The governor of the Bank of Central African States (Banque des États de l’Afrique Centrale, BEAC) has issued a scathing letter to the Central African Republic (CAR) regarding the country’s adoption of cryptocurrencies. In a letteraddressed to the CAR Finance Minister Hervé Ndoba, the Governor of the BEAC Abbas Mahamat Tolli describes the “substantial negative impact” that the CAR adopting crypto […]

The CEO and co-founder of crypto mining and investment platform Mining Capital Coin (MCC) Luiz Capuci Jr. has been indicted by the Department of Justice (DOJ) for “allegedly orchestrating a $62 million global investment fraud scheme.” The DOJ is charging Capuci with conspiracy to commit wire fraud, conspiracy to commit securities fraud, and conspiracy to commit international money laundering in […]

ADA, the native coin for the Cardano network is on the cusp of closing its fifth week in a row on a bearish note, annihilating gains made in the last half of March. As of writing, ADA is down over 75% from its all-time high to trade at $0.75, with the daily RSI plunging into the oversold territory. The last […]

Justin Sun May Have a ‘Secret Plan’ for UST The purchase of UST by Justin Sun comes in the backdrop of an earlier Tweet where he announced he was buying the stablecoin. Terra’s Do Kwon responded to the Tweet, asking Mr. Sun what he was up to. Justin Sun responded, ‘I may have a secret plan.’ At the time of […]

After a couple years riddled with tension brought about by the COVID-19 pandemic, the world’s reaction to it, and the struggles of the global economy to get back on track, people are starting to remember what it feels like to be normal again. The need to find strong investments for your financial well-being and the desire to have a place […]

On Friday (May 6), Vacuumlabs, the Slovakian FinTech startup behind Cardano-powered DEX WingRiders, explained why its direct hardware wallet support means that it is able to offer safer trading than most other DEXes on Cardano. What is WingRiders? WingRiders is being developed by Vacuumlabs, which is “a software development company that builds modern full stack fintech solutions for startups, scale-ups and […]

Argentina’s central bank, the BCRA, has prohibited all financial institutions from offering Bitcoin or other cryptocurrency services to clients. According to a Thursday announcement, the bank noted that the measure was taken in a bid to mitigate the risks associated with cryptocurrencies. It particularly stated that different actors involved in operations with these assets were not established in the country, […]

Cryptocurrency markets experienced a significant crash last week when the Fed announced increased interest rates, sending the stock and crypto markets into free fall. This weekend, Bitcoin and other major cryptocurrencies like Ethereum, XRP, Solana, and Avalanche manage to hold support relatively well, most likely because the stock market doesn’t trade on the weekends. For some odd reason, cryptocurrency markets […]