The Aspiring Answers to Bitcoin’s Enormous Energy Footprint
Following a tweet from Elon Musk highlighting Tesla’s suspension of bitcoin payment acceptance due to sky-high energy needs, the industry...
Month: May 2021
Official Remittances to Nigeria Plummet by Almost 40% in a Year When Crypto Use Surged
According to the latest data from the World Bank, international money transfers into Nigeria dropped by nearly 40% from $23.8...
Argentinean Tax Body Asks Domestic Cryptocurrency Exchanges to Report Monthly Transactions and Wallet Balances
The local tax authority could soon hunt tax evaders who trade cryptocurrencies in Argentina following a notice sent to domestic...
Singapore’s biggest bank launches crypto trust solution
After posting tenfold crypto volume growth in Q1 2021, DBS Private Bank is expanding its crypto services with a new...
‘Fear’ grips Bitcoin as crypto market sentiment drops to lowest levels since April 2020
Trader sentiment is verging on "extreme fear," the Index shows amid echoes of the climate after the March 2020 cross-asset...
Early crypto pioneer slams Elon Musk’s ‘hypocrisy’ on Bitcoin payments
One early cryptocurrency entrepeneur thinks Elon Musk lacks moral consistency when it comes to his management of Bitcoin. The founder...
Bitcoin ‘held up very well’ despite biggest exchange inflow since March 2020 crash
Bitcoin saw a real test of its market composition on Thursday amid a sea of liquidations reminiscent of the events...
New Australian Islamic finance DeFi platform is ‘guided by Sharia’
Islamic finance is not always compatible with DeFi's focus on risk and yield. A new platform aims to blend the...
DOGE surges as Elon Musk says he’s working with devs to ‘improve efficiency’
Musk’s latest tweet resulted in a 26% surge in the price of DOGE, while Coinbase is set to list the...
GoodFi coalition adds 22 industry leaders to help attract 100M to DeFi
The decentralized finance coalition has onboarded 22 leaders from 19 teams to help further its mission of bringing 100 million...
Microsoft quietly closing down Azure blockchain in September
Microsoft is closing its Azure Blockchain Service, giving existing customers just four months to transition to new service providers. Microsoft...
Big Time Studios Aims to Bring NFTs to the Masses, Set to Raise $21 Million in Funding
The Los Angeles-based company Big Time Studios has announced the company is set to raise $21 million in two funding...
Cuban President Discusses Adopting Cryptocurrencies for the ‘Convenience’ of the National Economy
Cuba has been actively discussing the possibility of adopting cryptocurrencies over the last few months during high-political summits. This time,...
State-Owned Swiss Bank Postfinance Launches App Supporting 13 Cryptocurrencies
The banking subsidiary of the national postal service of Switzerland, Postfinance, has launched a mobile app providing clients with access...
Stablecoin Demand in 2021 Skyrockets, Fiat-Pegged Token Economy Nears $100 Billion
While most cryptocurrency markets are down today in value, dollar-pegged stablecoins have seen significant demand during the last 24 hours....
