Terra Luna Classic Stops USTC Minting To Revive Chain
Terra Luna Classic, a fork of the Terra blockchain, has passed a key proposal to stop the minting of its stablecoin USTC, which has been trading below its target value of $1. The move is expected to help the recovery of the Terra Luna Classic chain and its native token, LUNC, which have both suffered […]
Coinbase Launches On-Chain Identity Verification Platform
Coinbase has announced the launch of its Verifications platform, which brings know-your-customer policies on-chain using the Ethereum Attestation Service. Coinbase, one of the largest and most popular crypto exchanges, has launched its Verifications platform, which brings identity verification on-chain using the Ethereum Attestation Service (EAS). The exchange said that launching identity verification on the chain […]
48 Nations Unite to Implement Crypto Tax Reporting Standard
A coalition of 48 countries has agreed to adopt the Crypto-Asset Reporting Framework, a new global standard for tax transparency in the crypto-asset market. The crypto-asset market is facing a major shift in tax regulation as a coalition of 48 countries has come together to implement the Crypto-Asset Reporting Framework (CARF), a new global standard […]
Hodlnaut Announces Liquidation Amid Crypto Market Downturn
Hodlnaut, a crypto lending firm based in Singapore, has been forced to liquidate its assets after suffering huge losses in the Terra/Luna and FTX debacles. The company’s users and creditors are left in limbo as the liquidation process unfolds. Hodlnaut crypto lending platform, has announced its liquidation after failing to recover from the massive losses […]
India’s CBI Partners with Liminal to Secure Seized Digital Assets
Liminal, a Singapore-based digital asset custodian, has been chosen by India’s CBI to manage the digital assets seized during investigations. This partnership aims to enhance the security and regulation of India’s digital asset ecosystem. India’s premier investigating police agency, the Central Bureau of Investigation (CBI), has forged a strategic partnership with Liminal, a digital asset […]