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Binance Bifinity

Binance Launches Its Payments Technology Company, Bifinity

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Leading crypto trading platform and development infrastructure provider Binance announced the launch of its fiat-to-crypto payments company, Bifinity. Bifinity supports more than 50 crypto assets and popular payment methods like VISA, Mastercard, and more. Powered by Binance, Bifinity is a...

Andre Cronje DeFi

Andre Cronje and Anton Nell Decided to Leave DeFi

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DeFi architects Andre Cronje and Anton Nell, who have years of experience in developing and leading various projects, made a decision to leave the industry. According to a tweet by Anton Nell, the pair is ending the chapter of contributing to the DeFi/crypto sector. Nell added that there are about...

Virginia banks crypto

Virginia Now Allows Banks to Offer Crypto Custody Services

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The Senate of the US state of Virginia approved a bill that will allow banks to provide crypto custody services in case they have enough resources to manage possible risks. Governor Glenn Youngkin is expected to sign the document in 7 days. This means that customers can trust banks to safe keep...

Shake Shack Bitcoin rewards

Shake Shack To Give BTC Rewards For Cash App Users

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US fast-food restaurant company Shake Shack will give Bitcoin rewards for purchases made via Cash App, the mobile payment service released by Block, a company that delivers financial solutions. Paying with Cash app’s debit card and using the rewards project, users will get 15% of the paid amount...

European Union Russia crypto

EU Acts To Prevent Russia’s Avoiding Sanctions Through Crypto

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The European Union is considering new measures to make sure that Russia can't use digital assets to circumvent economic sanctions. During a video call held on March 2, EU finance ministers and other officials discussed the risks that digital assets could allow Russia to bypass restrictions. The...

Terra Luna total staked value

Terra (LUNA) Overtakes ETH as the 2nd Largest Staked Crypto

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LUNA, the native coin of the Terra blockchain now is the second largest crypto asset by the total value staked. Data from Staking Rewards, a research platform focused on yield-generating assets, reveals that Terra now comes after Solana as the 2nd largest Proof of Stake (PoS) network. At present,...

Russia sanctions crypto US

US Senators Concerned That Russia Can Use Crypto to Avoid Bans

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Senators Elizabeth Warren, Elizabeth Warren, Sherrod Brown, and Jack Reed wrote a letter to the Secretary of the Treasury, Janet Yellen inquiring about the progress that the agency has in monitoring and enforcing sanctions compliance by the crypto sector. Also, Senators expressed their concerns...

Electric Capital fundraising

Electric Capital Announced Raising $1 Bln

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An early-stage venture capital company, looking to invest in crypto, blockchain, fintech, and marketplaces, Electric Capital announced raising $1 B. The VC will use the funds to invest in programmable money and web 3. The sum includes a $400 M fund closed the previous year and $600 M raised last...

Binance about sanctions russia

Binance CEO Says Blocking All Russian Users Is Unethical

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The CEO of the largest crypto exchange by volume, Binance, said that it would be unethical for Binance to block all Russian accounts. In an interview with Bloomberg, Changpeng Zhao (CZ) said that the exchange follows sanctions rules very closely, and whoever is targeted by sanctions won't be able...

Citadel CEO crypto

Citadel CEO Ken Griffin Reconsiders His Opinion on Crypto

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Ken Griffin, the CEO of American hedge fund and financial services provider Citadel announced that the company is considering entering the crypto market and offering clients digital assets services this year. In a recent interview, he said that the growth of the crypto sector proved that his...

Animoca Brands Russian users

Animoca Brands Halts Russian Users According to a Legal Advice

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Animoca Brands, leading gamification, blockchain, and AI company makes its services unavailable for Russian users as the number of sanctions against the country is increasing for invading Ukraine. In an interview with Bloomberg, Animoca co-founder Yat Siu said that the step will affect subsidiaries...

MetaMask team MetaMak token

MetaMask Lead of Operations Talked About the Token Launch

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Jacob Cantele, the lead of operations at the popular crypto wallet, MetaMask (Consensys) talked about the project and development plans. The wallet started in 2016. Now the number of monthly average users is around 21 million. MetaMask also plans to launch its token. The first time the company...

KPMG NFTs and Ethereum Domain Name

KPMG Canada Bought a WoW NFT and an Eth Domain Name

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The Canadian branch of KPMG, a global network of professionals that provides audit, tax, and advisory services, has acquired an NFT from the collection World of Women (WoW) along with an Ethereum Name Service domain name. KPMG (Klynveld Peat Marwick Goerdeler) is one of the Big Four accounting...

India crypto legal status

India’s Supreme Court Asks for Crypto Status Clarification

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Local media of India reports that the Supreme Court urged the Indian government lawyers to clarify if cryptocurrencies are legal or not. The legal status of the sector is uncertain as there is no regulatory framework but on the other hand, the Ministry of Finance imposed a 30% taxation rule on...

Ukraine crypto exchanges

Ukrainian Politician Asked Crypto Platforms To Ban Russian Users

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Mykhailo Fedorov, the Vice Prime Minister, who is also Minister of Digital Transformation of Ukraine, turned to major cryptocurrency exchanges, asking them to block all Russian and Belarusian users. He wrote on Twitter that it's essential to ban not only politicians but all users. I'm asking...

EU ECB crypto

While EU Postpones Vote on PoW Tokens, ECB Urges to Act

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The European Parliament has put off the vote on the Markets in Crypto Assets (MiCA) draft, which discusses the environmental impact of Bitcoin and other cryptos which use the Proof of Work mining algorithm. Parliament member Stefan Berger announced that the vote scheduled for Feb. 28 was delayed,...

Coinbase crypto report

Coinbase Generated $2.5 B of Net Revenue in Q4 2022

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Leading crypto exchange Coinbase reported its earnings for the 4th quarter of 2022. After the publication, the shares of the company increased. According to the report, the company ended 2021 with strong performance across key metrics. The net worth of the company in Q4 2021 was $2.5 bln, the net...

crypto Ukraine

As Ukraine’s CB Halts E-cash Transfers, People Turn To Crypto

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Ukraine’s Central Bank restricted digital money activities, which resulted in increased usage of crypto. Data from a crypto trading platform Kuna show that Ukrainians are mainly paying a premium for Tether's USDT. The CB told e-money issuers to halt the issuance of digital currencies and the...