Iran’s Crypto Community Reacts After Iran Bans Crypto Mining

In the past months, the mining sector has faced harsh sanctions in various countries. Recently, the Iranian government introduced a seasonal ban on crypto mining.  Also, the nation’s electricity distribution company has ordered crypto miners to suspend activities. However, the local community has reacted negatively to the announcement. Many are asking why the company ordered […]

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Hackers Loot Millions From Several Cross-Chain Bridges

In the past months, there have been a series of attacks by hackers on cross-chain bridges. These attacks have caused serious damage to the cryptocurrency community.  Meanwhile, the latest attack was on the popular cross-chain bridge, Horizon Bridge, owned by Harmony. Given the recent economic downturn, this is a huge blow to the DeFi platform. […]

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FINMA Urges Other Watchdogs To Safeguard Crypto Investors

Currently, regulators worldwide are still looking for the best way to regulate the $900-billion industry. Meanwhile, on the 22nd of June, Euronews stated that: “While some state have partially regulated the sector, others have left the sector without regulations.”  Swiss Watchdog, FINMA, Calls For Complete Regulation Of Crypto Market  Various officials warned that not regulating […]

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eBay Acquires KnownOrigin NFT Marketplace

Popular online commerce mogul eBay has acquired an NFT Marketplace, KnownOrigin. This is part of the company’s expansion into the NFT industry.  The Uk-based NFT platform, KnownOrigin, was created in 2018. The platform allows content collectors and creators to sell and buy digital collectibles.  Although the report declared it a “leading” marketplace, an analysis of […]

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Citi Bank To Testrun BTC Custodian Services For Investors

Recent announcements indicate Citi will partner with METACO on a new custodian project. Citi announced on June 22nd that it ant to test run its crypto custodian capabilities.  With this partnership, both firms will combine their technological platforms. METACO will provide its digital and technology solutions. Then Citi would use its wide custody network. The […]

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Huobi Exchange Secures License In New Zealand And Dubai

According to reports, major crypto trading platform, Huobi has secured more operating licenses. The crypto firm has now expanded to Dubai and New Zealand.  On June 17th, Huobi Group obtained an Innovation License to operate in Dubai. This was after registering with the Dubai International Financial Centre (DIFC).  Lily Zhang, the Chief Financial officer of […]

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Meta To Launch Virtual Clothing Store For The Metaverse

Meta, the parent company of Instagram and Facebook, has taken another giant stride for the metaverse. The firm is launching a designer virtual clothing store for its users. Hence, users can buy different wear for their digital avatars. Also, Meta opines that this sector would be very profitable. This is because it determines the identity […]

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KBC Banking Group Releases Its Own Blockchain-Based Coin 

A popular European banking Institution, the KBC Group, has launched its own virtual token. This token, dubbed the “Kate Coin,” is based on blockchain technology.  More also, customers of the banking institution will have access to the token. Customers can use it via their mobile app and digital wallet.  KBC Releases Digital Coin, Kate Coin […]

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BTC Fluctuate As Fed Reserve Increase Interest Rate By 0.75%

On June 16th, the US Federal Reserve raised the interest rate by about 0.75%. This is the single largest increment in the last 30 years. Meanwhile, the Reserve Bank noted that more increments would come later in the year. The hike was aimed at counteracting the increasing inflation in the country. Meanwhile, following the announcement […]

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