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US crypto exchange CrossTower expands to India

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CrossTower is banking on the growing cryptocurrency market in India despite the uncertainty about the legal status of Bitcoin in the country. The US-based cryptocurrency exchange CrossTower is expanding its activities to India despite the current legal uncertainty regarding local crypto regulation. CrossTower has created a local division in India and launched a cryptocurrency trading…

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South Korea awards security certificate to first cryptocurrency company

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Regulation and compliance are the buzzwords if a company is to be successful in the current legal environment of the cryptocurrency industry. Many companies around the world are stepping up their self-regulatory and enforcement efforts to comply with the law. Presumably a crypto trust company in South Korea was the first to be certified for…

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El Salvador buys first 200 BTC, confirms President Bukele

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El Salvador is the first country in the world to recognize Bitcoin as legal tender. Despite opposition from local groups, the government believes cryptocurrency will be of net benefit to the economy and society. The President of El Salvador, Nayib Bukele, confirmed on Monday that his government had bought its first 200 Bitcoin (BTC) before…

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Chopped cream finance; Lose $ 34 million in digital assets

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People came by again. Another encryption trick is in the books. This time, the victim is a platform called Cream Finance, which is reporting losses of around $ 34 million at the time of writing. Cream Finance loses a lot of money The money was raised after a hacker exploited an opening in the company’s…

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Japanese financial giant SBI sets up crypto funds

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The Japanese financial conglomerate SBI Holdings is launching a crypto fund that will invest in several cryptocurrencies. “I want people to keep it along with other assets and see how useful it can be for diversifying portfolios,” said a company executive. SBI Holdings launches crypto funds SBI Holdings Inc. announced plans to launch a crypto…

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What you need to know about this “high risk” bitcoin item

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In August, digital assets made a strong comeback after nearly three months of consolidation and slowdown. In fact, Bitcoin and Ethereum were the real winners, with the S&P 500 and Nasdaq Composite ending the month with all-time highs. “BTC and ETH versus stocks” is an ancient and never-ending debate, and the correlation between the two…

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Coinbase Launches Ethereum Strike For Brits And Germans

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Cryptocurrency trading platform Coinbase has announced that customers in the UK and Germany can use Ethereum (ETH) and earn rewards. In addition to this new feature, Coinbase has removed the requirement to maintain a balance of 32 ETH, valued at $121,028 at the time of writing this article, and the experience to use the ETH2…

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Belarusian President Says Crypto Mining Is Better Than Leaving Low Paying Jobs Abroad

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Belarusian President Alexander Lukashenko urged his fellow citizens to stay in the country and dig for crypto. That is better abroad in Poland and Germany, as many have done before, to take on poorly paid agricultural jobs. Is this the start of Belarus’ switch to crypto? The comments came during a speech to employees of…

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Chinese BTC miners return to center stage

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Cryptocurrency miners from China are now starting to settle in neighboring countries like Russia and Kazakhstan. As a result, they are coming back online to mine new bitcoin units and once again offer serious competition to miners in the United States and other bitcoin ports. Miners in China start elsewhere Not so long ago, Beijing…