Crypto remittances in Venezuela surge as economic situation worsens
Sanctions from the United States, spiraling inflation and government corruption have created an economic nightmare for Venezuelans.
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Stop listening to celebrities for financial advice, says Binance Super Bowl campaign
Instead, the platform encourages users to do their own research, and trust in themselves when it comes to investing in cryptocurrencies. 192 Total views 2 Total shares From NFL players accepting their salaries in cryptocurrency and Tom Brady founding his own nonfungible token (NFT) marketplace to the NFL providing Super Bowl attendees with customized NFTs, the…

Chinese city launches gov’t-backed metaverse platform
The platform aims to consolidate the resources of academic institutions and enterprises in China, and bolster research efforts in areas related to the metaverse. 376 Total views 85 Total shares On May 22, Nanjing, the capital city of China’s eastern Jiangsu province, inaugurated the Chinese Blockchain Technology and Application Innovation Platform to foster and advance…

From mining to software: China’s regulatory crackdown on crypto continues
Financial institutions, crypto miners, and now software companies — where will regulators in China move to strike next? Financial regulators in China have shut down a Beijing-based software company they suspect of providing services to crypto traders.In a Tuesday joint statement, the Beijing Financial Supervision and Administration Bureau and the Business Administration Department of the…

Bitcoin boon as US inflation hits 13-year high, wages fall to lowest in 21st century
It's grim news for economists and a bittersweet advertisement for Bitcoin this week after the latest CPI report. 1086 Total views 1 Total shares Bitcoin (BTC) gained more free publicity this week as inflation data showed that prices are rising faster than even experts had anticipated.The latest Consumer Price Index (CPI) report on June 10 from the…

World’s largest sovereign wealth fund indirectly holds almost 600 Bitcoin
Mainstream finance giants may hold more Bitcoin than you think. 2008 Total views 33 Total shares The Norwegian Government Pension Fund, also known as the Oil Fund, has over $1 trillion in assets, including 1.4% of all global stocks and shares. It is considered the world's largest sovereign wealth fund. According to Arcane Research’s report…

Almost 1 Million Bitcoin is Held by Darknet Markets, Scammers & Thieves
According to Chainalysis, almost one million Bitcoin is held by Dark Web markets and cybercriminals, with crypto exchanges playing a pivotal role in the space. 2381 Total views 18 Total shares According to Chainalysis, almost one million Bitcoin (BTC) is held by illicit actors in the space with over half being held by darknet markets.Bitcoin…

Rakuten launches NFT marketplace to capitalize on growing adoption in Japan
The explosion of NFT popularity in 2021 is continuing apace in the new year. 828 Total views 26 Total shares Major Japanese e-commerce firm Rakuten has announced the launch of its own nonfungible token (NFT) trading platform dubbed Rakuten NFT.The firm initially revealed its plans to launch a proprietary NFT marketplace in 2021 amid the…

Calls to release Binance exec intensify after 6 months in Nigerian detention
Binance CEO Richard Teng and family members have called for action, claiming Tigran Gambaryan has been unjustly detained in Nigeria since February.