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The UK government will launch its own NFT in a bid to adopt Crypto technology
The UK government is experimenting with digital collectibles as it strives to turn its economy into a global hub of crypto assets. In a speech at the Global Innovate Finance Summit, UK Treasury Economic Secretary John Glen said the country’s currency provider has been instructed to create a non-fungible token (NFT). “The Chancellor asked the…
Nansen launches encrypted messaging app for Web3
Blockchain analytics platform Nansen has launched and released its latest product, one that is a little different than what it has been offering in recent years: a Web3-based encrypted messaging app. Dubbed Nansen Connect, the app is designed with end-to-end encryption for messages, just like Telegram and Signal. The app is unique in that it…
Bitfinex will offer ETH split tokens
Bitfinex Offers New Chain Split Tokens Ahead of Ethereum Merge. iFinex, the company behind Bitfinex Derivatives, has announced the launch of a new service offering available to users ahead of the expected Ethereum Merge. The exchange now offers Ethereum chain split tokens. Bitcoin, Ether win with most of the top 10 cryptocurrencies. Bitcoin gained along…
FTX US Closing In on $240,000,000 Deal To Buy Crypto Lending Platform BlockFi
FTX US is close to acquiring US-based lending platform BlockFi in a deal worth hundreds of millions of dollars. According to BlockFi CEO Zac Prince, pending shareholder approval, the lending platform has reached an agreement with FTX US for a $400 million revolving credit facility plus an option to acquire BlockFi at a variable price…
Uzbekistan Moves to Block Foreign Cryptocurrency Exchanges
Authorities in Uzbekistan are restricting access to online crypto trading platforms based outside the country and not registered under its laws. A presidential decree obliges citizens and local companies to only use digital asset exchanges licensed by the government of the Central Asian nation. Uzbekistan Takes Steps to Prevent Crypto Trading and Custody on Foreign…
Korean regulator takes action against 16 foreign cryptocurrency exchanges
South Korea’s financial intelligence unit is cracking down on 16 foreign cryptocurrency exchanges for operating illegally in the country. “For illegal business activities by unregistered entities, a maximum of 5 years imprisonment or up to KRW 50 million fines can be imposed,” the regulator said. 16 foreign cryptocurrency exchanges flagged by the South Korean regulator…