News

Banco Galicia, Argentina’s largest private bank by market value, along with digital bank Brubank SAU has announced that their customers can make BTC, USDC, ETH and XRP purchases on their investment platforms starting May 9, 2022. Banco Galicia has reported that this recent move was prompted by high customer demand, with 60% of respondents requesting […]

On Tuesday, May 3, 2022, the U.S Securities and Exchange Commission (SEC) announced that the agency plans to hire more than a dozen employees to protect investors in cryptocurrency markets. The announcement stated that the SEC’s Cyber Unit, which includes the Crypto Assets and Cyber team, will hire 20 new employees for a total of

In a press release published last April 27, the Gibraltar Financial Services Commission (GFSC) has amended existing crypto regulations to ensure market integrity and prevent distributed ledger technology (DLT) providers from manipulating the market. According to the press release, the new rules aim to combat ‘manipulation or improper influencing of prices, liquidity or market information,

The Central African Republic (CAR) became the first subregion and the second place in the African continent to approve Bitcoin as legal tender, following in the footsteps of El Salvador. This cryptocurrency news came in after the announcement of the President on Wednesday, April 2, 2022.  Moreover, a bill governing the use of cryptocurrency for

Popular messaging app Telegram announced on April 26,2022 that users can now send cryptocurrencies via direct messaging on the platform through a wallet bot called ‘The Open Network’ or TON. The built-in blockchain app will process crypto transactions between users free of charge and real time. Through a Twitter post, TON issued a statement that

On April 19, the crypto-friendly stock trading company Robinhood announced on their blog post published on the official website that they have signed the deal that allows them to acquire the UK-based electronic money institution and crypto-asset firm, Ziglu Ltd.  The agreement is still under regulatory approvals and closing conditions and both parties declined to

The Senate in Brazil has passed the Pro-Bitcoin Bill to regulate and legalise the use of cryptocurrencies for payment methods and transactions. Since 2015, the clause has been under debate by Brazil’s Chamber of Deputies and has now reached point of potentially being implemented in the country.  According to reports made by Coin Telegraph in

Coinbase, the largest US-based crypto exchange, halted its payment services for its Indian users Thursday, April 7, just three days after its launch in the country. The deferred services were due to pressure from the local payment regulators of India, especially the National Payment Corporation of India (NCPI).  In an advertisement on the Coinbase website,

Inflation rates in the crypto market are predicted to increase following the statement of the White House Press Secretary Jen Psaki last April 11 that the US government’s March consumer price index (CPI) headline inflation is to be ‘extraordinarily’ elevated due to Putin’s price hike on gasoline. Psaki said that the White House is expecting

As announced in a recent post by the game developer Sky Mavis on March 29, Axie Infinity lost roughly $600 million in crypto due to a major hack on its Ronin blockchain. This cyber-attack is recorded to be one of the biggest losses in DeFi heist history and left millions of users unable to withdraw