Abra, a financial services company and crypto trading firm, announced the launch of three new products: Abra Bank, Abra International, and Abra Boost. Abra Bank will be a U.S. charted bank that’s expected to offer crypto on- and off-ramps to fiat, with Abra International offering the same for clients living outside the U.S. The third product, Abra Boost, will offer…
The hype around The Merge has attracted a swarm of scammers that are actively using verified Twitter accounts to impersonate Ethereum co-founder Vitalik Buterin and dupe investors. Prominent entrepreneurs, including the world’s richest man Elon Musk, pointed out numerous times the biggest problem of Twitter — bots. However, scammers have evidently amped up efforts to go unnoticed of their ill…
According to the National Bank of Ethiopia’s directive, which became effective on September 5, persons entering and departing the country in possession of local currency are now subject to new restrictions. Individuals may not hold local currency whose value exceeds $57.00 or 3,000 birr. The directive also sets conditions and circumstances under which Ethiopian residents and non-residents may possess and…
Russian Prime Minister Mikhail Mishustin on Tuesday officially instructed the government to come to a consensus regarding crypto regulation in Russia by Dec. 19, 2022. The prime minister specifically called on the Duma and other state authorities to come up with coordinated policies on regulating the issuance and circulation of digital currencies in Russia. Mishustin also asked regulators to finalize…
Heather “Razzlekhan” Morgan, who, along with her husband Ilya Lichtenstein, is accused of laundering 119,754 Bitcoin stolen during the hack of cryptocurrency exchange Bitfinex back in 2016, has asked permission to access her crypto wallets and exchange accounts to calculate the couple’s tax liabilities. In a court filing dated September 12, Morgan’s counsel Burnham & Gorokhov, PLLC, sought the court’s…
It’s been a big day for Solana. The ninth-largest cryptocurrency by market capitalization has risen by around 7% over the past day. SOL, Solana’s native token, jumped from $35.2 to $38.87 early Tuesday morning. It has since retraced to $38.27 at press time. Solana is a speedy, proof-of-stake (PoS) blockchain network that allows many of the same operations as Ethereum,…
Bitcoin (BTC) continued to battle major resistance on Sep. 13 as markets prepared for United States inflation numbers. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView “Serious” whales present new BTC price hurdl Data from Cointelegraph Markets Pro and TradingView tracked BTC/USD as it sought to push through $22,500. Bulls had attempted to vanquish a wall of seller interest in the…
Guests staying at Palazzo Versace Dubai have, since September 7, had an option to settle payment for services rendered via cryptocurrency. The hotel also plans to add the crypto payment option to its e-commerce platforms to enable guests to pay for gift vouchers using digital currencies. Cryptocurrency Infrastructure Provider A luxury hotel based in Dubai, Palazzo Versace, recently said it…
Web3 fashion is subverting the narrative at New York Fashion Week (NYFW) this fall. Fashion brands native to the Web3 space will be premiering in real life (IRL) at a two-day show put on by Nolcha Shows. Nolcha Shows has been actively curating events for 14 seasons. Still, this year there will be a Web3 edition featuring Web3 native brands,…
Solana-based NFT project Outcast Academy has started dishing its newly launched $DRAMA tokens, rewarding the most popular shitposters on Twitter as nominated by the community. Outcast Academy describes itself as an “entertainment NFT experiment” and has launched $DRAMA tokens as part of its “shitpost-to-earn” ecosystem, allowing community members to tag its associated @DramaReward bot account to nominate their favorite tweets…
