US and Chinese negotiators concluded trade talks in Stockholm without a concrete agreement to extend their tariff ceasefire past August 12. The decision now rests with President Trump, with a potential return to high tariffs threatening global markets. The US Federal Reserve, led by Chairman Jerome Powell, kept its benchmarkContinue Reading
Roman Storm did not testify in his Manhattan trial over allegations he enabled US$1B in crypto laundering. His defence argued Tornado Cash was a decentralised privacy tool misused by hackers, and he did not control or profit from the activity. Prosecutors highlighted a 2019 meme T-shirt as evidence of intent,Continue Reading
Divine Research is offering unsecured loans, having issued over 30,000 short-term USDC loans since December, primarily to underserved global borrowers. Divine Research is using Worldcoin’s iris-scanning for fraud prevention and charges 20-30% interest. Despite a 40% default rate on initial loans, the platform aims to offset losses through interest andContinue Reading
A Chinese intermediate court based in Beijing recently upheld a lower court’s ruling which determined that cryptocurrency is a virtual property protected by the law. The court clarified that regulations issued by the Bank of China and others only prohibit the circulation of virtual currency. ‘Financing Behaviour Prohibited by theContinue Reading
Canadian Prime Minister Justin Trudeau has slammed Pierre Poilievre, the new leader of the Conservative Party of Canada, for telling people that they can “opt out of inflation” by investing in cryptocurrencies. Trudeau claims that his Conservative rival’s crypto advice is not “responsible leadership.” Justin Trudeau Calls Pierre Poilievre’s CryptoContinue Reading
PRESS RELEASE. In recent years, the cryptocurrency market has been exceedingly prosperous, with a series of cryptocurrency projects emerging, bringing rich investment opportunities and market risks to participants in the blockchain industry. KDA is also one of the emerging cryptocurrency projects. However, unlike others, KDA is referred to as theContinue Reading
A number of financial giants including Fidelity Digital Assets, Citadel Securities, and Charles Schwab Corp. announced on Tuesday that the consortium of companies plans to launch a cryptocurrency exchange called EDX Markets. Reports note that firms like Paradigm, Sequoia Capital, and Virtu Financial are also backing the new crypto tradingContinue Reading
PRESS RELEASE. In the face of financial regulators’ overall negative attitude toward digital assets, P2P marketplaces have become the platforms of choice across Africa. As the world leader in P2P cryptocurrency exchange, Kenya has drawn much attention from many P2P exchange service providers. Bitpapa is one of them, and itContinue Reading
The new directive of the Brazilian securities watchdog, the CVM, is now demanding specific changes to the cryptocurrency bill pending discussion in Congress. The organization wants to correct a loophole in the current document in which some tokens would not be considered securities, including tokenized physical goods and carbon credits.Continue Reading
The Argentine tax authority (AFIP) found three different clandestine cryptocurrency mining farms last week. The farms were located in San Juan and in the city of Cordoba. More than $600,000 in hardware was found at just one of these locations, and the high level of power consumed helped the institutionContinue Reading
