Solana Ecosystem Thrives in 2023 with Surge in Developer Retention

Solana’s native SOL token emerged as one of the top-performing crypto assets in 2023, with the Layer 1 network’s developer ecosystem also demonstrating consistent growth. The Solana ecosystem experienced a significant rise in developer retention during this period, increasing from 31% to over 50% within three months. This improvement was attributed to several factors, such […]

Google Removes Offshore Crypto Exchanges from India’s Play Store

Google has taken down several offshore cryptocurrency exchanges from its Play Store in India, including Binance, KuCoin, Bitget, Huobi, OKX,, and MEXC. This action comes after the same applications were delisted from India’s Apple App Store. The Indian government’s noncompliance notice prompted this removal, rendering these apps inaccessible to new users in the country.The […]

WeekInFocus: Global Crypto News, Job Listings, and Upcoming Events

The WeekInFocus report highlights key developments in the global cryptocurrency sector. In New York, a critical review of BitLicense oversight is looming, with the state’s Comptroller, Thomas DiNapoli, expressing disapproval of its administration at the NYDFS. He suggests the creation of official protocols for the examination follow-up procedure.In Singapore, the Monetary Authority of Singapore (MAS) […]

Ripple and TRON Lose Spots in HKVAC’s Updated Crypto Indices

The Hong Kong Virtual Asset Consortium (HKVAC) has announced significant changes to its crypto indices, reshuffling its top 5 crypto index, top 10 crypto index, and overall crypto index. This has led to the exclusion of several notable cryptocurrencies.In a headline-grabbing adjustment, Ripple’s native token XRP has lost its seat in the top 5 global […]

HKVAC Revises Crypto Indices, Solana and Avalanche Replace XRP and TRON

The Hong Kong Virtual Asset Consortium (HKVAC) has made significant revisions to its top 5 crypto index, top 10 crypto index, and overall crypto index. This has resulted in the exclusion of several well-known cryptos from the indices.XRP, valued at $0.57, has been removed from the top 5 global crypto index and replaced by Solana, […]

HKVAC Delists XRP, Adds Solana Amidst Global Crypto Index Reorganization

The Hong Kong Virtual Asset Consortium (HKVAC) has announced the delisting of XRP from its top five global large cryptocurrency index. This decision reflects the altcoin’s decline from the top-performing cryptocurrencies with the largest market capitalization globally.In a significant move, HKVAC has decided to replace XRP’s position with Solana (SOL). This reorganization of its index […]

Indians Opt for Local Exchanges Amid Foreign Platforms Ban

In a significant move, India has imposed a ban on foreign cryptocurrency exchanges, effectively blocking their operations within the country. This decision has led to a surge in the use of local exchanges by Indian crypto enthusiasts.The ban has been implemented by restricting access to the websites of these foreign platforms. Additionally, the downloading of […]

Singapore’s MAS to Gain More Authority under New Financial Bill

The Monetary Authority of Singapore (MAS) is set to gain more authority under a new law currently under consideration in the country’s parliament. This law could have significant implications for crypto companies if approved. The Financial Institutions (Miscellaneous Amendments) Bill 2024 aims to expand the MAS’s jurisdiction, allowing it to give directions to holders of […]

South Korea Upholds Crypto Restrictions Despite US Bitcoin ETF Approval

South Korea’s Financial Services Commission (FSC) has issued a statement that could significantly impact the local crypto market. The FSC has suggested that domestic securities firms’ brokering of US spot Bitcoin Exchange-Traded Funds (ETFs) might contravene South Korea’s regulations on virtual assets and the Capital Markets Act. This statement was made in response to the […]

Singapore’s MAS to Gain Expanded Powers Impacting Crypto Firms

The Monetary Authority of Singapore (MAS) is set to receive expanded powers under a new bill currently before the country’s parliament. This could have a significant impact on cryptocurrency firms. The Financial Institutions (Miscellaneous Amendments) Bill 2024 aims to expand MAS’ powers to issue directions to capital markets services licence holders (CMSL holders) that conduct […]