According to Reuters, Venezuela’s government-owned oil company PDVSA is moving faster to sell its crude oil using Tether in order to prevent the possibility of having their earnings held in foreign banks due to renewed US oil sanctions. Venezuela’s oil trade is currently being impeded by the U.S. Treasury’s latest action, which necessitates obtaining individual … Read more
The cryptocurrency market in the Middle East is experiencing a significant increase, with approximately 500,000 daily traders, based on Bitget’s latest findings. Notably, the UAE’s lenient regulations towards crypto have been a major draw for traders in the region. Additionally, according to research, users active on the blockchain are gravitating towards platforms that support gaming, … Read more
Following a Bitcoin halving, American cryptocurrency stocks experienced a 20% rise. This growth was driven in large part by an overall uptrend in the financial market. On April 22, Marathon Digital (MARA), CleanSpark (CLSK), Riot Platforms (RIOT), Cipher Mining (CIFR), and Hut 8 (HUT) were the leading stocks with each experiencing over 20% growth. However, … Read more
In simpler terms, Ontario’s Superior Court has given the green light to a lawsuit against Binance, a well-known cryptocurrency exchange, over claims that it provided derivatives in crypto to regular investors without proper registration. This allegedly went against securities regulations. The suit aims for compensation and annulment of these transactions, as well as penalties for … Read more
South Africa’s central bank, the SARB, has created a plan for digital payments to boost the use of these technologies in the country, which currently lags behind. This plan outlines methods for utilizing cryptocurrency and Central Bank Digital Currencies (CBDCs) to expand access to financial services and build a robust foundation for digital payments. The … Read more