Tag Archives: social

Tech mogul Google is reportedly considering to further its involvement in the field of cryptocurrencies. Google, one of the world’s biggest companies and the leading search engine, is considering to allow users to store cryptocurrencies in digital cards. According to the Bloomberg report, the company has also hired Arnold Goldberg to spearhead its payments division. Goldberg was previously the VP of Merchant Product and Technology at payments processing giant PayPal. The...

In the face of massive sanctions, top Iranian official believes cryptocurrency is a solution. The country is now looking to launch its CBDC in a pilot phase. CBDC headlines have been dominating fintech media for quite some time. Several countries are working on a national digital currency, but only a handful of them have landed in the pilot phase. Iran is the latest country that is gearing up to roll out its CBDC pilot soon. Iranian CBDC According to the latest report...

The team behind the memecoin Shiba Inu said that CoinMarketCap has approached its developers to resolve the issue of the three fake addresses on the popular data aggregator page. Lack of Transparency, Says Shiba Inu Community Update — We are happy to announce, @CoinMarketCap has reached out to our developer team and is in current discussions in regards to our most recent incident correlating to Wormhole contracts. Please read our response.. pic.twitter.com/OBckJYNVkH — Shib...

The London-based venture capital company Blossom Capital raised $432 million to invest in early-stage tech startups in Europe. The firm has reserved a third of the proceeds for investments in the cryptocurrency industry. Blossom Capital Eyes the Crypto Universe The cryptocurrency initiative, which the British organization launched, does not come as a surprise since its Founder – Ophelia Brown – personally bought bitcoin ten years ago: “I’ve personally been active in this...

Bank Negara Malaysia (the central banking institution of the nation) has reportedly joined the global race to develop a digital version of its national currency. As of the moment, the project is still in a research mode as the county is only “assessing the value proposition” of such a financial product. Malaysia Enters the CBDC League Launching a central bank digital currency has been a target for many countries recently. While China’s efforts are by far the most advanced...

The public security bureau of Chizhou city in the eastern province of Anhui has frozen six million yuan or nearly $1 million worth of crypto assets and arrested eight people for defrauding its investors since last year. Rug Pull Crypto Scam Chinese authorities have arrested eight in a rug pull scam involving 50 million yuan or $7.8 million in digital assets as the Beijing crackdown continues. The report suggested that several investors were duped in a scheme that let the...

The Cardano Foundation teamed up with its official commercial arm – EMURGO – to launch a joint project. The main goal is to support the ecosystem of the blockchain protocol and accelerate decentralized application development. ‘We Want to Ensure We Enable The Architects of The Future’ According to a recent blog post, the project will consist of a Minimum Viable Product 1 and Minimum Viable Product 2. MVP1 will be composed of a modular tool stack built by Five Binaries (an...

Animoca Brands has raised $360 million in a fresh round of funding. As such, the valuation of the Hong Kong-based company has doubled since October 2021 to $5.5 billion. The latest round of investments was led by Liberty City Ventures along with Winklevoss Capital and Soros Fund Management. Rise in Valuation in Line With NFT Boom The dramatic spike in Animoca Brand’s valuation comes in the wake of the global NFT business growing from under $100 million in 2020 to nearly $25...

Tipsuda Thavaramara – former Deputy Secretary-General of Thailand’s Securities and Exchange Commission (SEC) – disagreed with the government’s intentions to impose a 15% capital gains tax on cryptocurrency profits. She believes such legislation is unpractical, unfair, and not beneficial for the trade sector. The Bill Lacks Clarity Earlier this month, the Thai authorities presented plans to slam local cryptocurrency investors and miners with a 15% capital gains tax. According...

The digital asset platform CryptoCom inked a five-year collaboration with the AFL to become a financial backer of the Toyota AFL Premiership Season and the NAB AFL Women’s championship. The trading venue will also feature as the exclusive naming rights partner of the tournaments and the Final Series matches. CryptoCom Expands in Australia According to a document seen by CryptoPotato, the AFL became the first Australian sports league to partner with CryptoCom. At the same...