Crypto startup and AI trading platform Launchpad XYZ has secured over $1.85 million through its ongoing crypto presale ahead of its anticipated platform launch in 2023. The company plans to offer a comprehensive range of services, from educational courses for crypto beginners to advanced trading tools and an NFT marketplace and…

The Chinese central bank has claimed that its program of digital yuan giveaways is helping to drive up CBDC adoption.According to the state-run newspaper the People’s Daily, the Digital Currency Research Institute, the central People’s Bank of China (PBoC)’s dedicated digital yuan arm, has claimed the vast majority of CBDC…

AVAX, the native token that powers high throughput layer-1 blockchain protocol Avalanche, has pumped another 5.5% on Friday, takings its gain on the week to close to 10%, as the launch of a new SocialFi (web3 social media platform) called Stars Arena on its blockchain generates hype.As per CoinGecko, AVAX…

Switzerland-based blockchain protocol Backed Finance has launched the first-ever tokenized government bond on the Base network. Culled from BlackRock’s iShares bond exchange-traded fund (ETF) UCITS, this financial instrument will be identified by the ticker symbol blB01. It represents a tokenized short-term US Treasury bond ETF, allowing investors to monitor the underlying asset’s…

In light of recent data showcasing a remarkable surge in US nonfarm payrolls, the cryptocurrency realm, particularly Bitcoin (BTC), seems to be set on a trajectory of its own. The employment figures for September 2023 have come in at a stellar 336K, easily surpassing the revised August count of 227K and…

Taiwan legislators are working towards presenting the country’s first crypto regulatory bill in November 2023, according to an exclusive interview granted to the Block’s Timmy Shen.Parliament member under the Yuan’s arm, Yung-Chang Chiang, stressed the need for a special law to guide cryptocurrency trading and other activities in the country…

Komainu, a digital asset custody service, has announced its custodial approval from the UK Financial Conduct Authority (FCA).This regulatory approval allows the company to function as a custodial wallet provider in accordance with the 2017 regulations on money laundering, terrorist financing, and the transfer of funds.According to a press release…

FloorDAO, a crypto group focused on NFT finance, has split into two separate entities due to disagreements among investors. The project, which aims to develop products for “NFT-Fi,” transferred over $2.5 million from its treasury, consisting of crypto tokens and NFTs, to a splinter group called FloorkDAO. The group is controlled by…

Hong Kong is considering measures to restrict retail stablecoin trading for individual investors in response to the increasing adoption of cryptocurrencies, as stated by a local official. It is important to note that retail stablecoin trading is currently not permitted in Hong Kong.As reported by a local news agency, Ming…

Bitcoin has been making waves in the cryptocurrency market recently, with speculations suggesting that the leading cryptocurrency might be on track to reach $28,435 by the middle of October. Recent forecasts posit that Bitcoin could touch a noteworthy value of $28,435 by mid-October, representing a prospective 9% uptick. This optimistic projection gains…