Author: Juhi Mirza

Pakistan to investigate crypto exchange Binance in an alleged $100 million scam

CryptoSlate

Pakistan’s Federal Investigation Agency has reportedly issued a formal notice to Binance after receiving multiple reports concerning a crypto scam that misled the investors into sending funds from their Binance wallets to unknown third-party wallets.  Pakistan to investigate crypto exchange Read More

Ethereum’s Arbitrum Network suffers a temporary outage

CryptoSlate

The layer two network of Ethereum known as Arbitrum suffered a seven-hour temporary outage following a hardware failure. The network’s sequencer failure hindered the processing of transactions for the said duration, which was later fixed by the network administrators.  Arbitrum Read More

SEBI chief asks Indian mutual funds to avoid investing in crypto offerings

CryptoSlate

The Chairman of the Securities And Exchange Board Of India, Ajay Tyagi, stated that domestic mutual funds should refrain from investing in any crypto-related offerings. Tyagi further stated that unless a regulatory law has been introduced by the government that Read More

Coinbase CEO sued over allegedly stealing a blockchain startup’s work

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Blockchain accelerator MouseBelt labs has recently filed a complaint against Coinbase CEO Brian Armstrong in California’s Supreme Court. The complaint comprises the blockchain accelerator accusing Armstrong of falsely stealing the work of one of its projects by pretending to be Read More

Indian crypto bill unlikely to be introduced in parliament this winter, report says

CryptoSlate

According to Bloomberg, the Indian cryptocurrency bill has yet again been shelved, with sources confirming that the bill may not be introduced in the winter session of the parliament this year.  The sources familiar with the matter also told Bloomberg Read More

Voodoo confirms $200 million investment in blockchain gaming

CryptoSlate

French gaming enterprise Voodoo announced its initiative to invest $200 million in blockchain gaming. The organization intends to invest these funds in emerging gaming studios developing blockchain-based games. Voodoo is all set to power the blockchain gaming sector Blockchain gaming Read More

UK watchdog bans seven crypto ads failing to highlight potential trading risks

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In a bid to promote ethical crypto trading in the country, the UK’s advertising watchdog has banned seven cryptocurrency advertisements of leading crypto companies due to their inability to “illustrate the risk of the investment.” Leading crypto companies such as Read More

Layer 2 Ethereum protocol Optimism officially removes Whitelist, will allow devs to deploy directly on its mainnet

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Optimism has officially removed the Whitelist feature from its network allowing developers to directly deploy smart contracts on its mainnet. The network said that it will help Optimism gain mainstream exposure and will also contribute to the network’s widespread adoption.  Read More

Step Finance launches $5 million fund to boost the growth of critical tools on Solana Blockchain

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Step Finance, the front page of Solana blockchain, has launched a $5M fund to make the Solana ecosystem more robust by building critical data tools. The fund launched will encourage users to contribute their skills in developing useful critical tools Read More

HSBC and Wells Fargo to deploy blockchain solution to initiate global forex trades

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The two leading banking organizations HSBC and Wells Fargo are teaming up to deploy a blockchain solution to bolster their foreign exchange transactions. According to Wells Fargo’s Mark Jones, this will be the first instance when a bank will integrate Read More

Decentralized travel website Dtravel facilitates crypto bookings for over 250K destinations | CryptoSlate

CryptoSlate

Dtravel, a blockchain-based travel website will now permit customers to make payments in cryptocurrency. The customers will also be able to make payments in its native token TRVL to book 250,000 homes spread across 20,000 destinations. The decentralized home-sharing platform Read More

Japanese crypto firms join forces to spearhead a new metaverse association | CryptoSlate

CryptoSlate

Four leading virtual currency firms have joined hands to form a Japanese Metaverse association. The association seeks to promote metaverse tech developments and share essential information with industry experts throughout the world.” The association was established by virtual currency trading Read More

Binance smart chain and Animoca brands set up a $200M program to sponsor GameFi projects | CryptoSlate

CryptoSlate

Global cryptocurrency exchange Binance has reportedly set up a $200 million fund that will directly invest the company’s stake in the emerging crypto gaming and metaverse sector of the digital space. As per the official blog post, Binance will be Read More

Prominent Indian bank partners with WazirX to facilitate payments to crypto investors | CryptoSlate

CryptoSlate

According to Economic Times, Indian crypto exchange WazirX has opened an account with Kotak Mahindra Bank that will allow the exchange to send and receive payments from investors. With this new collaboration, Kotak Mahindra has become the first Indian bank Read More