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In compliance with new regulatory requirements, Polish users will have to sign new terms and conditions with Binance Poland, in order to continue using the company's services. Cryptocurrency exchange Binance announced plans on Jan. 18 to enhance its local presence in Poland while remaining compliant with local regulations.  Binance Poland sp. z o.o., Binance’s Polish entity, will adhere to Polish regulatory standards for virtual asset service providers (VASPs), which requires Polish users to sign new terms and conditions with Binance Poland, in order to continue using the company's services.  Witam, Poland # Binance is fully compliant with Polish regulatory standards for virtual asset service provide rs (VASPs). This registration enables # Binance to provide crypto asset exchange and custody service s in the country. — Binance (@binance) January 18, 2023 Kyrylo Khomiakov, Binance's Head of Ukraine and Eastern Europe, stated that the company believes that effective r...

The city of Shanghai is bringing metaverse activities to 20 urban locations, that will allow citizens to use digital tools in different ways according to the area. The initiative is part of a pilot program of the Shanghai Municipal Commission of Economy and Informatization to push more metaverse applications to the population. Shanghai Takes the Metaverse to 20 Urban Spots Shanghai, China is quickly moving to integrate the metaverse as part of the lives of its citizens. The Shanghai Municipal Commission of Economy and Informatization recently announced a pilot program to turn 20 different urban locations into “major metaverse application scenarios,” that will feature digital tech in several ways. The implementation of this tech will cover various social fields, including business operations, education, branding, and entertainment. The city hopes this will allow citizens to receive smarter services from city facilities in these areas. For example, in the area of healthcare...

Meme crypto Shiba Inu's price rallied more than most coins in the top 20 over the past week as the team announced that its Layer 2 network, Shibarium, is set to enter beta launch soon. The developers of the project insist that Shibarium has not been designed as a tool to manipulate the Shiba Inu price, but instead as a platform for achieving the vision and mission of their community. The idea with the new platform is that the community will be able to develop their own projects on their own terms and conditions. The Jan. 15 announcement on the project's blog noted that Shibarium aims to provide faster transaction times, lower fees, and an expanded development framework for the Shiba Inu Ecosystem. "This layer aims, as a protocol, to work on top of existing blockchain networks, allowing for faster, cheaper, and more private transactions to be processed off-chain, while still relying on the security of the underlying blockchain," the team wrote in th...

Join Our Telegram channel to stay up to date on breaking news coverage Polygon has declared its attendance at the next WEF summit in Davos. Co-founder of Polygon gives important forecasts and highlights technologies like NFT and DEFI that are expected to grow in 2023. With new alliances and other tactical actions, Polygon has continued to increase its visibility. In a recent release, Polygon blockchain revealed that it would attend the 2023 World Economic Forum with world leaders . On Twitter, Polygon announced that it would be in attendance at Davos, a well-known Swiss city best known for yearly serving as the site of the World Economic Forum (WEF). Polygon stated that it will be speaking on the Web3 ecosystem and the advantages that Blockchain technology offers the tech sector along with other world leaders. Additionally, Polygon declares its dedication to leading widespread adoption for public blockchain platforms and creating infrastructure that is valuable and available...

The owner of the crypto-themed home has dropped its price by over 20% in a matter of months as they seemingly struggle to sell the house as is. Waning interest in a North Hollywood crypto-themed home A crypto-friendly house in North Hollywood, Los Angeles, is seemingly struggling to sell, as the property has seen its price reduce three times in a little over four months. The so-called “Crypto house ,” as stated on the glowing neon sign in its kitchen, was listed for sale at $1.2 million in October last year. As of Jan. 5, though, it is now fetching an asking price of $949,000. The impressive custom neon sign never lets you forget just where you are. Image: Zillow The four-bed, three-bath home sees the listing agents boasting in the property description of its spacious and flowing floor plan ideal for “savvy investors.” For a perplexing unknown reason, the description leaves out its tasteful wallpaper choices, which include multiple nonfungible tokens (NFTs) from the classic Bored Ape...

The Ethereum scaling blockchain, Polygon, has revealed plans to initiate a hard fork on Jan. 17, 2023. According to the team, the network upgrade will “reduce the severity of gas spikes” and “address chain reorganizations (reorgs) in an effort to reduce time to finality.” Polygon Team Outlines Network Upgrades to Improve User Experience On Jan. 12, 2023, the Polygon team told the community to “get ready for the hard fork” as developers have plans to upgrade the chain on Jan. 17, 2023. “The proposed hard fork for the Polygon PoS chain will make key upgrades to the network on Jan. 17,” the team tweeted. “This is good news for developers and users and will make for better user experience (UX). You will not need to do anything differently,” the developers insisted. Polygon (MATIC) developers have been discussing the upgrade since Dec. 2022. The V0.3.1 Hard Fork aims to reduce gas spikes and address blockchain reorganizations (re...

