A growing number of industries and governments are beginning to use blockchain, a key component of cryptocurrency. Sao Paulo’s new municipal data and transparency law recognizes blockchain as a tool that may be utilized to facilitate government operations. In the law, blockchain is described as a distributed digital ledger that
January 28, 2023 2 mins read
Custodia Bank’s application for membership in the Federal Reserve System was rejected by Federal Reserve Board in the United States. This was on the grounds that the bank’s “novel business model and proposed focus on crypto-assets presented significant safety and soundness risks.” The Fed also noted that Custodia’s risk management
January 28, 2023 1 min read
After completing its private and public sale of Fasttoken (FTN), a part of the Fastex web3 ecosystem developed by SoftConstruct, has raised $23.2 million. The public was given access to FTN, the official cryptocurrency of the Fastex ecosystem, on January 18 as part of a token creation event that was
January 27, 2023 1 min read
Major firms in the market are reducing growth plans. And cutting operational expenditures, which has led to layoffs, as the crypto winter has made a strong dent. Matrixport, a crypto investment and lending organization located in Singapore. Has announced layoffs in its marketing department, which would affect around 10% of
January 27, 2023 2 mins read
In its most recent financial report, published on Wednesday, Tesla said that it had neither acquired nor sold any Bitcoin in the fourth quarter of 2022. However, the electric vehicle maker recorded $34 million in impairment charges as the value of its Bitcoin assets fell to $184 million from $218
January 26, 2023 1 min read
The direction of American consumer activity has been closely watched by economists. Who were waiting for today’s data to see what they reveal. The latest Gross Domestic Product (GDP) Report confirms that the U.S. economy grew at an annualized rate of 2.9% in the fourth quarter, above analysts’ estimates. The
January 26, 2023 2 mins read
MarketAcross, a pioneer in blockchain marketing, has become the exclusive worldwide media partner for the forthcoming European Blockchain Convention (EBC). In its ninth edition, this conference will take place at the Hyatt Regency in Barcelona, Spain, from February 15-17, 2023, and is projected to attract more than 2,500 participants. The
January 25, 2023 2 mins read
In 2023, Binance Charity, the company’s charity arm, plans to provide 30k scholarships. To deserving students who are interested in pursuing careers in the Web3 industry. In a blog post dated January 20th. Binance Charity revealed that the Binance Charity Scholar Program (BCSP) will provide free Web3 education. And training
January 22, 2023 1 min read
Ukraine’s financial intelligence agency, the State Financial Monitoring Service (SFMS), has released a special report detailing the outcomes of its work in 2022. The agency said that it has helped with the country’s military effort during the continuing battle with Russia, in addition to its peacetime responsibilities like countering money
January 22, 2023 1 min read
According to blockchain records, a Chinese miner recently transferred roughly 5,600 bitcoin (BTC), valued at almost $124 million, to the Binance cryptocurrency exchange, a move that might be regarded as a preparation to liquidate the holdings. Earlier this week, analytical company CryptoQuant saw a string of transactions in which Bitcoin
January 21, 2023 1 min read