Wed, September 16

$2500 Fine For Misleading Information Being Reinstated by PayPal?

On November 3rd, the new restricted-expression policy will go into effect. It has the ability to initiate automatic withdrawals from users. Rumor on social media platforms is that PayPal has reinstated its $2,500 fine for each time the business determines a user has posted false information. The financial services behemoth

October 28, 2022 2 mins read

Q9 Capital Granted Virtual Asset License by Dubai’s Regulator

The firm has filed for a complete operating license and has made public its plans. There are now Q9 branches in Hong Kong, London, and Limassol. Q9 Capital, a cryptocurrency investment platform based in Hong Kong, has been granted temporary virtual asset permission by the Virtual Asset Regulatory Authority of

October 27, 2022 2 mins read

Bitcoin Mining Firm Core Scientific Likely to File For Bankruptcy

Nasdaq-traded shares of the company dropped by 70% immediately after the news broke. The miner said Celsius’s refusal to pay was costing it almost $53,000 per day. Core Scientific, one of the largest Bitcoin miners in the world, has warned that it may have to file for bankruptcy due to

October 27, 2022 1 min read

Credit Suisse Plans Laying Off 9000 Personnel Post $4.09B Loss

Credit Suisse reported a net loss of 4.034 billion Swiss francs [$4.09 billion] for Q3. By 2025, the bank hopes to have reduced its cost base by 15 percent. Credit Suisse, a Swiss investment bank and provider of financial services, made headlines at the start of the month due to

October 27, 2022 1 min read

Whale Alert: 15K Bitcoin (BTC) Moved Post Recent Rally

After an 8% increase in value over the last 24 hours, the Bitcoin price is now at $20,764. A whale withdrew 1,389 Bitcoin from FTX, valued at almost $29 million. In the last 24 hours, the price of a Bitcoin (BTC) has risen to a high of $20,764. Increased whale

October 26, 2022 1 min read

Tao Bitcoin Acquired by Bitcoin ATM Operation RockItCoin

RockItCoin now manages almost 1,900 machines in 44 states after the acquisition. CEO and creator of RockItCoin expected further acquisitions in Q4 2022. On October 25th, Bitcoin ATM provider RockItCoin announced that it has acquired Tao Bitcoin. Located largely in the southern part of the United States, Tao Bitcoin operates

October 26, 2022 1 min read

Western Union’s Recent Trademark Filing Hints Crypto Foray

Western Union submitted trademark applications for three products on October 18. It formed a partnership with Ripple in 2015 to settle remittance payments. According to trademark applications that Western Union submitted last week, the company may soon begin offering services related to cryptocurrencies. It’s the latest in a series of

October 26, 2022 1 min read

Cash App Now Supports Receiving Bitcoin Via Lightning Network

With this fix, they may use it to get bitcoin as well which was only limited to sending. Over 44 million people use the app every month. Lightning Network Bitcoin transactions are now available to Cash App customers. Today, Cash App Bitcoin Product Lead Michael Rihani tweeted the news, and

October 26, 2022 1 min read

Twitter Purchase by Elon Musk Likely To Be Closed This Week

Closing is expected to occur on Friday as per reports. The banks have completed finalizing the $13 billion loan. Elon Musk’s alleged impending acquisition of Twitter is gaining momentum. Musk held a video call with the debt bankers to share the news. According to the information provided by those involved

October 26, 2022 2 mins read

UK Passes Bill Recognizing Crypto as Regulated Financial Instruments

Last week, Prime Minister Liz Truss announced her resignation. The lower chamber of Parliament approved the bill. The economy of the UK has been in steady decline. Inflationary worries and the energy crisis are only two of many problems that the public has had to face recently. And in the

October 26, 2022 2 mins read