A story published by Reuters on Tuesday stated (1) that the US payments firm Visa was pulling back on its cryptocurrency push amid a collapse within the industry. Those assertions, however, have been refuted by Visa at this time. The Head of Cryptocurrency at the processing company, Cuy Sheffield, responded (2) to the news via … Read more
Goldman Sachs, which is an investment bank, has said that there is a strong possibility that the company would hire additional workers to strengthen its digital assets division. Mathew McDermott, the worldwide head of the team, reportedly affirmed in an interview (1) that the bank continues to be “hugely supportive” of blockchain applications. Hence, even … Read more
The Lotte Group, a multinational conglomerate based in South Korea, has teamed with Polygon to grow its business dealing in non-fungible tokens (NFT). Reports indicate that Lotto intends to employ widespread blockchain technology to launch its NFT operations onto the global market. Daehong Communications, which serves as Lotte’s marketing and NFT hub, has also supplied … Read more
Alchemy Pay, a cryptocurrency gateway platform, recently announced that it had successfully obtained a license from the Bank Sentral Indonesia (BNI), working with a local fintech company called Berkah Digital Pembayaran. As a consequence, Alchemy Pay will be able to conduct money transfers and payments in the area. Earlier this morning, February 27, Alchemy Pay … Read more
Recent announcements by Huawei Cloud include the formation of the Metaverse and Web3 Partnership to increase the use of decentralized technologies in East Asian countries. This endeavor was completed with the collaboration of the cloud division of the Chinese multinational technology giant Huawei Cloud and several companies in the blockchain space. BlockChain Solutions, Deepbrain Chain, … Read more
Alexis Ohanian, the co-founder of Reddit, is a partner at Seven Seven Six, a venture capital firm that plans to raise $177.60 million for a new cryptocurrency-focused fund that will be called Kryptós. According to the marketing materials for the fund that were viewed by The Information, it was said that “this is possibly a … Read more
According to estimates provided by Triple A, a company that provides crypto business solutions, the United States is in the lead when it comes to the ownership of cryptocurrencies, with 46 million owners. This number is almost twice as high as India’s 27.4 million owners, which is in second place. On the other hand, when … Read more
The robust expansion of the Solana ecosystem in the second quarter of 2022 is attributed, in part, to the success of GameFi and DAOs, as stated in a study that spans 32 pages and was compiled and published by ByBit. During the course of the quarter, there was a rise in DAO activity, ongoing volatility … Read more
According to a member of the nation’s tax compliance special staff named Yon Arsal, Indonesia has gathered close to $6.8 million in revenue since the implementation of taxes on fintech and cryptocurrency transactions in May. Arsal voiced his confidence that the number would increase during a recent retail conference. He reasoned that since the taxes … Read more
Cryptocurrency regulators in Australia are seeking to do something that no other government has ever done before. The Australian Treasury issued a statement on Monday announcing a multi-step strategy for establishing a crypto regulatory regime that it asserts is more comprehensive and effectively than those previously developed “anywhere else in the world.” The statement refers … Read more