Author: Dren.H

Binance has withdrawn its crypto custody license in Germany application amid regulatory challenges but plans to reapply after revisions. Binance, the global leader in crypto exchange, recently canceled its pursuit of a crypto custody license in Germany. The crypto giant made this move just a few weeks after indications of possible disapproval from the German Federal Financial Supervisory Authority, commonly known as BaFin. Around the end of June, BaFin allegedly expressed their intent to turn down Binance’s license application. At that time, the nature of BaFin’s response, whether official or verbal, was unclear. Now, it’s confirmed that Binance decided to…

Lacoste, in collaboration with Emperia, launches an innovative virtual store offering exclusive benefits for its UNDW3 NFT holders. The fashion giant Lacoste is on the brink of launching an avant-garde digital shop. This cutting-edge initiative, crafted by Emperia, a leader in retail technology, introduces an immersive shopping journey that blends typical e-commerce features with exclusive benefits for UNDW3 Non-Fungible Token (NFT) owners. The UNDW3 tokens, pronounced as “underwater”, serve as the core of Lacoste’s NFT-based reward system. Entering this virtual marketplace through Lacoste’s established online platform, customers step into the wide-open mouth of Lacoste’s legendary crocodile mascot. They then find…

Prime Minister of Japan and Binance affirm their commitment to Web3, highlighting its transformative potential and planned expansion efforts. Web3, often defined as the next generation of the internet, is catching global attention, with Japan’s Prime Minister Fumio Kishida recognizing its potential to transform capitalism and stimulate societal evolution. In his WebX conference opening speech in Tokyo, Kishida emphasized Japan’s commitment to nurturing the Web3 sector. Moreover, on the same day, Changpeng Zhao, CEO of Binance, revealed the cryptocurrency exchange’s imminent expansion to Japan. Japan’s Vision: Embracing Web3 as the New Face of Capitalism The WebX conference in Tokyo served…

Kartoon Studios’ Stan Lee NFT collection swiftly sold out, achieving a remarkable 500% value increase despite a tepid NFT market. On Monday, July 24, Kartoon Studios witnessed a remarkable reception for its Stan Lee NFT collection. Celebrating what would’ve been the legendary comic creator’s centenary, the first phase of the Stan Lee digital assets universe sold out almost immediately. This instant demand showcases the robust appetite for high-profile virtual assets, even as the NFT market struggles to regain its footing. Stan Lee, the creator of globally beloved superheroes such as Spider-Man, the Hulk, and Iron Man, continues to command a…

Worldcoin launches its decentralized token, promising privacy-preserving online human identification, amid diverse reactions from the crypto community. The high-profile cryptocurrency project, Worldcoin, has announced the release of its new ecosystem token. This move is set to revolutionize online identity verification by offering a decentralized and private solution. The groundbreaking initiative is a result of the concerted efforts of Sam Altman, OpenAI CEO, and the Worldcoin team. Since its launch on July 24, the project has been a subject of passionate debates across the crypto community and Silicon Valley. Despite the controversial reactions, the primary objective of Worldcoin remains the same:…

Meme coins are thriving, with Hollywood themed tokens Barbie and Oppenheimer drawing significant attention in the crypto scene. Meme coins, inspired by internet culture and popular memes, have brought a delightful twist to the crypto world. While they still offer the same anonymous transactions and full control over digital assets, they come with an added dash of fun and community spirit. The year 2023 has seen a surge in the trading volumes of meme coins, proving they’re more than just a humorous distraction. Among these digital currencies, Pepe Coin and Shiba Inu have gained particular prominence. Pepe Coin, riding on…

The latest Melania Trump latest NFT collection, featuring NASA Apollo 11 image, potentially breaches the space agency’s strict image usage rules. Melania Trump, the former First Lady, has found herself in a potential entanglement with NASA, the federal space agency, due to her latest Non-Fungible Token (NFT) release. A report from Gizmodo brought attention to an apparent infringement of NASA’s image usage policy. The NFT, aptly named “Man on the Moon,” went live this past Wednesday. The digital art piece gives center stage to the world-renowned photograph of astronaut Buzz Aldrin during the historic 1969 Apollo 11 moon landing, an…

TRM Labs reports growing evidence of crypto use, specifically Tether on the Tron network, by ISIS supporters in Asia. The rise of cryptocurrency use by ISIS and its supporters across Asia became evident in recent reports by the United Nations and the US Treasury Department. Complementing these findings, TRM Labs has discovered an escalating amount of on-chain proof in the last year, indicating that pro-ISIS networks in countries such as Tajikistan, Indonesia, Pakistan, and Afghanistan, utilize cryptocurrencies for their operations. The primary transactions linked with these cases were executed using Tether (USDT) on the Tron network (TRX), a pattern TRM…

Ripple is seeking a UK crypto asset firm license, prompted by clear UK regulations and its partial SEC victory. Ripple, a frontrunner in digital payment solutions, has set its sights on expanding its global footprint. The company is seeking to secure a crypto asset firm license with the Financial Conduct Authority (FCA) in the United Kingdom. Furthermore, this new venture follows Ripple’s half-victory against the U.S. Securities and Exchange Commission (SEC), which stirred a buzz in the crypto community. Ripple’s battle with the SEC saw the company gaining partial favor, with XRP, Ripple’s native token, categorized as a security for…

The UK Financial Services Minister, Andrew Griffith, rejects the proposal to regulate crypto as gambling, advocating alignment with global standards. Britain’s Financial Services Minister, Andrew Griffith, has strongly disagreed with suggestions that cryptocurrencies should be regulated as gambling. This recommendation came from the Parliament’s Treasury Select Committee in a report released earlier in May. They suggested that regulation of cryptocurrencies, such as Bitcoin and Ether, as gambling could help mitigate the considerable consumer risks associated with these unbacked assets. However, Griffith expressed the country’s desire to become a global leader in cryptocurrency and blockchain technology, making it clear that the…