The two brothers operating the infamous Africrypt exchange have denied the allegations of swindling crypto exchange’s customers. Instead, they have argued through their counsels that they are evident victims of a hack attack and they were the hackers who actually plundered the crypto funds belonging to Africrypt’s customers. They have also alleged that the media…
JPMorgan analysts revealed that Bitcoin (BTC) could still experience an adverse impact on its growth. The analysts further commented about Grayscale’s GBTC sales and how this could be a potential headwind for Bitcoin. The JPMorgan strategists remain reluctant in altering the stance about the potential negative outlook regarding Bitcoin as well as the crypto market…
Stablecoins play a crucial role in the world of cryptocurrencies. These coins are tied to the U.S dollar, and so the value will always be around $1, which makes these tokens useful to rely on for the purposes of trading as well as storing crypto safely whilst waiting for a dip or a way for…
The process requiring crypto exchanges to obtain has already begun in Portugal. Already two of the local crypto exchanges have been granted licenses by the Banco de Portugal – the central bank of Portugal. The responsibility for granting operation licenses, registration, and permits to crypto exchanges was handed over to Portugal’s central bank. The government…
Local press in South Africa noted that some of the country’s financial institutions have to suspend credit card services to those of their customers who were apparently purchasing digital currencies from crypto trading and exchange firms, which are usually foreign firms. A complaint was reported by a credit cardholder of a particular bank that he…
Is there a connection between the WHACKD, a tokenized form of crypto known as ERC20, and the death of the founder of McAfee Enterprises Inc., the deceased John McAfee, as the value of this unorthodox token is surging to a surprising level. Till Friday last week, WHACKD was swapping hands at a value that was…
The National Deputy of Paraguay, Carlitos Rejala, has confirmed that they are planning to discuss the Bitcoin (BTC) legalization in the next month. Similar intentions have been signaled by various Latin American politicians after El Salvador’s advanced step of adopting Bitcoin to be used legally. The list of countries that are most likely to announce…
Law enforcement agencies of Venezuela have initiated an operation of search and seizure against non-licensed crypto miners. During these operations, approximately 400 plus mining machines, particularly relating to Bitcoin, have been seized and taken into custody by military personnel as well as local police. Other than seizures of mining machines and rigs, at least four…
According to the latest reports from Opera, it has announced the integration of the Celo (CELO) network to its cryptocurrency wallet. The worldwide famous browser operator made the announcement about the integration of CELO on Friday, June 25, 2021. In the official announcement, the firm provided more visibility into the matter. The firm revealed that…
According to recent reports, TSB is going to take actions that will prevent its clients from buying crypto from Binance and Kraken because of the abysmal safety standards of the crypto exchanges. Many banks are making it impossible to buy crypto primarily because of fraud and security concerns. TSB is deeply concerned by the high…
Just recently, the two billionaires and tech gurus have found themselves as one of the hottest topics in the cryptocurrency industry. The founder of Twitter and Square, Jack Dorsey is reportedly having an exchange of arguments with the founder of Tesla and SpaceX, Elon Musk. There is currently a heated up conversation taking place between…
It has not long ago when El Salvador had passed a rule about cryptocurrencies. As a result, cryptocurrencies and Bitcoin (BTC) now have legal status in El Salvador. Although it has not been much of a time since that happened, El Salvador has already fast-tracked the adoption of Bitcoin (BTC) and altcoins in the country….
HitBTC has released an announcement on a new native utility token named HIT to come forth for trading on the exchange. According to information gathered, the HIT token contains more than 800 trading pairs and spot instruments. HitBTC is very optimistic about the launch of this new native Token and has expected it to lay…
Another shocker has been given to a certain group of cryptocurrency users. The shocker is for the users of Polywhale Finance. It has been reported that Polywhale Finance has been abandoned abruptly by the developers of the project. Polywhale Finance is one of the most prominent and popular yield farms, currently leading the particular sector….
Onyx Trade Group Review To evaluate any online trading platform, you must know what they have to offer. Then you can decide if you want to take advantage of whatever they are providing. There are numerous brokerage firms in the market and each one of them has a set of features that they offer. Some…
Partner to a $4Billion Chinese Investment Company and long time Bitcoin Holder has said that Bitcoin is a much better asset to stay with than Gold. According to a tweet from Chinese Bitcoin Outlet, it stated that Andrew Y. Yan, founder and managing partner of SAIF Partners has been keeping a wealthy inventory of Bitcoin…
Yesterday, on 19th June 2021, the Lightning Network (LN) observed an increase in capacity to over 1500 BTC. The Lightning Network (LN) has undergone massive expansion after it was adopted by the bitcoin community in the last year. The surge in capacity shows that the users are comfortable in using the Lightning Network (LN). They…
Globally acclaimed Economics Professor Steve Hanke, who is currently teaching the subject at Johns Hopkins University, has thoroughly examined Bitcoin’s Legal Tender proposal of El Salvador. He has criticized El Salvador as well as Bitcoin because he thinks that Bitcoin will ruin the country’s economy. He denied that crypto has some package for countries that…
Samia Suluhu Hassan, the head of the state for Tanzania, has advised the country’s central bank to look into the option of adopting crypto. The bank has been directed further to submit its proposal with regard to the crypto options directly with the President. It seems as if El Salvador has set up a trend…
The Securities and Exchange Commission of the United States issued a memo that allows for the public to comment on the rule change proposed around the BTC Exchange-traded fund from VanEck, an asset manager. Based on a filing from the SEC on Wednesday, the agency has not reached a concrete decision on whether they would…