The U.S. Securities and Exchange Commission (SEC) has charged crypto exchange Gemini and crypto lender Genesis Global Capital, a subsidiary of Digital Currency Group (DCG). “Through this unregistered offering, Genesis and Gemini raised billions of dollars’ worth of crypto assets from hundreds of thousands of investors,” the SEC alleged. SEC Takes Action Against Gemini and Genesis The U.S. Securities and Exchange Commission (SEC) announced Thursday that it has charged Genesis Global Capital LLC and Gemini Trust Company LLC “for the unregistered offer and sale of securities to retail investors through the Gemini Earn crypto asset lending program.” Genesis is part of a subsidiary of Digital Currency Group (DCG). Noting that the investigation is ongoing, the regulator alleged: Through this unregistered offering, Genesis and Gemini raised billions of dollars’ worth of crypto assets from hundreds of thousands of investors. The SEC described that in Dece...

TOKENIK partners with HYVE a Uniswap for work and freelancing, creating uniquely collaborative ecosystems and enhancing freelancing to a whole new level. Users can now send or receive payments in cryptocurrencies for the provision of their services, making collaboration between enterprises and freelancers frictionless. There are 3 different ways users can leverage the HYVE platform: Entreprises searching for specific skills can create a job offer or specific tasks Freelancers will be able to apply to and earn over 100 tokens securely and speedily.  Crypto projects with strong fundamentals can be incubated and launched on top of HYVE’s flexible infrastructure. A perfect solution to get more visibility and build connexions. Artists, Graphic Designers, or any other creative professionals will be able to sell their products, visuals, artworks, or NFTs on HYVE, allowing smooth and secure cryptocurrency transactions. HYVE is a cross-chain project, with its infrastructure present on 4 differe...

Image Source: FTX Former FTX CEO Sam Bankman-Fried has released an extensive Substack article talking about how his crypto empire collapsed, once again putting the blame on rival crypto exchange Binance.  On Thursday, Bankman-Fried published a Substack article titled "FTX Pre-Mortem Overview," where he extensively talked about his group of crypto-related companies and how they failed. Among other things, the disgraced crypto boss continued to argue that Binance had a big role in the collapse of his businesses.  "In November 2022, an extreme, quick, targeted crash precipitated by the CEO of Binance made Alameda insolvent," SBF said, adding that the contagion from Alameda then spread to FTX and other companies. SBF also claimed that Binance CEO Changpeng Zhao (CZ) had run an “extremely effective months-long PR campaign against FTX” leading up to the fateful few days in November which culminated in the exchange’s bankruptcy. SBF's c...

A former Coinbase employee’s brother has been sentenced to 10 months in prison in what the U.S. Department of Justice (DOJ) called a “groundbreaking cryptocurrency insider trading case.” ‘Groundbreaking’ Crypto Insider Trading Case The U.S. Department of Justice (DOJ) announced Tuesday that Nikhil Wahi “was sentenced to 10 months in prison” in a “groundbreaking cryptocurrency insider trading case.” He pled guilty to one count of conspiracy to commit wire fraud. The Justice Department explained that Wahi was sentenced “for his participation in a scheme to commit insider trading in cryptocurrency assets by using confidential information from his brother, a former product manager at Coinbase Global Inc. (Coinbase), about which crypto assets were scheduled to be listed on Coinbase’s exchanges.” Referring to the case as “the first-ever insider trading case involving cryptocurrency markets,” U.S. Attorney ...

Hong Kong has consistently been making it to the crypto news headlines lately. A couple of weeks back, it opened doors to its very first BTC exchange-traded funds [ETF]. Two ETFs tracking US listed crypto futures veered into Hong Kong. They’re reportedly managed by CSOP Asset Management. Additionally, in the beginning of this week, Financial Secretary Paul Chan said that Hong Kong will be a great place for crypto and fin-tech startups to operate from. He also asserted that the region remains committed to becoming a crypto hub.  Retail Trading Under Regulator’s Radar Another key development unravelled on Wednesday. According to the same, crypto tokens will reportedly be shortlisted by the securities watchdog for retail trading. Furthermore, the Securities and Futures Commission [ SFC ] will seek public views on certain regulatory aspects pertaining to Retail Trading . Julia Leung, Chief Executive Officer of the Securities and Futures Commission clarified that the...

