News

PayPal, the cryptocurrency-friendly payments platform, has announced temporary changes to its services in the United Kingdom due to regulatory compliance requirements. Starting October 1, 2023, PayPal’s U.K. customers will be unable to purchase cryptocurrencies like Bitcoin on the platform. This move is in response to new financial regulations enacted by the U.K. Financial Conduct Authority

Europe’s financial landscape witnessed a groundbreaking event with the launch of the Jacobi FT Wilshire Bitcoin ETF on the Euronext Amsterdam stock exchange. Announced by London-based digital asset management firm Jacobi Asset Management, the launch took place on August 15, 2023, marking a significant milestone in the region’s cryptocurrency investment landscape. The Jacobi FT Wilshire

Binance Connect, the regulated fiat-to-crypto arm of leading exchange Binance, is set to halt its operations on August 16 in response to evolving market dynamics, as confirmed via a statement from a Binance spokesperson. This development was also echoed in an announcement by BNB Chain-based decentralized exchange Biswap, which attributed the decision to the closure

Kraken Ventures, an experienced player in early-stage investments, is gearing up to launch its second fund with a targeted goal of raising $100 million. Building upon its extensive experience with hundreds of early-stage investments, the firm’s latest fund will be dedicated to supporting burgeoning entrepreneurs from their initial capital stages through potential IPOs. Notably, Kraken

The Reserve Bank of Zimbabwe (RBZ) is on the cusp of introducing its gold-backed digital token (GBDT) for retail use, following the token’s successful reception among investors. The RBZ’s plan to leverage digital gold tokens as a financial instrument comes as a welcome development in a country grappling with triple-digit inflation. The GBDT initiative was

Brazil’s legislative body is making strides towards implementing higher taxes on cryptocurrencies held overseas, marking a significant step in reshaping the taxation landscape for digital assets. Reports indicate that a congressional committee has given its approval to proposed amendments that categorize cryptocurrencies as “financial assets” for tax purposes concerning foreign investments. Under the proposed legislation,

Curve Finance, a prominent player in the decentralized finance (DeFi) realm, has taken a proactive stance in addressing the fallout from a recent hack that led to losses totaling $62 million. The platform has made an official commitment to reimburse affected users, signaling its dedication to mitigating the impact of the breach. In a notable

Bitdeer Technologies, a prominent Bitcoin miner and a spun-off from Bitmain, a leading Bitcoin ASIC manufacturer, faced a widened net loss in the second quarter of 2023, reaching $40.4 million—a notable contrast from the $15.6 million net loss recorded in Q2 2022. The company reported in its August 11 earnings report that the increased losses

The iconic Spanish football club FC Barcelona has embarked on an ambitious journey into the world of blockchain and non-fungible tokens (NFTs), securing a substantial investment of 120 million euros (approximately $132 million). This milestone initiative, known as Barça Vision, marks the culmination of FC Barcelona’s ongoing pursuit of digital innovation within the Web3 landscape.

In the rapidly evolving world of blockchain and decentralized systems, several platforms are carving a niche by seamlessly integrating conventional industries with cutting-edge digital innovations. One such intersection is seen in the sports and gaming sector, where traditional fan engagement is being revolutionized. This transformation sets the stage for specialized ecosystems like Veloce’s Vextverse, which