Fri, November 15

UAE’s RAKBANK Partners with Bitpanda to Unveil New Platform

The National Bank of Ras Al Khaimah (RAKBANK) has announced a strategic partnership with Bitpanda Technology Solutions. The partnership led to the launch of a new digital asset management platform for residents of the United Arab Emirates (UAE).  The initiative, pending approval from the Central Bank of the UAE (CBUAE),

August 19, 2024 1 min read

Crypto Boom Makes Upbit Employees Top Earners

South Korean employees of the prominent crypto exchange, Upbit, are earning more than their equivalents at major banks. This is due to the booming cryptocurrency market.  Recent data from the Financial Supervisory Service (FSS) reveals that the average salaries at Upbit’s operator, Dunamu surged to 133.73 million South Korean won

August 19, 2024 2 mins read

Goldman Sachs Revises U.S. Recession Odds to 20%

Global investment giant Goldman Sachs Group, Inc. has lowered the probability of the U.S. entering a recession next year to 20% from its previous estimate of 25%.  The firm has expressed increased confidence that the U.S. Federal Reserve will reduce interest rates by 25 basis points at its September policy

August 19, 2024 1 min read

Ava Labs COO’s X Account Hacked to Promote Scam Airdrops

The Twitter account of Luigi D’Onorio DeMeo, Chief Operating Officer of Ava Labs, was allegedly compromised by hackers. The breach became apparent when posts appeared on his official account promoting a newly launched Pokémon-themed memecoin associated with DeMeo. The posts were later removed. The posts, which have since been deleted,

August 19, 2024 2 mins read

Australia’s ASIC Takes Down 7.3K Scam Sites in Fraud Crackdown

Australia’s financial markets regulator (ASIC) has launched a major effort to combat online investment fraud. ASIC has announced the removal of more than 7,300 scam websites in its first year of operation.  The Australian Securities and Investments Commission (ASIC) revealed on August 19, 2024, that it has successfully dismantled 5,530

August 19, 2024 2 mins read

Peter Schiff Criticizes US Inflation, Blames Trump-Era Policies

Bitcoin naysayer Peter Schiff recently voiced his disapproval of the US’s present high inflation rates. Saying that policies put in place before Biden was president are to blame. Since the consequences of Biden’s actions will not be realized for at least a few more months. Schiff pointed out that there

August 19, 2024 2 mins read

Crypto Market Braces for Fed Insights Amid Key Economic Events

This coming week, the crypto market will be watching for important events like the July FOMC Minutes and the Jackson Hole Retreat address by Fed Chair Jerome Powell. Given its potential influence on investor sentiment, the FOMC Minutes will certainly affect the mood of the market. The wider community also

August 18, 2024 2 mins read

Paypal USD (PYUSD) Surges to Sixth Largest Stablecoin Rank

The cryptocurrency market is mired in neutral sentiment, with only little rebounds sprinkled. The market leader in cryptocurrencies, Bitcoin, has increased its value by about 2% since yesterday, eyeing the $60,000 mark. Nevertheless, today’s main attraction is Paypal USD (PYUSD. A dollar-pegged token that has seen tremendous growth in recent

August 17, 2024 1 min read

Vitalik Buterin Addresses Emerging Threat of Bribery in DAOs

The concept of Decentralised Autonomous Organizations (DAOs) has revolutionised how communities and projects govern themselves. However, as the landscape of decentralised governance evolves, new challenges emerge. Particularly the threat of bribery within “Dark DAOs.”  Ethereum co-founder Vitalik Buterin has recently raised concerns about these threats. Emphasising the need for robust

August 17, 2024 2 mins read

BTC Fog Founder Challenges 30 Year Sentence Igniting Legal Drama

Roman Sterlingov, the founder of  Bitcoin Fog, a cryptocurrency mixer is challenging a potential 30-year prison sentence. It was followed by his conviction on multiple money laundering charges. In an August 15 filing with the U.S. District Court for the District of Columbia, Sterlingov’s legal team argued that the recommended

August 17, 2024 2 mins read