“It’s very prestigious, and a privilege, to be able to be approved by Apple for this kind of integration…These big platforms give us exposure to bigger audiences,” said Manghani. “Our attempt always has been to diversify and expose both the app as well as Web3, and the benefits that it can bring to an audience that is not limited just to within the Web3 community.” Source
Gemini seeks to exact its owed payment sum from Genesis parent DCG and is working with several creditors on a forbearance plan. Gemini Trust Company LLC recently said that Genesis parent DCG missed a $630 million loan payment last week. This development is the latest occurrence in the ongoing dispute between the Cameron Winklevoss-run crypto custodian and digital currency VC firm. In January, Gemini CEO Winklevoss threatened to sue his DCG counterpart Barry Silbert, and the entire company, over a $900 million loan repayment. At the time, Winklevoss’ threat came after one of…
The crypto industry will pivot increasingly toward more decentralized business models in response to the sterner regulatory oversight of centralized firms following FTX’s collapse, according to Hotbit. Decentralized businesses should in theory be able to avoid the risk of there being a single point of failure, as occurred with FTX. Source CentralizedCryptoExchangeHotbitOperationsPlatformTerminatesTrading CryptoX Portal
The ban on Micron Technology has drawn a response from US Commerce Secretary Gina Raimondo who said America will not sit back and firmly oppose restrictions that are not backed by proper facts. The chip and semiconductor industry is likely to see its next major distortion following the labeling of United States-based chipmaker Micron Technology Inc (NASDAQ: MU) as a threat to its National security infrastructure. As reported by CNBC, China’s Cyberspace Administration said Micron failed to pass its latest security review. This failure prompted the regulator to direct all…
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The broader crypto markets have been tumbling over the past month, with a more profound fall in the first week of May. As the markets fell, bitcoin (BTC) started to drop from its local top of roughly $30,000 in the last week of April. Bitcoin registered its deepest local price drop on May 12 — plunging to around $26,290 — as the global crypto market cap witnessed a $140 billion loss in just 24 hours. Moreover,…
“There’s no such thing in this country as a central bank digital currency, so they would need to create new legislation around what that would look like and that’s part of the consultation process,” Louise Abbott, partner at U.K.-based Keystone Law, told CoinDesk in an interview. George Morris, partner at Simmons & Simmons echoed Abbott’s comments. Source
Bitcoin Pizza Day has now grown to become a symbolic day for the entire cryptocurrency space and is celebrated with several events every year. Bitcoin Pizza Day has been one of the most celebrated days in the crypto community all around the globe. The highly acclaimed event in the crypto space signifies the inaugural documentation of the use of Bitcoin as a legally accepted form of payment for goods and services. Bitcoin Pizza Day was born on May 22, 2010, and commemorates the first documented real-world transaction using Bitcoin as…
VardexPay is an international company focused on simplifying finances and revolutionizing electronic payment services, providing a convenient and secure solution for users worldwide. VardexPay provides speed, security, and passive income VardexPay operates on speed, convenience, and simplicity when working with cryptocurrencies. The platform provides its users with an individualized approach, swiftly resolves their issues, and offers minimal fees for all users. VardexPay has further attempted to distinguish itself by its commitment to security. The platform incorporates encryption and two-factor authentication to safeguard users’ financial information effectively. With a PCI DSS certificate,…
Ordinals have triggered a frenzy in memecoins and NFTs on the Bitcoin network, with mining revenue riding high. The explosive popularity of memecoins and non-fungible tokens (NFTs) on the Bitcoin (BTC) network has induced a surge in mining revenue. However, how long this positive development will last remains to be seen. Memecoin market value was nearly $1 billion in early May, but according to BRC-20.io figures, it is currently down to $582 million. The emergence of meme coins and NFTs on the Bitcoin blockchain is primarily due to the surging…
The country’s regulator told CEO Leon Li to ensure the website and mobile apps are disabled. Source