Bybit deposits in U.S. dollars are “No Longer Available,” and withdrawals may only be made up to March 10. The cryptocurrency exchange headquartered in Dubai reported that it temporarily halted accepting U.S. dollar deposits made via bank transfer due to a partner-triggered service failure. Bybit has notified (1) on its website that all wire transfers … Read more
The Moscow Credit Bank in Russia is responsible for the most recent noteworthy event: issuing a blockchain-based promissory note denominated in Chinese yuan. According to the current exchange rate, this service is the first of its kind to be offered anywhere in the country and comes with a bank guarantee of more than 100 million … Read more
The Brazilian neo-bank Nubank has announced its intentions to make its cryptocurrency, Nucoin, available to all of its Brazilian customers. In October 2022, the bank, which serves over 70 million people in Brazil alone, officially announced the free token. Around that time, Nubank mentioned that it would collaborate with Polygon blockchain to develop its loyalty … 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
KuCoin, a cryptocurrency exchange situated in Seychelles, has cooperated with data aggregator 1inch DeFi to add native token swap capability to its internal wallet. KuCoin has released a decentralized product named KuCoin Wallet Through GameFi, Decentralized Finance (DeFi), and Non-Fungible Tokens (NFTs) functionalities, KuCoin Wallet offers consumers encrypted services for a convenient Web3.0 experience. To … Read more
There were 105 websites that were taken down because they promoted the marketing of virtual currencies, published explainers on cross-border currency speculation, and pushed explainers on mining virtual currencies. Weibo and Baidu, two of the largest social media platforms in China, have each terminated 12,000 fraudulent accounts that promoted the purchase of virtual money. Users … Read more
Ryan Felton, a film producer, based in Atlanta, has pled guilty to charges that indicate he operated a cryptocurrency scheme that resulted in the theft of more than $2.5 million from cryptocurrency investors. The film producer, indicted in the United States for his activities around the cryptocurrency projects Flik and CoinSpark, reported that the film … Read more
Although the cryptocurrency industry and its digital assets, such as Bitcoin (BTC), are becoming more and more well-known, certain governments are still undecided about whether or not to allow direct consumer advertising, particularly in France, where crypto advertisements are subject to rigorous rules. Indeed, as RacingNews365’s Dieter Rencken revealed on July 26, numerous Formula 1 … Read more
Cynthia Lummis, a senator, stated that senators unfamiliar with cryptocurrency would require some time to understand and process the suggestions. According to the two senators, the key crypto legislation spearheaded by Republican Cynthia Lummis and Democrat Kirsten Gillibrand of the United States Senate will most likely be postponed until the next year. During their appearance … Read more
According to the Bitcoin Mining Council’s most recent Q2 2022 report, almost 60% of the electricity used to power Bitcoin mining equipment comes from green sources (BMC). In its Q2 review of the Bitcoin network, released on July 19, the BMC found that the worldwide Bitcoin mining industry’s use of renewable power is up 6 … Read more