A Class 3 VFAA license would allow Socios.com to provide any digital asset service and hold or control clients’ assets as they provide a virtual financial asset service.  Chiliz has announced that its SportsFi platform Socios.com received in-principle approval from the Malta Financial Services Authority (MFSA) for a license allowing it to provide digital asset...Continue Reading

BTC price trajectory appears all but destined for six figures in the mid term — despite nearly eight months of Bitcoin market consolidation. Bitcoin (BTC) is only in the initial stages of a bull run and a $100,000 BTC price may come in as soon as three months. In his latest market analysis on Oct....Continue Reading

Cardano Foundation chief technology officer Giorgio Zinetti told Cointelegraph that centralized authority is good for speed, but decentralized governance would give long-term sustainability.  While decentralized governance reflects the ethos of Web3 systems, a Cardano Foundation executive recognized that there are also challenges that need to be addressed in implementing a truly decentralized system.  Cardano Foundation...Continue Reading

Ethereum daily fees hover between $1 million to $5 million — far less than the $30 million that was consistently reached throughout 2021 and 2022. Fears that Ethereum layer 2 scaling solutions are eating into the mainnet’s revenue and could impact price may be a bit premature, says an industry analyst. “It is much too...Continue Reading

South Korea’s finance minister, Choi Sang-Mok, says the country will introduce reporting mandates on cross-border crypto transactions to combat foreign exchange crime. South Korea is reportedly planning to increase its oversight of cross-border transactions involving cryptocurrencies in a bid to combat tax evasion and “foreign exchange” crimes, according to the country’s finance minister, Choi Sang-Mok,...Continue Reading

A United States appeals court said a federal court was right to toss Ali Sedaghatpour’s lawsuit claiming that his insurer, Lemonade Insurance, should cover him for a crypto scam loss. A homeowner’s attempt to sue his insurer for failing to cover his $170,000 loss to a crypto scam has failed in a United States appeals...Continue Reading

The Ethereum FUD fires are burning hotter than ever as Ether has fallen against Bitcoin and Solana while developers are fighting the flames.  Ethereum fear, uncertainty, and doubt (FUD) have spiked again amid an apparent rotation into Solana (SOL), while ETH price in terms of BTC has fallen to its lowest level for three and...Continue Reading

The Dutch government wants to align its data collection rules for crypto service providers with the rest of the EU, saying it would “create more transparency.” The Dutch government has asked for public input on proposed laws that would require crypto service providers, such as exchanges, to collect and share user data with the local...Continue Reading

Thailand is shifting focus to a more mature institutional-focused crypto market, according to the chief executive of Binance Thailand. The digital assets market in Thailand is undergoing a transition from retail to institutional as the country aims to become Southeast Asia’s fintech hub, says the CEO of Binance Thailand. A recent regulatory move by Thailand’s...Continue Reading

The Singapore-based crypto exchange says the new security initiative dubbed “ShieldX” will help prevent future exploits and better safeguard user assets.  Singapore-based cryptocurrency exchange BingX says it’s launching a new initiative dubbed “ShieldX” after falling victim to a hot wallet exploit that stole $52 million from the firm in September.  In an Oct. 24 statement,...Continue Reading