News

The biggest names in the Decentralised Finance (DeFi) crypto scene took interest in a forthcoming non-fungible token (NFT) based game that is said to emulate the mechanics of the 2013 mobile app phenomenon, Flappy Bird.  According to a report by Cointelegraph, Fancy Birds is set to launch by November. The game’s popularity and demand gained […]

In an interview with news organisation Reuters last October 14, the Central Bank of Russia’s head of financial stability department Elizaveta Danilova said that they are looking into cryptocurrency investment volumes in Russia. She added that they needed to assess the amount of Bitcoin (BTC) that is held by local investors after they withdrew their

Bitcoin (BTC) adoption continues to gain momentum in El Salvador according to President Nayib Bukele’s recent announcement on Twitter. In his tweet last October 16, he shared that more people are exchanging their United States Dollars (USD) to buy BTC and this amount has reached up to $3,069,761.05 in one day. According to President Bukele

Singapore emerges as the cryptocurrency hub in the Southeast Asian region amidst the China crackdown on digital currency transactions. This led to major digital exchanges including Huobi, Bybit and OKCoin to uproot their operations in the country and shift towards the Singapore crypto market.  In addition to this, Babel Finance, a crypto lending company, recently

Binance has announced on October 8 that they will be terminating a few services available in South Africa. Starting January 6, 2022, Futures, Options, Margin and Leverage token trading will no longer be supported. This announcement was made in response to warnings set forth by South African regulators.  The Financial Sector Conduct Authority (FSCA) in

China has filed the cryptocurrency mining industry in its drafted ‘negative list’ for market access. The list outlines several industries that investors both local and foreign are not allowed to participate in.   When a specific business, sector or industry is on the negative list, these are either completely banned or have limitations to those who

In an official announcement on October 6, Brazil’s Special Committee of the Chamber of Deputies aims for stricter regulations against crypto-related crimes through a new bill. The new piece of legislation includes penalties enforcing longer prison time for those found guilty of money laundering via cryptocurrencies, along with a larger fine. These recent regulatory amendments

To keep up with the ever-growing crypto demand, United States’ fifth-largest retail bank US Bank announces its cryptocurrency custody service on October 5, 2021. The services are now live and available to use for their Global Services Fund clients, allowing institutional investors to store private keys for digital assets like Bitcoin, Bitcoin Cash and Litecoin.

Coinbase, one of the largest US-based crypto exchanges, recently included a new feature in its platform allowing users to deposit a portion of their paychecks directly into their online accounts.  In a blog post on the official Coinbase website, the exchange announced its plans of entering the future of payroll’. This feature would give employers

CoinEx cryptocurrency exchange is winding down its business in Mainland China as the country’s crackdown on crypto intensifies, according to Cointelegraph. On September 30 2021, the exchange formally announced that the company is retiring all user accounts verified as Mainland China residents. Users with mobile phone numbers linked to the country will be removed from