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El Salvador Passes New Digital Securities Bill to Launch Bitcoin Bonds

El Salvador has emerged on the world map in the 21st century as the first country to list Bitcoin as a legal tender. Following the example of El Salvador several other countries have also decided to follow suit and some are working to get the job done. In previous years, El Salvador has taken steps … Read more

World’s Largest Asset Manager BlackRock Adds Bitcoin to its Global Allocation Fund

BlackRock, one the biggest asset management enterprises in the world has added Bitcoin to their Asset Allocation Fund. The Global Allocation Fund is one of the most sought-after and popular funds among investors related to passive trading and ordinary trading products. At its core, this fund has invested in global options such as equity, debt, … Read more

Is the Cryptocurrency Bear Market Coming to an End?

The crypto market is going through a long snooze that was not on the radar of all those traders and crypto analysts who openly preached the crypto market as the glorious progeny of the financial world. Almost every cryptocurrency is going through a pretty difficult time, and Bitcoin is struggling to keep its head above … Read more

Brazilian Parliament Passes New Law to Recognize Crypto as a Payment Method

The lower house of Brazil has recently passed a bill to make cryptocurrency payments legal in the country. At present, many governments around the world have become concerned about their role in cryptocurrency-related regulations. The phenomenon has been expedited on account of the collapse of FTX Group, which was a regulated cryptocurrency exchange. The bill … Read more

Crypto Lending Platform AAVE Freezes Lending Markets for 17 Ethereum-based Tokens to Mitigate Risks

AAVE is a decentralized trading protocol that has temporarily frozen the services for around 17 Ethereum-based tokens. The move has been taken to prevent losses from bad debts that can impact the stability of the decentralized protocol. It is important to note that AAVE is one of the largest cryptocurrency lending platforms operating on the … Read more

Proximity Labs Rolls Out $10 Million Developer Fund for DEX

Proximity Labs is a DeFi research and development firm on the NEAR blockchain. The other three DEX networks from NEAR, namely Spin, Tonic, and Orderly network have all been banned together for a singular task. The new announcement reveals that all these projects have collected $10 million in funds for incentivizing developers. The fund is … Read more

Russia has Decided to Launch a National Cryptocurrency Exchange

Since the start of a war between Russia and Ukraine, the country has had to deal with major financial sanctions from the western bloc. The country has as a result plunged into inflation, and massive money devaluation, and has also been boycotted by the cryptocurrency exchanges such as Coinbase. The saving grace for Russia has … Read more

Hackers Steal $42 Million Worth of Crypto from Fenbushi Capital

Bo Shen is the founding personality behind Fenbushi Capital. The company has recently reported that its official digital wallet was hacked and subjected to theft. The estimated value of the stolen cryptocurrency is estimated somewhere around $42 million. The portfolio was based on a wide array of crypto assets. As per the official report, the … Read more

Coinbase’s Brian Armstrong and Binance’s Changpeng Zhao Endorse the Idea Shared by Ethereum Co-founder Regarding Crypto Exchanges

The co-founder of Ethereum is known for establishing core ideas for DeFi sector development, such as the Trilemma of Blockchain and Proof-of-Reserve. The cascading impact of FTX’s demise has opened a sinkhole of panic and fear in the cryptocurrency market. To this end, the DeFi sector bigwigs have come forward to form a united front … Read more

Bahamas Regulator Confirms It Ordered FTX Exchange to Transfer Crypto Assets to Government Wallets

It seems that astonishing surprises keep unveiling out of the FTX incident. As per the latest development, the Securities Commission of Bahamas has confessed that it directed SBF to transfer the assets of the company to the state reserve. In the aftermath of this intrusive hack, Bahamas has now become the largest ETH holder in … Read more