Author: Editorial team -CoinShastra
Hong Kong Legislator Encourages Coinbase to Set Up Operations Despite SEC Scrutiny
BOCI, the investment bank of the Bank of China, has achieved a significant first by becoming the first Chinese financial institution to issue a tokenized security in Hong Kong. BOCI…
Ethereum Developers Propose Significant Increase in Validator Limit to Address Waiting Times
Ethereum developers are considering a substantial increase in the validator limit on the network to alleviate prolonged waiting times for users. Currently set at 32 ether ($ETH), the proposal suggests…
Bybit Receives Approval to Operate in Kazakhstan
Bybit, a leading cryptocurrency exchange, has received “in-principle” approval from the Astana International Financial Centre to commence operations in Kazakhstan. This approval allows Bybit to function as a digital asset…
EU Watchdog Urges Restricting Leverage in Crypto Trading to Safeguard Financial Stability
In an effort to safeguard financial stability and mitigate potential systemic risks, a European Union (EU) watchdog has called for the implementation of leverage limits on crypto assets. The European…
Jimbos Protocol Falls Victim to Hack, Losing $7.5M in Ether
Decentralized finance (DeFi) platform Jimbos Protocol has become the latest victim of a hacking incident, resulting in a significant loss of funds. The attack took place on May 28, targeting…
SEC Files Lawsuit Against Binance and CEO CZ, Citing Violations of Securities Rules
In a significant move by the United States Securities and Exchange Commission (SEC), the regulatory agency has initiated legal action against Binance, the world’s leading cryptocurrency exchange, as well as…
JPMorgan Collaborates with Six Indian Banks to Forge a Blockchain-Based Platform for Interbank Dollar Transactions
In a significant development for the Indian banking sector, JPMorgan Chase & Co., the renowned American multinational financial institution, has joined forces with six major Indian banks to establish a…
Philippines Takes Prudent Approach in Delaying Crypto Framework Publication
In a move to prioritize investor protection and thorough research, the Philippines’ financial regulator has decided not to rush the publication of a legal framework for the crypto industry, which…
Hong Kong Set to Allow Retail Traders to Enter Crypto Market, Boosting Industry Growth
Hong Kong is poised to announce the conclusion of its consultation on a new initiative that will enable retail investors to trade cryptocurrencies. According to reports, the Securities and Futures…
MicroStrategy’s Michael Saylor Foresees Bitcoin’s Price Surge and Industry Focus on BTC
Renowned for his bullish stance on Bitcoin, Michael Saylor, the co-founder of MicroStrategy, predicts that the crypto industry will inevitably shift its focus toward Bitcoin. In an interview with Bloomberg,…
UK Crypto Promotions to Carry Warning Labels as Finance Watchdog Implements New Rules
In a bid to protect consumers, the Financial Conduct Authority (FCA) of the United Kingdom is set to introduce stricter regulations on cryptocurrency promotions. These rules, effective from October 8th,…
Tron’s $TRX Makes Waves: Now Live on Ethereum via BitTorrent Bridge, Boosting Liquidity and Fueling DeFi Growth
Tron founder Justin Sun has made an exciting announcement, revealing that the $TRX cryptocurrency is now accessible on the Ethereum network. This development comes as Tron aims to expand its…
Venezuelan Petro Blockchain Faces Operational Challenges, Alleged Wallet Blockages
The blockchain of the petro, Venezuela’s official cryptocurrency, has encountered operational difficulties, resulting in temporary halts and alleged blockages of hundreds of petro wallets. The issues began with a halt…
ConsenSys Clarifies Misinformation: MetaMask Will Not Withhold Crypto for Taxes
In a recent statement, ConsenSys, the creator of the well-known MetaMask browser-based cryptocurrency wallet, addressed the circulation of inaccurate information regarding the company’s terms of service. Debunking the claim, ConsenSys…
FTX’s Resurrection: FTX 2.0 Revealed, FTT Token Skyrockets 17%
FTX Exchange, once a prominent centralized cryptocurrency platform and the world’s third-largest in July 2021, focused on leveraged products and derivatives. It was established in 2018 by Sam Bankman-Fried, an…
Elon Musk Faces Class-Action Lawsuit Alleging Insider Trading and Dogecoin Manipulation
Elon Musk, the renowned innovator and billionaire, is now entangled in a class-action lawsuit filed by investors who claim he engaged in insider trading and manipulated the price of Dogecoin…