NOWPayments, a renowned cryptocurrency payment provider, has recently revealed its groundbreaking plan. It becomes the first-ever payment gateway to incorporate Shibarium, a promising layer-2 network. According to a recent announcement, NOWPayments will seamlessly integrate Shibarium once the L2 network is fully operational on the mainnet. NOWPayments is aiming to be
On April 17, 2023, the Securities and Exchange Commission (SEC) accused Bittrex, a Seattle-based exchange, of violating securities law by neglecting to register with the financial regulatory agency in various jurisdictions. The charges came at a time when the exchange was already planning to wind up its operations in the
To empower India’s Crypto Adoption, the global fiat-crypto payment service provider, Alchemy Pay has started supporting India’s Unified Payment Interface (UPI) for all domestic payments and transfers. This enables consumers to buy or sell cryptocurrencies with the Indian rupee for a minimum purchase of INR 1,250. 📢#AlchemyPay's On-Ramp now supports
The Securities Commission of the Bahamas (SCB) has instituted stringent new regulations for Virtual Assets Service Providers (VASPs) seeking to operate within its jurisdiction as a means of demonstrating that it has learned from the demise of the FTX Derivatives Exchange. The SCB claims it has raised financial and reporting
Even though the crypto industry has seen substantial growth this year, volatility has been a constant. In spite of this competition, Uniswap has maintained its position as the decentralized market leader. Across all blockchains, it still commands over $4 billion in total value locked (TVL), making it one of the
On Wednesday, Amazon Web Services, the cloud computing arm of the e-commerce behemoth, announced cooperation with Cronos, further establishing itself in the cryptocurrency industry. Amazon’s continued crypto, blockchain, Web3, and NFT footprint growth reflects the company’s anticipation of future technological breakthroughs in these areas. The Cronos Accelerator Programme, which helps
On Wednesday, Circle CEO Jeremy Allaire blamed the continued decline in the value of the USD Coin (USDC) stablecoin on the regulatory burden and the efforts of authorities to discredit the cryptocurrency market. Allaire said investors are trying to “de-risk out of the US” because of the ambiguity of US
First Republic Bank’s ($FRC) share price plunged around 50% as it lost more than $100 billion in customer deposits. Despite this, Bitcoin’s (BTC) price surged over 6% to the $29K price range. After losing more than half of its deposits, First Republic Bank has a steep slope to climb to
First Republic Bank (FRC) now risks a similar fate after Silvergate and Signature Bank failed late last month since it has few choices to turn things around. This might soon become the third big bank to fall this year, spreading widespread panic throughout the United States and abroad. The bank
The regulatory uncertainty is already having an impact on the cryptocurrency market. As evidenced by the widely publicized new lawsuit between Coinbase and the United States Securities and Exchange Commission (SEC), is now gaining steam in the community. Following the exchange’s stance against the SEC, Coinbase CEO Brian Armstrong starts
