Twitter is set to launch its own payment processing service, which will allow users to send and receive payments directly through the platform according to the Financial Times. Although a timeline for the launch has not been disclosed, the move…
EU Banks Can Now Hold 2% of Capital in Bitcoin and Cryptocurrency
The European Union has taken a major step towards mainstream acceptance of cryptocurrency with a recent vote to allow banks to hold up to 2% of their capital in bitcoin and other digital assets. The move, which was approved by…
Cardano Foundation Announced ETukTuk Project At The World Economic Forum
At the World Economic Forum in Davos, the CEO of the eTukTuk project, Frederick Gregaard, and David Taylor announced the launch of an innovative transportation solution that utilizes the Cardano blockchain. The project aims to collaborate with local governments to…
Cardano’s Upcoming Update: A Boost for ADA’s Value?
Cardano may become the new talk of the town again at least in the crypto world with its planned “Cardano Improvement Proposal 30” (CIP-30) update scheduled to take place. This new update will give the ecosystem even more utility and…
Argentina Proposes New Tax Incentives for Declaring Crypto Holdings
The Argentine government is considering a proposal that would offer tax discounts to citizens who declare their cryptocurrency holdings. Boosting Tax Compliance The aim of this is likely to boost tax compliance and increase revenue for the government by ensuring…
Genesis & Huobi Forced to Cut Workforce as Market Struggles
According to a company representative, Genesis Global Trading laid-off employees on Thursday. Derar Islim, the interim CEO, stated publicly prior to the announcement that the company needs more time to find an appropriate solution to its current problems. 30% of…
Abu Dhabi Plans $1 billion for Blockchain and Web3 Startups
Abu Dhabi’s Venom Foundation and Iceberg Capital plan to invest $1 billion in Web3 and blockchain technology firms through a new partnership. The Venom Ventures Fund plans to invest in various decentralized applications (DApps) and protocols that focus on areas…
Nigeria’s Central Bank Reevaluates eNaira Amid Low Adoption Rates
In the next 24 months, the Central Bank of Nigeria will explore the possibilities of stablecoins, investigate the use of blockchain technology for a Central Bank Digital Currency (CBDC) and examine regulatory requirements for Initial Coin Offerings (ICOs). Exploring Stablecoins…
McKinsey Forecasts $5 Trillion in Value for Metaverse by 2030
Despite the fact that the bear market of 2022 has reduced interest in sub-ecosystems such as NFTs within the emerging crypto space, the Metaverse is still poised to cause significant disruption in the long term. All Down to Experiences The…
Mt. Gox Creditors Get More Time to Register Repayment Preferences
Creditors of the now-defunct Mt. Gox cryptocurrency exchange will have additional time to decide how they would like to receive their repayments and to provide the necessary payee information. New March 10 Deadline Nobuaki Kobayashi, trustee of Mt. Gox, announced…