Category: Blockchain

Binance Withdraws S’pore Bourse Application, Closing Local Trading Platform by Feb

Binance Asia Services Ltd has withdrawn its application for a local license to run a bourse in crypto-friendly Singapore following by shutting down its trading platform. The unexpected move by the Singapore affiliate of the world’s largest cryptocurrency exchange ended an effort that started last year to win approval from Singapore’s authorities. The company will

WhatsApp to Test Crypto Payments in U.S. by Using Novi Digital Wallet

WhatsApp, a popular mobile messaging app owned by Meta Platforms (formerly Facebook), is testing cryptocurrency payments for a limited select group of users in the U.S. via its Novi digital wallet. The WhatsApp crypto payments feature will allow users to send and receive money instantly, securely, and with no fees and use the Paxos stablecoin,

Bitcoin’s Hashrate Recovers and Hits New ATH at 182.01 EH/s

The hashrate of Bitcoin mining reportedly has recovered and even hit an all-time-high, after massive crypto miners experienced an exodus out of China due to the suppression from the Chinese government. In May, Bitcoin (BTC)  miners were pushed to the wall as authorities made it clear that crypto mining was unwelcome in Chinese soil. BTC

South African Regulator to Unveil Consumer Protection Regulations in Early 2022

The South African Financial Sector Conduct Authority (FSCA) is on track to unveil an encompassing regulatory framework, aiming at protecting consumers that emanate in the digital currency ecosystem from scams. According to a Bloomberg report, citing the confirmation of the plans from regulator’s commissioner Unathi Kamlana, also it is noted that the regulator wants an avenue

Europe Takes the Major Share in terms of Global Crypto Distribution

As crypto adoption continues to gain steam, Europe is at the helm for crypto distribution worldwide. At least $5 trillion worth of cryptocurrencies were received between July 2020 and June 2021, representing 35%. Asia and America come second and third with 28% and 27%, respectively. The Middle East and Africa come a distant fourth and fifth

PayStand Adds Cryptocurrency to Its Balance Sheet

Last Friday, December 10, PayStand, a cloud-based payment platform for B2B companies, announced that it has been buying Bitcoin and Ether on its balance sheet. Such action by the PayStand firm marks a significant milestone for B2B SaaS companies and further legitimizes the emergence of crypto as a potential balance sheet asset. The company’s move

Mastercard Onboards Ava Labs as Part of Start Path Crypto Program

American payment services firm Mastercard has onboarded Avalanche blockchain creator Ava Labs as part of its Start Path Crypto Program, designed to explore and solve how blockchain technology can democratize use cases for people and businesses worldwide. As announced by Ava Labs, the blockchain startup will join a host of other crypto innovators to redesign

Ethereum’s Median Fee Hit a 4-Month Low, while Address Activity Soaring to a 7-Month High

Despite making significant strides in 2021, high gas fees in the Ethereum (ETH) network have been a big headache. Nevertheless, users have a sigh of relief because Ethereum’s median fees have dropped to $5.50 per transaction from highs of $34.18 last month. On-chain metrics provider Santiment confirmed:  “Ethereum’s median fees have quietly come back