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Houston Rockets Partner With Bitcoin Company NYDIG in Sponsorship Deal
18.11.2021
NBA basketball team the Houston Rockets has partnered with NYDIG, a leading bitcoin solutions provider, to be the team’s official bitcoin services partner. The deal will provide the team with cryptocurrency-related opportunities and give NYDIG exclusive exposure in the team’s social...
Binance to Support the NEM (XEM) Network Upgrade
18.11.2021
Binance, the world-renowned exchange, recently announced that it would support the upcoming NEM (XEM) network hard fork and upgrade. The NEM network will release the upgrade after the XEM mainnet reaches the block height of 3,464,800 or on 18th November at 18:00 UTC. The network will suspend...
Canadian Youth Arrested Over USD 36.4M Crypto Theft
18.11.2021
A Hamilton youngster has been arrested for alleged involvement in the theft of over USD 36.5m worth of digital assets - the biggest theft reported by one person.
Hamilton is a port city in the Canadian province of Ontario. The arrest came as a result of a joint investigation between Hamilton...
Argentina U-Turns On Crypto Tax With New Regulation
18.11.2021
In an abrupt U-turn on an earlier stance adopted by the country’s authorities, the Argentinian government has released a decree that imposes a tax on credits and debts on transactions involving cryptoassets. The regulation was published on November 17, and the measures entered into force on...
Nigeria Central Bank Governor: Cryptocurrency Is a Product ‘Embedded in High Level of Illegality’
18.11.2021
The Central Bank of Nigeria (CBN) governor, Godwin Emefiele, has claimed that a majority of cryptocurrency transactions are embedded in illegality. He also asserts that there is no room for cryptocurrency in the Nigerian banking space. Pushback Against Endsars Protest Claims In his latest...
ODIN Welcomes Cardano and Works with OKEx
18.11.2021
Odin is a trading platform with a wide range of features that will appeal to a large and diverse demographic of users. Beginning traders will benefit from learning and gaining insight from more seasoned traders. Algorithmic traders have the opportunity to host bots, which are simple to construct...
Russia’s Prosecutor General Wants Cryptocurrency Recognized as Property Under Criminal Law
18.11.2021
The Prosecutor General’s Office of Russia has proposed to define cryptocurrency as property in the country’s Criminal Code. Decentralized digital money has already been qualified as such in the provisions of several other laws although various aspects of cryptocurrencies remain...
Famed Economist Doubts Bitcoin Will Become Global Currency
18.11.2021
Mohamed El-Erian, chief economic advisor at financial services company Allianz, says that bitcoin is not going to be a global currency and will not replace the U.S. dollar. However, he believes the cryptocurrency will always exist in the ecosystem and will not be regulated out of existence. Bitcoin...
Blockchain Industry to Surpass $67 Billion by 2027: Fintech Report Names 2021’s Most Influential Blockchain Companies
17.11.2021
Financial technology (fintech) has exploded during the last two years and cryptocurrency and blockchain firms have bolstered the billion-dollar industry. A recently published study by Utility Bidder indicates that the industry is predicted to surpass $382 billion by 2027. Moreover, fintech firms...
China Targets Crypto Mining at State-Owned Enterprises, Threatens Punitive Measures
17.11.2021
Authorities in China are continuing to crack down on activities linked to cryptocurrencies which they consider illegal. The country’s top economic planning body has clearly indicated it intends to go after large-scale cryptocurrency mining taking place at government-operated industrial...
India to reduce GST paid on cryptocurrency exchanges from 18% to 1% through regulatory reclassification
17.11.2021
Despite the growing popularity of cryptocurrencies in India, lawmakers remain deeply divided on implementing a proper regulatory framework
Angelenos push back on new Crypto.com arena: 'It will always be the Staples Center'
17.11.2021
"We are always gonna call it Staples Center no matter what lil name you slap on the building," said writer and professor Roxane Gay, who owns a home in Los Angeles
Iconic Staples Center, Home of Los Angeles Lakers, Changing Name to Crypto.com Arena
17.11.2021
Staples Center, one of the most iconic and globally recognized sports and entertainment arenas in the world, is changing its name to Crypto.com Arena. Crypto.com has also become an official cryptocurrency platform partner of the Los Angeles Lakers and the LA Kings. Staples Center’s New Name...
Nearly 500,000 Nigerian CBDC Wallets Downloaded Since Launch
17.11.2021
Nearly half a million e-naira wallets have been downloaded a few weeks after the central bank digital currency (CBDC) was officially launched by Nigerian President Muhammadu Buhari, the central bank has said. E-Naira’s Initial Trade Volumes In addition to the 488,000 wallets that have been...
Ripple and Binance Weigh in on Crypto Regulation
17.11.2021
The crypto industry is familiar with complications, showcased by big names like Ripple and Binance. Both the renowned ventures have experienced severe regulation issues in multiple territories. Binance spent an entire year facing allegations against money laundering moderation. Changpeng Zhao,...
Staples Center Los Angeles will be renamed Crypto.com Arena
17.11.2021
After a deal with its owner AEG, the Staples Center will be known as Crypto.com Arena from December
Cudos and Tingo Vow to End the Poverty Premium with a Huge Partnership
17.11.2021
London, England / November 17th, 2021 – Minutes of standing ovation followed Cudos’ latest announcement at the AIBC summit. The decentralized cloud computing blockchain network will partner with Tingo to tackle the poverty premium through mobile monetization applications. The announcement...
Sovryn to Enable Greater Financial Inclusion with Bitcoin-Backed Stablecoins
17.11.2021
The team at Sovryn, a Bitcoin native app for decentralized lending, notes that we’re currently in the middle of an unprecedented transition from a global economy relying on fiat and dominated by the USD to an economy based on BTC transactions. This gradual transition, from the legacy system to...
IOTA Launches Staking Program to Offer Token Rewards
17.11.2021
IOTA recently announced IOTA staking for token holders. The release will allow users to stake the token and earn rewards. It will also help the IOTA ecosystem grow and offer additional earning prospects. The network will release its whole token supply on its staging platform, the Shimmer Network....
Kyrgyzstan Shuts Down Cryptocurrency Farm With 2,500 Mining Rigs
17.11.2021
Authorities in Kyrgyzstan have uncovered and shut down a large crypto mining farm in the north of the country. Law enforcement officials claim the illegal coin minting facility has inflicted “colossal damage” to the nation’s power grid and that they are still trying to estimate...