Crypto Bytes: Top 10 Breaking News from Cryptoverse 

  • KuCoin launches KuCard, the first cryptocurrency debit card that will offer Apple Pay to its users.
  • The RARI Chain mainnet on Arbitrum has been made available by the RARI Foundation. Utilising an Orbit chain and the Arbitrum Nitro tech stack, RARI Chain is built with Caldera and offers the novel capability of inserting royalties at the sequencer level.
  • Crypto lender Nexo has filed a lawsuit in Bulgaria, claiming it was forced to abandon its plans for a US stock market listing and a football sponsorship deal due to an abandoned criminal investigation. Nexo is demanding $3 billion in damages.
  • The automated SHIB token-burning procedure has begun, as announced by the Shiba Inu team. For comprehensive testing and optimisation, the automatic burn process is scheduled to start on the Puppynet testnet.
  • Cryptocurrency exchange Coinbase announced that users will be able to create non-custodial cryptocurrency wallets. It will be an enterprise-grade solution built on Coinbase’s Wallet-as-a-Service technology.
  • FTSE Russell and Hong Kong-based digital asset fund manager HashKey Capital have released three cryptocurrency indices. The goal of HashKey Capital and FTSE Russell, a London Stock Exchange (LSEG) division, is to facilitate traders’ ability to monitor numerous assets at once.
  • The most recent study from blockchain analytics company Chainalysis shows that, even though they increased their efforts and broadened their targets in 2023, hacking organisations associated with the Democratic People’s Republic of Korea (DPRK) stole less cryptocurrency.
  • According to a recent survey, about 70% of crypto conversations went outside FINRA’s criteria. The results show that since late 2022, around 70% of communications have broken FINRA Rule 2210, which regulates broker-dealer contacts with the public.
  • Elwood Technologies, a cryptocurrency platform funded by Goldman Sachs, declared on Wednesday that it had received regulatory approval to operate as a service provider. Elwood’s security token and derivatives execution technology is approved by the Financial Conduct Authority.
  • Tokenized securities have been introduced into the Cosmos ecosystem by Noble in collaboration with Hashnote. USYC is the first product of the partnership; it is a short-duration fund that holds US Treasury bills.

 Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.

Author: Mehar Nayar

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