Amid Criticisms, Binance’s Changpeng Zhao Praises Biden’s New Crypto Framework

Binance’s CEO, Changpeng Zhao popularly known as CZ has declared his support to the president of the United States for bringing out a new framework that will guide the activities of using cryptocurrencies in the country in spite of a backlash from other stakeholders.   In a Twitter thread, Zhang made salient points as reasons … Read more

Michael Saylor Supports Bitcoin as a Valuable Asset in the Digital Space

Michael Saylor the CEO of MicroStrategy Inc. stated that Bitcoin (BTC) is a better tool for trade compared to the use of other physical instruments. He highlighted the challenges that come with physical commodities like gold, stocks, and real estate properties.    According to reports from the Australian Crypto Convention. Saylor highlighted the negative experiences … Read more

Digital Asset Gateway Fasset Launches Peer-to-peer Trading Platform in Pakistan

Digital asset-based fintech startup Fasset Technologies has launched a peer-to-peer trading platform in Pakistan to drive financial inclusion. The move is one of Fasset’s international expansion move since raising $22 million in a Series A round led by Liberty City Ventures and Fatima Gobi Ventures in April. As detailed, Fasset will leverage its bespoke technology … Read more

Binance Accounting Vulnerability Led to Uneven Distribution of About $20M HNT

The Helium Foundation says a bug in Binance’s accounting system caused users to mistakenly receive around $20 million worth of HNT tokens. Binance discovered an accounting error last night that caused Helium’s MOBILE token to be mistaken for HNT and allowed users to send MOBILE balances to HNT wallets, which were then sold to the … Read more

Indian Finance Minister Urges Banks to Use Web3 Technology to Detect Fraud

Indian Finance Minister Nirmala Sitharaman called on banks to use technologies such as Web3 and AI to detect fraud and generate early warning signs at the 75th Annual General Meeting of the Indian Banks Association in Mumbai on September 18. She also asked the bank to strengthen customer service through digital Tools. The finance minister urged … Read more

U.S. Financial Stability Oversight Council to Discuss Digital Asset Regulation Next Week

The Financial Stability Oversight Council (FSOC), chaired by U.S. Treasury Secretary Janet Yellen, will meet on September 23 to discuss regulatory loopholes in digital currencies and the potential risks they pose. Previously, the annual report released by the U.S. Treasury Department’s Financial Stability Oversight Committee (FSOC) mentioned digital assets as one of the emerging innovations in the … Read more

Flashbots build over 82% relay blocks, adding to Ethereum centralization

Following the completion of The Merge upgrade, Ethereum (ETH) transitioned into a proof-of-stake (PoS) consensus mechanism, helping the blockchain become energy efficient and secure. However, mining data reveals Ethereum’s heavy reliance on Flashbots — a single server — for building blocks, raising concerns over a single point of failure for the ecosystem. Flashbots is a … Read more

Bitcoin Limits Influence On South America – Bitcoin Magazine

This is an opinion editorial by Vinicius Piscini, a bitcoin pleb. Despite the great growth potential of countries in Latin America, such as Brazil, Argentina, Chile and even Paraguay, external influences contribute to the stagnation and purposeful economic decline of these countries. We can affirm that the international protagonism that such potential would provide in … Read more