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Search Results for: bitcoin

Russia to Employ Cryptocurrencies For International Payments

The Russian Central Bank is ready to accept international crypto payments. CBR tightens crypto trading and mining inside the country. The Central Bank of Russia (CBR) is now ready to accept Bitcoin and other cryptocurrencies for international payments. On Thursday, in St. Petersburg Economic Forum, Elvira Nabiullina, head of the

June 18, 2022 2 mins read

Leading Exchange FTX Announces Plans to Buy Canadian Crypto Firm Bitvo

The purchase is scheduled to conclude in the third quarter of 2022. On June 6, SBF indicated FTX would not reduce or freeze its employment. A deal has been reached to acquire Bitvo, a Canadian crypto platform, by the cryptocurrency derivatives exchange FTX. Announcing the acquisition of Bitvo on Friday,

June 17, 2022 2 mins read

Inverse Finance Yet Again Exploited of $1.2 Million by Hackers

Flash loans are a sort of crypto loan often obtained and reimbursed in a single transaction. The attackers could convert 99,976 USDT and 53.2 wBTC into ETH. For the second time in two months, Inverse Finance has been the victim of a pricing oracle manipulation scam that resulted in the

June 17, 2022 2 mins read

Crypto Lending Platform Babel Finance Halts Withdrawals Following Celsius

Babel Finance had a loan balance of over $3 billion by the end of 2021. It had a monthly derivatives trading volume of $800 million. Another cryptocurrency lending service, Babel Finance, based in Hong Kong, has been hit hard by the recent market drop. Babel Finance, citing “unusual liquidity pressures,”

June 17, 2022 2 mins read

Celsius Surrounded by 4 Separate Jurisdiction Regulators Amid Insolvency

The Securities and Exchange Commission was also in contact with Celsius. The firm has temporarily suspended Customer withdrawals, swaps, and transfers. State authorities are investigating Celsius in four separate jurisdictions for blocking consumer accounts due to solvency issues. As a result of Celsius’ decision to restrict client money withdrawals, regulators

June 17, 2022 1 min read

Elon Musk Backs Integrating Digital Payments Into Twitter Platform

Users now have access to an NFT display picture function. Elon Musk wants to acquire Twitter and implement free expression on the network. Elon Musk, CEO of Tesla and SpaceX, said during a virtual town hall meeting that integrating digital payments on Twitter to move money back and forth makes

June 17, 2022 1 min read

Crypto Market Lost $1.1 Trillion in 77 Days

Crypto market lost more than 2 trillion from its all-time high of 3 trillion. Bitcoin fell to an 18 months low of $20,842. The Cryptocurrency market fell below $1 trillion and lost more than 70% of its value for the first time since last November. Now the crypto market holds

June 17, 2022 2 mins read

U.S Air Force Now Uses SIMBA Blockchain Services

U.S Air Force uses blockchain technology for funds tracking and monitoring.  SIMBA to be the technical blockchain services partner. DiBaT’s goal is to convert the Air Force funds to tokens. The U.S Air Force (USAF) has been one of the very first sectors in the world to indulge into blockchain

June 16, 2022 2 mins read

AAX Expands Globally Despite Recent Market Breakdown

AAX (aax.com) is hiring hundreds of people as part of its intention to double its workforce this year in order to support its worldwide development objectives. AAX plans to create new offices in other areas and hire more employees to increase its product offerings and expertise. In addition to AAX,

June 16, 2022 2 mins read