Binance looking to setup physical headquarters following regulatory backlash

Binance has plans to set up physical headquarters in multiple jurisdictions as a concession to the global regulatory backlash. The world’s largest cryptocurrency exchange is under pressure following numerous notices, bans, and even a criminal investigation at the hands of Thailand’s Securities and Exchange Commission. The fallout has seen payment processing partners jump ship, leaving… Continue reading Binance looking to setup physical headquarters following regulatory backlash

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Polkadot – Vitalik’s Nightmare or a Blockchain Dream Come True?

Although it’s possible to draw comparisons between almost any two blockchain development platforms, comparing Ethereum with Polkadot is almost an inevitability. Not only on the technical level – they use a comparable architecture and proof-of-stake consensus to achieve scalability – but because Vitalik Buterin and Dr. Gavin Wood also have a shared history in Ethereum.… Continue reading Polkadot – Vitalik’s Nightmare or a Blockchain Dream Come True?

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Digital Yuan to Promote International Use of Chinese Currency, Experts Say

The new digital yuan, currently undergoing trials, can help to increase the international usage of China’s national fiat, experts have stated. As the renminbi (RMB, CNY) is becoming one of the world’s most important currencies, the People’s Bank of China is planning to conduct cross-border tests with the yuan’s digitized version, the e-CNY. Digital Yuan… Continue reading Digital Yuan to Promote International Use of Chinese Currency, Experts Say

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El Salvador to officially adopt Bitcoin as legal tender on September 7

Payment processors that facilitate the immediate transfer of crypto into fiat currency and enable acceptance of Bitcoin (BTC ) payments for e-commerce, point-of-sale, invoicing and remittance, have a finger on the pulse of the everyday economics of cryptocurrency adoption. Crypto payment gateway Triple A , summarized what El Salvador’s adoption of Bitcoin as official currency… Continue reading El Salvador to officially adopt Bitcoin as legal tender on September 7

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Ghana Vice President Praises Central Bank’s CBDC Initiative, Says Digital Currencies Can Boost Intra-African Trade

The Ghanaian Vice President, Mahamudu Bawumia, has implored African governments to start exploring digital currencies as such alternatives have the potential to enhance intra-African trade. In addition, such digital currencies allow African countries to carry out all cross-border payments smoothly, the leader explained. Ghana Government Backing for CBDC According to a report, Bawumia made these… Continue reading Ghana Vice President Praises Central Bank’s CBDC Initiative, Says Digital Currencies Can Boost Intra-African Trade

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Dan Held: Bitcoin as a “sexy store of value” will eat real estate for $200 trillion market cap

Dan Held , the Director of Growth Marketing at crypto exchange Kraken, expects Bitcoin to reach a market cap of up to $200 trillion. This would price BTC at around $9.5 million per token. “It’s a wild range of numbers, but I think Bitcoin’s market capitalization should be between ten and two hundred trillion…” The… Continue reading Dan Held: Bitcoin as a “sexy store of value” will eat real estate for $200 trillion market cap

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Mexican Regulator: 12 Cryptocurrency Exchanges Are Operating Illegally

Santiago Nieto Castillo, leader of the UIF, the Mexican financial regulator, has issued an alert that 12 cryptocurrency exchanges are operating illegally in the country. The regulator is now producing the necessary data for Mexican authorities to act against these exchanges. The institution receives information from 23 registered cryptocurrency exchanges reporting users’ transactions. Mexican Regulator… Continue reading Mexican Regulator: 12 Cryptocurrency Exchanges Are Operating Illegally

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US Senator Lummis: Big Government Spenders Are Accelerating Adoption of Crypto Assets Like Bitcoin

U.S. Senator Cynthia Lummis is pushing for regulation that would ensure bitcoin remains a good store of value. If the cryptocurrency “is to become what El Salvador has done, legal tender, then we need to make sure that we are using it in ways that comply with the Bank Secrecy Act and anti-money laundering laws,”… Continue reading US Senator Lummis: Big Government Spenders Are Accelerating Adoption of Crypto Assets Like Bitcoin

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Financial Giant State Street Expands Cryptocurrency Services as Demand From Traditional Funds Soars

State Street Corp., one of the world’s leading providers of financial services to institutional investors, has announced the expansion of its crypto services in partnership with Lukka, an enterprise crypto asset data and software provider. State Street Launching New Crypto Services State Street Corp. announced new cryptocurrency services Thursday. The financial services firm “will provide… Continue reading Financial Giant State Street Expands Cryptocurrency Services as Demand From Traditional Funds Soars

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Mila Kunis’ ‘Stoner Cats’ NFT Sale Pulls in $8M — Animated Series Can Only Be Watched by NFT Holders

A new non-fungible token (NFT) project crafted by the American actress and producer, Mila Kunis, has made millions selling NFTs tied to an animated series called “Stoner Cats.” The project is a show that will only allow token holders the ability to watch the upcoming series produced by Orchard Farm Productions, a studio owned by… Continue reading Mila Kunis’ ‘Stoner Cats’ NFT Sale Pulls in $8M — Animated Series Can Only Be Watched by NFT Holders

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