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Search Results for: Cryptocurrency

FCA of UK Clamps Down on Crypto ATMs Over Non-registration

Recently, the Financial Conduct Authority (FCA) in the United Kingdom has been clamping down on cryptocurrency ATMs. That are not properly registered. The authority claims to have recently visited and investigated a number of locations near Leeds. It is a city in Northern England that was suspected of housing illegally

February 14, 2023 2 mins read

Binance Praises ChatGPT Over Assisting Crypto Adoption and Education

Binance has published a blog post endorsing ChatGPT and highlighting the platform’s potential for advancing crypto adoption and education. The chatbot created by OpenAI has gone viral, becoming one of the most popular consumer apps ever. In a recent post, the crypto trading platform gushed over the revolutionary possibilities of

February 14, 2023 2 mins read

Court Allows FTX’s Turkish Subsidiary To Be Excluded From Proceedings

On Monday, Judge John T. Dorsey of the Delaware Bankruptcy Court approved the discharge of FTX’s Turkish firms from the U.S. bankruptcy proceedings of the defunct exchange. Last month, FTX asked for this order to be signed, stating that the Turkish firms should be excluded since their inclusion is “not

February 14, 2023 1 min read

U.S Inflation Falls to 6.4% in January as per Recent Release

Near the conclusion of last year, inflation in the United States began to moderate. As the CPI data has been refined over the previous several months, this tendency has been confirmed once again. The 7.1% inflation rate recorded in November was below market forecasts. This trend continued in December when

February 14, 2023 2 mins read

Bakkt Announces Discontinuation of Consumer App as of March 16

Bakkt, a platform for managing digital assets, has now stated it would discontinue its consumer app in favor of interacting directly with companies to provide them “with crypto and loyalty experiences for their customers through SaaS and API solutions.” On March 16th, there will be a final shutdown of the

February 14, 2023 1 min read

A Mysterious Ethereum (ETH) Address Suddenly Revealed

The crypto community was recently taken aback when an Ethereum (ETH) address that had been dormant for an astonishing seven years suddenly sprang to life. However,  the address contained a total of roughly 100 ETH (which currently amounts to around $149,980).  Thus causing a flurry of speculation and excitement throughout

February 14, 2023 1 min read

SEC Scrutiny Against Paxos Led Massive Binance Withdrawals

Since the announcement of the US Securities and Exchange Commission (SEC) action against Paxos and its stablecoin Binance USD, the largest cryptocurrency exchange Binance has experienced a spike in withdrawals from its users.  The stablecoin BUSD also known as Binance USD, was introduced in 2019 by Binance and Paxos. Then

February 14, 2023 2 mins read

Wirex Collaborates With Payments Giant Visa For Crypto Debit Card

Visa, a leader in digital payments, has announced a collaboration with the cryptocurrency payments app Wirex, allowing the latter to issue cryptocurrency debit cards to customers in more than 40 countries. Today, the two corporations issued a statement formalizing their relationship, marking the beginning of a long-term, worldwide alliance between

February 14, 2023 1 min read

Shiba Inu’s Shibarium Has Not Set Launch Date

While the ‘SHIB Army’ eagerly awaits the Layer-2 blockchain “Shibarium” upgrade, its lead developer Shytoshi Kusama once again updated his Twitter bio as “Smiling for our future. Solemn for those we lost”, with #condolences and tagged Shiba Swap developer. It may be an alert for the Shib community. The Shibarium

February 14, 2023 2 mins read

Huobi Announces Shut Down of Huobi Cloud Wallet as of May 2023

Huobi, a cryptocurrency exchange, has stated that, due to “strategic and product adjustments,” it would no longer provide its Huobi Cloud Wallet service after May 2023. According to a post on Huobi’s help page, the multitoken wallet service will no longer get updates or bug fixes as of February 13.

February 14, 2023 1 min read