The Central Bank of Honduras has published a release that seeks to clarify the stance the institution takes about the use of cryptocurrencies in the country. The organization states that even with the popularity such instruments have attained in other countries, cryptocurrencies have no backing of any sort, and are also affected by high levels of volatility. “Any transaction carried…
Scammers have been taking advantage of blockchain’s decentralized and immutable nature to swindle crypto investors since the advent of the technology. And, according to the latest FBI fraud report, fraudsters are using fake crypto apps to steal money from unsuspecting crypto investors. It highlights that American investors have lost approximately $42.7 million to swindlers through fake apps. The schemes reportedly…
Dubai has positioned itself as one of the most crypto-friendly cities, establishing a new regulator to cement the United Arab Emirates (UAE) position in the crypto space. Following this, crypto exchanges began to flock to the region, securing the newly-formed regulator’s approval to operate within the region. In March, Dubai’s authorities announced a new law on crypto assets and established…
Bitwage has partnered with two Bitcoin wallet providers to streamline its onboarding process.Casa and Edge Wallet helped Bitwage develop a UI to integrate each of the wallets onto its payroll platform.These partnerships will allow Bitwage to automate the process of onboarding businesses from start to finish. Bitwage, a bitcoin payroll provider, is partnering with Bitcoin security company Casa and Edge…
Bitcoin was trading marginally lower to start the week, as prices of the token fell lower for a fourth consecutive session. The world’s largest cryptocurrency has suffered from increased market volatility, following last Saturday’s surge to a six-week high above $24,000. Ethereum was also in the red on Monday. Bitcoin Bitcoin (BTC) was trading in the red to start the…
Hardware wallet manufacturer Ledger is currently in talks to raise at least $100 million, according to a report this week by Bloomberg that cites “people familiar with the plans.” Ledger’s hardware wallets are a form of cold storage, meaning that they allow crypto investors to store their digital assets offline in a physical device. This grants users the power to…
Prominent DeFi projects such as Uniswap, Curve, Aave, and MakerDAO declined in ETH terms since at least Q1 2021. Some see this as a fundamental failing of DeFi protocols to capture value and an inability to create moats. There are questions whether the composable and open nature of crypto prevents sufficient moats from being made at all. I don’t agree…
Crypto exchange Huobi can begin offering cryptocurrency exchange services in Australia after its registration as a digital currency exchange provider with the Australian Transaction Reports and Analysis Centre (AUSTRAC) on Aug. 1. This means Huobi can now offer fiat to cryptocurrency trading services in the country. Cointelegraph has reached out to Huobi to ascertain whether it will be able to…
Market corrections and bear markets both involve price declines, but knowing how to differentiate between the two is crucial in protecting your investment portfolio. Source: https://cointelegraph.com/explained/market-correction-vs-bear-market-key-differences-explained
Payments in cryptocurrencies like Bitcoin (BTC) have been on the rise at Croatia’s largest supermarket chain Konzum this year despite the ongoing bear market. After debuting crypto payments in 2021, Konzum has seen an increasing trend for this type of payment, the firm’s director of business applications Ines Barbir told Cointelegraph. Konzum officially started accepting cryptocurrencies as payment for its…
