TL;DR Breakdown Pantera Capital and Arrington XRP Capital have co-led the Unbound Finance initiative. Around $8.5 million in investment was generated by Unbound Finance. Unbound Finance aims for the creation of the first cross-chain stablecoin platform. Unbound Finance is one of the most promising upcoming Decentralized Finance projects and seeks to revolutionize the entire crypto […]
TL;DR Breakdown • Mexico prepares for using cryptocurrency.• Mexican lawmakers want to boost acceptance of digital assets. Mexico wants to follow in the footsteps of its neighboring countries and adopt cryptocurrencies for legal use. Legislators will present a proposal to boost cryptocurrencies and get closer to this asset class. The senator of Mexico’s federal government, […]
TL;DR Breakdown China had recently banned the usage of Bitcoin which led to Bitcoin crash. Now, it has blocked the occurrence of crypto exchanges on search engines. China makes its presence completely against crypto via censorship. Bitcoin has been tumbling down and China has played its role in this phenomenon. There are many investors who […]
TL;DR Breakdown Regulators in Canada after two crypto firms linked with Kucoin OSC says KuCoin did not comply with regulatory laws in the country The Ontario Securities Commission (OSC) has said it would take enforcement action against two Canada crypto firms linked with cryptocurrency exchange KuCoin. The regulator says the crypto firms would face the […]
TL;DR Breakdown • Cryptocurrencies have lost 50% in popularity since April.• Cryptocurrency prices are affected by IRS regulations and announcements from China. Cryptocurrency prices have plunged in every sense early this Tuesday while a regulatory environment is present. Investor interest has waned, and comments from people of high cadre like Donald Trump helped make this […]
TL;DR Breakdown The President of El Salvador has brought forth a revolutionary idea for the country. In a Bitcoin conference held in Miami, the President sent his recorded statement. He is going to introduce legislation in Congress to legalize cryptocurrency. The current President of El Salvador, Nayib Bukele, has made a huge announcement in his […]
TL;DR Breakdown • Weibo to block promotional accounts immediately.• Beijing fights against cryptocurrencies and tries to block Bitcoin trading. The Chinese social network Weibo supports the Chinese government’s repression against cryptocurrencies. This Twitter-like platform has banned several accounts associated with virtual currencies and their marketing. The social network is directly associated with the popular government’s […]
TL;DR Breakdown The South Korean government had a meeting with officials from 20 crypto exchanges. The officials were gathered behind closed-doors and no press was allowed. Sources claim the exchanges explained their grievances in the meeting. These exchanges were relatively smaller and newer ones. A South-Korean organization called the Financial Services Commission decided to convene […]
TL;DR Breakdown • The Governor of the Bank of England is against cryptocurrencies.• Cryptocurrency companies will have a new opportunity to apply. Over fifty cryptocurrency companies are in trouble in the UK for failing money laundering test. The financial conduct authority announced that several companies had withdrawn their applications for temporary permits since they were […]
TL;DR Breakdown A report titled “The international role of the Euro” was released by the European Central Bank. It discussed how certain countries with no CBDC plans are at risk. There are plenty of fears of banks when it comes to crypto. The possibility of waking up to new rules imposed by banks on their […]