Sun, October 4

Prominent Australian Exchange ‘Swyftx’ Lays off 21% Workforce

The crypto exchange announced in June that they will be combining with Superhero. Swyftx is the latest cryptocurrency company to experience growing pains. To combat the present bear market, Australian cryptocurrency exchange Swyftx has been compelled to lay off 21% of its workforce. Co-CEOs Alex Harper and Ryan Parsons sent

August 20, 2022 1 min read

Bitcoin Miners Cash in Significant Earnings Before Price Fall

BTC has been able to maintain a $24,000 support level over the previous weeks. Over the last day, the value of BTC has fallen by over 8%. Many investors lost money this year due to the bears’ unexpected appearance. After the price of the Bitcoin fell below $20,000, Bitcoin (BTC)

August 20, 2022 2 mins read

Binance U.S Acquires Money Transmitter License in Nevada

The time required to get a license is a huge drawback of this approach. State governments may impose their own regulations on the services. Binance US, Binance’s American subsidiary, recently announced that it has been granted a Nevada Money Transmitter License. Binance US now has licenses in a total of

August 20, 2022 2 mins read

Prominent Developer Claims Cardano Blockchain Testnet Broken

Operators ATADA and PoolTool found a serious issue in the client software. Dean expressed concern over Input Output’s “rushing” to release the Vasil update. One notable developer has cautioned that there has been a problem with Cardano’s testnet. The Layer 1 testnet of the Cardano blockchain is now incompatible with

August 19, 2022 2 mins read

Crypto Market Fumbles, Over $600M Liquidated in Last 24 Hours

Bitcoin is now trading at roughly $21,485, down 8.2% on the day. With $201.3M, Bitcoin is the most liquidated asset, followed by Ethereum with $132.7M. Today, the leading cryptocurrency, Bitcoin (BTC), dropped to a new weekly low of $21,344, according to data from CMC, continuing a three-day trend of unfavorable

August 19, 2022 2 mins read

South Korea Cracks Down on Numerous Exchanges Over Regulations

The organization has identified 16 service providers. Local exchanges’ offices were raided last month as part of an inquiry. More than a dozen cryptocurrency exchanges risk losing clients in South Korea as officials crack down on international companies they allege are operating illegally in the country. According to a news

August 19, 2022 2 mins read

New Restrictions Cap Yearly Crypto Purchases in Canada

The customer’s ability to make net purchases may be restricted in certain cases. The cap limit does not apply to 4 major cryptocurrencies. In order to comply with rules, Canadian cryptocurrency exchanges have implemented procedures to restrict yearly purchases of crypto assets to CAD 30,000 (USD 23,250), with the exception

August 19, 2022 2 mins read

Indian Authorities Join the Hunt for BitConnect Scam Mastermind

In a sophisticated pyramid scam, the scam caused participants to lose billions. The US government filed charges against Satish and his confederates in September 2021. BitConnect was launched in 2016 and was hailed as a major game-changer. As a result of its popularity among eager investors seeking huge profits in

August 19, 2022 2 mins read

E-commerce Giant Mercado Libre Launches Own Cryptocurrency

Market participants will be eligible for rebates on their purchases utilizing the token. The technology underpinning the token was created by Ripio. E-commerce giant, Mercado Libre, has launched its own cryptocurrency. As an ECR20 token, the established standard for tokens developed on the Ethereum blockchain, the firm has released Mercado

August 19, 2022 1 min read