Chinese court rules salary payments in USDT as illegal
A Chinese court has ruled against salary payment using Tether USDT stablecoin as illegal citing the government’s ban on all types of cryptocurrency transactions last year. According to the local news outlet Beijing Daily, the Chaoyang District People’s Court in Beijing has decided that stablecoins like USDT cannot be used for wage payments. Due to […]
Ethereum Name Service (ENS) domain registrations surge by over 200%
Following a reduction in gas fees, the number of registrations through the Ethereum Name Service (ENS) reached 126,141 in just one week, indicating a rise in interest in Ethereum domains. Over the weekend, registrations increased by more than 200 percent, going from 11,042 to 29,727, according to Nick Johnson’s data tracker, the ENS Dashboard. This […]
El Salvador’s Chivo wallet processed $52M in remittances in 2022
The El Salvador Central Reserve Bank reports that from January to May of this year, payment app Chivo has processed remittances from Salvadorans residing abroad totaling about $50 million. The $52 million in remittances that Chivo, a national digital wallet service , processed over the first five months of the year, was a significant finding. […]
British crypto owners are mostly hodler – Survey
According to the study, 10% of British adults currently own or have previously owned crypto, with 55% never having sold any of it. In Great Britain, a typical crypto asset holder would be young, male, and a hodler. Additionally, they would view cryptocurrency as a “fun investment.” These are the results of recent research that […]
Shiba Inu to launch new token dubbed TREAT
According to Shytoshi Kusama, the chief creator of ShibaSwap and a significant SHIB influencer, Shiba Inu will launch a new token TREAT, as part of its growth process. Shytoshi’s blog, which also included additional updates on Shiba’s L2 blockchain Shibarium and its stablecoin, SHI, was where the Treat launch announcement was made. The Treat token […]