Bloomberg News reveals that Square (a payment settlement company owned by Twitter CEO, Jack Dorsey) has joined a Sony, Red Hat, and IBM network to eliminate patent stealing in the crypto space. According to Bloomberg, the network was created sixteen years ago. Square’s legal adviser revealed that most crypto projects might be sued over intellectual…
El Salvador has been a raging success when it comes to crypto adoption; during this transition, both IMF and World Bank approached El Salvador and advised the country not to proceed with this transaction as it would destabilize the whole economic progress within the region. But El Salvador did take this initiative and made the…
According to various media reports, the Indian authorities have disclosed that it is more interested in earning tax from crypto players instead of banning the industry out-rightly. But, the sources also revealed that the authorities wouldn’t classify it as an asset category despite taxing the industry. Good News For Indian Crypto Players The news comes…
The crypto world shook with the announcement of El Salvador’s adoption of Bitcoin as the country’s legal tender. The effect of this development on El Salvador as a country is massive as life would change for everyone in the country. Its economy will however enjoy the highest percent of this change as the financial scene…
Naomi Osaka, one of the biggest stars in the world of professional tennis, recently talked about her interest in cryptocurrencies, specifically Dogecoin (DOGE). She had also previously launched her own non-fungible token (NFT), thereby joining the growing list of celebrities who have recently become actively involved with the NFT industry. Osaka interested in DOGE Osaka…
The Chairman of the Economic Financial Crimes Commission has called out the growth of cryptocurrency as something dangerous and a threat to the world economy. The EFCC is a Nigerian agency that monitors financial activities and investigates any fraudulent activities that may have occurred, including embezzlement. The chairman Abdulrasheed Bawa revealed the danger cryptocurrency poses…
ETH price surge has attracted interest from investors towards various ETH derivatives. Glassnode data shows that institutional investments in ETH futures reached new peak levels yesterday, surging past the previous peak level of $11.28B to $11.7B. Carry Trading And Ether Futures A top executive with n.exchange, Gustavo De La Torre, said that the value has…
In Australia, crypto exchange giants, BTC markets, and a local bank, Volt, have announced a partnership. The local bank will be volt users’ fiat managers for the local currencies. Users Can Perform Settlement Transactions Easily Users can perform settlement transactions on the country’s fast payment platform, the new payments platform. The exchange’s CEO said, “our…
The recent swarm of cyber-attacks has apparently upset blockchain networks’ and crypto exchanges’ security systems; thus, the management of Cardano Foundation invites hackers to participate in a hackathon to win bounties. Cardano’s notable vulnerabilities In an announcement on Thursday, it has been disclosed by the foundation that collaboration had been made between it and KackerOne…
In less than a week, the South American country El Salvador is going to become the first country in the world to accept Bitcoin as a legal tender. The move has been criticized by many, and recent protests show that the locals are also not very thrilled about the mandated Bitcoin laws. The members of…
Briefly – AVAX has struggled over the previous week. The crypto formed a declining wedge shape. 100 MA serves as the alt’s support. Avalanche (AVAX) had registered healthy surges over the past weeks, increasing by more than 200%. With these actions, AVAX attained a new high after battling for many months. The crypto project has…
