President Nayib Bukele of El Salvador introduced legislation on June 5, 2021, that would recognize Bitcoin as legal money in the country. Since then, El Salvador has been the pioneer in officially recognizing Bitcoin as a legal tender. That was the first time in history that a government had officially
March 6, 2023 1 min read
Binance, the biggest cryptocurrency exchange in the world, and Kuna, one of the largest in Ukraine, have both announced temporary bans of activities using bank cards denominated in Ukrainian hryvnia. Moreover, both exchanges validated the existence of the issues related to such trades. The trading platform stated in a Telegram
March 5, 2023 2 mins read
Bybit, one of the leading cryptocurrency exchanges, said on Saturday that it has temporarily suspended bank transfers of US Dollars. The exchange blamed interruptions in service from its banking partner but did not specify which bank was at fault. Since Silvergate voiced worries about liquidity challenges and difficulty for operations
March 5, 2023 2 mins read
A legal lawsuit against MicroStrategy, an American business intelligence company, was rejected by the Superior Court of the District of Columbia. The lawsuit claimed that MicroStrategy assisted its co-founder, Michael Saylor, in avoiding paying income taxes. A new filing claims that in October, Saylor and MicroStrategy asked the court to
March 4, 2023 2 mins read
Binance has announced that it would be working with law authorities on a new Anti-Scam initiative. The crypto exchange platform released a statement announcing the cooperation, which will see the newly created cyber security measures roll out worldwide. According to the press release, the partnership with the Hong Kong Police
March 4, 2023 2 mins read
On Thursday, several cryptocurrency firms issued statements crafted to distance themselves from the crypto-friendly bank Silvergate Capital, whose shares have experienced a dramatic drop following the announcement that the firm would delay the publishing of its annual report and could report additional losses. Recently it was revealed that Coinbase, the
March 3, 2023 1 min read
Sweat Economy, a Web3 initiative intended to reveal the economic value of movement, is commencing in the United States. On September 12, the Sweat Wallet app will debut, together with its native token, $SWEAT, marking the first anniversary of the venture’s worldwide start. Since its Token Generation Event (TGE) in September
March 3, 2023 2 mins read
In order to empower the next generation of AI developers, Oraichain has teamed with TRON. Artificial intelligence has now entered the mainstream. Together, via education, incubation, and technological integrations, we will endeavor to secure the future of decentralized AI. We are happy to announce that Oraichain and TRON have entered
March 2, 2023 3 mins read
The former FTX director of engineering, Nishad Singh, has reportedly entered a guilty plea to criminal charges in the United States, as reported by Reuters. During today’s hearing, Singh’s solicitor revealed his client’s decision to plead guilty. The former director was accused of fraud related to the bankruptcy exchange platform
March 1, 2023 1 min read
The Euro-backed stablecoin EUROC is now available on Coinbase. Circle mints Euro Coins, which are completely backed by the Euro. In addition, it enters the cryptocurrency market at a time of heightened tension. Between stablecoin producers and the Securities and Exchange Commission (SEC) of the United States. Since customers of
March 1, 2023 1 min read
