Iran Imports goods worth $10 Million in Cryptocurrency. Smart contracts and digital assets will be widely utilized in international trade. According to recent reports, the Middle East country, Iran placed its first import order using cryptocurrencies, which includes products worth $10 million. Iran’s Ministry of Industry, Mine, and Trade granted
August 10, 2022 1 min read
CEO of major crypto exchanges advised SOL investors to move their assets to their exchanges. CZ tweeted that there is an active security incident on Solana. The CEOs of prominent crypto exchanges have a recent update regarding the ongoing issues about Solana. According to the reports, Binance‘s CEO, Changpeng Zhao,
August 6, 2022 2 mins read
Scammers attempted to attack DeBridge Finance, thought to be Lazarus Group. Recently, the Lazarus Group attacked Axie Infinity’s Ronin Bridge, wor.th $622M. According to the latest tweet thread from Alex Smirnov, the co-founder of Cross-Chain Interoperability Protocol, DeBridge Finance, his firm had been the victim of an attempted cyberattack, probably
August 6, 2022 2 mins read
The American-based Block Inc, reports $1.5B in Q2 profits. The firm generated only $41 million, through the BTC trading service. The digital payments company, Block Inc., formerly Square, has released its Q2 result. The financial service, owned by former Twitter CEO, Jack Dorsey saw its year-over-year (YoY) profits jump 29%
August 5, 2022 1 min read
Major banks in Portugal closed the crypto exchange, CriptoLoja’s account. The Portugal government recently announced its plans to tax crypto income. According to recent reports, the bank account of Lisbon-based cryptocurrency exchange platform, CriptoLoja was closed by Portugal’s prominent banks, Banco Comercial Portugues and Banco Santander. Additionally, two other smaller
August 4, 2022 1 min read
Police in Victoria will be able to recover cryptocurrencies from criminals. New rules will give Victorian police greater power to identify cyber scammers. As per the reports, the Victorian Police in Australia will shortly receive the power to seize cryptocurrency wallets and digital assets from cyber criminals, under the newly
August 4, 2022 2 mins read
Michael Saylor will serve as executive chairman of MicroStrategy. The company is facing a loss of $1.062 Billion, as per the recent report. According to the recent announcement from the American-based business intelligence provider platform, MicroStrategy, the company’s CEO, Michael Saylor is resigning from the current position to serve as
August 3, 2022 2 mins read
ADA also added to Sygnum’s bank-grade staking offer along with ETH, ICP & XTZ. With the new service, Sygnum bank’s customers can earn staking rewards. According to the latest announcement from Switzerland-based digital asset bank, Sygnum, the bank has added ADA, the native cryptocurrency of the Cardano blockchain, to its
August 2, 2022 2 mins read
According to recent reports, Honduras’ first Bitcoin city named, ‘Bitcoin Valley’ has opened in the Honduran tourist town of Santa Lucia. As part of the new Bitcoin Valley initiative, Santa Lucia will accept Bitcoin (BTC) for payments. The project aims to increase tourism revenue across 60 local businesses. With the
August 2, 2022 2 mins read
The top 5 cryptocurrencies to watch this week are BTC, BNB, DOT, ETC, and FIL. Filecoin climbed over 78.73% in the previous month. After witnessing a continuous huge crash, the global cryptocurrency market is now rising upwards. Along with Bitcoin, top altcoins also collapsed during the bearish conditions of the
August 1, 2022 3 mins read