Blockchain

Eurovision Song Contest 2022 Winners Release NFT for Ukraine Charity Auction

May 27th, 2022

Kalush Orchestra, the winners of the Eurovision Song Contest 2022, are auctioning off an NFT for charity. The auction started May 25 on MetaHistory — the official Ukrainian charitable NFT museum – and will last only until the 28th. Bids will be accepted in both cryptocurrency and fiat currency (via Monobank), thus creating a friendly…

The New Blockchain com Explorer

May 24th, 2022

The world of crypto just got a lot easier to navigate Today we’re introducing a brand new Blockchain.com Explorer that features the most important information on the crypto ecosystem–all in one place. Before diving into what’s new, it’s worth taking a step back and revisiting how we got here. The History of the Blockchain.com Explorer When we first…

Middle East Crypto Exchange Coinmena Enters the Qatari Market, Regulator Says No Institution Licenced

May 23rd, 2022

Coinmena, the Bahrain-based cryptocurrency exchange, recently announced that residents of Qatar can now buy and sell cryptocurrencies on its platform. The cryptocurrency exchange claimed it is the first regulated digital asset exchange to open its platform to Qatari residents. Residents Can Now Connect Bank Accounts to Their Crypto Wallets The Bahrain headquartered cryptocurrency exchange, Coinmena,…

LatAm’s Crypto Boom: Mexico

May 18th, 2022

Spanish translated version The next installment in our LatAm’s Crypto Boom series takes us to Mexico. Home to thirty-five UNESCO World Heritage Site listings, Mexico is a country rich in cultural history and diversity and shares international borders with the United States, Guatemala, and Belize. While Mexico ranks among the top 15 economies globally in size, remittance…

Chinese Authorities Prosecute Alleged Masterminds Behind MDC Pyramid Scheme

May 18th, 2022

Chinese authorities in Rong County recently said they have prosecuted eight individuals accused of being the masterminds behind the Magic Data Chain (MDC) pyramid scheme. The pyramid is thought to have handled transactions with a total value of over $147 million. Virtual Currency Pyramid Scheme Authorities in China’s Rong County, Zigong City, recently prosecuted eight…

Citi, Wells Fargo, BNY Mellon Invest in Crypto Firm Talos as Institutional Adoption of Digital Assets Accelerates

May 11th, 2022

Several major financial services firms, including Citi, Wells Fargo, and BNY Mellon, are investing in institutional digital asset technology provider Talos, which aims to remove “the barriers to wide-scale crypto adoption.” The latest funding round values the company at $1.25 billion. Citi, Wells Fargo, BNY Mellon Participate in $105M Funding Round for Digital Asset Tech…

Top Diamond Producer De Beers Deploys Blockchain-Based Platform at Scale

May 11th, 2022

De Beers, one of the leading diamond-producing companies globally, recently announced the deployment of its blockchain-based diamond source platform at scale. The platform will “enable the provision of provenance information from source to Sightholder to store on a secure blockchain.” Immutable Record of a Diamond’s Provenance One of the world’s top diamond miners, De Beers,…

BIS: 9 out of 10 Central Banks Worldwide Are Exploring Digital Currencies — Driven by Crypto Market

May 10th, 2022

Nine out of 10 central banks globally are exploring central bank digital currencies (CBDCs), according to the latest survey by the Bank of International Settlements (BIS). Furthermore, “the emergence of stablecoins and other cryptocurrencies have accelerated the work on CBDCs.” BIS Central Bank Digital Currency Survey The Bank of International Settlements (BIS) published a report…

Coinbase Warns Some Russian Users Their Accounts May Be Blocked, Report Reveals

May 9th, 2022

Leading U.S. crypto exchange Coinbase has reportedly notified certain Russian customers that their accounts may be blocked at the end of this month. According to Russian media, the trading platform has offered them to withdraw their funds unless they prove they are not under sanctions. Coinbase Reportedly Asks Russian Clients to Withdraw Funds Some Coinbase…

Lawmakers, SEC Commissioner Slam Chair Gensler for Focusing on Crypto Enforcement

May 5th, 2022

Several U.S. lawmakers and a commissioner with the U.S. Securities and Exchange Commission (SEC) have voiced concerns about the securities regulator expanding its crypto enforcement unit. “The SEC is a regulatory agency with an enforcement division, not an enforcement agency.” Lawmakers Oppose SEC’s Crypto Enforcement Focus A number of lawmakers and a commissioner with the…