Theranos was a massive scam project initiated by 19-year old Elizabeth Holmes. Holmes initiated a biotechnology project that promised to revolutionize the blood-testing industry. She was able to gather hundreds of millions in funds from major financial investors. However, her project never bore any real fruit and remained very secretive. Eventually, the Securities and Exchange…
El Salvador is the first-ever country in the world to accept Bitcoin as a legal tender. The step is seen as an economic experiment by financial organizations like IMF. However, despite all the setbacks and criticism, President Nayib Bukele has continued to support his decision to integrate Bitcoin into the main financial infrastructure of the…
ConocoPhillips is a known Bitcoin mining farming organization. The company recently decided to stop the process of flaring and outsource the excess gas to the Bitcoin mining organization. Flaring is a process that oil rigs use to discard the harmful gases that are created during the process. However, the process generates a considerable amount of…
Ryan Reynolds is known for his quips and snickers. However, the comedian and MNTN chief creative officer recently had a serious conversation about cryptocurrencies. Since last year several celebrities, athletes, singers, and rappers are taking an interest in cryptocurrencies and played their role in introducing them to a bigger audience. Raynolds was speaking to the…
The prospects for commercial, financial enterprises starting large-scale crypto trading services in Singapore are not without their challenges. However, DBS, one of the banking giants operating in the region, has recently made it public that it has managed to acquire a license. The issuer of the license is MAS or the Monetary Authority of Singapore….
Thailand is the center of tourism and vacation destination in Asia. The country can benefit from the prospect of making cryptocurrency payments more viable. However, the financial regulators of the region have recently decided to introduce a proper cryptocurrency regulatory framework. The new legislative changes will be directed towards the use of digital assets as…
The Solana Network has suffered from yet another outage recently. The outage resulted in the network going offline for around 24 hours and left the investors of the ecosystem suffering from losses. At present, the cryptocurrency market is suffering from a bear market transition. Solana network is among the top Ethereum parallel networks. However, with…
MetaMask is a Web3 cryptocurrency wallet project that is the best source of gaining access to the Ethereum blockchain and EVM-compatible blockchain networks. However, recently a cybersecurity analyst pointed out that there is a major threat facing the users of the wallet. Alexandru Lupascu is a cryptographer and security analyst who recently posted a detailed…
Mike McGlone is a senior Bloomberg analyst and financial strategist. He recently shared his opinion about the future price development for Bitcoin. McGlone added that during the current year, Bitcoin is going to solidify its position as a strong substitute for gold. He also claimed that Bitcoin has already started to transition from risk-on to…
The Ripple Labs vs SEC case has been a matter of discussion among members of the crypto community for a considerable time. Some crypto proponents opine that SEC is planning to set a precedent through the case about cryptocurrency regulations in the United States. To this end, Jake Chervinsky, head of the USA Blockchain Association,…
Pluang is an online investment application developed and operating in the Indonesian territory. Recently, the super-investment application was able to generate around $55 million in a funding event. The biggest contributor to the application is Accel, a venture capital firm operating out of California that has invested in several ventures in India, China, London, and…
The government of Iran has recently made some new changes to its cryptocurrency legislative stance. Iran has decided to explore the opportunities offered by digital asset markets for the imports and exports industry. The main aim of the Iranian government is to seek crypto options for international trade deals. The Central Bank of Iran or…
