Thu, December 18

 Nubank Brazil’s Digital Bank Achieved its Peak

Nubank allows users to buy and sell BTC and ETH. Nubank also aims to set foot in the tokenization market. On July 26, Brazil-based digital bank Nubank revealed that one month after launching its cryptocurrency services, it has acquired 1 million users on its crypto trading platform. The platform that

July 27, 2022 1 min read

Will Regulation Navigate DeFi and NFTs To Go Mainstream?

As per popular predictions, the NFT sector would attain $210 billion by 2030. Overall TVL of the DeFi sector is under $90 billion, at press time. Last week, the prominent experts in the crypto and blockchain industry across the globe gathered on the panel of AIBC Americas Summit 2022, a

July 27, 2022 2 mins read

Fearful Impact of Global Recession on Crypto Market

According to the IMF, the economy dropped from 6.1% last year to 3.2 %in 2022. The crypto market dropped below $1trillion from its all-time high of $3 trillion. Since the beginning of the year, the global economy has been in a gloomy and depressing state, and multiple incidents this year

July 27, 2022 2 mins read

Investigation on Kraken for Breaching US Sanctions

Kraken exchange platform holds customers from the country listed in Sanction. Around 2K “verified accounts” are from Iran, Syria, and Cuba. Kraken, a notable crypto exchange, has been under investigation by the U.S Treasury Department. The investigation is due to the suspension of the platform for allowing users from restricted

July 27, 2022 2 mins read

Twitter Expenses on Elon Musk Unsettled Acquisition

The costs and expenses were disclosed by Twitter in its 10-Q filing to the SEC. Twitter sets date for shareholders to vote on the Elon Musk acquisition. Twitter reported expenses of $33.1 million for the second quarter due to the merger, which is battling with Elon Musk, after he declared

July 27, 2022 2 mins read

Famous US Senators Stand For Tax-Free Crypto Transaction

US Senators Proposed a tax-free bill for small crypto transactions. The bill demands cryptocurrency transactions less than $50 be exempt from taxation. Famed US Senators have proposed a new bill that would exempt modest crypto transactions from capital gains taxes. A proposed bill attempts to exempt Americans from keeping track

July 26, 2022 1 min read

Binance CEO Charging Eminent Media House for Their Action

Bloomberg Businessweek published the article on June 25th. The cases have been filed in both courts of New York and Hong Kong. Binance CEO and founder Changpeng Zhao (CZ) has filed a lawsuit in Hong Kong and New York against the media house Bloomberg. On June 23, Bloomberg Businessweek published

July 26, 2022 2 mins read

SEC Charges Ex-US Congressman For Violating Securities Exchange Act

Stephen Buyer has been charged with insider trading by SEC. Stephen purchased more than $1.5 million worth of Sprint and Navigant Consultancy stock. The Securities Exchange Commission (SEC) charged Stephen Earle Buyer, a former US representative for Indiana’s 4th congressional district, with insider trading on July 26, 2022. SEC has

July 26, 2022 2 mins read

FCA Warns UK Investors About Risky Clone Firms

zfxtrade.com is accused of using the FCA-authorized firm’s legitimate details.  As per FCA, the website defrauds people in the United Kingdom. On Monday, the UK’s Financial Conduct Authority (FCA) released a cautionary notice about a clone firm for impersonating the financial trading platform, Zenfinex Group. The authority claims that the

July 26, 2022 2 mins read

QNB Expands RippleNet’s Philippine Capabilities

QNB launched a direct remittance service from Qatar to the Philippines. It is the first bank in Qatar to introduce this Service. A direct remittance service for money transfers from Qatar to the Philippines has been launched by Ripple partner QNB. It now holds the distinction of being Qatar’s first

July 26, 2022 2 mins read
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