A council formed by traditional finance conglomerates American Express, Discover, Visa and Mastercard welcomes a decentralized finance (DeFi) banking firm to a forum of participating organizations that help toimprove payment data security worldwide. Scallop, a regulated DeFi banking app recently announced its entry to the PCI Security Standards Council (PCI SSC), a global community with a goal to improve payment […]

U.S. authorities are unable to locate the founder and chief architect of a $2.4 billion digital currency Ponzi scheme just days after his indictment. According to the U.S. securities watchdog, Satish Kumbhani has vanished from his homeland in India. In a filing with the Southern District of New York, the U.S. Securities and Exchange Commission (SEC) noted that it didn’t […]

Israeli authorities have reportedly cracked down on a digital currency web that has been used to fund Hamas terror group. According to the country’s Defense Ministry, the seizure has dealt a big blow to the group which has turned to digital assets as Israeli authorities continue to crack down on the group’s funding channels. Defense Minister Beni Gantz signed the […]

Decentralized exchange (DEX) aggregator KyberSwap has launched on the layer-two Ethereum scaling solution Arbitrum network. The move puts Kyberswap on its seventh network or scaling solution along with Ethereum (ETH), Polygon (MATIC), Fantom (FTM), BSC (BNB), Avalanche (AVAX), and Cronos (CRONOS). KyberSwap joins SwaprEth, Balancer Labs, Curve Finance, and SushiSwap as the DEXes available on Arbitrum as of the time […]

Key Takeaways Bloomberg Intelligence analysts note that algorithmic stablecoins could be game-changing for crypto to be permissionless. Algorithmic stablecoins have been growing more rapidly than collateralized stablecoins. BI remains bullish on the stablecoin crypto sub-sector. Centralized stablecoins like Tether (USDT) and USD Coin (USDC) have been the cause for some concerns in the crypto market. However, that may be changing […]

G7 countries and the European Union are examining ways to stop the use of cryptocurrency by Russia to evade sanctions. “We should take measures to prevent listed persons and institutions from switching to unregulated crypto assets,” said Germany’s minister of finance. G7 and EU Seek to Prevent Crypto Use to Evade Sanctions The Group of Seven (G7) nations are reportedly […]

LBank Exchange, a world-class digital asset trading platform that offers users a safe crypto trading experience, alongside specialized financial derivatives, and professional asset management service has announced that it will be listing Apollo Inu (APOLLO) in a few days. According to the announcement, the official launch of APOLLO on LBank will commence on March 9 at exactly 21:00 (UTC+8). As […]

Chingari – a short video application based in India – has unveiled its new cryptocurrency GARI, which is slated to begin trading on the India-based cryptocurrency exchange Coin DCX. Chingari in India Will Have Its Own Crypto The move comes at a rather strange – and potentially inopportune – time given that India is still very much up in the […]