Author: Atis. Sh

Japan has greenlit the installation of a Dogecoin statue, honoring the iconic Shiba Inu, Kabosu. Spearheading this initiative is PleasrDAO, the renowned NFT community holding the authentic “Doge” meme rights. They’ve partnered with the City of Sakura for the grand unveiling set on November 2, coinciding beautifully with Kabosu’s birthday. The Journey from Meme to Monument Nestled in Sakura Furusato Square, a favorite spot for Kabosu’s caretakers, this statue represents more than just a meme—it embodies a movement. Dedicated Kabosu aficionados rallied together last year, pooling resources to actualize this monument. Their aspirations don’t end here; whispers of an eventual…

Metro Bank’s shares plummeted another staggering 29% on Thursday, fuelled by rising concerns over the bank’s financial health. Amidst rumors of Metro Bank scrambling to bolster its finances, Financial Times unveiled that the bank is actively engaging with investors to secure £250 million ($303 million) in equity and £350 million ($424 million) in debt. Financial Turbulence for UK’s Challenger Debuting in 2010, Metro Bank pioneered as the inaugural competitor to longstanding UK banking giants like Lloyds, Barclays, and HSBC. Yet, as rumors circulate, the bank maintains a guarded stance, refraining from commenting. However, a subsequent statement did emphasize Metro Bank’s…

In a significant shift from its cryptocurrency origins, Kraken, a seasoned name in the crypto world, has unveiled plans to introduce trading of US-listed stocks and exchange-traded funds (ETFs). This ambitious venture will kickstart through a newly established division, Kraken Securities. An insider, choosing to remain anonymous, disclosed that this new service aims to cater to both US and UK markets. While Kraken has already secured the essential regulatory permissions in the UK, the company is presently in the application phase for a broker-dealer license in the US with the Financial Industry Regulatory Authority. Anticipation is building around a potential…

In a recent, exhaustive House Financial Services Committee hearing that spanned nearly five hours, SEC Chair Gary Gensler found himself at the receiving end of pointed questions and critiques from both sides of the aisle. This marked Gensler’s second appearance on Capitol Hill in just a month, with lawmakers eager to glean insights on his leadership at the SEC. Rep. Tom Emmer, R-Minn., pulled no punches, accusing Gensler of attempting to consolidate power, potentially at the expense of the financial future of the US. He further claimed that federal courts have indicated that Gensler might be overstepping his legal authority.…

After months of teasing, the Stablecoin Studio has launched as an open-source SDK on the Hedera network. Designed as an exhaustive toolkit, this innovative platform facilitates stablecoin issuers to expediently deploy applications and manage their stablecoins. What sets this apart is its capability to offer an all-inclusive management toolkit, fine-tuning digital asset operations with precision. What’s more, the toolkit reinforces transparency with its proof-of-reserve functionality. It draws from either existing systems or on-chain oracles, ensuring that disclosure remains at the forefront. Coupled with effortless integrations with custody providers, the Stablecoin Studio significantly trims down the time-to-market for stablecoin ventures. Hedera’s…

In a bid to bolster oversight in the burgeoning cryptocurrency sector, Taiwan’s Financial Supervisory Commission (FSC) has rolled out its long-awaited guidelines for crypto platforms. These guidelines, released today, revolve predominantly around ensuring customer protection and industry standardization. The FSC’s pronouncement emphasizes several critical points. At the forefront is the mandate that domestic crypto platforms maintain a strict division between company and customer assets. Additionally, they must lay down clear criteria for listing and delisting virtual assets and amplify the transparency of their information disclosure. Foreign Exchanges Must Register in Taiwan to Operate Legally Further tightening the leash on offshore…

JPMorgan Chase & Co.’s UK digital banking offshoot, Chase UK, will soon block customers from making cryptocurrency transactions, citing a significant rise in fraudulent activities and scams. Starting from October 16, those banking with Chase UK won’t be able to use their debit cards for cryptocurrency payments, nor initiate bank transfers related to crypto assets. “To help you keep your money safe from frauds and scams, we’re altering the types of payments you can make from Chase,” stated the email sent out to customers. This strategic move is primarily to safeguard customers from the pitfalls and potential risks that come…

In the shadowy corridors of cyberspace, where governments and rogue entities wage silent wars, one name frequently surfaces veiled in enigma: the Lazarus Group. A clandestine operation linked to North Korea, this group has left a digital trail of destruction, siphoned millions from global banks, and unleashed cyber-attacks on critical infrastructures across the world. This investigative report delves into the labyrinth of questions surrounding this cybercrime behemoth, decoding its methods, scrutinizing its impacts, and questioning the global attempts to curb its activities. The Enigma of Lazarus Group Known by various monikers including the Guardians of Peace, Whois Team, Hidden Cobra…

Ethereum co-founder Vitalik Buterin has recently moved 400 ETH, worth approximately $632,000, to centralized exchange Coinbase, sparking a flurry of speculation. Usually, such significant transfers to centralized exchanges are indicative of forthcoming sales. However, this news comes amid declining momentum for Ethereum and flat market sentiments, causing analysts to brace for a potential price drop. Ethereum: A Tale of Declining Whales and Prices Data analytics show that Ethereum’s on-chain activity, sentiment, and prices have been stagnating, failing to move in line with Bitcoin’s recent activity. On the analytical front, @Ali_Charts noted a conspicuous absence of buying pressure from Ethereum whales,…

South Korea’s preeminent cryptocurrency exchange, UpBit, found itself in hot water this Sunday after an unexpected token airdrop blunder. The platform suspended deposits and withdrawals temporarily when it identified what it described as “abnormal deposit attempts,” reportedly caused by a scam token masquerading as Aptos (APT). According to UpBit’s official statement, the exchange was monitoring the flow of APT tokens when it detected this irregular activity. Although services have since been resumed, the company has warned its users to be cautious, especially when trading APT on other platforms. “Pricing disparities could be drastic,” warned the statement. Scam Tokens Misidentified Due…