Binance, the leading cryptocurrency exchange globally, has reinstated the option for users to purchase cryptocurrencies using Mastercard. According to a June 6 post on X, Binance has resumed enabling cryptocurrency transactions via bank transfers with Mastercard debit and credit cards to ensure “smooth transactions.” On Binance’s platform, users can now utilize Mastercard for crypto purchases, …
Uzbekistan’s highest Islamic authority has retracted a fatwa against cryptocurrency, blaming “carelessness” for its appearance online and saying it is still studying the issue. On the evening of June 3, the Fatwa Center issued an apology on Telegram for the anticipated ruling, citing “carelessness” and “technical reasons” as the cause. As of the beginning of 2023, residents …
Uzbekistan’s Islamic Authority retracts Crypto fatwa Read More »
Turkey will not tax crypto profits but is considering a limited transaction tax on these assets. Details are still being discussed, according to Finance Minister Mehmet Simsek. Turkish Treasury and Finance Minister Mehmet Simsek announced that there are no current plans to tax profits from cryptocurrencies. However, the government is contemplating a “very limited” transaction …
Turkey Rules Out Crypto Profit Tax, Considers Transaction Tax Read More »
On June 5, U.S. chipmaker Nvidia briefly surpassed Apple to become the world’s second most valuable company by market capitalization, before slipping back to third place. Nvidia’s market cap soared to over $3.01 trillion, just shy of Microsoft’s leading $3.1 trillion valuation. Apple reclaimed its position as the U.S. markets opened on June 6, reaching …
3 Horse Race Between NVIDIA, Microsoft and Apple Read More »
Robinhood plans to acquire Bitstamp for $200 million, expanding its global crypto presence and enhancing services with Bitstamp’s extensive customer base and advanced crypto offerings.
The Ethereum ecosystem has been growing rapidly in the past four years, with the number of daily users having 9x’d in that period. Put on top of that the latest clearance for $ETH ETFs in the US and there are large firms taking notice. Src: Bitwise In a tweet on 6th June 2024, VanEck’s official …
In a move geared towards simplifying DeFi access, leading U.S. crypto exchange Coinbase has launched its highly anticipated Smart Wallet. Promising easy setup and gasless transactions, the wallet targets newcomers to the decentralized finance space. Siddharth Coelho-Prabhu, Coinbase’s senior director of product management, introduced the Smart Wallet in a recent blog post. He highlighted its …
Coinbase Unveils Smart Wallet, Aiming to Bring 1 Billion Users to Crypto Read More »
In a recent statement, Ethereum co-founder Vitalik Buterin voiced strong criticism against the surge of celebrity tokens in the cryptocurrency space, labeling them as superficial and lacking meaningful impact. Buterin’s comments highlight a growing concern about the value and purpose of these celebrity-endorsed digital assets. • Lack of Substance: Buterin argues that celebrity tokens are …
Bitcoin, $BTC, price crossed $71k on Tuesday, 4th June 2024 as it marked the best day of Bitcoin ETFs inflow since March. Total ETF flows : TOTAL NET FLOW: 886.6 (Provisional data) IBIT: 274.4 FBTC: 378.7 BITB: 61 ARKB: 138.7 BTCO: 0 EZBC: 0 BRRR: 1.6 HODL: 4 BTCW: 0 GBTC: 28.2 DEFI: 0 (Data …
Bitcoin crosses $71k as Tuesday sees $880M ETF Inflow Read More »
Avail, a company which spun out of Polygon back in 2023 has just announced a $43M Series A funding round led by Founders Fund, Dragonfly and Cyber Fund. The team also mentioned that the capital would go into building its “Fusion Layer” which is expected to go live in 2025.
