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Dubai's MBS Global Investments to Build $9 Billion Financial Hub in the Maldives: Report
Dubai-based MBS crypto exchange is set to allocate $8.8 billion (roughly Rs. 74,164 crore) over a period of five years to grow the Web3 ecosystem in Maldives. The creation of the "Maldives International Financial Centre" is the focus point of Maldives' crypto-related masterplan, Financial Times claimed in its report.
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Abu Dhabi’s ADQ, FAB and IHC Announce Plans for Dirham-Backed Stablecoin
Abu Dhabi’s ADQ sovereign wealth fund, the First Abu Dhabi Bank (FAB), and investment firm IHC have planned to launch a Dirham-backed stablecoin. The token will be supported on the ADI blockchain, developed by an Abu Dhabi-based non-profit firm called the ADI Foundation.
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Russia to Establish Experimental Crypto Exchange for 'Highly Qualified Investors': Report
The Central Bank of Russia has proposed a project to test crypto activities under an experimental legal regime (ELR) owing to the volatility and risks associated with cryptocurrencies. Earlier in March, it proposed to conduct these crypto transaction trials with “highly qualified investors”.
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Fake Elon Musk's Mother Asks Retired Captain To Invest, Cleans Rs 72 Lakh
A gang of fraudsters duped a retired army Captain of Rs 72.16 lakh after promising to invest in Elon Musk's SpaceX and Tesla, and cryptocurrency, the police in Haryana's Faridabad said.
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TRN Odyssey Programme Goes Live, Opens Funding Opportunities for Web3 Game Developers
The TRN Odyssey initiative will fund promising Web3 gaming projects that are built on the TRN Layer-1 blockchain. Developers can fetch investments between $10,000 (roughly Rs. 8.5 lakh) and $1 million (roughly Rs. 8 crore) through this initiative.
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Thane Man Loses Rs 47.47 Lakh In Cryptocurrency 'Investment' Scam
A 38-year-old man from Maharashtra's Thane district was allegedly duped of Rs 47.47 lakh by fraudsters who lured him to invest in cryptocurrency, police said on Monday.
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BWA Launches 100-Day Crypto SAFE Campaign to Educate Web3 Investors on Risks
The BWA has launched a new initiative called the “Crypto SAFE Campaign” to educate users on responsible investing patterns and the importance of Do Your Own Research (DYOR). For the next three months, BWA and its member firms will be using social networking platforms to engage with people on crypto safety and cybersecurity awareness.
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Coinbase Gains FIU-India Registration, Highlights India's On-Chain Talent
On Tuesday, March 11 the US-based crypto exchange said it has completed its registration with India’s Financial Intelligence Unit (FIU). In the coming months, the exchange plans to introduce new retail services alongside additional products and investment offerings in India.
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Billionaire Who Invested In Trump's Crypto Exempted From Civil Fraud Charges
Justin Sun, the founder of Tron and advisor to Donald Trump’s cryptocurrency venture, recently sought a pause in a civil fraud case with the SEC to explore a potential resolution.
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Reliance, Airtel Among Nifty 50 Firms Experimenting with Web3, Testifies to Sector Growth: Mudrex
About 16 Nifty 50 firms, including Reliance, Airtel, ITC, and TCS, are exploring Web3 for digital marketing, supply chain management, CBDCs, and cross-border trading, according to a report by crypto investment firm Mudrex that was exclusively shared with Gadgets 360.
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Binance Founders Refute Rumours of Potential Crypto Exchange Sale
Binance co-founders Changpeng Zhao and Ye Hi have clarified that the Binance crypto exchange is not up for sale. Both Yi and Zhao said that the exchange keeps getting offers to acquire a stake in the company, but the offers have not been considered. Zhao, did however mention, that in due time the company may allow some investments in the “single-...
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ED Seizes 'Biggest' Crypto Fund Worth Rs. 1,646 crore in PMLA Case
The ED has busted a mega money laundering scheme, seizing Rs. 1,646 crore of crypto assets. The ED case, filed under the Prevention of Money Laundering Act (PMLA), stems from an FIR of the Surat Police crime branch which said the alleged fraud that took place between November 2016 - January 2018 (after demonetisation).
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Donald Trump’s Crypto Firm Announces Strategic Token Reserve, Plans to Invest in DeFi
The US President Donald Trump-backed World Liberty Financial (WLF) has said that it will be maintaining a strategic token reserve and use funds from it to invest in promising DeFi projects. The organisation said its aim is to bridge the gap between traditional and decentralised finance.
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Donald Trump's World Liberty Financial Launches 'Token Reserve' To Bolster Cryptocurrencies
World Liberty Financial said its new token reserve would enable it to mitigate market volatility, empower the company to invest in innovative projects in decentralized finance, and develop a well-capitalized reserve.
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Kraken Obtains MiFID Licence to Launch Crypto Derivatives Trading in the EU
Kraken announced that it has secured the Markets in Financial Instruments Directive (MiFID) licence in the EU. Kraken managed to secure this MiFID licence after it completed the acquisition of an investment firm named Cypirot. Post this purchase, the Cyprus Securities and Exchange Commission (CySEC) gave its approval to Kraken to be an MiFID-licenc...
