China seems to be welcoming foreign businesses into some sectors. The nation has taken a strong line against the buying, selling, and holding of cryptocurrencies like Bitcoin and Ethereum, yet it is still actively promoting the growth of Web3. Beijing Municipal Science and Technology Commission and Zhongguancun Science and Technology
May 28, 2023 1 min read
Charles Hoskinson, the founder of Cardano, thinks the decentralization of the project will serve as a “wake-up call” for the sector. Hoskinson recently shared an update with the community. During which he claimed that ADA is “substantially more decentralized” than any other cryptocurrency. Furthermore, the executive emphasized that the Cardano
May 27, 2023 1 min read
Polkadot-based Tether (USDT) may now be deposited and withdrawn on Binance, the world’s largest cryptocurrency exchange. Polkadot announced the news on Twitter, noting the ease with which Binance customers may transfer USDT to Polkadot. Thus, facilitating more rapid and less cumbersome transactions with the stablecoin. Tether’s addition to the Polkadot
May 25, 2023 1 min read
As answers from the Multichain team are still needed, the biggest cryptocurrency exchange in the world, Binance, said on Thursday that it will temporarily ban deposits for certain bridging network tokens. Meanwhile, a number of reports have surfaced suggesting that Zhao Jun, co-founder, and CEO of Multichain, has disappeared and
May 25, 2023 1 min read
Tenet, a layer-1 ecosystem for generating yield and utility for liquid staking derivatives (LSD), is growing its presence on the Cmarket through two significant partnerships with QTUM, a Proof of Stake network fusing the advantages of Ethereum and Bitcoin, and Conflux, a layer-1 network running on a hybrid Proof of
May 24, 2023 3 mins read
Debt limit negotiations, which were fruitless on Monday, will be resumed on Tuesday between President Joe Biden and leading Republican Kevin McCarthy. The Treasury Department is taking measures to avert an unprecedented default, such as probing government agencies about the flexibility of impending payments, as the likelihood of the United
May 23, 2023 2 mins read
The People’s Power Party (PPP), the governing party in South Korea, has proposed a new bill urging lawmakers and other high-level government officials to implement crypto legislation and regulations as soon as possible. This request was made on Tuesday, May 23. PP House Leader Yun Jae-ok addressed the press with
May 23, 2023 1 min read
Despite the disastrous debt limit issue, US Federal Reserve officials are considering more rate rises, including the presidents of the Federal Reserve Banks of Minneapolis and St. Louis. The debt limit agreement will affect the price of Bitcoin because the US Treasury will issue government bonds to replenish funds depleted
May 22, 2023 1 min read
The Web3 Move-to-Earn (M2E) game STEPN has announced the addition of Apple Pay as a fiat onramp for in-app purchases, in an effort to increase accessibility and attract a wider audience. The Australian firm’s long-term goal is to make it unnecessary for Stepn users to leave the app and go
May 22, 2023 2 mins read
Local media in Brazil reported on May 19 that Binance’s Brazilian payment processor, Latam Gateway, has been awarded a license by the country’s central bank to function as a payment institution and electronic money issuer. In a recent statement, Binance said that Brazil is one of its most promising international
May 21, 2023 2 mins read
