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Two Months After FTX Meltdown, US Financial Watchdogs Issue Joint Warning On Cryptocurrency Risks

Just two months after FTX, which was the world's third-largest cryptocurrency exchange platform by volume, filed for bankruptcy, the US financial regulators have issued a joint warning to banking organisation over the risks of crypto assets.

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South Korea: Foreign Exchanges Limit Transactions Following Strict Crypto Regulations

Regulators around the world are cautious about the rise of cryptocurrencies. South Korean authorities are not an exception. The Governor of Bank of Korea, Lee Ju-Yeol, stated that Bitcoin "has no intrinsic value." He also said that he did not understand why its value is so high. Taking a Step…

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ETMarkets launches Crypto Corner, an all new section on cryptocurrency

With ETMarkets Crypto Corner, we go multi-format to ensure your crypto journey becomes an immersive experience. So, you will not just read, but also watch and listen to all-things-Crypto at this new corner.

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Stellar (XLM) Blockchain Network to Enable Thailand-Europe Cross-Border Payments

Stellar (XLM) blockchain-powered cross-border remittance corridor goes live to enable Thailand-Europe payments. Enabling Cross-Border Payments via Stellar Blockchain According to a recent press release, Velo Labs, TEMPO Payments, and Bitazza Thailand have jointly opened up a remittance corridor between 27 countries in Thailand and the EU region. Notably, the aforementioned…

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SkyBridge Capital Purchases Credits to Offset Its Bitcoin (BTC) Holdings Carbon Footprint

The push toward making bitcoin (BTC) greener continues to grow stronger. SkyBridge Partners with MOSS Earth In a press release issued on August 2, global multi-asset class investment firm SkyBridge Capital announced it had joined forces with climate tech company MOSS Earth to purchase and immediately retire tokens representing about…

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Crypto Mining and Renewable Energy: Current Scenario and Emerging Trends

The economic potential for cryptocurrency can be huge. Millions of people who don't have access to banking can have digital wallets, be prevented from fraud, and cut out the third-party transaction fees. These are just a few of the transformative potential of cryptos. There are many more. Despite all these…

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SushiSwap (SUSHI) Announces Arbitrum Deployment

The SushiSwap (SUSHI) team has revealed via Twitter on May 30, 2021, that the decentralized exchange (DEX) has successfully deployed Arbitrum and it’s now putting finishing touches to its user interface and other areas. SushiSwap Adds Support for Arbitrum In an exciting development for users of the SushiSwap (SUSHI) decentralized…

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Montana Set to Be the Next Green Energy-Powered Bitcoin Mining Hub

As various sectors of the global economy keep making serious efforts to reduce their carbon footprints, Montana-based Madison River Equity LLC is putting preparations in top gear to install a 1,600-acre, 300-megawatt solar facility that could transform the city into a global bitcoin (BTC) mining hub, and provide thousands of…

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Netherlands: Staff at Biggest Domino's Pizza Can Opt to Be Paid in Bitcoin (BTC)

Reading Time: 2 minutes
by
Aisshwarya Tiwari
on
May 23, 2021 Bitcoin
A franchisee of Domino’s Pizza in the Netherlands has offered to pay its employees in bitcoin (BTC) from Bitcoin Pizza Day.
Domino’s Pizza in the Netherlands Offers to Pay in BTC
In what comes as a rather well-timed development, a Domino’s Pizza franchisee in the Netherlands is offering to pay its employees in bitcoin. Notably, staff taking up the offer will have the freedom to choose how much of their salary above the minimum wage – which is supposed to be paid in euros by law – they want to receive in BTC.

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Switzerland: Regulated Crypto Bank Now offers Yields on Its Stablecoin

Reading Time: 2 minutes
by
Dalmas Ngetich
on
March 17, 2021 Regulation
Sygnum–a digital asset bank with operational licenses in Switzerland and Singapore, is offering a 0.75 percent annual yield on its stablecoin, the Digital CHF (DCHF), a press release on Mar 16 reveals.
The bank is launching a 3-month Digital CHF (DCHF) fixed-term deposit product in a Swiss negative interest rate environment.
Sygnum is Trailblazing
To earn positive yields, CHF holders must convert their fiat to DCHF through Sygnum’s integrated account. Here, owners can buy DCHF, BTC, ETH, and a range of other digital currencies using CHF, USD, SGD, and the Euro.

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