Ireland’s crypto businesses have become subject to regulatory oversight for the first time, with local digital asset firms now observing anti-money laundering guidelines set out by the European Union, or EU. The EU’s Fifth Anti-Money Laundering Directive, or 5AMLD, was transposed into Irish Law on April 23, via the Criminal Justice Money Laundering and Terrorist Financing Amendment Act of 2021. […]

Terra (LUNA) has been moving sideways during the past day but record impressive gains in the weekly chart with a 30.1% profit, at the time of writing. On the 1-year chart, the token has 8,794% in profits. The project has seen several partnerships. However, its core strength seems to be its tokenomics. Researcher and investor Flood Capital have compared Terra’s […]

Tesla Motors sold a portion of its Bitcoin (BTC) holdings in the first quarter of 2021, generating net proceeds of $272 million, the electric vehicle maker reported Monday. In a 30-page slide deck accompanying its quarterly financial results, Tesla noted a $101 million “positive impact” as a result of its Bitcoin sale: “Year over year, positive impacts from volume growth, […]

Sebastian Siemiatkowski – the CEO and co-founder of Swedish fintech company Klarna – is worried that people do not have enough education before jumping into the world of bitcoin investing. Sebastian Siemiatkowski: Education Is Key Investing can be fun and prosperous. It can also lead into a downtrend of sorts granted one does not know what they are doing before […]

Gambling is all about being innovative and having interesting content offerings, but let’s face it, innovation in the gambling industry has slowed down in the last couple of years—something that blockchain technology can help with. In the premiere episode of Hashing It Out with Becky Liggero, Calvin Ayre, founder of Ayre Group and CoinGeek, talks about the closure of CalvinAyre.com […]

The demand for cryptocurrency exceeded PayPal’s initial expectations after the firm launched crypto trading in late 2020, according to the company’s CEO. “Demand on the crypto side has been multiple-fold to what we initially expected. There’s a lot of excitement,” PayPal president and CEO Dan Schulman said in a Sunday interview with Time magazine. Schulman said that existing financial infrastructure […]

South Korean cryptocurrency exchange, Daybit is shutting its local operations, citing the harsh requirements of the anti-money laundering laws, The Korea Herald reported on Sunday. The exchange, which is operated by Chain Partners, is planning to terminate its entire operations by June 1. Looking Forward to Meeting You at iFX EXPO Dubai May 2021 – Making It Happen! “The operation of Daybit […]

The coronavirus pandemic has boosted the virtual entertainment industry and provided an opening for blockchain-based ventures to tie leisure to the expanding market for nonfungible tokens, or NFTs.   On April 26, community-owned metaverse casino Decentral Games and veteran Ibiza club Amnesia announced their new partnership and launch of two virtual Amnesia dancefloors, dubbed “Amnesia Experience” and “Amnesia Hype.”  The […]

It is time for many industries to optimize, old processes are becoming more inefficient by the day as new technologies are launched. In many instances, blockchain will be the technology that disrupts industries. The power of a global, public ledger with transaction fees that are a fraction of a penny can introduce cost-savings, and as a result, an increase in […]