Author: Arti

Coinbase, a cryptocurrency exchange, to disable new user sign-ups for its exchange services in India Coinbase, the prominent U.S.-based cryptocurrency exchange, recently made headlines with its decision to disable new user sign-ups for its exchange services in India. This move has drawn attention as it follows a period of uncertainty for Coinbase’s operations in the country, spanning over a year. While the email notifications sent to Indian customers raised concerns about the cessation of exchange operations after September 25, Coinbase has since clarified its stance. The situation began when Coinbase sent out emails to several customers in India, informing them…

Mastercard and crypto exchange Binance will end their ‘Binance card’ programs next month Mastercard and well-known crypto exchange Binance will end their four crypto card programs next month, a spokesperson for Mastercard said via email on Thursday. Reuters broke the news that the two companies were canceling the agreement. The Binance Card in Argentina was introduced to “bridge the gap between cryptocurrencies and everyday purchases.” That allowed users to buy things and pay bills with Bitcoin, among other cryptocurrencies, at more than 90 million merchants. When the partnership was announced on August 05, many promises were made, like the card…

MoonPay would be performing know-your-customer compliance check for users from Binance.US According to the official announcement on Tuesday, MoonPay, as a third-party payment provider, will accept USD payments for on-ramp services using debit and credit cards and mobile wallet platforms like Google Pay and Apple Pay. CEO of the fintech firm, Ivan Soto-Wright, said in an interview with Bloomberg Television that his company would be performing know-your-customer compliance checks for users from Binance.US. “We perform KYC; we follow all the regulatory rules across every jurisdiction in which we operate, and so we can make it easy for them to top…

Know why cryptocurrency exchange CoinDCX is firing around 12 percent of its workforce While the crypto industry has experienced periods of rapid growth and innovation, it has also seen its share of challenges and uncertainties. Many cryptocurrency firms are laying off many employees due to market volatility, regulatory changes, shifts in business strategies, or economic conditions. Just like cryptocurrency exchange CoinDCX is firing around 12 percent of its workforce, citing changing business priorities and the challenging business environment, founders Sumit Gupta and Neeraj Khandelwal said in the email. “Today, some incredibly talented team members will be parting ways with the…

Down by nearly 9% in the past 24 hours, Shiba Inu is currently trading at $0.00000935 With the launch of Shibarium, an Ethereum layer-2 network, Shiba Inu will provide a real-world use case, as the blockchain focuses on DeFi and gaming and will use SHIB tokens as fees. Shytoshi Kusama, Shiba Inu’s lead developer, commanded attention during his speech at the Blockchain Futurist Conference in Toronto. Commending the ‘Shiba Army,’ he accentuated the value of the community behind Shiba Inu and the collaborative efforts they bring to the decentralized space. Shibarium is the designated Ethereum layer-2 solution developed by the…

Singapore Red Cross joined hands with Triple-A to accept donations in various cryptocurrencies like BTC and ETH Singapore Red Cross partnered with crypto payment gateway Triple-A, the first crypto payment gateway licensed by the Monetary Authority of Singapore (MAS), ahead of Singapore’s National Day to include cryptocurrency as a newly-accepted donation form. With Triple-A’s white-label crypto payment solutions, the Singapore Red Cross can now receive cryptocurrency donations from supporters to deliver humanitarian services to uplift the vulnerable, particularly in Singapore.  Singapore Red Cross will accept donations in various cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and USD Coin (USDC).…

Ripple has locked back 800 million XRP tokens into escrow shortly after releasing 1 billion In a strategic move aimed at sowing confidence in the cryptocurrency community, Ripple implemented an escrow mechanism that underscores its commitment to responsible token management and market stability. The company has locked back 800 million XRP tokens into escrow shortly after releasing 1 billion XRP in August. By taking this step, Ripple ensures the market ecosystem is balanced and addresses concerns about oversupply. 800 million XRP Shifted to Escrow According to data provided by Whale Alert tracker of crypto transactions, Ripple has securely locked away…

OKX Wallet has now integrated with DeGame to cater to the needs of NFT gaming enthusiasts OKX Wallet, a versatile cryptocurrency wallet accessible across various platforms, has now integrated with DeGame, one of the world’s largest NFT game aggregators. With this integration, users are granted access to a vast array of more than 4000 blockchain game projects and over 1000 tokens and chains. DeGame has established partnerships with over 50 guilds and chains, creating a comprehensive platform that caters to the needs of NFT gaming enthusiasts and developers. OKX Wallet is a universal crypto wallet available on multiple platforms and…

Jio Financial Services partnered with BlackRock to transform the asset management industry Jio Financial Services, the demerged financial lending arm of Reliance Industries, and BlackRock, the world’s largest asset manager, have joined hands to set up an asset management company with a combined investment of $300 million. Jio BlackRock, RIL, in a press release, said it combines Jio Financial Services’ knowledge and resources and BlackRock’s scale and investment expertise to deliver affordable, innovative investment solutions to millions of investors in India. The two partners plan to invest $150 million each in the JV, making it the 44th player in the…

Catalyze Research and Ripple partnered to expand the presence of the XRP Ledger ecosystem in S. Korea In a significant move to expand the presence of the XRP Ledger (XRPL) ecosystem in South Korea, Ripple, the leader in enterprise blockchain and crypto solutions, and Catalyze Research, the leading Web3 and blockchain consulting group, have announced a strategic partnership. The collaboration aims to leverage the vibrant Web3 developer community in South Korea, which has demonstrated strong expertise and innovation in blockchain technology. The XRP Ledger, known for its open-source, energy-efficient, and decentralized Layer-1 blockchain, has garnered recognition for its native functionality…