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Why did the US Treasury sanction the Tornado Cash cryptocurrency exchange?

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According to a press release, the U.S. Treasury Department announced sanctions against Tornado Cash, a decentralized exchange (DEX). The institution has added the tornado.cash website, associated entities, and various Ethereum-based addresses to its Office of Foreign Assets Control (OFAC) list of Specially Designated Citizens and Blocked Persons (SDN). There are around 40 ETH addresses on…

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Argentine Soccer Club Uses Cryptocurrency to Sign Local Player

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Argentina has been national news with the latest signing of a local soccer player with cryptocurrency. São Paulo is one of the biggest soccer teams in Brazil and they just bought a player with cryptocurrencies. São Paulo, with the help of USDC, a stablecoin pegged to the US dollar, signed the player from the Argentine…

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Central Bank of Uruguay calls on Binance for its savings-focused cryptocurrency products

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The Central Bank of Uruguay made a call to Binance, one of the largest exchanges in the world, due to the series of cryptocurrency-based savings products they are offering in the country. These savings products, according to the bank, can only be made through verified banking institutions or companies that issue shares on the national…

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NFT Crowdfunding & Fractionation Protocol Launched Confti

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May 24, 2022 – Marks the official launch of Confti, NFT’s fractionation and crowdfunding protocol. On Confti, users can start crowdfunding tokens to buy rare and valuable NFTs together, earn token NFTs, and have partial ownership rights such as price governance or dividends. The platform supports splitting (slicing) users’ NFTs into tradable ERC-20 or ERC-1155…

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Abu Dhabi Bitcoin News

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May 19th 2022: A new Bitcoin payment proof added,Robinhood to Compete Against Coinbase With Launch of New Crypto and NFT Wallet. Abu Dhabi is the capital and second most populous city in the United Arab Emirates (UAE). Approximately 1.45 million people live in Abu Dhabi – 80% of which are expatriates. It is one of…

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Switzerland is trying to help the growth of cryptocurrencies

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Switzerland is a country that is doing everything to help the reputation of bitcoin. The nation is home to the city of Zug, which is home to what is known as “Crypto Valley,” a region that takes part of its name from Silicon Valley in Northern California. Switzerland is going all out for cryptocurrencies While…

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Huobi plans to launch cryptocurrency ETF in Hong Kong

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Hong Kong-listed fund manager Huobi Technology plans to launch an exchange-traded fund (ETF) that tracks popular cryptocurrencies. The company, which is a subsidiary of popular cryptocurrency exchange Huobi Global, aims to target retail investors with the planned ETF. Huobi has written to the Hong Kong Securities and Futures Commission (SFC) and intends to structure the…

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Goldman Sachs features cryptocurrencies, metaverse and digitization on its home page

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Global investment bank Goldman Sachs has changed its home page to include crypto, metaverse, and digitization. “From cryptocurrencies to the metaverse, explore the megatrends that are reshaping economies,” Goldman Sachs’ home page now reads. Goldman Sachs home page now includes encryption and metaverse Goldman Sachs has updated its home page to feature digitization, including cryptocurrencies…

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U.S. Securities and Exchange Commission rejects two exchange-traded funds (ETFs) Bitcoin Spot

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The US Securities and Exchange Commission (SEC) is denying requests to establish two Bitcoin (BTC) exchange-traded funds (ETFs) based on the spot market. According to SEC filings, the regulator is rejecting NYSE Arca’s offer to amend a rule for listing and trading shares of the NYDIG Bitcoin ETF. The decision comes months after the SEC…