Tag Archives: News

Binance and El Salvador are joining hands to boost the nation’s long-running bitcoin agenda. The digital currency exchange – the biggest and most popular in the world – is garnering two separate licenses to operate in the Central American nation, thus bringing its total world licenses to 18. Binance Gains Ground in El Salvador The documentation was provided by the Central Bank of El Salvador, which is now permitting Binance to serve as a bitcoin services provider...

PayPal recently shocked the world by announcing it would be creating its own stable currency atop the Ethereum network. As a result, several digital currencies are beginning to show signs of life, and price jumps have occurred for major assets over a 24-hour period. Also, crypto investor Charlie Shrem says that the news is going to help launch bitcoin into a new stratosphere and boost Ethereum’s timetable. Charlie Shrem is Proud of PayPal Shrem stated on social...

Blockchain infrastructure company Puffer Finance has recently garnered more than $5.5 million through a seed round that was co-led by Lightspeed Faction and Lemniscap. Other participants included DACM, LBK, SNZ, and Canonical Crypto. Puffer Finance Brings in a Lot of Money The funding is set to boost the company’s development of its new open-source Secure-Signer solution and to establish a permission-less staking pool. Jason Vranek and Amir Forouzani – the...

Crypto scams are more prevalent today than ever. Not long ago, two residents of Southborough were scammed out of more than $31,000 in bitcoin by individuals posing as federal authorities. Crypto Scams Keep Happening One individual lost $30,000 in crypto, while the other lost $1,800. Police lieutenant Sean McCarthy, who oversaw the investigation of the incidents, commented in a recent interview: We’re working with local and state authorities, as well as forensic...

Until FTX collapsed in November, FTX Europe was the only firm offering special crypto derivatives (perpetual futures) to the European market. Reports have emerged that Coinbase considered acquiring FTX Europe after the exchange’s bankruptcy in November. While the acquisition talks were not successful, Coinbase’s interest in FTX Europe underlines how important derivatives have become to Coinbase’s global strategy. Whereas spot trading volumes have dipped significantly, there is a greater...

The recent decision by Bybit to suspend its operations in the United Kingdom is not an isolated incident within the crypto industry. In a sudden turn of events, crypto exchange Bybit has announced its decision to suspend its operations in the United Kingdom. This move comes just a week after the company expressed its commitment to explore all available options to continue operating within the country. Bybit Exchange’s Proactive Response to FCA The company has outlined a timeline for these...

Kaiko Research recently put out a new report suggesting the bitcoin halving set to occur in 2024 isn’t going to aid the world’s number one digital currency. Kaiko Research on the Upcoming BTC Halving There have been many BTC halving events over the years. 2016 and 2020 were big ones, and each time, without fail, they have helped bitcoin along its journey in reaching new price highs. During each of those years, bitcoin reached new price pinnacles that had investors...

Binance – the largest and most popular digital currency exchange in the world – has hired a new deputy chief compliance officer (CCO) and global money laundering reporting officer. The positions will be taken over by Kristen Hecht, who according to a recent blog post, has more than 17 years of experience fighting both financial terrorism and illicit monetary activity. Binance Now Has Kristen Hecht Aboard Hecht expressed her excitement about the job in a recent...

Meanwhile, Alibaba has put a hold on Hong Kong IPO plans for its grocery chain Freshippo. The Alibaba Group’s logistical arm Cainiao Network Technology is set to reportedly file for its Hong Kong Initial Public Offering (IPO) by next week, making it one of Alibaba’s first units to go public. According to sources familiar with the matter, the logistics firm is looking to raise more than $1 billion from the sale share. They added that the valuation has not been decided on and no final...

While Foodpanda strives to manage its operations, its parent firm, Delivery Hero, is reportedly in early discussions with potential buyers to sell part of the food delivery business. Singapore-based food delivery company Foodpanda is conducting another round of employee layoffs as it strives for increased efficiency and adaptability. The company confirmed to CNBC that it is reducing its workforce, making it the third round of layoffs in a year. The Asian food delivery service also slashed...