News

Brazil National Football Federation to Launch NFT
Brazil National Football Federation to Launch NFT Fan Token

Brazil’s official football organization announced it will launch its own NFT tokens. Pre-sale and trading dates are yet to be determined. Prior to the deal, Bitci has already signed partnerships with other sports organizations. Confederação Brasileira de Futebol (CBF), the official football organization of Brazil, has recently partnered with Turkish blockchain firm Bitci. The partners will enable CBF to create official NFT fan tokens for the country’s national football teams. According to Sport Business, the collaborators will still be determining the pre-sale and trading dates of the said tokens. Also, CBF plans to list the tokens on different exchanges in

1 min read
Blockchain Powers Amazon
Blockchain Powers Amazon While Telco Uses Blockchain Roaming

Amazon believes in the power that blockchain brings Telco industries use blockchain technology to power roaming services The e-commerce giant, Amazon, increases its interest in the power of blockchain technology. Interestingly, Amazon is looking for a blockchain product leader that could drive the vision of the company using blockchain technology. Indeed, this is a piece of good news that brings excitement to all the blockchain professionals around the world. Amazon job description explains: ” We are looking for an experienced product leader to drive the vision, roadmap, feature definition and go-to-market strategy of the AWS product offering across the rapidly

1 min read
Mexican Banco Azteca May Start Accepting Bitcoin
Mexican Banco Azteca May Start Accepting Bitcoin Soon

Multibillionaire Ricardo Salinas Pliego revealed that his banking business Banco Azteca may start accepting Bitcoin soon. If this happens, Banco Azteca could become the first bank in Mexico to do so. Salinas is the third richest man in Mexico and 166th in the world, according to Forbes. Ricardo Salinas Pliego, the third richest man in Mexico and 166th in the world, announced that his Banco Azteca may begin accepting Bitcoin. If this happens, Salinas’ banking business would become the first bank in the country to accept crypto. Salinas wrote the reply after the release of a video of him discussing

1 min read
Binance Services Says Goodbye to the UK
Binance Services Says Goodbye to the UK

UK bans Binance services in the country. Binance maintains its top 5 positions in the crypto market. The hunt against crypto exchanges in different countries continues. This time the UK government shuts down Binance activities in their country. As per the UK authorities, Binance holds no authorization, registration or license to conduct activities in the UK. As a result, most of the Binance activities in the UK are being banned. Indeed, this movement made by the UK authorities saddened the crypto community in the country. The U.K. Financial Conduct Authority (FCA) explained: “A significantly high number of crypto asset businesses

1 min read
Israel to Trial CBDC on Ethereum Blockchain
Israel to Trial CBDC on Ethereum Blockchain

Israel has already started testing its own CBDC. The country has chosen to use Ethereum blockchain for its smart contract function. The Bank of Israel also revealed that they began researching about CBDC since 2017. The Bank of Israel recently announced that it has begun to trial its own central bank digital currency (CBDC). Interestingly, it will be using the Ethereum blockchain, possibly due to its smart contract functionality. In fact, Israel is calling for smart contract proposals which could be implemented alongside its CBDC smart contract. Earlier, the bank asked experts regarding their thoughts on the creation of a

1 min read
Binance Bids Farewell to Ontario
Binance Bids Farewell to Ontario, Canada

Binance stops its services in Ontario Canada UK cracks down crypto exchange operations in the country The world’s biggest crypto exchange, Binance can no longer continue its service in Ontario, Canada. This movement of Binance was made after Ontario accused Bybit for failing to follow the rules of the province. According to the government of Ontario, Bybit failed to bring its operations into compliance with Ontario securities law before its deadline on April 19, 2021. The Chair and CEO at the OSC, Grant Vingoe explained further: “Unregistered crypto-asset trading platforms expose Ontario investors to significant risks, including potential loss, theft

1 min read
El Salvador BTC legal tender is optional
El Salvador BTC legal tender is optional, locals get $30 BTC

