Nubank, a fintech bank based in Brazil, has announced it’s set to launch its own digital token called Nucoin which will be available by the first half of 2023. According to the announcement, Nucoin will be used in the bank’s plans as part of its loyalty program to offer customers discounts and benefits. Nucoin will … Continue reading Brazil’s Nubank Set To Launch Digital Currency On Polygon Blockchain
Payment processing app created by Block Inc, Cash App, has now added support for Bitcoin transactions enabling users to both send and receive Bitcoin via the lightning network. After its integration with the lightning network in February to allow users to make payments using Bitcoin, Cash App has now added support for transactions via the … Continue reading Cash App Introduces Bitcoin Transactions via Lightning Network
The United Kingdom has drawn a step closer to becoming one of the most recognized crypto hubs in the world as the House of Commons, the Parliament, passed the amendment to the Financial Services and Markets Bill which seeks to regulate Bitcoin (BTC) and the cryptocurrency industry. The Bill was initially proposed when Prime Minister … Continue reading UK Seeks to Recognize Bitcoin and Crypto as Regulated Financial Instruments
His Majesty’s Treasury has finally released a long-awaited consultation document in preparation for the imminent regulation of cryptocurrencies in the United Kingdom. The comprehensive paper, which is 80 pages long, covers a wide variety of subjects, ranging from the challenges posed by algorithmic stablecoins to the concept of nonfungible tokens (NFTs) and initial coin offers … Continue reading U.K. Treasury Proposes Ambitious Crypto Regulations
According to the United Kingdom’s financial watchdog, newly proposed advertising rules in the United Kingdom could potentially see executives of crypto firms facing up to two years in prison for failing to meet certain requirements around promotion. These executives would be in violation of the rules if they failed to meet any of the aforementioned … Continue reading UK Watchdog Proposes Tougher Advertising Rules
In response to the SEC’s February crackdown on Kraken’s staking program, Coinbase has submitted a “Petition for Rulemaking” arguing that staking should not be classified as securities. The 18-page document argues that staking is not a monolithic concept and that core staking services do not meet the criteria of the Howey test, which defines what … Continue reading Coinbase Petitions SEC on Staking
London, England, April 3rd, 2023, Chainwire Sweat Economy, the biggest move-2-earn project globally on a mission to make the world more physically active, is offering users the chance to win the role* of ‘Chief Walking Officer’, complete with a year’s salary to the value of USD 24,000. The job specification contains on main requirement: to walk … Continue reading Sweat Economy Announces Exciting New Campaign: Win a Year's Salary as Chief Walking Officer
In a recent blog post, Paul Chan, the financial secretary of Hong Kong, emphasized the need for the city to push forward with Web3 technology, despite the ongoing volatility in the crypto market. Chan proposed a strategy that focuses on proper regulation and promoting development to facilitate the steady growth of Web3. He noted that … Continue reading Hong Kong Embraces Web3 Despite Crypto Market Volatility
The UK’s Financial Conduct Authority (FCA) has issued a letter to cryptoasset firms outlining a new financial promotions regime. This legislation, set to be enforced from 8 October 2023, requires all entities marketing cryptoassets to UK consumers, including those based abroad, to adhere to the new regime. The scope of this regulation extends to various … Continue reading UK's FCA Introduces New Financial Promotions Regime for Cryptoasset Firms
Overview Pepe Coin (PEPE) is a deflationary meme coin launched on the Ethereum blockchain. It was created as a tribute to the Pepe the Frog internet meme, which gained popularity in the early 2000s. The project aims to capitalize on the popularity of meme coins like Shiba Inu and Dogecoin, striving to establish itself as … Continue reading What is Pepe Coin?