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Largest Indonesian Tech Firm Enters the Crypto Market with Acquisition of Local Crypto Exchange

Indonesia’s largest tech firm, GoTo Gojek Tokopedia (GOTO), recently entered the crypto market following its purchase of a local crypto exchange, Kripto Maksima Koin. The deal was concluded for 124.84 billion rupiahs or $8.38 million, as we got to know from a statement to the Indonesian stock exchange regulator. The conclusion of the deal was […]

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Virtuzone, a UAE-based company, will accept crypto payments via Binance Pay

Virtuzone, a company based out of Dubai, UAE, has started accepting cryptocurrency payments. Currently, the company is accepting payments via Binance pay. Since Virtuzone will be using Binance Pay, users can pay via 40 different cryptocurrencies. The list includes some of the most popular coins including Bitcoin (BTC), Ethereum (ETH), and USD coin (USDC). The […]

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Charles Schwab is Launching a Crypto ETF Next Week

Charles Schwab will be launching its first crypto fund next week. Several companies have forayed into the crypto funds market this financial year. Schwab’s fund will have lower expense ratios as compared to funds introduced by competitors like Fidelity and BlackRock. The upcoming crypto fund has been titled the Schwab Crypto Thematic ETF (SCTE). It […]

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Crypto Lender Celsius Files for Bankruptcy Amid Ongoing Market Turmoil

Celsius, the cryptocurrency investment platform, announced that it has filed for bankruptcy in the US on Wednesday. The company had frozen crypto transactions last month and had appointed a team of lawyers in hopes to recover financially. However, the company has faltered and is shutting down amidst the already unstable industry. Celsius’ bankruptcy will add […]

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News NFTs

GameStop Launches NFT Marketplace Amidst the Ongoing Crypto Winter

GameStop, the American video games and consumer electronics retail chain, launched its non-fungible token (NFT) marketplace today. This marketplace will allow gamers, creators, collectors, and other GameStop community members to buy, sell and trade NFTs. This move is controversial because major cryptocurrencies crashed earlier this summer and are showing no signs of recovery. Coupled with […]

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Binance Expands its Network to Spain after Covering France and Italy

Binance, the Seychelles-based digital currency company, is now expanding to Spain After the crypto exchange platform spread its roots in other European countries like France and Italy in May 2022, the company secured a license from the Bank of Spain to operate in the country. The company secured trading licenses from Arabian countries like Bahrain […]

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CoinFLEX will Launch a $47M Recovery to Solve Withdrawal Issues

CoinFLEX had announced that it will be halting all withdrawals. This move came as another shock amidst this ongoing crypto winter with huge declines in crypto value and counterparty uncertainty. This move was triggered by an outstanding debt that a high-net-worth customer owes the exchange. CoinFLEX is now launching a recovery value USD (rvUSD) coin. […]

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Tether Will Launch a Stablecoin Pegged Against the British Pound Sterling

Crypto giant Tether announced its plans to launch a new stable coin this Wednesday. The new stablecoin will launch next month. It will be pegged against the British Pound Sterling. This move is rather challenging to the British government as they are coming up with plans to regulate cryptocurrencies. Stablecoins provide a solid investment opportunity […]

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Biggest Crypto Scam in Indian History: Rs 1,000 cr Duped!

Several fake crypto exchanges have scammed Indian investors off their money. The current estimates stand at a staggering Rs 1,000 crore or US$ 128 million, according to a report. The ongoing scam has been uncovered by a cybersecurity company named CloudSEK. According to the company, the scam was being carried out by several phishing domains […]

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News NFTs

What potential do NFTs have – and what are the risks?

Art, Music, Communication: Could NFTs Turn All of This Inside Out? Many are convinced of the new technology, but there are also critics. “STOP ASKING ME TO DO NFT’s,” US rap star Kanye West recently wrote on his Instagram profile. The hip-hop world can hardly be imagined without the topic: the Berlin rapper Kool Savas, […]

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