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Dubai's MBS Global Investments to Build $9 Billion Financial Hub in the Maldives: Report
Dubai-based MBS crypto exchange is set to allocate $8.8 billion (roughly Rs. 74,164 crore) over a period of five years to grow the Web3 ecosystem in Maldives. The creation of the "Maldives International Financial Centre" is the focus point of Maldives' crypto-related masterplan, Financial Times claimed in its report.
-
Abu Dhabi’s ADQ, FAB and IHC Announce Plans for Dirham-Backed Stablecoin
Abu Dhabi’s ADQ sovereign wealth fund, the First Abu Dhabi Bank (FAB), and investment firm IHC have planned to launch a Dirham-backed stablecoin. The token will be supported on the ADI blockchain, developed by an Abu Dhabi-based non-profit firm called the ADI Foundation.
-
Russia to Establish Experimental Crypto Exchange for 'Highly Qualified Investors': Report
The Central Bank of Russia has proposed a project to test crypto activities under an experimental legal regime (ELR) owing to the volatility and risks associated with cryptocurrencies. Earlier in March, it proposed to conduct these crypto transaction trials with “highly qualified investors”.
-
Fake Elon Musk's Mother Asks Retired Captain To Invest, Cleans Rs 72 Lakh
A gang of fraudsters duped a retired army Captain of Rs 72.16 lakh after promising to invest in Elon Musk's SpaceX and Tesla, and cryptocurrency, the police in Haryana's Faridabad said.
-
TRN Odyssey Programme Goes Live, Opens Funding Opportunities for Web3 Game Developers
The TRN Odyssey initiative will fund promising Web3 gaming projects that are built on the TRN Layer-1 blockchain. Developers can fetch investments between $10,000 (roughly Rs. 8.5 lakh) and $1 million (roughly Rs. 8 crore) through this initiative.
-
Thane Man Loses Rs 47.47 Lakh In Cryptocurrency 'Investment' Scam
A 38-year-old man from Maharashtra's Thane district was allegedly duped of Rs 47.47 lakh by fraudsters who lured him to invest in cryptocurrency, police said on Monday.
-
BWA Launches 100-Day Crypto SAFE Campaign to Educate Web3 Investors on Risks
The BWA has launched a new initiative called the “Crypto SAFE Campaign” to educate users on responsible investing patterns and the importance of Do Your Own Research (DYOR). For the next three months, BWA and its member firms will be using social networking platforms to engage with people on crypto safety and cybersecurity awareness.
-
Coinbase Gains FIU-India Registration, Highlights India's On-Chain Talent
On Tuesday, March 11 the US-based crypto exchange said it has completed its registration with India’s Financial Intelligence Unit (FIU). In the coming months, the exchange plans to introduce new retail services alongside additional products and investment offerings in India.
-
Billionaire Who Invested In Trump's Crypto Exempted From Civil Fraud Charges
Justin Sun, the founder of Tron and advisor to Donald Trump’s cryptocurrency venture, recently sought a pause in a civil fraud case with the SEC to explore a potential resolution.
-
Reliance, Airtel Among Nifty 50 Firms Experimenting with Web3, Testifies to Sector Growth: Mudrex
About 16 Nifty 50 firms, including Reliance, Airtel, ITC, and TCS, are exploring Web3 for digital marketing, supply chain management, CBDCs, and cross-border trading, according to a report by crypto investment firm Mudrex that was exclusively shared with Gadgets 360.
-
Binance Founders Refute Rumours of Potential Crypto Exchange Sale
Binance co-founders Changpeng Zhao and Ye Hi have clarified that the Binance crypto exchange is not up for sale. Both Yi and Zhao said that the exchange keeps getting offers to acquire a stake in the company, but the offers have not been considered. Zhao, did however mention, that in due time the company may allow some investments in the “single-...
-
ED Seizes 'Biggest' Crypto Fund Worth Rs. 1,646 crore in PMLA Case
The ED has busted a mega money laundering scheme, seizing Rs. 1,646 crore of crypto assets. The ED case, filed under the Prevention of Money Laundering Act (PMLA), stems from an FIR of the Surat Police crime branch which said the alleged fraud that took place between November 2016 - January 2018 (after demonetisation).
-
Donald Trump’s Crypto Firm Announces Strategic Token Reserve, Plans to Invest in DeFi
The US President Donald Trump-backed World Liberty Financial (WLF) has said that it will be maintaining a strategic token reserve and use funds from it to invest in promising DeFi projects. The organisation said its aim is to bridge the gap between traditional and decentralised finance.
-
Donald Trump's World Liberty Financial Launches 'Token Reserve' To Bolster Cryptocurrencies
World Liberty Financial said its new token reserve would enable it to mitigate market volatility, empower the company to invest in innovative projects in decentralized finance, and develop a well-capitalized reserve.
-
Kraken Obtains MiFID Licence to Launch Crypto Derivatives Trading in the EU
Kraken announced that it has secured the Markets in Financial Instruments Directive (MiFID) licence in the EU. Kraken managed to secure this MiFID licence after it completed the acquisition of an investment firm named Cypirot. Post this purchase, the Cyprus Securities and Exchange Commission (CySEC) gave its approval to Kraken to be an MiFID-licenc...
