When crypto companies in the UK apply to various banks for access to various services, their applications are frequently denied, and they are needed to provide further paperwork. These companies face a number of obstacles and difficulties. (1) It all started in February, when HSBC Holdings plc and National Westminster Bank, also known as simply … Read more
New technologies, like web3, are presenting businesses with new opportunities for distribution. A perfect example of this would be airlines, which now have additional channels via which they may sell tickets. Flybondi LCC, Argentina’s first low-cost carrier and one of the most recent businesses to embrace web3, is also one of the most innovative enterprises. … Read more
As competition for digital currencies heats up, the government of Japan is considering establishing a commission to investigate the viability of a digital version of the yen. According to recent reports, the Ministry of Finance is contemplating the possibility of forming an expert panel in April to investigate whether it would be possible to issue … Read more
Radiant Capital (RDNT), a decentralized and non-custodial lending platform, is the 32nd project to be enlisted to the Binance Launchpool. (1) Users can reportedly stake both Binance Coin (BNB) & TrueUSD (TUSD) into different pools to harvest RDNT tokens over forty days, according to reports. On March 31st, farming will get underway with a total … Read more
In a manner that is analogous to that of the United States, regulators in Canada have been increasing the pressure they exert on active crypto companies in the region. As a result of the burdensome regulatory climate, a number of exchanges are making preparations to relocate outside of the nation. Coinbase, a cryptocurrency exchange, has … Read more
In his most recent testimony before the House Appropriations Committee, Gary Gensler, Chairman of the US SEC, said that the United States had a perfectly suited law for the cryptocurrency business. According to a report (1), Gensler asserted that the existing Securities law already applies to crypto businesses and that there is no requirement for … Read more
Mercado Libre Inc, the most valuable e-commerce firm in Latin America with a market valuation of $61.56 billion, has made the announcement that it will be expanding its cryptocurrency trading services to Chile. (1) Users in Chile may now purchase, sell, and store Bitcoin (BTC) and Ethereum (ETH) directly within the Mercado Pago wallet app. … Read more
On the forthcoming fine art platform Freeport, tokenized replicas of a selection of Andy Warhol’s works are scheduled to debut. This comes as a direct result of the recent permission that the blockchain-based platform that focuses on art received from the United States Securities and Exchange Commission (SEC). Freeport had been working diligently as of … Read more
Circle, the company that issues USDC stablecoins, was dealt a significant blow earlier this month when the Silicon Valley Bank (SVB) went bankrupt. SVB was Circle’s primary banking partner, and that partnership’s failure resulted in significant withdrawals of the USDC stablecoin. The USDC stablecoin at one point lost its USD peg, which caused more concerns; … Read more
Wakweli, a company that provides infrastructure services for Web 3.0, has signed a strategic collaboration agreement with Polygon, a layer-2 protocol that is based on Ethereum. Wakweli will expand its Non-Fungible Token (NFT) certification system to Polygon for the benefit of all applications based on the protocol, according to the terms of the agreement contained … Read more