Russia Begins Developing Mechanism For International Payments

The Russian financial authorities have started working on a mechanism that would be designed to facilitate the use of cryptocurrency for making cross-border settlements with other countries. The Finance Ministry and the central bank have already come to an agreement about developing a draft law aimed at approving the use of digital financial assets (DFAs) … Read more

Nubank Has Almost 2 Million Cryptocurrency Users Out Of Its 70 Million Users Empire

Latam has become one of the most fertile grounds for any entity or firm that is eager to offer cryptocurrency-related or alternative financial services. This is what has allowed Nubank to hit a new milestone in the Latam region, making it a digital payment services provider with an enormous following. Nubank is a digital neobank … Read more

XRP Price To Lose Value Due To Its Recent Court Claim

Since late 2020, XRP has turned into one of the most controversial cryptocurrencies. Up until December 17, 2020, things were going smoothly for XRP. However, the US SEC had something else in mind about XRP as it had its concerns over its US offerings. The US SEC claimed Ripple Labs, the company behind the creation … Read more

Coinbase Faces A Lawsuit As Claimant Claims Infringement If Patent

Coinbase Global (COIN) has recently come under pressure as it is now facing a lawsuit filed by one an LLC. Veritaseum Capital LLC Sues Coinbase Global The reports confirm that Coinbase Global (COIN) is now facing a lawsuit that has been filed by Veritaseum Capital LLC. The LLC has sued Coinbase Global over an infringement … Read more

Bitcoin Mining Company Compute North Files For Bankruptcy

On Thursday, Compute North, the bitcoin mining firm filed for Chapter 11 bankruptcy in Texas, as the crypto winter does not appear to be slowing down and is creating problems for businesses in the space. On September 22nd, the company filed for bankruptcy petition and it indicates that the company is interested in stabilizing its … Read more

Twitch Has Reportedly Banned Gambling Sites That Are Fueled By Cryptocurrencies

Twitch has made an announcement in regards to banning gambling sites on its platform. According to the reports, the gambling sites banned by Twitch are powered by cryptocurrencies. On particular gambling sites, users are able to use cryptocurrencies on these platforms. Twitch has even banned users from sharing promo codes and referral codes for gambling … Read more

Bank Of Russia And Finance Ministry Agree On Regulation For Crypto Mining

The Russian central bank, prominent government institutions in Moscow and the country’s Finance Ministry are finally aligned on their stance on regulating crypto mining activities in Russia. According to a high-ranking official, they will file a respective bill in the lower house of parliament i.e. the State Duma, soon. Crypto mining regulation A joint position … Read more

India To Finalize Crypto Legality Stance In Next Year

Reports indicate that the government of India is planning to finalize its stance on the legality of cryptocurrencies in the first quarter of 2023. This is because the Indian government wants to become compliant with the Financial Action Task Force (FATF). A government official stated that they would finalize their responses between February and March … Read more

Bitcoin Miner Terawulf Discloses Miners At Lake Mariner Site

Terawulf, the publicly-listed bitcoin miner had announced some time ago that its Lake Mariner data mining data center was fully functioning and boasted a capacity of 30 megawatts (MWs). The latest announcement from the company has revealed that there are almost 12,000 miners who are currently operating at the New York facility. Thus, between the … Read more

Inflation In Argentina Skyrockets Amidst Growth In Crypto Adoption

Last week, the inflation numbers for Argentina were published, which showed that the consumer price index (CPI) hit record levels of 78.5%. In terms of high inflation in Latin America, these figures put Argentina in the second spot after Venezuela, as August saw an almost 8% rise in prices that affected the pockets of Argentinians. … Read more