US-based card payments giant Mastercard is forging ahead with choosing and onboarding promising blockchain startups to join its Web3-focussed Smart Path programme. In a fresh development, the company has onboarded five new startups to be part of this initiative. In the coming months, Mastercard will work with these up-and-coming firms…
Binance has been fined by Canada’s anti-money laundering agency for violating the country’s anti money laundering laws. The largest crypto exchange in the world was previously probed by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) for flouting regulations last year. The action against the firm comes shortly…
Bitget, which is a Seychelles-based crypto exchange, has decided to let Indian users purchase cryptocurrencies using fiat Rupee. The exchange has entered into a partnership with Web3 payments solutions platform Alchemy Pay to facilitate crypto purchases through the Rupee currency. The aim of this collaboration is to make crypto buying…
Bitcoin, the oldest and most expensive cryptocurrency in existence, has completed its first billion transactions this week. The asset, created in 2009, has taken fifteen years to hit one billion transactions. The crypto community is elated and flooding the social networking platforms with messages congratulating each other for BTC’s milestone…
The senior leadership at Vodafone is looking to integrate the blockchain technology with its operations. The concept of crypto wallets has also grabbed the attention of the UK-headquartered telecom giant in recent times. David Palmer, the lead of Blockchain initiatives at Vodafone spoke about some company plans during a recent…
Changpeng Zhao, the former chief executive of Binance, was sentenced on Tuesday to four months in prison after pleading guilty to violating US money-laundering laws at the world’s largest cryptocurrency exchange. The sentence was imposed by United States District Judge Richard Jones in Seattle, who rejected prosecutors’ request that the 47-year-old Zhao serve a…
Bankman-Fried faces steep odds in bid to overturn conviction stemming from the collapse of his cryptocurrency exchange. FTX founder Sam Bankman-Fried has appealed his conviction and 25-year prison sentence for stealing billions of dollars from customers of his defunct cryptocurrency exchange. Bankman-Fried was convicted in November on seven counts of…
New Zealand’s ministry of commerce and consumer affairs have warned the country leaders against keeping a slow approach on cryptocurrencies. In a recent development, minister Andrew Bayly has asked the Australian government to finalise its stance on crypto before it’s too late. This is the time that the crypto sector…
China is accelerating efforts to establish a massive blockchain network, despite its strict anti-crypto stance. The goal is to allow the government of China to engage in blockchain-related activities, especially in a cross-border setting. The Chinese government has launched the ‘Ultra-Large Scale Blockchain Infrastructure Platform for the Belt and Road…
The Binance executive was detained when he arrived in Nigeria following the crackdown on the company. An executive of cryptocurrency exchange Binance has escaped custody in Nigeria, where a criminal investigation has been launched against the platform accused of being used for money laundering, according to authorities. Nadeem Anjarwalla, the…
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