TL;DR Breakdown El Salvador adopts Bitcoin as legal tender Other countries adopting crypto El Salvador, a country in Central America has become the first nation to adopt crypto currency after majority of the Salvadoran Congress passed it into law today. Nayib Bukele, President of El Salvador via his official Twitter handle celebrated the new development […]
TL;DR Breakdown • The global drug ring was arrested by Operation Trojan Shield, successfully seizing many drugs in 16 countries.• More than $48 million in cryptocurrencies could also be recovered thanks to this operation. Law enforcement authorities worldwide joined forces in Operation Trojan Shield to seize 5 tons of cannabis, 6 tons of cocaine, and […]
TL;DR Breakdown • Wirex wants to promote and boost payments through cryptocurrency debit cards worldwide.• Payment through cryptocurrencies and debit cards is the new way to enter the financial and crypto market. Everyday payments through cryptocurrencies are gaining more attention among consumers worldwide who want to spend their virtual currencies to buy goods and services. […]
TL;DR Breakdown • Infosys wants the cryptocurrency in India to be an “asset class.”• Authorities in India could lift sanctions with the crypto storage scheme. Infosys co-founder Nandan Nilekani thinks that the cryptocurrency market in India should use tokens as an asset class. This technology service company based in Bangalore, India, is once again showing […]
TL;DR Breakdown American hockey announced it now accepts digital currencies including Doge Other sports organizations that have adopted crypto payment In another significant development for the cryptocurrency space, more sports organizations are announcing their digital currency adoption as San Jose Sharks becomes the latest sporting team to add support for several cryptocurrencies. Jonathan Becher, president […]
TL;DR Breakdown Elon Musk controversially endorses another crypto token Musk under fire for manipulating crypto market with cryptic tweets As the cryptocurrency space continues to deal with the Elon Musk fiasco of manipulating the digital market via tweets, it seems like the Tesla boss has thrown his weight behind another token. Elon Musk, via his […]
There was a lot of hype around crypto projects among Telegram followers and other crypto enthusiasts in the pre-ICO era, and everyone was waiting to find out what was next. Finally, developers introduced the concept of ICO. Many people registered and got in as soon as the countdown timer went to zero. Within a few […]
The Special Drawing Rights (SDR) is an international reserve asset created by the International Monetary Fund (IMF) to supplement the official reserves. Usually, the value of the SDR is determined by the spot exchange rates at a specific time and are posted on the IMF website daily.  The SDR has been dependent on Gold as […]
Recently, the Ethereum blockchain experienced a significant scalability issue during the worldwide craze about NFTs. Non-Fungible Tokens have been so popular in recent months.  Since they are currently supported on the Ethereum blockchain, there was a sudden rise in the overall activity on the Ethereum blockchain that nearly brought the network to a standstill. The […]
Since the introduction of cryptocurrencies, there have been debates between crypto enthusiasts and mainstream centralized financial institutions, i.e., central banks and commercial banks. However, traditional financial institutions have gradually warmed up to cryptocurrencies, embracing the innovation behind Bitcoin and other stablecoins. The banking system is quickly adjusting. According to the Wall Street Journal, the OCC […]