.@Solana may become one of the toughest Eth competitors among layer-1 blockchains despite setback from FTX collapse in terms of market sentiment, says new Coinbase #Analysis. Competition lies on gaining more captial & users for the smart contract platform.

#Coinarth #crypto

Ras Al Khaimah is set become the home of cryptocurrency companies in the UAE. With the launch of Ras Al Khaimah Digital Assets Oasis, the government aims to attract organizations working on virtual wallets, Web3, Metaverse, NFTs & more.

#Coinarth #Cryptonews #UAE #Web3

‘Base’, the #ethereum layer-2 will be the new home of Coinbase’s on-chain products & grow as open ecosystem for new #dapps. Testnet of ‘Base’ has been active since start of Feb & mainnet is slated to launch in next few months, stated Jesse Pollak, Sr. Dir. of Eng.

DeFi platform Oasis exploited its own #wallet after receiving green signal from law enforcement agencies to retrieve assets stolen during a wormhole attack which is deemed one of the biggest hacks.

#Coinarth #Defi #Cryptonews

N. Sitharaman urged members to understand macro-economic effects of crypto assets & work towards developing a coordinated global policy. During the meeting, participants discussed potential of technological #innovation financial stability & #regulatory priorities.

#coinarth

Sanctioned Ransomware Gang Conti has re-branded itself and is operating as 3 groups Black Basta, BlackByte and Karakurt reported TRM Labs, the #blockchain intel firm. The Cybercrime industry has seen major changes since the start of Russian War in Ukraine.

#Coinarth #Cryptonews

The Bank of Israel has published principles for regulating stablecoin activity with an aim to allow the use of #stablecoin "while managing the risk inherent in using them, and adjusting the consumer protections and prudential requirements"

#Coinarth #Cryptonews

Bosch and Fetch.ai have announced a partnership to form a #Web3 foundation named Fetch.ai Foundation for #research, #development and harnessing Web3 application for real-world use. The core tenets are transparency, openness, neutrality and technology sovereignty!

Reddit co-founder @alexisohanian had purchased 50,000 #Eth during pre-sale for a total of $15k & started a crypto firm using profits from it. He is a big supporter of self-custody & handles keys for his most valuable #crypto investments!

#Coinarth #Reddit #Cryptonews

Almost 98% of #BTC spot transactions took place on @binance between 18 & 19 Feb. With a volume of $6.8 Billion, #Binance dominates the market which has been the trend since the downfall of FTX and has seen over 5% growth since Jan. 2023

Hong Kong aims to become Asia's premier hub for #cryptocurrency trading as HK Securities & Futures Commission stated that #BTC     & #ETH would be available to retail investors. Crypto exchanges operating in HK also need to be licensed by the SFC.

#coinarth #cryptoregulation

Cybersecurity firm Darktrace appointed EY to review 'Key financial processes & controls' after allegations by Quintessential Capital Mgmt. stated it was unsure of validity of Darktrace's financial statements that may have overstated sales & growth rates.

#coinarth #cryptonews

Financial Stability Board (FSB) will release regulations around stabelecoins in July '23. The aim would be to strenghten #Stablecoins governance frameworks, redemption rights and stabilization mechanisms.

#coinarth #Cryptonews #cryptoregulation

The SEC is tightening it's noose around firms that offer unregistered assets to their customers. The #SEC chair has termed it as reigning in the 'Wild West' of #Cryptocurrency .

The latest exchanges to be targeted are big names like Gemini & Kraken!

#Coinarth #Cryptonews

.@hub71ad, an Abu Dhabi based tech ecosystem started a $2 Bn. initiative to support #Web3 & #blockchain based start-ups in the Middle East. The aim is to broaden the reach of start-ups to potential partners in the government and private arenas!

#coinarth #cryptonews