Tagged: virtual currency

September 12, 2023 @ 10:32 am By Omar Faridi  |  

In response to the devastation caused by the recent earthquake in Morocco, Binance Charity will airdrop up to $3 million in BNB to Binance users “identified as living in the areas affected by the tragedy.” Identification of the users will be “based on Proof of… Read More

September 12, 2023 @ 10:00 am By Omar Faridi  |  

The Bitcoin (BTC) and broader digital assets market is experiencing increased volatility. Matteo Greco, Research Analyst at the publicly listed digital asset and fintech investment business Fineqia International (CSE:FNQ), notes that Bitcoin (BTC) had “closed last week around $25,850, a 0.5% decrease in price from… Read More

September 11, 2023 @ 11:55 am By Omar Faridi  |  

The FBI is issuing this update to caution the general public regarding the theft of approximately $41 million in virtual currency from Stake.com, an online casino and betting platform. The FBI has confirmed that this theft took place “on or about September 4, 2023, and… Read More

September 11, 2023 @ 8:24 am By Omar Faridi  |  

Fineqia International, a digital asset and fintech investment business, announces that its analysis of global Exchange Traded Products (ETPs) with digital assets as underlying collateral revealed a 51% growth in total Assets Under Management (AUM) in the year-to-date (YTD) period amid renewed interest by investors…. Read More

September 10, 2023 @ 5:38 pm By Omar Faridi  |  

Jett Tang, the executive producer of The Next Crypto Gem, a Reality TV series that premieres September 7, 2023, has shared key insights with Crowdfund Insider. Jett Tang claims that he is focused on moving Web3 towards mainstream adoption. That’s why he has launched this… Read More

September 9, 2023 @ 3:20 pm By Omar Faridi  |  

Faruk Fatih Özer, the former Chief Executive of collapsed Turkey-based cryptocurrency exchange Thodex, has reportedly been sentenced to 11,196 years in prison on Thursday (September 7, 2023). Stealing around $2 billion from his clients led to the CEO of one of Turkey’s biggest virtual currency… Read More

September 8, 2023 @ 4:43 pm By Omar Faridi  |  

TaxBit, the end-to-end modern tax and accounting solution for the digital economy, announced its AI-enabled rules engine “to empower businesses dealing with cryptocurrencies to streamline their accounting processes.” As the global cryptocurrency market surpasses a market capitalization of over $1 trillion, businesses “face mounting challenges… Read More

September 7, 2023 @ 8:30 pm By Omar Faridi  |  

evolutionQ, a quantum-cybersecurity company, is pleased to announce a contract to contribute to a Bank of Canada research project involving quantum-safe cybersecurity technologies for greenfield digital currencies. This work highlights the commitment of evolutionQ “to understanding the risk posed by quantum computers to emerging financial… Read More

September 7, 2023 @ 11:37 am By Omar Faridi  |  

China’s cryptocurrency crackdown continues as Weibo has reportedly banned around 80 crypto influencers. Weibo’s management stated that these decisions were made in order to comply with domestic regulatory requirements, which aim to discourage speculation, trading, and promotion of digital currencies. The Beijing-headquartered company said that… Read More

September 6, 2023 @ 4:56 pm By Omar Faridi  |  

State lawmakers in Wyoming have reportedly passed 28 different blockchain-related bills since the year 2019. However, cryptocurrency revenue has been quite limited, even though there have been several different initiatives that were introduced. As covered, crypto VC investments have also shifted towards infrastructure development and… Read More

September 6, 2023 @ 11:11 am By Omar Faridi  |  

Travis Kling, a former L/S Equities Portfolio Manager that fell down the “Crypto rabbit hole” who’s now running the Ikigai fund, notes that as summer officially draws to a close, you may have been “away from the screens over the last few months.” Travis has… Read More

September 5, 2023 @ 10:06 pm By Omar Faridi  |  

Matteo Greco, Research Analyst at the publicly listed digital asset and fintech investment business Fineqia International (CSE:FNQ), has shared key insights with CI. SEC vs Service Provider Developments Keeps Market Volatility Up Bitcoin (BTC) closed last week “around $26,000, a 0.5% decrease in price from… Read More

September 5, 2023 @ 12:45 pm By Omar Faridi  |  

For VCs, the negative impact of Bitcoin’s (BTC) disappointing 2022 run has had long-term adverse effects on the larger crypto and blockchain ecosystem. Although the flagship cryptocurrency has recovered to some extent, surging around 55% during 2023, investments in crypto-related startups have declined for the… Read More

September 3, 2023 @ 8:14 pm By Omar Faridi  |  

Growing numbers of world governments are beginning to scrutinize the services provided by Worldcoin, which is described as a crypto-related initiative that’s co-founded by OpenAI Chief Executive Officer Sam Altman that was officially launched in July of this year. Nearly 2.3 million consumers throughout the… Read More

September 3, 2023 @ 8:13 pm By Omar Faridi  |  

The team at Rebuildingsociety is pleased to announce a new service for the approval of financial promotions for crypto-asset firms. Building on their experience as a Network Principal, rebuildingsociety.com is used to reviewing and approving third-party financial promotions. They are also familiar “with the ‘high-risk… Read More

September 2, 2023 @ 10:20 am By Omar Faridi  |  

Users in Germany and the UK can now link their PayPal (NASDAQ:PYPL) account directly to Coinbase (NASDAQ:COIN) in order to buy cryptocurrencies, “providing a hassle-free, trusted, and secure purchasing and withdrawal option.” Coinbase now offers their German and UK users a quick and hassle-free method… Read More

September 1, 2023 @ 7:34 pm By Omar Faridi  |  

ZA Bank has reportedly become the first settlement bank for HashKey Exchange, Hong Kong’s first licensed retail virtual asset exchange, as it starts “offering fiat-currency deposit and withdrawal services to investors who hold a ZA Bank account.” As part of its “Banking for Web3” ambition,… Read More

August 29, 2023 @ 9:53 pm By Omar Faridi  |  

Staking is a core initiative of Chainlink Economics 2.0 that reportedly aims to “bring a new layer of cryptoeconomic security” to the Chainlink Network. Staking enables ecosystem participants, “such as node operators and community members, to back the performance of oracle services with staked LINK… Read More

August 28, 2023 @ 11:06 pm By Omar Faridi  |  

Over the past three months, Bitpanda claims it has “called bull on the bear market and increased the number of tradeable crypto assets on their platform from around 230 to 300+, including Arbitrum (ARB), SUI (SUI) and SingularityNET (AGIX).” This means Bitpanda now is “the… Read More

August 27, 2023 @ 8:38 pm By Omar Faridi  |  

Num Finance, the issuer of local stablecoins in Latin America, has launched its newest stablecoin, nCOP. Designed to be pegged to the Colombian Peso, nCOP is now “live on the Polygon network, Num Finance’s primary blockchain partner.” This launch represents a major expansion of the… Read More