Terraform Labs Sets to Reopen Shuttle Bridge
A bankruptcy court order has granted Terraform Labs (TFL) authority to take critical actions, such as destroying many LUNA tokens and reopening the Shuttle Bridge. In a post, the blockchain platform announced that TFL will reopen the Shuttle Bridge following the court’s directives, enabling users to redeem sealed assets on Terra Classic. Reopening of the […]
EU Introduces Crypto-asset Classification Under MiCA
The European Union (EU) has implemented new guidelines that enable market participants to categorize cryptocurrencies and digital assets under the Markets in Crypto-Assets Regulation (MiCA). Three European Supervisory Authorities (ESAs)—the European Banking Authority (EBA), the European Insurance and Occupational Pensions Authority (EIOPA), and the European Securities and Markets Authority (ESMA)—released a consultation paper on July […]
ZA Bank to Offer Reserve Services to Stablecoin Issuers
ZA Bank, the largest virtual bank in Hong Kong, has announced an initiative to offer exclusive reserve bank services to stablecoin issuers, integrating traditional banking with cutting-edge financial technologies. The most recent regulatory framework requires cryptocurrency stablecoin issuers to deposit reserve assets in local institutions. This is a substantial stride toward establishing a more secure […]
Bitrue Ventures Launches $40M Web3 Investment Fund
The investment and research arm of the crypto exchange Bitrue has launched a $40 million pool of investment assets exclusively dedicated to the Web3 ecosystem. Several Web3 ventures and developers will be among the recipients of Bitrue Ventures’ $40 million fund, with the potential for a maximum investment of $200,000. As per the announcement, Bitrue […]
Nigeria Starts Reviewing Blockchain Technology Policy
The evaluation of the policies governing the Nigeria Blockchain Technology Policy implementation commenced on July 17, as confirmed by the Chairman of the committee Chuta announced on the X social platform that the Steering Committee has commenced reevaluating the country’s national blockchain policy implementation policies. Revision of the blockchain policy The National Blockchain Policy Steering […]