorial slams SEC's 'bewildering' Bitcoin ETF denials
The editorial board has drawn attention to a two-pronged approach employed by SEC's Gensler which makes it practically impossible to get a spot Bitcoin product approved.
Crypto owners banned from working on US Government crypto policies
A new legal advisory notice from the US Office of Government Ethics prohibits any employee who owns cryptocurrency from working on Federal crypto regulation.
NFTs to authenticate racing car parts: Nifty Newsletter, June 29–July 5
The most-followed TikTok creator Khaby Lame also partnered with Binance to create Web3 content and create nonfungible tokens with the exchange.
Price analysis 7/6: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, SHIB, LEO
Bitcoin and select altcoins are making an attempt at flipping key resistance levels, but negative news-flow and selling from BTC miners could continue to weigh on market sentiment.
Circle looks to reaffirm commitment to transparency as USDC market share soars
"With USDC, our business model is minimizing risk, not taking and managing risk,” wrote Jeremy Fox, Circle's CTO.
What does a bear-market ‘cleanse’ actually mean?
The latest bear market should send a clear signal to projects: It’s all about finding a problem that needs to be solved, and actually using your product to solve it.
NFT platform wars could be ahead, says new DappRadar report
OpenSea, UniSwap, MagicEden, eBay, and others are acquiring NFT aggregation tools and taking a stand to gain market share of the evolving NFT ecosystem.
Web3 will unite users from social media platforms, says Aave exec
At this year’s NFT.NYC conference, Aave executive Christina Beltramini shared detailed insights into the platform’s recent launch and future vision.
Italian government will provide $46 million in subsidies for blockchain projects
All companies developing IoT, AI, or blockchain technology will be eligible to apply for government subsidies provided the funds will be used in specific sectors, such as health.
With the bear market in full throttle, crypto derivatives retain their popularity
"Derivatives provide opportunities to protect their portfolios during times of heightened market volatility," says Emerson Li, brand lead at BingX.
Lamborghini-backed GT racing team to authenticate car parts using NFTs
Former racing champion Vincenzo Sospiri said that this will allow them to monitor and ensure the quality of their car parts.
Crypto investor Sequoia Capital China reportedly raises $9 billion
Sequoia China is known for backing many crypto firms, including the troubled crypto lender Babel Finance, which halted withdrawals in mid-June.
Multichain adds Rootstock to its blockchain bridge ecosystem
The RSK sidechain is the first Bitcoin-based sidechain to be incorporated into Multichain.
Does the Metaverse need blockchain to ensure widespread adoption?
While not absolutely necessary, omitting it would be misguided. “The Metaverse without blockchains would likely just advance the ball for Big Tech.”
Sango crypto hub goes live in the Central African Republic
Central African Republic President Faustin-Archange Touadera outlined that the Sango crypto hub project will foster financial inclusion by removing the barriers to entry in the banking sector.
Fork of July: Cardano Vasil upgrade successfully launches on testnet
With the Cardano testnet hard fork complete, all that remains is to fork the mainnet, which will come in about four weeks, or when developers have had enough time to prepare their tools for the upgrade.
Are expiring copyrights the next goldmine for NFTs?
Most people think of digital art when it comes to NFTs, but in the future, expiring copyrights could be preserved, refreshed and repurposed using nonfungible token technology.
The crypto industry needs a crypto capital market structure
The DeFi industry needs a sound market structure and systemic independence from current transactional systems.
Crypto’s ongoing crisis is an opportunity for realignment
The value and reputation of the crypto market took a nosedive this May. Its recovery is a chance to fix both.
Israel’s regulator teases comprehensive crypto framework at ICC
This year’s annual Israel Crypto Conference was focused on regulation and CBDCs: The regulated status of cryptocurrencies would open many doors of possibilities.
Ethereum average gas fee falls down to $1.57, the lowest since 2020
For nearly two years, between Jan. 2021 and May 2022, the average gas fee required by the Ethereum network was roughly $40, with May 1, 2022 recording the highest average daily gas cost of $196.638.
Web5 vs. Web3: The future is a process, not a destination
What is Web5, where is Web4 and what would be the recently announced initiative by Block subsidiary TBD to create a new layer of decentralization on top of the Web.
Crema Finance shuts liquidity protocol on Solana amid hack investigation
While awaiting Crema Finance’s report on the situation, the Crypto Twitter community took it to themselves to track down the hacker’s wallet and better understand the problem.
The development of blockchain industry and how to defend against attacks on DeFi
The DeFi market is a highly promising venture where the main struggling issue is a lack of qualified blockchain developers.