Due to the ongoing political and economic unrest in the nation, the rate at which Argentineans exchange their native fiat currency, the peso, for dollars has drastically decreased. Martin Guzman, the country’s economy minister, abruptly resigned, shocking many because he […]
Argentinians hedging savings using Stablecoins amidst economic unrest Read More »
The embattled cryptocurrency industry is once again under stress after Singapore-based loan, and trading platform Vauld announced on Monday that it would halt withdrawals and trading and seek new investors. Despite its best efforts, Vauld said this mainly had arisen
The largest cryptocurrency lender, Nexo, is interested in buying the Singaporean exchange for digital assets, Vauld. Nexo and Vauld reportedly agreed to a 60-day exclusive exploring period centered on the latter’s potential acquisition. If the deal is successful, Nexo might
Nexo in talks to Acquire Distressed Vauld Read More »
According to Bloomberg, Meta has decided to stop the pilot program for Novi, the company’s digital wallet and the final component of its difficult cryptocurrency project. Instead, meta requests that users take their cash “as quickly as possible” from the
In The Wake Of The Cryptocurrency Crisis, Meta Will Shut Down Novi Read More »
First Deputy Governor Olga Skorobogatova stated in an interview with the Tass news agency that the Central Bank of the Russian Federation (CBR) will create a roadmap for implementing the digital ruble by the end of 2023, which is an
Central Bank of Russia Expedites Schedule for Digital Ruble Project Read More »
According to JP Morgan’s strategists, the bottom of the crypto market’s weeks-long freefall may be in sight. Since the skyrocketing prices in November of last year, about $2 trillion in market value for cryptocurrencies has vanished. However, according to Nikolaos
With The End Of Crypto Deleveraging, Better Days Are Ahead: JPMorgan Read More »
OpenSea, an NFT marketplace, experienced a data breach due to a worker at its email delivery partner leaking customer information. An employee of Customer.io “misused their employee access to obtain and distribute email addresses – provided by OpenSea users and
Due to an Email Delivery Partner’s Address Leak, OpenSea Suffered a Data Breach Read More »
Gavin Wood, the founder of Polkadot, revealed Gov2, the DOT ecosystem’s next phase of governance. The Polkadot network won’t be asked to vote on a proposal until the v2 has been tested on Kusama. According to an accompanying blog post,
Polkadot Unveils Proposal for Blockchain Governance Upgrade Read More »
A draft resolution that might potentially exempt issuers of digital assets from paying value-added tax was recently adopted by Russian MPs. On income obtained from the sale of such assets, new tax rates have also been established. According to Reuters,
Russian Parliament Approves Potential Tax Exemption for Digital Asset Issuers Read More »
The Central African Republic’s president, Faustin-Archange Touadéra, has said that the government will support a project to build the nation’s blockchain infrastructure. When the President approved a law establishing a legal framework for cryptocurrencies and designating Bitcoin as an official
Following Bitcoin Adoption, Central African Republic Reveals Upcoming Crypto Hub Read More »
