Indian Prime Minister Narendra Modi recently discussed the intricate dynamics of emerging digital technologies in an in-depth interview with Business Today. He highlighted the need for a global framework and regulations for blockchain and cryptocurrencies, which have transcended borders and grown in significance. Modi noted that a global consensus-based model is needed, especially one which […]
Friend.tech, a social media platform that initially gained attention for its rapid growth, has been hit hard by a sharp decline in crucial metrics, leading many to question its viability in a competitive landscape. The platform’s success was short-lived, as daily transaction fees and volumes plummeted by more than 87% and 90%, respectively.The bots that […]
At least two major crypto exchanges, ByBit and OKX, have followed Binance in excluding Russian banks under international financial sanctions from their payment options. Tinkoff Bank and Sberbank are no longer available on the list of P2P transactions on these exchanges. According to Russian media, local users can no longer receive fiat money in exchange […]
Bitcoin’s price has been stagnant for the past month, with only a brief surge on August 17th that saw the asset plummet by 10% to a two-month low of $25,300. After a brief recovery, the asset has been trading just below $26,000. Most altcoins have also seen minor daily losses, with XRP, ADA, DOGE, and […]
Ripple’s XRP token has been the subject of much debate in the crypto space, with the U.S. Securities and Exchange Commission (SEC) taking a stance against the token. However, a 2018 internal memo from the SEC’s enforcement lawyers did not label XRP as a security, which could be a game-changer for Ripple’s legal battle.Despite the […]
Vitalik Buterin, the co-founder of Ethereum, recently transferred 3,000 ETH, worth approximately $4.9 million, to a Vb 2 labeled address. According to Etherscan, the transaction took place on Aug. 28 and brought the total value of ETH held in the wallet to just under $5 million. Following the transaction, Ethereum’s price remained steady at $1,640 […]
The state-owned electricity distribution company Électricité du Laos (EDL) has announced that it will suspend electricity supply to crypto mining operations in the country due to the struggle to generate enough power amid drought conditions. The extreme heat has caused hydropower plants to generate 95% of the country’s power, and the EDL aims to supply […]
Bitcoin BTC starts a new week still struggling with $26,000 as August becomes its worst month of 2023. Despite holding $26,000 into the close, BTC/USD immediately went downhill thereafter, wicking to $25,880 before consolidating slightly higher. The outlook looks similarly uncertain — September is traditionally a poorly-performing month for Bitcoin, and with the August monthly […]
OnlyFans, a subscription service for adult content, recently revealed that it had invested a portion of its working capital into Ethereum (ETH). As of November 30, 2022, the company had purchased $19,889 million worth of ETH, which recorded an impairment loss of $8,455 million, leaving a carrying amount of $11,434 million.The company’s revenues exceeded $1 […]
Indian Prime Minister Narendra Modi has called for a global collaboration on formulating crypto regulations during the Group of 20 (G20) summit. India, which currently holds the G20 Presidency, has taken up the task of advocating for a comprehensive global framework for regulating cryptocurrencies. During an interview with a local daily, Modi talked about the […]
