In this comprehensive article, we delve into the key Web3 developments that took place in March 2024. Our aim is to provide you with an in-depth overview of the current state of the ecosystem, focusing on the performance of the…
Triple-A Adds PayPal Stablecoin to Payment Options in Singapore
Triple-A, a leading payments company based in Singapore, is set to enhance its payment services by including PayPal’s stablecoin among the list of tokens accepted for merchant payments. As the first licensed crypto payments company in Singapore, Triple-A has been…
Polygon Labs CEO condems Ethereum Layer 3 network as Degen Chain mints millionaires
Farcaster’s parent company’s aim for a high valuation has significantly benefited early Degen Chain adopters, with some seeing their investments skyrocket. Degen Chain, notable for its use as an L3 chain and the volume of meme coin trading it facilitates,…
Binance Returns to India After Two-Year Ban and Pays $2 Million Penalty
Binance, is making preparations to re-enter the Indian market. Following a temporary ban imposed by the government earlier this year, Binance has taken significant steps to address compliance concerns and rebuild its rapport with Indian authorities. Insider reports indicate that…
BytePlus Teams Up with Sui to Enhance Gaming and Social Apps Through Blockchain Integration
BytePlus, the technology solutions subsidiary of ByteDance, is making a significant foray into the realm of blockchain with the introduction of its latest innovation, Sui. In collaboration with Mysten Labs, BytePlus is set to integrate its state-of-the-art recommendation solutions, augmented…
Stablecoin Bill Gains Unexpected Support from Senate Chair Sherrod Brown
Sherrod Brown, the Senate Banking Committee chairman and a known critic of cryptocurrencies, has expressed openness to advancing a long-delayed bid for stablecoin legislation. This unexpected support from Brown, a Democrat representing Ohio, has the potential to significantly enhance the…
US Senators Cynthia Lummis and Kirsten Gillibrand Propose Bipartisan Legislation for Payment Stablecoins
US senators Cynthia Lummis and Kirsten Gillibrand have joined forces to introduce a groundbreaking bipartisan legislation known as the Lummis-Gillibrand Payments Stablecoin Act. The primary objective of this proposed law is to establish a clear regulatory framework for payment stablecoins…
Former Bitmex CEO on Bitcoin Halving Impact, Predicting Slump in Crypto Prices
In a recent Medium post, former Bitmex CEO Arthur Hayes shared his insights on the upcoming bitcoin halving event and its potential impact on crypto markets. Hayes expressed his belief that bitcoin and crypto prices, in general, will experience a…
High Stakes Trial of Avi Eisenberg Involves Alleged 110 Million Dollar Theft from Mango Markets Crypto Exchange
In the high-stakes trial of Avi Eisenberg, a 28-year-old trader, federal jurors in New York were presented with divergent narratives regarding his alleged manipulation of the Mango Markets cryptocurrency exchange, resulting in the theft of a staggering $110 million. The…
What is Bitcoin Halving? Impact on April 19th Halving and Significance to the Bitcoin Ecosystem
The Bitcoin halving is a recurring, periodic event programmed into the Bitcoin protocol, designed to ensure its scarcity and, by extension, its value over time. Each halving reduces the number of new Bitcoins emitted as mining rewards for each new…