On Tuesday, Bitcoin along with several other cryptocurrencies printed massive losses, with the total market capitalization of the sector losing nearly $200 billion. While the flagship cryptocurrency fell below $40,000, many altcoins recorded double-digit losses. Although Bitcoin has reclaimed the $40,000 benchmark, Ethereum is still trading at less
According to local reports, one of Brazil’s leading banks, BTG Pactual, is looking to launch an initiative that will allow customers to trade digital assets directly through a new platform called Mynt. The product, which is expected to launch in Q1 2022, will include the two leading cryptocurrencies Bitcoin
Binance will no longer allow its Australian users to access its futures and options trading products. According to a Tuesday announcement, Aussie customers will have 90 days to exit their position beginning from September 24th. Furthermore, the leading exchange is also set to remove support for leveraged tokens, a derivative
A recent poll conducted by Redfield & Wilton Strategies on 9,700 eligible voters suggests that 42% of Texans would vote to make Bitcoin an official currency. The survey also revealed that Texas is the crypto-friendliest swing state in the US. Meanwhile, about 40% of respondents from Arizona were totally
Following an earlier warning from the SEC, Coinbase has decided to shut down its crypto lending product. In a recent blog update, the leading crypto exchange announced that its USDC APY program would no longer be launched. Coinbase blamed its decision on a lack of clarity from regulators. Since Coinbase
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The cryptocurrency industry already has countless use cases, even though we are still only beginning to discover all the ways that it can be applied to change the world as we know it. Of course, there are some obvious ones, such as making transactions faster, cheaper, and near-instant around the
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Digital Swiss Franc, a cryptocurrency entity, has announced its partnership with a leading e-commerce platform called Mycashbackworld. This is a welcome development in the eCommerce industry as over 200 million crypto users worldwide can purchase products online and offline using their crypto assets. The retail and e-commerce industry is undoubtedly
El Salvador has continued to increase its Bitcoin stash. The Central American nation has added an extra 150 BTC to its crypto holdings, bringing the value of its stash to 700 BTC. President Nayib Bukele posted a tweet claiming that “[El Salvador] just bought the dip.” We just bought the
Cross-chain DeFi protocol pNetwork is the latest victim of a security breach resulting in the loss of $12 million worth of BTC. The unknown perpetrator stole 277 Bitcoins by leveraging a codebase bug. 1/N We're sorry to inform the community that an attacker was able to leverage
The Central Bank of Russia (CBR) is reportedly working with commercial banks in the country to delay payments made to crypto exchanges. A CBR official explained during an event in Sochi that the objective of slowing down crypto exchange payments is to limit the so-called “emotional” purchases made by “unqualified”
In a Sept 18 meeting that took place in the city of Mersin with students from 81 provinces, Turkey’s President Recep Tayyip Erdogan said that the country was at war with cryptocurrencies. President Erdogan asserted that the country has no problem with the spread of digital assets but that
A few days ago, SushiSwap suffered a supply chain attack on its token platform (MISO). This led to the loss of 864.8 ETH (worth about $3 million) from the ‘Jay Pegs Auto Mart’ token auction contract. Interestingly, a few hours later the hacker almost completely emptied his address (according
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The social network industry is always innovating and harnessing the latest technology to reach more eyes and ears (users). With every great innovation comes curtains hurdles, and the social media industry has its fair share of all these. Things like digital piracy, inaccurate royalty distributions, erroneous data generation, fraudulent content,
Bitcoin & Ethereum * Zimbabwe’s Finance Minister urged citizens to embrace Bitcoin payments. * In a bid to become a safe haven for cryptocurrency activities, the El Salvadoran government will exempt foreign investors from paying taxes on their Bitcoin profits. * Business intelligence firm MicroStrategy splashed another $242 million on Bitcoin. * A
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Decentralized finance (DeFi) has been dubbed to disrupt the traditional financial system, but it appears to be doing more than that. With DeFi, people have the opportunity to create the next generation of economic structures that will allow anyone from around the world to participate in revolutionary product developments that
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Recent reports reveal that El Salvador’s Court of Accounts is gearing up for an investigation into the government’s Bitcoin investment following a complaint. On 10 September, a complaint was filed by the regional human rights organization Cristosal, prompting the investigation. The Court of Accounts is expected to impose