El Salvador’s Bitcoin wallet Chivo scores $52M in remittances in 2022
El Salvador payment app Chivo processed $52 million in remittances over the past 6 months, as expatriates make use of...
Month: July 2022
Salary payments in USDT stablecoin ruled as illegal in the Chinese court
Tether USDT stablecoin cannot be used for salary payments, a Chinese court ruled, citing the country’s blanket ban on all...
Web3 will unite users from social media platforms, says Aave exec
At this year’s NFT.NYC conference, Aave executive Christina Beltramini shared detailed insights into the platform’s recent launch and future vision....
Crypto tax deters 83% Indian investors from crypto trading: WaxirX report
With two consecutive taxes ready to eat away at their holdings, most Indian investors have seemed to have opted for...
India Hikes Duty on Imported Gold, Seeking to Bring Down Trade Deficit
In its attempt to relieve the pressure against the rupee, the Indian government announced on July 1 that it had...
Crypto Lender Nexo Moves Forward With Plan to Acquire Troubled Rival Vauld
Leading cryptocurrency lender Nexo has offered to buy distressed competitor Vauld, which halted operations in the face of financial difficulties....
Argentina Runs to Stablecoins Amidst Political and Economic Uncertainty
Citizens of Argentina are hedging their savings by using stablecoins amidst the recent climate of uncertainty created by the resignation...
Fed conference hears stablecoins may boost USD as global reserve currency
The underlying tech of a central bank digital currency wasn’t enough to convince some panelists at a Fed conference that...
The bottom is in: CNBC’s Jim Cramer says crypto has “no real value”
Mad Money host Jim Cramer has changed his sentiment on crypto again, predicting the total market cap will tank below...
MakerDAO voting on collaborating with a traditional bank
The Maker Protocol could extend yet another arm into the traditional finance space if a proposed integration with a Pennsylvania-based...
Bitcoin Price Prediction for Today July 5: BTC Price Holds as It Struggles Below $21K
Bitcoin Risks Further Decline as It Struggles Below 21K – July 5, 2022 On July 5, Bitcoin’s (BTC) price rallied...
Singapore Considers Imposing New Restrictions on Crypto Trading
The Monetary Authority of Singapore (MAS) has told Parliament that the central bank is considering imposing additional restrictions on cryptocurrency...
Leaked Personal Data of 1 Billion Chinese Citizens on Sale for 10 Bitcoins — Hacker Claims Stolen From Shanghai Police
A hacker claims to have stolen the personal data of a billion Chinese citizens from the Shanghai National Police (SHGA)...
Meta to Slow Hiring in 2022, Hints at Layoffs After Metaverse Pivot
Meta, the company formerly known as Facebook, is preparing to face a strong market downturn. According to reports, Mark Zuckerberg,...
PennyWise crypto-stealing malware spreads through YouTube
The malware targets Zcash and Ethereum wallets alongside Electrum, Atomic Wallet and Coinomi, it takes your browser extension and login...
