PayPal’s Plans for Stablecoin Put on Hold
Payment giant PayPal has temporarily halted its plans for a stablecoin, following news that its partner, Paxos, is under investigation by the New York Department of Financial Services. The company was set…
Paxos Under Investigation by New York Department of Financial Services
The New York Department of Financial Services (NYDFS) is reportedly investigating stablecoin issuer Paxos. Although the exact scope of the investigation remains unclear, NYDFS’s decision to look into Paxos suggests that the…
Shemaroo Entertainment Launches Virtasy.io NFT Marketplace
Indian content aggregator and distributor Shemaroo Entertainment has teamed up with Polygon Labs to launch Virtasy.io, a non-fungible token (NFT) marketplace enabled by Seracle’s Web3.0 infrastructure. The platform aims to provide a…
Bitcoin Price Trend Analysis: Golden Cross and Death Cross
Bitcoin is the world’s largest and most well-known cryptocurrency, and it has been making headlines recently for several reasons. Currently, the price of bitcoin is $22,600, which is a significant increase from…
Beijing Warns of High-Risk NFT Investments
The Beijing Municipal Administration for Market Regulation has issued a warning to investors to stay alert for illegal fundraising activities related to NFTs, which contain speculative elements and come with high risk.…
DCG Offloads Holdings in Grayscale to Raise Funds Amid Bankruptcy
Digital Currency Group (DCG), a SoftBank-backed firm, has started to sell holdings in several investment vehicles run by its subsidiary Grayscale at a steep discount. This move is part of DCG’s effort…
India’s Crypto Fraud Crackdown: 5 Arrests, $11.3 Million Seized
The Enforcement Directorate of India has attached the proceeds of a crime worth INR 936 crore ($11.3 million) and arrested five people in a cryptocurrency fraud case. In a written reply to…
India Set to Introduce Crypto Measures This Year: Ajay Seth
India’s Economic Affairs Secretary Ajay Seth announced plans to introduce “measures around crypto” this year during a post-budget press conference in Mumbai. Meanwhile, India’s Finance Minister Nirmala Sitharaman aims to develop a…
Michael Saylor on Charlie Munger’s Crypto Criticism
MicroStrategy’s Executive Chairman, Michael Saylor, recently spoke about Charlie Munger’s negative views on cryptocurrencies. Munger, who is the Vice Chairman of Berkshire Hathaway, called for a ban on cryptocurrencies in the US,…
Charlie Munger Urges US Government to Ban Cryptocurrencies
Berkshire Hathaway Vice Chairman, Charlie Munger, has called for the US government to ban cryptocurrencies, following the lead of China. In an op-ed published in The Wall Street Journal, the 99-year-old investor…
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