Bitcoin as legal tender in El Salvador is optional Businesses in El Salvador can accept Bitcoin but not receive them El Salvador gives $30 Bitcoin to its citizens El Salvador president Nayib Bukele stated on the last national chain that Bitcoin as a legal tender is optional. Specifically, Bukele pointed out that businesses in their country can decide if they will accept Bitcoin or not. This statement by the president of El Salvador contradicts the current law of Bitcoin as a legal tender in the country. Bukele further explained: “ Using Bitcoin as legal tender “will be optional” and businesses

2 mins read
Andreessen Horowitz
Andreessen Horowitz Hires Ex-SEC Finance Director for $2.2B Crypto Fund

Andreessen Horowitz launched $2.2 billion crypto fund and hired former SEC Finance Director Bill Hinman. The firm is notable for its early investments in highly successful companies such as Facebook. Hinman is popular for stating that Bitcoin and Ethereum are not securities. Prominent crypto valley investment firm Andreessen Horowitz announced the launching of Crypto Fund III, which will enable it to continue investing in promising crypto startups. The fund is worth a whopping $2.2 billion, and will represent “the beginning of an exciting new chapter”. The announcement read, “We believe that the next wave of computing innovation will be driven

2 mins read
Crypto Mining Ban Tightens in Iran
Crypto Mining Ban Tightens in Iran as BTC Price Suffers

Iran continues the cracking down of crypto mining facilities The Iranian authorities have seized a total of 7000 mining computers The hunt for crypto mining farms continues. Aside from China, other countries like Iran are also cracking down crypto mining facilities. As a result, the Iranian police have seized 7000 mining computers in the west capital of the country. This movement has been made to prevent the power shortage in Iran in the peak summer months. Furthermore, the ban will last until September 22. However, this movement by the authorities gathered mixed opinions in the country. There are people who

2 mins read
What Next for Chinese Bitcoin Miners
After Government Crackdown, What Next for Chinese Bitcoin Miners?

Chinese Bitcoin miners are either shutting down or relocating amid government crackdown. Those that did not exit the market are selling bitcoins to move to crypto mining-friendly places like Texas and Kazakhstan. Publicly-traded Chinese Bitcoin mining firm BIT Mining has shipped 320 machines to Kazakhstan to restart its operations. The Chinese government has ordered the closing of Bitcoin mining activities within the country. This has affected the Bitcoin community at large, especially because more than half of the network’s hashing power comes from Chinese miners. Now that these Chinese miners cannot mine bitcoins in the country any longer, what will

2 mins read
Has Elon Musk Abandoned Dogecoin
Has Elon Musk Abandoned Dogecoin Amid Bear Market?

Dogecoin has recently seen the biggest 24-hour loss in the top 10 cryptocurrencies on CoinGecko. Tesla CEO Elon Musk, who is a staunch supporter of the coin, has yet to give it a boost. Neel Kashkari called Dogecoin “pon-zi”, while Dogecoin-funded race car performed poorly during a NASCAR race. Meme coin Dogecoin continues to join the rest of the crypto market in a ruthless bloodbath. In the last 24 hours, the coin has had the most losses in the top 10 cryptocurrencies on CoinGecko. This is despite the fact that it was Bitcoin that was supposed to be struggling the

2 mins read
BTC Price Plunges as China Slays Crypto Mining
BTC Price Plunges as China Slays Crypto Mining and Trading

Bitcoin price drops as China continues its crypto ban campaign MicroStrategy bought an additional 13,005 BTC Bitcoin price plunges drastically as China continues its campaign against cryptocurrencies. This movement of China has been made to control the financial risk in the country. Furthermore, the People’s Bank of China (PBOC) has reached out to some payment firms to strengthen their regulations against crypto trading. The China Construction Bank and Alipay are some of the major payment firms that the PBOC has invited. This initiative made by the PBOC aims to stop criminals from abusing cryptocurrencies in their transactions. PBOC explained further:

1 min read