The Ontario Securities Commission (OSC) has contacted the Royal Canadian Mounted Police (RCMP) about tweets published by the CEOs of crypto exchanges Coinbase and Kraken regarding the ongoing ‘Freedom Convoy’ protests in Ottawa. “We are aware of this information and have shared it with the RCMP and relevant federal authorities,” Kristen Rose, the OSC’s manager of public affairs, told Canadian…
El Salvador’s adoption of Bitcoin (BTC) as legal tender in September 2021 has triggered a notable surge not only for its gross domestic product but also for the local tourism development. According to El Salvador’s tourism minister Morena Valdez, the tourism industry in El Salvador surged more than 30% since the adoption of the Bitcoin law in September 2021. “We…
While Venezuela has been a leading country for cryptocurrency adoption in Latam, its citizens don’t have access to cryptocurrency ATMs. However, this might change in the future, as Bitbase, a crypto ATM company, is currently in talks with Venezuelan authorities and banks to install some of its machines and stores in the country. Bitbase in Talks to Bring Crypto…
The decentralized finance (DeFi) industry continues to reach unprecedented highs, with daily volume of transactions increasing on a regular basis. Unfortunately, in spite of the billions of funds currently being crossed back and forth, decentralized exchanges (DEXs) are filled with apparent and invisible costs that are a hindrance to market activity. Consequently, the future of DeFi requires eliminating the high…
BitPanda, a Viena-based crypto exchange platform has made its maiden acquisition in the form of United Kingdom-based Trustology, a crypto custodian and wallet service provider for an undisclosed amount. BitPanda will rebrand the newly acquired fintech firm to BitPanda custody in a bid to start its native crypto custody services focused on institutional investors. The firm plans to begin its…
Cryptocurrency exchange Huobi has set its sights on re-entering the U.S. market, according to the company’s co-founder Du Jun. In an interview with CNBC, Du noted that the Seychelles-based company may eschew launching a U.S. crypto exchange in favor of targeting different areas such as asset management. “I expect asset management to be a bigger business than exchange, which echoes…
The Kazakh Ministry of Energy announced that it has discovered and terminated 13 cryptocurrency mining operations. The government executed the shutdown as part of its efforts to regulate the Bitcoin (BTC) mining sector, which has grown increasingly popular in recent years. As per the official statement, the miners were using a lot of energy, with a total power consumption of…
The Bank of Jamaica revealed the name of its upcoming central bank digital currency (CBDC) after a design competition, only to receive backlash from the local crypto community. The central bank of Jamaica announced on Twitter that it had chosen the name “Jam-Dex” along with the tagline and logo for its upcoming CBDC, scheduled for late 2022. While the project is…
As an unlikely but welcome source of hope during crypto market jitters, Deutsche Bank’s report, the “Future of Cryptocurrencies,” sheds light on potentially bullish cryptocurrency activity. A survey critical to the report suggests that neither traders nor investors are likely to part with their crypto holdings in the event of a bear market. Marion Laboure, a director of macro strategy…
Over $5 million (£4 million) has been returned to victims of an international crypto scam uncovered by Greater Manchester Police (GMP). According to a statement released by GMP, the force returned funds to 23 verified victims, while another 127 claims from various countries are being investigated by GMP officers working alongside partners in international law enforcement. The scam was solved…
