Chinese law enforcement agents have arrested approximately 1,100 individuals on charges of using crypto to launder money. The move is clearly a reminder that China is avidly working towards a society where crypto holds a limited or non-existent presence. China Is Working Against a Crypto Society In the process of arresting everyone, China has also stated that it has eliminated […]

GoldConnect, a Latin American telecommunications wholesaler, announced Tuesday that it will allow customers to pay with cryptocurrencies through payment processor BitPay, marking another important milestone in the region’s embrace of Bitcoin (BTC). Crypto payments can be made directly through LatamConnect, a platform that connects directly with BitPay. Crypto payments made through BitPay are settled in local fiat currency. GoldConnect said […]

It is crucial for DeFi projects to continually bring value to investors and expand the appeal of their solutions. TeraBlock, the machine-learning-driven automated portfolio management tool, has become part of UniFarm’s 12th Cohort. TBC token hodlers can use their token for farming four other compelling DeFi assets and achieving a relatively high APY. Bringing Value To TeraBlock’s Token Holders Since […]

The Russian Foreign Minister Sergei Lavrov talked about the future importance of cryptocurrencies as an international settlements layer at the Primakov Readings Forum. Lavrov referred to these assets as having a “significant role” in the future. Russia has been striving to de-dollarize some of its activities, and this statement might offer a glimpse into future plans. Russian Foreign Minister Says […]

A new survey of 100 chief financial officers at hedge funds worldwide has indicated that the sector is planning a significant increase in its exposure to crypto assets in the near term. The survey, conducted by Intertrust, suggests that if the respondents’ forecasts were broadly mirrored across the sector, assets in crypto held by global hedge funds could hit $312 […]

Recently, Ken Seiff, Managing Partner at crypto-focused venture capital firm Blockchange Ventures, shared his firm’s reasons for “being excited” by the Polkadot project. Below are some highlights from Seiff’s comments about Polkadot in an essay (titled: “Polkadot Analysis: June 2021”) that he published on June 9: “It enables interoperability among blockchains by providing a common frame of reference across all […]

Cryptocurrency assets are making a comeback after a drop of nearly $1 trillion in market cap during the last 4 weeks. According to the latest digital asset fund flows report published by CoinShares, cryptocurrency investment products saw a sharp drop in weekly outflows. Last week, approximately $21 million worth of investment left crypto products, a number which is 77% lower […]

Broctagon Fintech Group, a multi-asset liquidity and brokerage technology provider, announced that it has appointed Michael Lee, an industry veteran with nearly 20 years of experience in the futures markets, as its new Head of FX Sales. In an official announcement shared exclusively with Finance Magnates, Broctagon mentioned that the company is planning to expand its presence in the APAC […]

Recently, Vitalik Buterin, the author of the Ethereum white paper, talked about Cardano during a conversation with MIT AI Researcher Lex Fridman. The Russian-Canadian programmer’s comments about Cardano were made during episode #188 of the “Lex Fridman Podcast“. Buterin acknowledged that there were “interesting ideas” coming out of work being done on rival smart contract platform Cardano by IOHK (which is headed by […]