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Mastercard and Binance partnered to offer prepaid services in Brazil

Mastercard and Binance partnered to offer prepaid services in Brazil

Mastercard and Binance have joined forces to launch a prepaid card in Brazil that allows users to spend cryptocurrency. This is the first time that a major payment processor like Mastercard has partnered with a crypto exchange like Binance, signaling the growing acceptance of crypto as a valid form of payment making it easier for customers to access the benefits …

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Bitcoin Soars to Record Heights with its Best January in Last 10 Years

Bitcoin Soars to Record Heights with its Best January in Last 10 Years

The world’s largest cryptocurrency, bitcoin, has experienced a strong start to 2023 after a rough 2022. It has risen 40% in January, marking its best January performance in a decade since 2013.  The overall crypto market has seen an increase of $280 billion this month, with major players like bitcoin and Ethereum leading the charge with a 40% rise. In …

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Nigerian Bitcoin Premium Reaches 60% as ATM Withdrawals are Restricted

Nigerian Bitcoin Premium Reaches 60% as ATM Withdrawals are Restricted

The rise in the price of bitcoin in Nigeria clearly indicates the growing demand for digital currencies in the country. The Nigerian central bank has been pushing for a transition towards a cashless society. The restrictions on cash withdrawals from ATMs have played a major role in driving the adoption of digital currencies. Currently, 1 Bitcoin has a value of …

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Bahrain's Top Real Estate Developer Accepts Bitcoin and Shiba Inu Payments

Bahrain’s Top Real Estate Developer Accepts Bitcoin and Shiba Inu Payments

Bin Faqeeh, a real estate developer in Bahrain, is the newest business to accept Shiba Inu and Bitcoin payments. Recently, Bin Faqeeh stated that its clients could now pay for real estate properties using Shiba Inu(SHIB) and Bitcoin (BTC). Clients must use their Binance Pay app to scan a QR code issued by the real estate company to pay for …

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Russia Proposes a Ban on Cryptocurrency Mining in Residential Areas

Russia Proposes a Ban on Cryptocurrency Mining in Residential Areas

According to local media reports, the State Council’s Energy Committee advises the Russian president, who has suggested a ban on creating digital currencies in residential areas to lower the risk of fires.  Cryptocurrency mining, a popular source of additional income for many Russians, is currently unregulated in the country. However, a bill aimed at regulating the activity is currently under …

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WazirX Claims Binance Lied About Ownership As Conflict Over India's Biggest Exchange Heats Up

WazirX Claims Binance Lied About Ownership As Conflict Over India’s Biggest Exchange Heats Up

WazirX, India’s largest cryptocurrency exchange, has accused Binance of lying about its ownership of the Indian platform. The dispute between the two companies began when Binance announced in November 2019 that it had acquired WazirX. However, WazirX CEO Nischal Shetty has now claimed that the acquisition never took place and that Binance has falsely represented itself as the owner of the …

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Man Receives 4.5 Years Behind Bars for Robbing $2 Million in Cryptocurrency Assets

Man Receives 4.5 Years Behind Bars for Robbing $2 Million in Cryptocurrency Assets

Cryptocurrency is becoming increasingly popular, with its value growing exponentially over recent years. Unfortunately, this also means it has become an attractive target for criminals and fraudsters. This has been highlighted recently by the case of a man from the Netherlands who was sentenced to four and a half years in prison for stealing crypto assets worth £2 million. This …

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Japan's FSA Gives Green Light to Stablecoins by June 2023

Japan’s FSA Gives Green Light to Stablecoins by June 2023

Japan’s Financial Services Agency (FSA) announced it would lift the ban on stablecoins, with new regulations set to take effect in June. This move is seen as a significant step towards the mainstream adoption of stablecoins, digital assets that are pegged to the value of a fiat currency, commodity, or other assets. The new regulations will require stablecoin issuers to …

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The 6.3% decline in Solana (SOL): A Healthy Correction or a Cause of Concern?

The 6.3% decline in Solana (SOL): A Healthy Correction or a Cause of Concern?

The digital currency ecosystem is experiencing a downturn, as reflected in the decrease in crypto market capitalization, which dropped by 3.34% to $1.02 trillion. Among the various altcoins that contributed to this dip in value, Solana (SOL) saw a 6.3% decrease, bringing its price to $23.33. It is important to note that the cryptocurrency market is highly volatile, and fluctuations …

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