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North Korea Is Developing Own Crypto to Circumvent US Sanctions

North Korea has always been suspected for either indirectly or directly funding weapons or involve in some powerful projects of mass destruction using virtual currencies. The nation was recently accused of stealing cryptocurrencies worth $2 billion to facilitate the development of deadly weapons. Japanese and South Korean exchanges were mainly targeted for the theft, and … Continue reading North Korea Is Developing Own Crypto to Circumvent US Sanctions

Institutional Bitcoin Index Launched by MVIS and CryptoCompare

MVIS, the MV Index Solutions, the indexing division of VanEck, a US-based asset manager, partnered with CryptoCompare, a cryptocurrency market data provider, and launched the MVIS CryptoCompare Institutional Bitcoin Index, with the ticker: MVIBTC. This Bitcoin index is built with the aim of monitoring and measuring the market performance of cryptocurrency as regards Bitcoin investment … Continue reading Institutional Bitcoin Index Launched by MVIS and CryptoCompare

Hong Kong-listed Entertainment Firm HMVOD to Accept Bitcoin for Membership Subscriptions in October

In Hong Kong, a listed online entertainment platform, HMVOD, will accept Bitcoin to pay for membership subscriptions in October. HMVOD Limited (Stock code: 8103.HK) released a voluntary announcement on Hong Kong Exchange platform Tuesday night of local time, saying that customers can pay their monthly membership fees in Bitcoin starting from early October. In the … Continue reading Hong Kong-listed Entertainment Firm HMVOD to Accept Bitcoin for Membership Subscriptions in October

Bitcoin’s 30-Day MVRV Shows BTC UnderBought

Bitcoin (BTC) has made significant strides this quarter because it set a new all-time high (ATH) price of $66,900 on October 20 after 189 days of waiting. Nevertheless, this steam has dried up a bit because the top cryptocurrency has been consolidating between the $60K and $63K ever since. Therefore, this pullback is making Bitcoin … Continue reading Bitcoin’s 30-Day MVRV Shows BTC UnderBought

Binance Taps MVP License from Dubai Virtual Assets Regulatory Authority

Binance Exchange, the world’s largest digital currency trading platform by trading volume, has announced it has tapped the Minimal Viable Product (MVP) license from Dubai’s Virtual Asset Regulatory Authority (VARA). This latest license precedes the Provisional License it was granted earlier this year, and with the MVP designation, it is set to expand its service … Continue reading Binance Taps MVP License from Dubai Virtual Assets Regulatory Authority

Binance Labs to Invest in 7 Startups from the MVB Accelerator Program

Binance Labs, the incubation and Venture Capital arm of Binance Exchange, has announced it will invest in 7 startups under the Season 5 of The Most Valuable Builder (MVB) Accelerator Program. Co-led by the BNB Chain, the MVB program focuses on helping innovative projects establish their brands on the BNB Chain. While the current iteration … Continue reading Binance Labs to Invest in 7 Startups from the MVB Accelerator Program

The California DMV is set to digitize car titles and title transfers

The Department of Motor Vehicles (DMV) in the state of California is conducting experiments with the use of a private Tezos blockchain to facilitate the digitalization of vehicle titles and title transfers. The move is being made as part of a cooperation between the California Department of Motor Vehicles (DMV), the blockchain software company Tezos, … Continue reading The California DMV is set to digitize car titles and title transfers

Dubai regulator grants Crypto.com MVP preliminary license

Dubai’s Virtual Asset Regulatory Authority has granted Crypto.com a preliminary license for a minimum viable product (MVP), according to Crypto.com (VARA). Following getting preliminary approval from the Dubai administration in 2022, the exchange was issued this license for preparatory activity. During the preparatory phase, the MVP license enables the exchange to comply with the VARA … Continue reading Dubai regulator grants Crypto.com MVP preliminary license

Binance Secures First Operational MVP License from Dubai's VARA

Binance has achieved a milestone by becoming the first crypto exchange to receive an Operational MVP License from Dubai’s Virtual Assets Regulatory Authority (VARA). This license enables Binance to offer regulated virtual asset exchange services in Dubai, affirming its commitment to compliance and collaboration with local regulators. The Operational MVP License was granted to Binance’s … Continue reading Binance Secures First Operational MVP License from Dubai's VARA

Binance Labs Invests in AltLayer, KiloEx, Kinza, and Sleepless AI as Part of the MVB Program

Binance Labs, the venture capital and incubation arm of Binance, has announced its investment in four top-performing projects from the sixth season of its Most Valuable Builder (MVB) program. The announcement was made on Binance’s official blog, and the investment is aimed at growing the BNB Chain ecosystem. The four projects selected for investment are: … Continue reading Binance Labs Invests in AltLayer, KiloEx, Kinza, and Sleepless AI as Part of the MVB Program