Vitalik Buterin, the co-founder of Ethereum, has contributed $15 million USDC from the Balvi Philanthropic Fund. This is towards the University of California, San Diego, to fund studies into airborne diseases. This grant is said to be the largest ever contributed to open-source research on aerosols. And one of the
Despite the fact that the Indian government and central bank have been skeptical of the cryptocurrency market, they are now striving to provide some regulatory clarity to the topic. Crypto and NFT businesses in India are considered “reporting entities” under the country’s Prevention of Money Laundering Act (PMLA), according to
According to reports in local media, China’s central bank digital currency (CBDC) is now accepted as payment on the country’s most popular social networking and payment app, WeChat. The initiative’s stated goal is to increase the digital yuan’s popularity. After Alipay, WeChat is now the second payment platform to implement
Several altcoins were offered as souvenirs to the co-founder of the world’s second-largest blockchain, Ethereum, but he has swapped them recently. The on-chain data portal Lookonchain reports that Vitalik Buterin has converted over $700,000 worth of various altcoins into ETH. He has already made a profit of 1.25 ETH from
Today was the first day of Federal Reserve Chair Jerome Powell’s semiannual hearing on monetary policy. Talking to a group of senators, he told them that the Fed is determined to get inflation down and would do everything it takes to make that happen. It was made quite plain by
The most recent verdict in the US SEC vs. Ripple litigation may cause XRP prices to surge. On Monday, U.S. District Judge Anastasia Torres released her ruling on the parties’ petition to exclude expert evidence. The ruling from the court indicated that the parties’ application was granted in part and
On Tuesday, the Thai government announced that it will exclude businesses that issue digital tokens for investment from paying corporate income tax and value-added tax. After easing tax laws for crypto trading last year, Thailand has taken yet another positive step toward the cryptocurrency sector. According to Reuters, on March
To assist fill the void created by the closure of Silvergate Exchange Network (SEN). Payments processor BCB Group is speeding up plans to offer U.S. dollar capabilities, according to CEO Oliver von Landsberg-Sadie in an interview. In Europe, BCB is headquartered in London. And is the first cryptocurrency company to
As a result of the Silvergate Debacle, the price of Ethereum, the second biggest cryptocurrency, is coming under heavy selling pressure. Investors are wary of reentering the market after Silvergate’s recent filings raised the spectre of the company’s collapse. Yet, a sleeping whale’s wallet was seen splurging from its fund
A copy of Multicoin Capital’s yearly investor letter revealed a 91.4% loss for the hedge fund in 2022. The fall was blamed in the letter on the tumultuous year for cryptocurrencies and the direct and indirect effects of the FTX crypto exchange’s closure. The letter stated: “While the fund successfully
