Thailand Bans the Use of Customer Crypto Assets for Lending and Investment
Byline: Hannah Parker The Thai Securities and Exchange Commission (SEC) has banned digital asset service providers focused on investor protection. The new rules prohibit crypto firms from offering crypto lending services that provide returns to investors for their deposits. The rules demand that digital asset operators start warning their customers against the risks of crypto…
Paxos Partners with Mercado Libre in Mexico to Bring USDP
Byline: Hannah Parker Blockchain fintech firm Paxos and an online marketplace MercadoLibre have collaborated to bring Pax Dollar (USDP) stablecoin to Mexico users. The move allows for seamless transactions facilitated by MercadoPago, the digital wallet application provided by Mercado Libre. On June 28 2023, in a press release, Paxos announced that USDP would be available…
Treasury Official Says Australia’s Token Mapping to be Tech Agnostic
Byline: Hannah Parker According to a Treasury official, the Australian Treasury is taking a tech-agnostic and principles-based approach to defining crypto assets through its digital asset token mapping. This framework plans to easily classify tokens based on their purpose and function, providing a structured way to regulate them. On June 26 2023, at the Australian…
Tether Signs MoU to Develop Bitcoin P2P Infrastructure with Georgia
Byline: Hannah Parker Tether, a stablecoin issuer, has signed a memorandum of understanding (MoU) with the government of Georgia to develop Bitcoin (BTC) and peer-to-peer (P2P) infrastructure in the country. This partnership between Tether and the Georgian government will focus on building critical infrastructure for a thriving startup ecosystem in the country. The collaboration intends…
The Future of Crypto Gaming: How to Earn Bitcoin with Your Skills
Gaming started as a source of entertainment. It quickly became competitive, where gamers went head-to-head with their rivals. Game developers have brought back the joy of casual gaming by blending crypto with gaming. Now, anyone, whether a casual or competitive gamer, can earn through crypto. So how does it work? How can anyone start earning…
The Power of Smart Contracts: Unlocking Efficiency and Trust in Web3
Byline: Hannah Parker Smart contracts are becoming a revolutionary force inside Web3 in the constantly changing technological world. These self-executing smart contracts, stored as blockchain data, give digital agreements automation, efficiency, transparency, and security. Smart contracts improve procedures and promote extraordinary benefits across sectors by eliminating the need for third-party involvement. Through immutability and transparency,…
Crypto Hackers Steal $3 Million from 1,932 Victims
Byline: Hannah Parker Crypto assaults and hacks are rising as hackers use more advanced techniques to prey on unsuspecting victims. In the midst of crypto attacks, ‘Purple Drainer’, a well-known hacker group, has surfaced. The group pretended to be crypto news journalists to conduct phishing operations against Twitter and Discord accounts, stealing around $3 million…
Estonia Cracks Down on Crypto Regulation
Byline: Hannah Parker Estonia, a nation recognised for its technological innovations and digital government services, has long been a central hub for technology. To preserve its prestigious position in the tech industry, the Estonian government has recently taken strong measures to crack down on its cryptocurrency sector. Formerly lauded as a top location for cryptocurrency…
Crypto is Still the Best Investment for 2023 – Here’s Why
Byline: Hannah Parker Cryptocurrencies have transformed the investing environment, providing decentralised alternatives to traditional investments. Below, we investigate why cryptocurrency is regarded as a smart investment opportunity, examining its distinguishing features and the driving causes behind its success. Cryptocurrencies, digital or virtual currencies that operate on decentralised networks known as blockchains, have grown in popularity…
NFT Marketplace Development: The Basics You Should Know
This trendy topic is often associated with excessive hype, frivolous art for millions of dollars, and Snoop Dogg. And sometimes, even with scams. However, what it means at all? Why non-fungible tokens became so popular if they’re so “frivolous,” and why the NFT marketplace development is a good idea for an app? Well, see how…
