Coinbase Suspends Crypto Payment Services In India Amid Pressure From Local Payment Regulators
On the heels of the pressure from local payment regulators, Coinbase has suspended several payment services on its recently launched Indian exchange. Coinbase, the largest US-based cryptocurrency exchange, has suspended payment services via the United Payments Interface (UPI) on its platform for Indian consumers barely three days after its introduction in the South Asian peninsula. […]
NFT Investment PLC Considers £96 Million Purchase Of Pluto Digital
The NFT company made seven investments and a single exit in an early-phase NFT business in 2021. NFT Investments PLC, a U.K.-based blockchain firm that invests in nonfungible tokens (NFTs) stated on Friday that it will no longer pursue a £96 million acquisition of Pluto Digital. Although NFT Investments did not disclose its reasons for […]
Applied Blockchain Files For $60 Million IPO
The IPO application from blockchain firm, Applied Blockchain awaits approval from the United States SEC. UK-based blockchain infrastructure firm Applied Blockchain has on Friday filed an initial public offering (IPO ) application with the US Securities and Exchange Commission to issue 3,236,245 shares of common stock under the ticker symbol APLD on the Nasdaq Global […]
Terra Buys AVAX Worth $200 Million For Reserves
The two primary firms supporting the Terra blockchain’s development have invested a total of $200 million in AVAX, and Near Protocol is said to be releasing a new stablecoin. The Avalanche Foundation has announced that Terraform Labs (TFL) and the Luna Foundation Guard (LFG) have purchased a total of $200 million in AVAX tokens from […]
Russian Prime Minister Declares That Russians Collectively Hold $130 Billion In Crypto
Russians reportedly own over $130 billion in crypto, although the government is yet to adopt legislation on crypto use. The Russian prime minister stated that Russians’ cryptocurrency holdings are worth billions of dollars, but the government has yet to develop a regulatory framework for the industry. Russians collectively own more than 10 trillion rubles ($130 […]