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Search Results for: Cryptocurrency

Ripple Teams Up With Montenegro Central Bank For CBDC Launch

Montenegro’s Prime Minister Dritran Abazonic has stated that the country’s central bank would be working with Ripple to create a central bank digital currency (CBDC). While in Davos, Switzerland for the World Economic Forum, the country’s Prime Minister allegedly met with Ripple CEO Brad Garlinghouse and Vice President James Wallis.

January 31, 2023 2 mins read

Meme Themed NFTs on Bitcoin Network by Ordinals Protocol

A new technique known as “Ordinals” is making waves in the Bitcoin ‘BTC’ community. The idea enables non-fungible tokens (NFTs) to transact directly on the Bitcoin blockchain. The consequences triggered a divide between Bitcoin sophists and others who believe the network is wide and diverse enough to support a variety

January 31, 2023 2 mins read

Kazakhstan Receives Parliament Nod For Adopting Crypto Legislation

A law to establish guidelines for the use of cryptocurrencies and other similar activities in Kazakhstan has been approved by the upper house of parliament in the country. Local media have claimed that the new legislation “On Digital Assets in the Republic of Kazakhstan” together with other legislative papers pave

January 30, 2023 1 min read

FTX Urges Court to Exclude Turkish Subsidiary From Bankruptcy Proceedings

Since court decisions from U.S. courts do not have a legal or practical impact in Turkey, the defunct FTX cryptocurrency exchange has asked the bankruptcy court in Delaware to exclude its Turkish subsidiaries from the case. In its Friday filing, FTX also claimed that it has “no reason to believe

January 30, 2023 2 mins read

Tron Founder Justin Sun Confident of China Embracing Crypto Sector

After a crackdown on cryptocurrency trading and mining in the middle of 2021, Tron founder Justin Sun claimed Monday that China is plotting a return to the sector. With the introduction of a tax on crypto transactions, China has taken a major step toward cryptocurrency regulation. Justin Sun is unwavering

January 30, 2023 2 mins read

Binance and Mastercard Join Forces To Offer Binance Crypto Card in Brazil

Monday saw the announcement that Mastercard and Binance will be releasing a prepaid card in Brazil, Latin America’s economic powerhouse. According to the announcement, after Argentina, Brazil will soon get access to the so-called Binance Card. It is now under beta testing and will likely roll out to the public

January 30, 2023 2 mins read

Change in the Altcoin Market Trend Identified by Crypto Traders

As the cryptocurrency market continues to evolve, so do the strategies utilized by crypto traders. Recently, a seasoned crypto trader identified an emerging trend in the altcoin market. This could have significant implications for traders looking to capitalize on the volatile market.  Moreover, this savvy trader noticed that certain altcoins

January 30, 2023 2 mins read

Philippines SEC Proposes Legislation For More Control Over Crypto Sector

In a new set of proposed regulations, the Philippines Securities and Exchange Commission (SEC) aims to expand its purview to include virtual currencies and to increase its control over the country’s crypto space. Local media source Manila Bulletin reported on January 25 that the securities regulator has proposed drafting regulations.

January 30, 2023 1 min read

CertiK Claims To Have Identified Monkey Drainer Linked Scammers

CertiK, a blockchain security company, reckons it has identified at least one individual who has been related to the “Monkey Drainer” phishing scheme. A malicious actor going by the name “Monkey Drainer” has been using “ice phishing” to steal NFTs using smart contracts. The perpetrators of this phishing scheme have

January 30, 2023 1 min read