Panama’s path to crypto adoption is stepping up a gear. Towerbank, a Panamanian financial institution with over 200 employees and 40 years of banking experience, has declared itself Bitcoin friendly (BTC), paving the way for crypto accounts. In a series of tweets and leaks from a blockchain meetup in Panama’s capital, Panama City the bank
Month: May 2022
The Ropsten testnet on the Ethereum network is ready to set the stage for the “first dress rehearsal” of the Merge to adopt the Proof-of-Stake (PoS) consensus mechanism. Core Ethereum developer Tim Beiko announced on May 31 that a new Beacon Chain for Ropsten has been launched. It will serve as the precursor for the
The China state-owned media outlet the Economic Daily has signaled that the Chinese government may introduce even tighter regulations on cryptocurrencies and stablecoins due to the collapse of the Terra ecosystem. In an article published May 31, the outlet detailed the collapse of TerraUSD (UST) and Luna (LUNA) explaining the workings of the algorithmic stablecoin.
Pseudonymous Shiba Inu (SHIB) founder ‘Ryoshi’ has walked away from the community after deleting all of their Tweets and blog posts this week. Much like Bitcoin (BTC) founder Satoshi Nakamoto, Ryoshi’s identity has remained unknown since the project launched in August 2020. Additionally, they have also held a hands-off approach to the memecoin much like
Jio has launched the all-new Jio Game Controller in India. It is a wireless gaming controller that is equipped with a long-lasting rechargeable battery. It sports a classic and lightweight design with a familiar button layout. It houses two vibration motors and two pressure-point triggers for an immersive gaming experience. This controller is said to
Capital markets regulator SEBI on Monday changed the cybersecurity and the cyber resilience framework of KYC Registration Agencies (KRAs) and mandated them to conduct a comprehensive cyber audit at least twice in a financial year. Along with the cyber audit report, all KRAs have been instructed to submit a statement from the MD and CEO
In this article UST.CM= LUNA.CM= Cryptocurrency markets have seen a steep sell-off after the collapse of controversial blockchain project Terra. Dan Kitwood | Getty Images A new version of the collapsed luna cryptocurrency is already live on major exchanges — and it’s gotten off to a bad start. Last week, supporters of the Terra blockchain
Apple iPhone 14 Pro models will come with the A16 Bionic chip that will be based on TSMC’s existing 5nm process technology, an analyst has predicted based on the roadmap released by the Taiwanese chipmaker. The fab process of the A16 Bionic chip is believed to be the same that is used for manufacturing the
Mi Smart Band 7 Pro is said to be in works and it is expected to launch alongside the Xiaomi 12 Ultra in July, according to a tipster. While the details of the pro version of the band are not known, it could be an enhanced version of the Mi Smart Band 7 and Mi
WhatsApp is found to be working on a status reply indicator that users will see when they receive replies to their status updates. The feature is said to be currently under development and not yet available even to beta testers, though it is likely to be available to users on Android and iOS as well
An “aggressive” advanced persistent threat (APT) group known as SideWinder has been linked to over 1,000 new attacks since April 2020. “Some of the main characteristics of this threat actor that make it stand out among the others, are the sheer number, high frequency and persistence of their attacks and the large collection of encrypted
Bear markets are typically marked by a capitulation event where discouraged investors finally abandon their positions and asset prices either consolidate as inflows to the sector taper off or a bottoming process begins. According to a recent report from Glassnode, Bitcoin hodlers are now “the only ones left” and they appear to be “doubling down
Ethereum’s native token Ether (ETH) rose by more than 5% to reach its intraday high above $1,930 on May 30. Nonetheless, the ETH/USD pair risks facing another sell-off round due to concerns about a massive ETH inflow into an exchange. 58.7K Ether transferred to FTX in May On May 30, the Ether address allegedly associated
One of the world’s biggest cryptocurrency exchanges, Binance, strengthened its European presence by obtaining registration and regulatory approval in Italy. A Binance company had previously registered to operate in France at the beginning of May. On Friday, the exchange’s official blog reported that Binance Italy has received regulatory approval in the country through registration as
The CEO of Bank of America says that his bank has hundreds of blockchain patents but regulations will not allow it to engage in crypto. “The reality is that we can’t do it by regulation,” he said. Bank of America’s CEO on Crypto Bank of America (BOA) CEO Brian Moynihan talked about cryptocurrency in an
After creating the dubious record of nine successive red weekly closes, Bitcoin (BTC) is attempting to make amends by starting a price recovery to end the losing streak. Analysts have repeatedly said that investors should not fear a bear market because it is one of the best times to invest in fundamentally strong projects in preparation
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