Two domestic e-wallets, MoMo and ZaloPay, are leading the market in Vietnam, surpassing other payment applications by a significant margin.
Hotbit Ceases Operations as Centralized Exchanges Struggle to Adapt in a Changing Crypto Landscape
Hotbit, a Shanghai-based cryptocurrency exchange, has recently made a surprising announcement that it will be ceasing all operations starting May 22. The decision comes as the platform believes that centralized exchanges are “becoming increasingly cumbersome” and are unlikely to meet long-term trends in the crypto industry.
Paxos to Halt Binance USD Minting at NYDFS’s Request Amid Regulatory Uncertainty
Paxos, a stablecoin issuer, has announced that it will stop producing new Binance USD (BUSD) tokens following the request of the New York Department of Financial Services (NYDFS).
Polygon claims a “Breakout Year” and predicts major trends for 2023
Polygon has published a report summarizing its achievements in and presenting expectations as well as projections for 2023.
Cryptocurrency has been approved to be a legal payment method in Brazil
At the end of November, Brazilian lawmakers approved a law to make crypto become a legal payment method in the country.
Nike has unveiled “.Swoosh”, a new web3 platform to sell NFT-based products and virtual clothing
In a press release published on November 14, Nike introduced “.Swoosh”, a new web3 platform powered by the polygon network. According to the luxury sportwear brand he new platform is a destination for virtual assets and Polygon-based non-fungible tokens.
The crypto lender Genesis Global Capital is in danger of going bankrupt. The crypto market is waiting in fear for another dump.
A report from Bloomberg on November 22 states that Genesis has $2.8 billion in unpaid debts on its balance sheet, with over 30% of those loans going to “related parties” such as its parent business Digital Currency Group and its affiliate and lending unit, Genesis Global Trading.
The Bahamian government is rumored to have connections with the FTX hacker’s dump of 50,000 ETH in exchange for BTC
The domino effects do not seem to end with the FTX exchange crisis as this exchange shows evidence of hacker attacks which drained large amounts of ETH in exchange for BTC.
Google Wallet is now available for use in Vietnam
Google Wallet is now available for use on Android mobile phones in Vietnam as of November 15. On November 15, , Visa officially introduced Google…
An overview of the FTX crisis. The price of cryptocurrencies plummeted
FTX’s fall is causing a big shake in the crypto market pushing the price of BTC down to below $16k/BTC, a new 2-year low. The…
