OKX, Bybit Remove Tinkoff Bank, Sberbank from Payments List
Due to international financial sanctions on Russian banks, cryptocurrency exchanges Bybit and OKX have followed in Binance’s footsteps to remove Tinkoff Bank and Sberbank from their P2P transactions list. According to Russian media outlets, local users can no longer receive fiat currency in exchange for their cryptocurrency on Tinkoff or Sberbank accounts via the P2P […]
Web3 to Drive Breakthrough Growth,’ Says Hong Kong Fin Sec
Paul Chan asserts that blockchain and Web3 technologies will be responsible for the next development in Hong Kong’s digital tech industry. Paul Chan Mo-po, Hong Kong’s financial secretary, has reaffirmed his support for blockchain technology, describing it as the subsequent “breakthrough growth” in the digital technology industry. In a blog post published on August 27, […]
Laos Cuts Power Supply to Crypto Miners Amid Drought
Électricité du Laos (EDL), a state-owned electricity distribution company in Laos, has announced that it will suspend electricity supply to cryptocurrency mining operations in the country, citing difficulty in generating sufficient power amidst drought conditions. According to the announcement, Laos had a shortage during the first half of 2023. Extreme heat increased the electricity demand […]
Prime Minister Modi Calls for Global Crypto Framework at G20 Summit
During the annual Group of 20 (G20) summit, Indian Prime Minister Narendra Modi urged cooperation in developing a global cryptocurrency regulatory framework. The G20 comprises 19 countries and the European Union, representing the world’s major developed and emerging economies. It leads to international economic cooperation, which is crucial in strengthening global architecture and governance on […]
OnlyFans’ Parent Company Buys $20M Ethereum
The cryptocurrency was acquired between 2021 and 2022 by Fenix International, the parent company of OnlyFans. The parent company of the subscription platform OnlyFans is the most recent organization to disclose its cryptocurrency holdings, revealing it invested nearly $20 million in Ether ETH. According to a financial filing made on August 24 to the UK corporate registry, […]