Islamic Coin Developer Faces Regulatory Hurdles in Dubai
Bored Gen DMCC, the developer entity of Islamic Coin, has been issued an enforcement notice by the Virtual Assets Regulatory Authority in Dubai for technical non-compliance. How will this affect the future of the Shariah-compliant cryptocurrency? Islamic Coin (ISLM) , a cryptocurrency that aims to onboard over 1.8 billion Muslims into digital finance without compromising […]
Zipmex Thailand Suspends Trading Amid SEC Issues
Zipmex Thailand, a crypto exchange, has announced that it has stopped accepting new deposits and trading on its platform due to compliance issues with Thailand’s SEC. Customers can still withdraw funds until January 31, 2024. Zipmex Thailand, a crypto exchange that operates in Thailand, Australia, and Indonesia, has halted new deposits and trading on its […]
Bean DAO Drops Lawsuit Against Azuki Founder, Launches Memecoin Project
Bean DAO, formerly known as Azuki DAO, has announced a rebranding and a new memecoin project backed by $10 million. The DAO has also withdrawn its legal action against Azuki NFT founder Zagabond. Bean DAO, an independent decentralized autonomous organization (DAO) linked to the Azuki non-fungible token (NFT) collection, has announced a significant rebranding, transitioning […]
Decentralized Finance and the Need for Robust Web3 Infrastructure
This article explores Decentralized Finance (DeFi), its benefits, challenges, and the need for a robust Web3 infrastructure for its growth. Decentralized Finance (DeFi) is bringing about an essential change in the financial sector by offering open, permissionless, and transparent financial services. Built on blockchain technology, DeFi represents a fundamental break away from traditional centralized systems […]
Cardano Advances in AI, Blockchain with Girolamo Chatbot
Cardano (ADA) has launched Girolamo, an AI chatbot that can handle a wide range of queries and generate images. This is a pivotal step for Cardano in AI, which aligns with its blockchain partner, SingularityNET, and its potential collaboration with OpenAI. Cardano has made significant progress integrating artificial intelligence (AI) with its ecosystem. The recent […]