Open Financial News

Ronin (RON), Ethereum (ETH) sidechain built specifically for the play-to-earn game Axie Infinity (AXS), will soon re-open a bridge used to transfer assets to the chain after it was halted following a major hacking incident in March this year.

Aside from the buzzing neologism of Web3, there is a bit less catchy but hardly less important concept of Industry 4.0, which includes the new and revolutionary drivers of the next generation’s industrial landscape. And, especially when it comes to the energy sector, blockchain lies at the heart of these technologies. 

There is not enough liquidity in centralized and decentralized exchanges combined for the troubled crypto lender Celsius to sell their Lido staked ethereum (stETH) tokens on the open market, leaving over-the-counter (OTC) transactions as the only option, according to digital assets data provider Kaiko.

In addition to its swift advances toward regulating crypto mining, Kazakhstan will launch a pilot project for crypto exchanges in the special economic zone of Astana International Finance Centre. 

Rafael Nadal pulled away to beat Casper Ruud 6-3, 6-3, 6-0 in the French Open final on Sunday for his 14th championship at Roland Garros and 22nd Grand Slam title overall, adding to two records he already owned.

ODI) route to bet on cryptocurrencies abroad with the liberalised remittance facility (LRS) — the customary window for offshore investments by wealthy residents — shut for these exotic digital assets. These ultra-high net worth individuals are using a non-banking finance company — preferably an existing local entity — to sponsor an overseas investment company, a wholly-owned subsidiary, in a financial centre like Dubai. The funds used to capitalise this foreign arm is invested in securities and assets abroad, including cryptos sold on trading platforms outside India. «Unlike the LRS Scheme which restricts direct investment in the financial services sector overseas, the ODI scheme permits regulated financial services companies to invest in the financial services sector under approval route. Such investment is subject to prior approval from the relevant financial regulators in India and overseas. Once a duly approved overseas direct investment is made in a financial services company overseas, such entity should be able to undertake business in accordance with the laws applicable in the relevant overseas jurisdiction,» said Moin Ladha, partner at the law firm Khaitan & Co.

Disclaimer: The text below is a press release that was not written by Cryptonews.com.

Bitcoin (BTC) fell in line with United States equities on May 31 as the return of Wall Street began with a whimper.

The Japanese Prime Minister Fumio Kishida has indicated that he may be open to reforming the nation’s much-maligned crypto tax laws in a bid to spark Web3-related growth.

MoneyGram International, one of the world’s largest cross-border transfer services, is partnering with the Stellar blockchain to create a stablecoin-based platform for money transfers. The new service will allow Stellar wallet users to send Circle’s USD Coin (USDC) to recipients, who will be able to cash them out for fiat currency through the MoneyGram network.

One of the world’s biggest cryptocurrency exchanges, Binance, strengthened its European presence by obtaining registration and regulatory approval in Italy. A Binance company had previously registered to operate in France at the beginning of May. 

Bitcoin (BTC) stayed glued to $30,000 on May 23 as the start of Wall Street trading failed to spark volatility.

Aave (AAVE) has announced a new project called the Lens Protocol that focuses on helping developers build social networking decentralized applications (DApps) on the Polygon blockchain. 

“You get regulated!”

Ethereum investors continue to show faith in their loved altcoin even after the recent crash. Despite the macro headwinds, ETH is now ranging above $2,000 repaying the faith of the investors.

A former board member of FTSE 250 listed asset manager Jupiter wrote a scathing letter to its current chair claiming the company has “lost its way” and the appointment of Andrew Formica as chief executive in 2019 was “a mistake”.

A former board member of FTSE 250 listed asset manager Jupiter wrote a scathing letter to its current chair claiming the company has “lost its way” and the appointment of Andrew Formica as chief executive in 2019 was “a mistake”.

A former board member of FTSE 250 listed asset manager Jupiter wrote a scathing letter to its current chair claiming the company has "lost its way" and the appointment of Andrew Formica as chief executive in 2019 was "a mistake".

Coinbase's non-fungible token (NFT) marketplace is finally open to all users.

The Dubai Virtual Asset Regulatory Authority, or VARA, has purchased land in the virtual reality world The Sandbox (SAND) as part of its plans to set up a metaverse headquarters.

LGT Group, a top family-owned private banking and asset management group, is moving into cryptocurrency by launching Bitcoin (BTC) and Ether (ETH) investments at LGT Bank in Liechtenstein.