Crypto news

Sony’s wholly-owned subsidiary – Sony Network Communications – has injected $3.5 million in a seed round for Singapore Web3 tech giant, Startale Labs in addition to yet another strategic collaboration. The deal was conducted via a private placement of new shares and did not have any other investors. Both firms have announced appointing Jun Watanabe, President and Representative Director of Sony Network Communications Inc., as a director of Startale Labs as part of the...

One Trading intends to launch USD trading pairs, launch derivatives offerings, and announce new crypto listings including Bitcoin and Ethereum. After operating as one entity since 2019, Bitpanda and Bitpanda Pro have separated with the latter rebranding to One Trading following the successful closure of a Series A funding round with €30 million. According to the announcement, Bitpanda will retain a small stake in the new entity but will continue to operate independently in its future...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Mona Faiz Montrage – an influencer on Instagram that’s originally from Ghana, but now lives in New Jersey – has been arrested for allegedly taking part in a romance scam that saw several old men send her lavish gifts including prepaid cards and cryptocurrency. Mona Montrage Sent to Court According to her...

The possibility of FTX reopening its crypto exchange services under the new management has been tagged feasible by some industry observers. The FTX derivatives exchange, the bankrupt cryptocurrency trading platform, has recently unveiled its plans to revive its international crypto exchange, according to reports by Wall Street Journal. This decision comes in the face of a tarnished reputation, as its bankruptcy caused a series of setbacks and challenges that have affected its standing...

The European Commission’s proposals for the use of cash and the digital Euro contain similar content as a draft bill leaked earlier in June. The European Union has published proposals that seek to preserve the use of cash in the region, while simultaneously setting a framework for the possible issuance of a digital euro. According to proposals by the European Commission, the aim is to ensure that banknotes and coins are still as accessible as ever while digital options are also supported....

Ripple’s price has remained relatively stagnant, displaying minimal fluctuations within a narrow range for the past couple of weeks. However, the BTC-paired chart offers a more intriguing perspective. Technical Analysis By: Edris XRP/USDT Daily Chart: The price of Ripple has been consolidating above the 50-day moving average against USDT, which is located around $0.48, after facing rejection at the $0.6 resistance level once again. A potential breakdown of the 50-day moving...

KuCoin CEO noted that the increased adoption of cryptocurrency has pushed the number of related security issues higher. Leading cryptocurrency exchange KuCoin has introduced additional checks to its KYC verification process. In a bid to comply with global anti-money laundering regulations, the firm announced the KYC system upgrade on June 28. As part of the upgrade, all new users will have to complete mandatory identity checks from July 15. Without this, such users will not have access to...

Tether – the company behind the world’s largest stablecoin USDT – signed a Memorandum of Understanding (MOU) with Georgia’s government. The partnership reinforces the firm’s position as “a pioneering infrastructure partner for cities and nations globally” and will assist the country in its effort to become a global center for blockchain technology. Georgia Strengthens its Position in the Crypto World According to a document seen by CryptoPotato, the signed collaboration could...

Innoviti processes over $10 billion in transactions annually across more than 2,000 cities in India.  Innoviti Technologies, an Indian fintech startup, is exploring a fresh funding round that could potentially value the company at approximately $350 million, Bloomberg reported on June 28, citing people familiar with the matter. According to the report, the company seeks to raise around $25 million in the financing round to boost its business offerings and increase its market dominance....

The latest announcement means that Tencent and Ant want to allow visitors to make payments with different vendors in China. Foreigners can now easily pay for goods and services in China as payment giants Tencent and Ant Group said users can directly link international credit cards to their platforms. Therefore, tourists can connect their pay via the two dominant mobile pay apps- Tencent’s WeChat Pay and Ant Group’s Alipay. Over the years, China’s payment system has kept credit cards out of...