Month: May 2023

India, Russia Mull Payment System Integration in Face of US Sanctions – Finance Bitcoin News

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The governments of India and Russia are considering integrating part of their payment systems, in order to counter the possible future effect of US sanctions on the capital flows of each country. The deal would include the integration of India’s Rupay card system and its Russian counterpart, Mir Cards, to allow seamless payments between the two countries. Russia and India Consider Integration of Payment Stacks Russia and India are mulling the integration of their debit payment stacks in order to prevent negative affects on their common payment flows by a…

3AC founders run into fresh trouble in Dubai over new exchange OPNX

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The co-founders of failed crypto hedge fund Three Arrow Capital, Su Zhu and Kyle Davies, have run into fresh trouble over operating and promoting their new digital-asset exchange OPNX without the required local license in Dubai. According to a report published in Bloomberg, Dubai’s Virtual Assets Regulatory Authority (VARA) sent a written notice to Zhu and Davies along with two other executives of OPNX. The digital asset regulatory body, in a statement to Bloomberg, said they are still investigating the activities of the newly found exchange and reportedly assured corrective…

Ethereum Shapella Upgrade Sets the Stage in Latest ProBit Global Trading Contest – Press release Bitcoin News

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press release PRESS RELEASE. ProBit Global has announced the native asset for the Ethereum network, ETH, as the next token for its series of trading competitions. The crypto trading contest, which allows ProBit Global users to win rewards based on their trading volume, gives traders a low-risk way to win additional assets, with a total prize pool of 5,000 USDT up for grabs in this latest edition. The ETH edition of ProBit Global’s popular trading competition comes in the wake of Ethereum’s successful completion of its Shapella upgrade, which introduced…

Ava Labs founder awarded $3M in crypto defamation suit

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Ava Labs founder and CEO Emin Gün Sirer has reportedly won a defamation suit against a crypto influencer, awarding him $3 million in damages. The lawsuit stemmed from claims made in a February 2021 YouTube video by crypto influencer Emre Aksoy linking Sirer to an Islamist group the Turkish government calls the Fethullah Terrorist Organization (FETO). Askoy told his large YouTube following that Sirer was a group member, directing them to short the Avalanche (AVAX) token. According to Sirer, the defamation cost him millions and crashed the price of AVAX…

Over 225,000 bitcoin transactions are unconfirmed as Ordinals bloat mempool

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied There are over 225,000 unconfirmed transactions in the Bitcoin memory pool (mempool), pointing to increasing demand for the network, the latest data on May 2 shows. According to mempool.space data, more than 225,000 pending transactions are pushing the mempool’s size to over 580 MB, almost twice the 300 MB limit.  At this level, the number of unconfirmed transactions is at 2017 peaks when the mempool had over 200,000 pending transactions, leading to congestion. In some cases, transactions…

ByBit joins crypto exchanges offering crypto lending services

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Cryptocurrency exchange ByBit is the latest major platform to roll out an in-house cryptocurrency lending service for users. The Dubai-based exchange announced the launch of the service on May 2, delivering interest payouts to users that deposit cryptocurrency through the platform’s new offering. The service is touted to payout hourly interest payments from lending pools, while lenders can deposit and redeem loaned cryptocurrency tokens without lock-up periods. Meanwhile, borrowers on ByBit’s exchange can take out loans to tap into funds for a variety of trading options on the platform. Borrowers…