Topic: Cryptocurrency
EU’s Markets in Crypto Act
The European Union’s legislature has granted final approval to the Markets in Crypto Assets (MiCA) regulations, which are the new common rules for the crypto space in Europe....
The Collapse of FTX Cryptocurrency Exchanges
The FTX – one of the world’s largest cryptocurrency exchanges – collapsed. Its founder, Sam Bankman-Fried’s fortune fell from nearly 16 billion USD to zero within days after... MENA region – world’s fastest crypto adopter
The Middle East and North Africa (MENA) region is the fastest growing cryptocurrencies market in the world. Key facts The 2022 Global Crypto Adoption Index released by the...
“The Merge” of the Ethereum
Ethereum – the world’s second largest blockchain – has transitioned from the legacy “proof-of-work” to a “proof-of-stake” consensus mechanism. Key facts The Ethereum Merge is an upgrade that...
Norway’s central bank digital currency
Norway’s central bank – Norges Bank – recently hit a major milestone in its digital currency development efforts by releasing the open source code for the country’s CBDC...
What is Crypto Jacking?
Crypto jacking, a type of cybercrime in which cryptocurrencies are mined through hacked computers, has reached a record high in 2022. According to a recent report, the number...
Dubai Virtual Assets Regulation Law
Dubai has introduced crypto asset regulation, joining the ranks of Singapore, the United States, the United Kingdom, El Salvador, and other countries that have enacted cryptocurrency laws. The... US Executive order on Cryptocurrency
On 9th March 2022, U.S. President Joe Biden signed an executive order on cryptocurrency. About the executive order The executive order called on U.S. federal agencies to examine...
Twitter: NFT Profile Picture feature
On January 21, 2022. Twitter announced a new way for users to authenticate their profile pictures, which is fuelled by non-fungible tokens (NFTs). Key Points It is significant... Russia’s Ban on Cryptocurrencies
On January 20, 2022, the Russian central bank proposed to crack down the cryptocurrencies. Highlights If this move is adopted, it could disrupt the burgeoning virtual money sector...
Myanmar: NU Government officially accepts Tether cryptocurrency
Myanmar’s shadow government has allowed the use of world’s largest cryptocurrency called Tether. Key Points Tether Cryptocurrency will be used as an official currency. This move will make... 