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CoinArth is your portal to all the banter around crypto news, developments and the current & upcoming trends, providing you the most meaningful crypto insights!

20/03/2023

Taiwan’s Financial Supervisory Commission will be the main overseer of crypto currencies on the island, the head of the regulator said on Monday.

Huang Tien-mu told lawmakers in parliament that the Financial Supervisory Commission will initially be responsible for the supervision of payments and transactions, but will not cover NFTs, or “non-fungible tokens”.

09/03/2023

Yuga labs is facing backlash due to its plans to auction the new BTC NFT collection. Bidders are required to send bid amount to a BTC wallet & unsuccessful bidders would get funds back. Crypto community has called it a scammer’s dream.

08/03/2023

According to $21 Mn. was stolen by attacks & exploits across 7 platforms in Feb, the largest of which was flash loan reentrancy attack on Platypus Finance leading to $8.5 Mn. in lost funds. This was followed by the attack on BonqDAO that lost $1.7 Mn.

08/03/2023

ByBit announced it would suspend USD deposits via Wire Transfers by Mar 10 for customers due to service outages from end-point processing partner. Users can withdraw/deposit from wallet addresses. delayed filing its annual report with the .

07/03/2023

The new Bitcoin ecosystem is expected to balloon to $4.5 bn by 2025. A report released by Galaxy Research also states that demand for storing NFTs on the oldest and most established blockchain will increase.

05/03/2023

NearProtocol has launched the Blockchain Operating System, a singular platform for developers to build, for users to browse & discover Web 3 products including crypto exchanges, NFT galleries & social networks!

04/03/2023

Silvergate Bank, banker to big name crypto firms like Coinbase, Crypto.com, etc stated that it would review its books with auditors. Most major clients have announced suspension of business with the beleaguered bank!

04/03/2023

. , the stabelcoin introduced by has been listed on . EUROC is pegged to Euro & is fully backed by equivalent amount in EUR-denominated accounts. It also ppears to be the first Euro stablecoin to be fully supported by .

03/03/2023

US SEC is more focused than ever on developing it's unit & increase enforcement. The regulator has almost filled 20 slots that it had originally planned & further aims to strenghthen the newly launched Crypto Assets and Cyber Unit.

03/03/2023

Polygon launched it's much anticipated zero-knowledge ID protocol with launch partners & . Developers can use these ID service to provide deficated content for verified users & fulfill regulatory compliance requirements.

03/03/2023

Ras Al Khaimah is set become the home of cryptocurrency companies in the UAE. With the launch of Ras Al Khaimah Digital Assets Oasis, the government aims to attract organizations working on virtual wallets, Web3, Metaverse, NFTs & more.

02/03/2023

Solana may become one of the toughest Eth competitors among layer-1 blockchains despite setback from FTX collapse in terms of market sentiment, says new . Competition lies on gaining more captial & users for the smart contract platform.

01/03/2023

‘Base’, the Ethereum layer-2 will be the new home of Coinbase’s on-chain products & grow as open ecosystem for new dapps. of ‘ ’ has been active since start of Feb & mainnet is slated to launch in next few months, stated Jesse Pollak, Sr. Director of Engineering.

28/02/2023

DeFi platform Oasis exploited its own wallet after receiving green signal from law enforcement agencies to retrieve assets stolen during a wormhole attack, deemed one of the biggest hacks

28/02/2023

N. Sitharaman urged members to understand macro-economic effects of crypto assets & work towards developing a coordinated global policy. During the meeting, participants discussed potential of technological innovations, financial stability & regulatory priorities.

28/02/2023

Sanctioned Ransomware Gang Conti has re-branded itself and is operating as 3 groups Black Basta, BlackByte and Karakurt reported TRM Labs, the intel firm. The Cybercrime industry has seen major changes since the start of Russian War in Ukraine.

25/02/2023

The Bank of Israel has published principles for regulating stablecoin activity with an aim to allow the use of stablecoin "while managing the risk inherent in using them, and adjusting the consumer protections and prudential requirements"

The principles were made public on 22 Feb. in line with recommendations made by Ministry of Finance in November. The recommendations mainly cover asset-backed stablecoins which can be used for payments!

24/02/2023

Bosch and Fetch.ai have announced a partnership to form a Web3 foundation named Fetch.ai Foundation for research, development and harnessing Web3 application for real-world use.

The foundation's core tenets are transparency, openness, neutrality, and data and technology sovereignty and is built on a 3-tier governance structure aimed at embracing open-source technology!

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