El Salvador’s Bitcoin wallet Chivo scores $52M in remittances in 2022
El Salvador payment app Chivo processed $52 million in remittances over the past 6 months, as expatriates make use of...
Month: July 2022
Salary payments in USDT stablecoin ruled as illegal in the Chinese court
Tether USDT stablecoin cannot be used for salary payments, a Chinese court ruled, citing the country’s blanket ban on all...
Web3 will unite users from social media platforms, says Aave exec
At this year’s NFT.NYC conference, Aave executive Christina Beltramini shared detailed insights into the platform’s recent launch and future vision....
Majority of British crypto owners revealed to be hodlers: Survey
In the U.K., crypto owners prefer centralized exchanges and claim their assets to be largely profitable. An average crypto asset...
85% of merchants see crypto payments as a way to reach new customers: Survey
The crypto payment report noted that crypto payment fees are around 1%, which is much lower than other payment options...
Crypto tax deters 83% Indian investors from crypto trading: WaxirX report
With two consecutive taxes ready to eat away at their holdings, most Indian investors have seemed to have opted for...
Korea and US agree to share investigation data on Tera-Luna
The two nations have agreed to share their investigation data on the ongoing crypto-related cases including Terra Luna. South Korean...
India Hikes Duty on Imported Gold, Seeking to Bring Down Trade Deficit
In its attempt to relieve the pressure against the rupee, the Indian government announced on July 1 that it had...
Crypto Lender Nexo Moves Forward With Plan to Acquire Troubled Rival Vauld
Leading cryptocurrency lender Nexo has offered to buy distressed competitor Vauld, which halted operations in the face of financial difficulties....
Argentina Runs to Stablecoins Amidst Political and Economic Uncertainty
Citizens of Argentina are hedging their savings by using stablecoins amidst the recent climate of uncertainty created by the resignation...
Virginia county Fairfax commits $35M to Van Eck crypto lending fund
Fairfax County continues its cryptocurrency investment endeavors through VanEck crypto lending fund, exploring the world of yield farming through the...
Bitcoin price approaches potential springboard to $23K as DXY cools surge
With support and resistance inches from spot price, BTC/USD has increasingly little room to consolidate. Bitcoin (BTC) approached the July...
Voyager Digital files for Chapter 11 bankruptcy, proposes recovery plan
Voyager Digital has joined the growing list of CeFi firms hurting as a result of exposure to Three Arrows Capital...
US expansion for Huobi a step closer after it secures a FinCEN license
It says users in the United States can expect digital asset services to come in the future. A subsidiary of...
Risk profile of crypto markets similar to oil and tech: Coinbase
A hedge against the traditional market? Nope, crypto assets are now looking closer in risk profile to oil and gas,...
