Tech News

Banking Circle, a European-Union (EU) fintech startup has announced it has integrated the USDC stablecoin into its payment rails. According to the company, its adoption of USDC, which now has a Euro-backed version, will help in democratizing global finance by connecting traditional banking outfits with the fast-growing digital currency ecosystem. The startup highlighted a number […]

Singaporean crypto trading and lending platform Vauld has recently announced that it is restricting withdrawals for users during adverse market conditions. As per a recent announcement by the company, it has “made the difficult decision to suspend all withdrawals, trading, and deposits on the Vauld platform with immediate effect.” Volatility affected Vauld The ongoing situation in the […]

After about 8 months since it started conducting trials on the Novi Wallet, Meta Platforms Inc has finally announced it will be closing down the platform by September 1. According to details on the rebranded website of the Novi wallet, users of the platform in the US and Guatemala have been advised to withdraw all […]

VTB Factoring, a subsidiary of VTB State Bank has announced that it has completed the very first transaction featuring blockchain technology and Digital Financial Assets (DFAS). According to the outfit, the achievement was made possible with its partnership with Lighthouse, a fintech startup that develops blockchain-based solutions. Per the transaction, “the issuer’s commercial debt was […]

The harsh conditions in the global market at the moment have spread to Australia with Banxa, a crypto payments processing platform the next in line to cut its workforce. With a reduction from 230 to about 160, the exchange noted that it grew too rapidly and it has to make this decision to align with […]

Vladimir Putin, the president of Russia, has recently blamed the United States and other G7 nations for leaving the world with global inflation situations. He predicted that under these circumstances, the world would soon begin to shift its reserves away from sovereign debt into “real resources.” During a long speech at the St. Petersburg International […]

Axie Infinity’s Ronin Bridge is set to resume operations in the coming week following months of activity halt after its funds were drained when a damning hack disrupted its operations. Taking to Twitter to share the news, the Ronin protocol said its engineers have been hard at work to get the platform restarted after the […]

BNB Chain has announced its partnership with the University of Zurich in its attempt to deepen its role as a major blockchain education outfit in the world. The smart contract platform will work hand in hand with the Blockchain Center of the University to design a section of the course on fundamental blockchain concepts and […]

The Crypto price slump has already wiped out around $2 trillion in value in the past few months. Increased scrutiny from regulators around the world is working as a catalyst over the situation. Months after leading crypto firms spent hundreds of millions of dollars on advertising campaigns, sponsorship deals, and Super Bowl ads in an attempt to […]

The South Korean investigators in charge of the Terra-LUNA collapse have placed a travel ban on both old and new Terraform Labs developers and staff in a bid to discourage them from impeding its investigations.  As reported by local media platform, JTBC, the move from the Seoul Southern District Prosecutor’s Office’s Joint Financial and Securities […]

Circle, the United States-based issuer of the USDC stablecoin has announced it plans to launch a Euro-dominated stablecoin on the Ethereum blockchain by the end of this month. Slated for June 30th, the stablecoin, named EUROC, will bear its reserves in Euro, but will be held by companies registered and trading in the US, with […]

American billionaire, Mark Cuban is convinced many of the current projects in the digital currency ecosystem will not survive this bear market. Cuban weighed in on the current outlook in the crypto industry in an interview with Fortune, he said crypto projects which are not anchored on a solid business model can easily faze out. […]

Russian banking giant, Sber is all set to complete the first transaction involving a Digital Financial Asset (DFA) from its own internally designed trading platform. As confirmed by Anatoly Popov, deputy chairman of Sber’s executive board, the trading of these unique asset classes is slated for a month’s time, corresponding to mid-July, and it comes […]

The crypto industry is known for many things and fraud or illicit activities are generally one of them. Without factoring in the current slump in the digital currency ecosystem which has ushered in a combined market capitalization below $1 trillion, the industry has grown on several key levels. Despite this bullish growth, a recent research […]

OpenSea, the world’s largest Non-Fungible Token (NFT) trading platform has made a new step to safeguard its platform users from theft through the introduction of new safety features.  As announced by the firm, suspicious NFT transfers will, henceforth, be hidden in a newly created tab, a system that is similar in all respect to the […]

Tron’s algorithmic stablecoin, Decentralized USD (USDD) is currently crumbling under the weight of the bearish crypto market as it has lost its supposed $1 peg to the United States Dollar.  At the time of writing, the USDD is changing hands at $0.9809, down 0.66% in the past 24 hours according to data from CoinMarketCap. Earlier […]

As per a recent survey by auditing and consultancy giant Deloitte, in conjunction with payment giant PayPal, 73% of merchants plan on integrating crypto payments internally by 2025. Moreover, the survey titled “Merchants Getting Ready for Crypto” reveals that more than half of the large retailers with a revenue of more than $500 million are now spending […]

Hong Kong-based subsidiary of Samsung’s investment arm, Samsung Asset Management (SAMHK), is bringing a Blockchain-based exchange-traded fund (ETF). As per the official announcement, the company expects to launch its Samsung Blockchain Technologies ETF on the Hong Kong Stock Exchange. The announcement said that “blockchain technologies have the merit of enhanced security, greater transparency, and reduced cost […]