Exchanges with specific asset levels must obtain an Australian Financial Services License The draft legislation is expected to go out by 2024. A consultative process seeks input from stakeholders and the public on 32 key regulatory themes. In a significant move towards regulating the rapidly expanding cryptocurrency industry in Australia, Australia’s Treasury has unveiled plans to introduce a comprehensive licensing regime for crypto exchanges. The initiative is designed to enhance consumer protection, bring much-needed clarity to the digital asset sector,…

The popularity of the leading meme coin Dogecoin took a strong hit between August and October after some of its miners exited. As a result, many Dogecoin patrons are now flocking to other top altcoins like InQubeta (QUBE).  Powered by Ethereum, InQubeta helps startups working in the field of artificial intelligence find authentic investors for their projects and fast-track their growth journeys. InQubeta’s popularity has been rising even though it’s still in the presale stage. While some feel it’s because…

The Sandbox is one of the most prominent players in the crypto industry. Together with Axie Infinity and Decentraland, the network were the leading players in the gaming and NFT industry at their peak.  The Sandbox users slow Recently, however, the ongoing crypto winter has affected the crypto gaming industry, with prominent platforms seeing slow user metrics. The most recent data by DappRadar shows that the network had just 2.85k Unique Active Wallets (UAW) interact with its platform in the past…

Cryptocurrency prices have been in a deep slumber in the past few weeks as investors move back to stocks and other safe havens like short-term bonds and money market funds. Bitcoin has remained stagnant betweeen $25k and $30k while the total market cap has remained stuck above $1 trillion. Loom Network, Liquity surge Not all cryptocurrencies have remained in this consolidation phase in the past few weeks. As I wrote here, Loom Network price has surged by more than 500% in the…

The luxury carmaker partners with BitPay to facilitate cryptocurrency transactions. Ferrari is responding to growing customer demand and dealer requests. The luxury car maker will start by accepting crypto payments in the US and later Europe. In some interesting crypto news, Ferrari, the iconic luxury sports car manufacturer, has officially announced its plans to accept cryptocurrency payments for its high-end vehicles in the United States. This groundbreaking decision, spurred by increasing customer demand and the rise of digital currency investments,…

FTX Estate stakes $122 million worth of Solana (SOL) tokens. The FTX Estate has strategically delegated 5.5 million SOL with a Solana network validator. The move alleviates concerns about the estate’s potential liquidation of SOL holdings. In a significant move within the cryptocurrency landscape, the FTX estate has staked over 5.5 million Solana (SOL) tokens, amounting to a substantial $122 million, with Figment, a prominent validator on the Solana network as reported by on-chain data from SolanaFM. This development comes…

Cryptocurrencies had another difficult week even as the US dollar index (DXY) and bond yields rally waned. Bitcoin dropped back to $26,000 while Ethereum slumped to the lowest level in months. There was no major news except the ongoing trial of Sam Bankman-Fried (SBF). This article looks at some of the top coins to watch like THORChain (RUNE), Loom Network (LOOM), and Lido DAO (LDO). Loom Network price prediction Loom Network price has defied gravity in the past few months.…

Stellar (XLM) price was changing hands around $0.10 on Friday, down 7% and 15% in the past 7 and 30 days respectively.  The Stellar Development Foundation has teamed up with Certora to boost security for Soroban. Stellar (XLM) price traded around $0.10 on Friday morning, positive by about 1.3% in the past 24 hours but -7% and -15% in the past seven and 30 days respectively. The downward trend that has held since the flip from highs of $0.20 on…

Tether says Paolo Ardoino will officially take up the CEO role from December 2023. Ardoino will continue as Bitfinex CTO and chief strategy officer for Holepunch. Meanwhile, exiting CEO Jean-Louis van der Velde, becomes an advisor and remains CEO of Bitfinex. Tether news just in is that the company’s Chief Technology Officer Paolo Ardoino has been appointed as the new CEO, with the new role effective as from December 2023. Ardoino will continue as Bitfinex CTO and Chief Strategy Officer…

Miami Beach, United States / Florida, October 13th, 2023, Chainwire $Garbage, the world’s first garbage-themed meme coin, is taking the crypto world by storm. With a unique storyline backed by a mutual distaste for the current course of modern affairs, The company hopes that $Garbage will quickly become one of the most popular and talked-about crypto projects in the world. “Crypto gets a bad rap”, said an anonymous team member for the whale-backed $Garbage project. “But let’s face it –…