Bitcoin Logo Day: Today marks Bitcoin logo day, commemorating the groundbreaking changes Satoshi Nakamoto brought to the world through creating crypto. What is Bitcoin and Crypto: Bitcoin is the first decentralized digital currency that can be used to purchase goods and services online or to send money to anyone, anywhere in the world. Cryptocurrencies are alike to bitcoin and use a technology called blockchain. Major Events Since 2009: Since its launch on Jan. 3, 2009, bitcoin has had a volatile history with its value skyrocketing in 2017 before crashing in early 2018. However, since then,… Read Article →
Monthly Archives: February 2023
Binance has released a policy paper proposing guidelines for centralized exchanges (CEXs) to foster industry transparency, trust, and safety. The policy paper outlines several measures CEXs could take to promote transparency and bolster safety and customer trust. Binance has urged exchanges to prevent the unauthorized use of customer assets, make it possible for customers to verify the safety of their crypto assets under custody, imbibe proper risk management and more. Binance’s Transparency Framework Binance has released a policy paper proposing a detailed, actionable framework of guidelines that centralized exchanges (CEXs) could follow to foster industry… Read Article →
China launched a state-supported blockchain research center in Beijing with the goal of promoting the integration of technology into daily life. The Chinese government is prioritizing the development of a central bank digital currency and millions of dollars in e-CNY have been distributed nationwide to boost its adoption. Justin Sun recently announced that China is taking significant steps to regulate cryptocurrencies through taxes levied on digital asset transactions. Launch of National Blockchain Technology Innovation Center China has launched a state-supported blockchain research center in Beijing with the goal of promoting the integration of technology into… Read Article →
Binance discontinues wallet support for WazirX: Binance has stopped its wallet services for WazirX following a disagreement over ownership of the Indian exchange. A deadline has been given for Zanmai Labs to withdraw funds used for WazirX’s operation. Alleged violations of foreign exchange regulations by WazirX: Indian authorities have started looking into the operations of the exchange due to alleged violations of foreign exchange regulations. Proof of reserves revealed: A proof of reserves report shows that 90% of user assets are stored in Binance wallets, with only $26.45 million held by other exchanges. Binance Discontinues… Read Article →
Unbanked has partnered with Mastercard to bring its crypto payments debit card to Europe. The collaboration will enable the issuance of enhanced security, simplicity, and consumer protection-based cards. Unbanked has already collaborated with the Litecoin Foundation to issue the Litecoin Card in the United States. Partnership between Unbanked and Mastercard Unbanked has inked a partnership deal with global payments giant, Mastercard, to extend the reach of its crypto payments debit card across Europe. The team says the alliance will enable the issuance of crypto cards that offer enhanced security, simplicity, and consumer protection. Unbanked joins… Read Article →