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El Salvador Plans to Offer Crypto Loans to Small-Scale Entrepreneurs
22.1.2022
The government of El Salvador will offer cryptocurrency-based loans to small companies. Conamype, the National Commission for Micro and Small Enterprises, will be the link between the investors and a decentralized finance protocol called Acumen, that will be able to provide funding in stablecoins....
Russian Banks Begin Testing Digital Ruble Payments
22.1.2022
Banks in Russia are preparing to dive into the pilot phase of the digital ruble project and some are already testing transactions with the currency. Trials have started with customer-to-customer (C2C) payments and Bank of Russia plans to expand the types of operations in the future. Digital Ruble...
New BHUNT Malware Targets Cryptocurrency Wallets via Software Installs
22.1.2022
Bitdefender, a cybersecurity and antivirus company, has detected BHUNT, a new kind of malware that targets cryptocurrency wallets via software installs. The malware works on top of installs of unsecured or cracked software, that already comes packaged with the system to be deployed on desktop...
Iran to Pilot ‘National Cryptocurrency,’ Considers Blockchain Tech for Stock Market
22.1.2022
The Central Bank of Iran soon plans to launch the pilot phase of its digital currency project, an official unveiled. The Islamic Republic hopes to a join a growing club of nations that want to take advantage of having a sovereign coin, while it also seeks to implement blockchain technology in other...
Botswana Cryptocurrency Regulation: Government Set to Present Virtual Asset Bill to Parliament
22.1.2022
The Botswana government is set to present a “Virtual Asset Bill” to the country’s parliament, a move that could see it become one of the first countries in Africa to have laws regulating cryptocurrencies. Preventing the Proliferation of Risks Associated With Cryptos A Botswana...
Robinhood Begins Rolling Out Crypto Wallets to Select Customers
22.1.2022
Trading platform Robinhood has begun rolling out crypto wallets to 1,000 customers. Users can send and receive their cryptocurrencies from Robinhood to external crypto wallets, the company explained, adding that by March, 10,000 customers will be testing the wallets before rolling out to the rest...
NYC Mayor Eric Adams Converts First Paycheck to Bitcoin and Ether via Coinbase
22.1.2022
The mayor of New York City, Eric Adams, has received his first paycheck in bitcoin and ether via Coinbase. “Promise made, promise kept,” the mayor said, referring to his promise to take his first three paychecks in cryptocurrency. Mayor of New York City Takes Paycheck...
Indonesian Religious Organization Issues Decree Forbidding Use of Crypto by Country’s Muslim Population
21.1.2022
Indonesia’s Tarjih Council and the Central Executive Tajdid of Muhammadiyah have issued a fatwa (decree) stipulating the illegality of cryptocurrency use or investment by the country’s Muslims. The fatwa points to the volatility as well as the lack of state backing as reasons...
Report: A16z to Raise $4.5 Billion for Crypto Investments
21.1.2022
A16z, a leading VC company in crypto, is reportedly ramping up its investments in the field this year. The company is said to be looking for $4.5 billion to invest in different cryptocurrency-related funds. This amount more than doubles the entire amount the company invested in crypto last year....
Reuters: Binance was withholding information from regulators, repeatedly shunned own compliance department
21.1.2022
According to the investigation, the world's largest crypto exchange pursued growth while dodging regulatory scrutiny
Bank of Russia to Monitor Banks’ Dealings With Crypto Exchangers
21.1.2022
The Central Bank of Russia has started to examine the operations of Russian banks with cryptocurrency exchangers, according to local media. Transactions between individuals through these platforms are of particular interest as the regulator believes these carry risks of financial losses and fraud....
Crypto Market Slides as Stocks Get Hammered, Bitcoin Falls Below Key Support
21.1.2022
The crypto market continued lower over the past 24 hours following a selloff led by technology stocks in the US on Thursday. The falling prices were accompanied by liquidations across the crypto market, with one analyst saying the leverage flush-out could potentially set the market up for...
Etherisc Launches Decentralized Flight Insurance via Chainlink Data Feeds
21.1.2022
Chainlink landed yet another esteemed partnership as it helped Etherisc launch its new blockchain-based flight insurance product. The decentralized insurance ecosystem launched FlightDelay on the Gnosis Chain Mainnet using Chainlink Data Feeds. The integration allows FlightDelay to issue policies...
Japan’s Casino Regulator Is Changing the Rules in the IR Space
21.1.2022
Local governments & their integrated resort (IR) partner organizations in Japan will shortly send their completed proposals to the National Diet. The nation’s Casino Regulatory Commission (CRC) has issued a few regulation notifications before the deadline. In April of last year,...
Bitfinex Releases Staking Rewards for MATIC
21.1.2022
Bitfinex recently announced staking rewards for MATIC users on the platform. The venture released an official post on their website to make the announcement. Polygon recently shared 90 million MATIC with Bitfinex to promote staking rewards for users. Bitfinex anticipates that its audience can earn...
Laos Licenses 2 Cryptocurrency Trading Platforms
21.1.2022
The central bank of Laos has issued licenses to two cryptocurrency trading platforms. Lao Digital Assets Exchange (LDX) and Bitqik are now the only two licensed entities that can offer full brokerage and trading services in cryptocurrencies and other digital assets in the country. 2 Cryptocurrency...
First 1,000 Robinhood Customers Get Crypto Wallets
21.1.2022
US online trading platform Robinhood has launched a beta program for its crypto wallet, and it began to roll out the wallets to 1,000 customers from the top of its WenWallets waitlist.
By March, the program is set to cover 10,000 customers before the feature is activated for the rest of...
Why Web 3.0 Needs PriFi?
21.1.2022
Let’s talk about the future of the internet. It is not solidified, and open internet is far from guaranteed. The future of the internet is being molded, shaped, & developed through a series of cascading steps that will either help or hinder the future. Take the Web 3.0 movement as...
Bank of Russia Proposes Wide Ban on Cryptocurrency Use, Trade, Mining
21.1.2022
True to its hardline stance on decentralized digital money, the Central Bank of Russia is now pushing for a wide-ranging ban on crypto-related activities such as issuance, exchange, and mining. A consultation paper published by the regulator cites threats to financial stability and citizens’...
Indian Government Needs More Time to Finalize Crypto Bill: Report
21.1.2022
Indian government officials reportedly said that India’s cryptocurrency bill will require more time because crypto is a complex subject. The bill is therefore unlikely to be introduced in the upcoming session of parliament. The government reportedly wants to hold more discussions to build...