Cryptocurrency Analysis and News Portal
This week, PicPay, a Brazil-based digital payments app with more than 30 million users, announced it plans to launch a crypto exchange and a Brazilian real-tied stablecoin later in 2022. In May, Nubank, the largest Brazilian digital bank by market value, added the option for customers to buy and sell
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In a fresh episode of the longstanding battle between the Central Bank of Russia (CBR) and the country's Ministry of Finance, representatives of the former have criticized the latter’s idea of supporting the stablecoins, which some private investors have sought to launch in the country. According to local media, an unnamed representative
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The Information Commissioner’s Office (ICO) has today called for a government review into the systemic risks and areas for improvement around the use of private correspondence channels – including private email, WhatsApp and other similar messaging apps. The ICO
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Officials could this week finalize controversial privacy and licensing rules for the sector – once they decide how to treat NFTs and unhosted wallets. Original Source
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sponsored Foresight Ventures launches 200m Foresight Secondary Fund I to invest in private round crypto assets that are looking to access liquidity during current volatile market conditions. The fund is launched with Bitget Exchange as the largest single LP. Current market conditions have not diminished our long-term outlook on the
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The core principles of cryptocurrency were based on financial independence, decentralization and anonymity. With regulations being the key to mass adoption, however, the privacy aspect of the crypto market seems to be in jeopardy.In 2022, even though no particular country has come up with a universal regulatory outline that governs
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A proposed addition to an existing Brazilian law would grant Brazilians the right to use cryptocurrency as a means of payment while protecting their private keys from being taken by the courts.Federal Deputy Paulo Martins issued the proposal to the country’s legislature on June 10. If passed, the bill would
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In less than a month after the deployment of the new blockchain, LUNA 2.0, the token’s price has declined by over 77%. Early this year, the Terra blockchain was hailed to be the future of cryptocurrencies, as it seemed to promise several developmental advances. Then the protocol encountered a great
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ADDX, a blockchain and smart contract-based digital securities platform from Singapore raised $58 million from mainstream financial institutions to fund its goal of reducing minimum private investment sizes via tokenization and fractionalization.The Monetary Authority of Singapore regulates ADDX as a digital securities exchange that aims to democratize private markets. The
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The crypto trading platform said it expects to have liquidity of over $225M after the offering is completed. Source
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