If success has many fathers, then a crypto exchange in the eye of a money-laundering storm has become an orphan. After Indian law enforcement froze $8 million in WazirX assets, Binance Chief Executive Officer Changpeng Zhao denied owning the country’s largest crypto exchange. Binance’s November 2019 blog post, which had announced the takeover, now comes…
San Francisco-based blockchain payments company Ripple Labs Inc, which is embroiled in a high-profile battle with the U.S. securities regulator, is interested in potentially purchasing assets of bankrupt crypto lender Celsius Network, according to a company spokesperson. “We are interested in learning about Celsius and its assets, and whether any could be relevant to our…
Virtual credit cards are one of the emerging trends that are shaping the credit card industry. With the uprising domination of contactless payments, virtual credit cards usher their advantages to sustain the growth of this hegemony. Is there any worthiness at the back of this hype? Let’s find out. What is a Virtual Credit…
With the stock markets showing increased volatility and uncertainty, some investors are turning to different kinds of assets as they look for new opportunities. Alternative investment classes are often used during bear markets to keep money out of volatile markets without losing ground to inflation. They include assets like commodities, real estate, and other investments…
Tornado Cash’s token TORN fell sharply on Tuesday after the US Treasury Department imposed sanctions on the cryptocurrency mixer. TORN was down 24% during Asian hours to $22, according to CoinGecko data. The token has lost 95% of its value since its all-time high in February 2021. By contrast, larger cryptocurrencies Bitcoin and Ether posted…
After the US Treasury Department said it had barred American companies and individuals from using a so-called crypto mixer known as Tornado Cash, fans of the service rallied in support of the founders of the popular protocol. Tornado Cash allowed users to obfuscate their crypto transactions; the Treasury alleged that North Korean hackers and other…
The world’s largest crypto exchange Binance, that disowned the Nischal Shetty-run crypto platform WazirX, on Monday said that it is removing the off-chain fund transfer channel between WazirX and Binance. The crypto platform will cease to support off-chain fund transfers between WazirX Exchange and Binance via the “Login with Binance” option, Patrick Hillmann, Chief Communications…
As a small business owner, you know that access to capital is key to your success. You may have heard of all the different types of loans available, but it can be challenging to figure out which one is right for you. This blog post will discuss the fiver most common types of loans available…
Enneric Chabot, 26, didn’t start gambling until he saw his favourite gamers doing it online. Three years ago, Chabot began regularly watching Felix “xQc” Lengyel, a former professional Overwatch player, as he competed in various video games on Amazon.com’s livestreaming site Twitch for audiences of up to 25,000 viewers. In 2021, during some of his…
At least nine cryptocurrency exchanges are under the Enforcement Directorate (ED) scanner for allegedly assisting China-backed fintech firms in salting away their profits abroad.