Crypto lawyers suggest including highly detailed instructions in one’s will and appointing a crypto-savvy next-of-kin, among other suggestions. The average crypto investor probably isn’t planning on dying of old age anytime soon, but that doesn’t mean they shouldn’t have a plan in place to pass on their crypto in the event they meet an unlikely demise, lawyers warn. Speaking to Cointelegraph, Dubai-based crypto lawyer Irina Heaver believes that “billions” worth of Bitcoin (BTC) has been lost due to a lack of proper death-related planning by hodlers. She noted that many families have been unable to access their loved one’s crypto assets due to private keys being taken to the grave, and emphasized the importance of discussing crypto assets with family and including them in their will. Heaver said that the typical crypto investor is a “male millennial” between the ages of 27 to 42, which is the age range where arranging one’s financial affairs in case of death is the “last thing” to com...

Image Source: Wintermute  Wintermute, a leading global crypto market maker, has paid its 36 British staff a total of $83 million in 2021, suggesting that the crypto company gave birth to 36 new millionaires.  According to its newly filed annual report, Wintermute paid its 36 UK staff $83 million in 2021, meaning the firm had an average payout of $2.3 million for each employee. Furthermore, the crypto company paid a whopping $22.5 million to one director in the year.  The unprecedented payment came in a year when almost all cryptocurrencies hit all-time highs. Amid the surge in crypto prices, Wintermute made $582 million in profits in 2021 as revenues surged from just $40.4 million in 2020 to $818.5 million. Wintermute has emerged to be a leading global algorithmic market maker in the crypto space. The company has become an essential part of the crypto ecosystem as it helps create liquid and efficient markets on centralized and decentralized t...

2023 was expected to be better for the cryptocurrency market in general. Falling cryptocurrency empires, a prolonged bear market, and plummeting prices were all visible throughout 2022. The beginning of 2023 was slow in terms of price changes. However, starting off the second week of 2023, the cryptocurrency market is trading in the green. Shiba Inu stands tall with one of the highest gains over the last 24 hours. According to CoinMarketCap, SHIB is now trending on the CMC website. CoinMarketCap data also reveals that Shiba Inu is up by 8.1% in the last 24 hours. The meme coin is also up by 11.22% over the last seven days. Source: Crypto news Shiba Inu trading volume spikes by 312% According to CMC data, the 24 hours trading volume of Shiba Inu has also soared by 312% at press time. The 24-hour trading volume stands at $358,360,796. The spike in trading volume can be attributed to the increased whale activity with Shiba Inu. According to the whale tracker, WhaleSta...

An unidentified whale moved 3.3 trillion Shiba Inu tokens to a private and unknown wallet address. In precise numbers, the whale transferred 3,373,256,285,484 SHIB tokens to the unknown wallet which is worth nearly $30 million on Monday. The whale initiated the transfer in a single massive transaction by paying a gas fee of $2.46. The transfer comes at a time after the Shiba Inu team confirmed that the Shibarium layer-2 network’s public beta testnet will be launched “soon” . Also Read: Shiba Inu: AI Predicts SHIB Price For January 31, 2023 Source: Whale Alert However, it is not known if the whale transferred the 3.3 trillion SHIB tokens to dump or hold. Whales steadily took entry positions with SHIB in 2021 and accumulated the token until Q3 of 2022. Whale entries into SHIB saw a decline in Q4 of 2022 as its price slipped south adding an extra ‘zero’ in the indices. Also Read: Shiba Inu: Shibarium Codes Finally Go Public on GitHub So...

Join Our Telegram channel to stay up to date on breaking news coverage The price of Terra Luna’s LUNC increased by over 15% since the beginning of the year before the recent retrace. Currently, LUNC is registering a profit of about 8% for investors who entered a position at the start of the year.   A wave of optimism has surrounded the token as it’s meeting many of the anticipated price targets investors had for the token. And much like the predictions before, there’s a lot of curiosity as to where the LUNC coin might land in the future.   Terra classic (LUNC) is a decentralized application platform that uses a Proof-of-Stake consensus algorithm powered by Tendermint technology which allows holders of LUNC to stake their assets as collateral and participate in the process of validating transactions on the Terra network in exchange for rewards based on the value of their staked assets.   LUNC is the native token of the Terra classic network and ...