Binance US has appointed former DoJ and Uber official, Krishna Juvvadi, as the head and VP of its legal team. The official will now oversee the day-to-day operations of the company’s legal department. Juvvadi will be reporting to Norman Reed, the general counsel of Binance US.
The global cryptocurrency market lost more than $300 billion (roughly Rs. 23,26,265 crore) last week and nearly $1.7 trillion (roughly Rs. 1,31,86,352 crore) in the past seven months. But the impact on US household wealth, spending, and labour supply are likely to be limited, according to Goldman Sachs.
The Ethereum network is due for a new, energy-efficient working model. It is named ‘Merge’, and developers can see it launching as soon as August this year. There are however, certain snags that could delay the launch of this much awaited Ether 2.0 update, that was initially slated for launch in June.
India must establish rules on cryptocurrencies to resolve regulatory uncertainty, protect investors, and boost its crypto sector, says CoinSwitch CEO Ashish Singhal on Sunday.
OpenSea NFT marketplace has launched a similar website, but in a decentralised format. The platform will let buyers and sellers get into smart contracts, in order to make transactions safer, surer, and more transparent. OpenSea will not be controlling this new decentralised marketplace. The platform has called out to smart contract makers to optimise, simplify,…
Bitcoin moved beyond the $30,000 (roughly Rs. 23.5 lakh) mark on Sunday, but the largest cryptocurrency is still behind by roughly 4 percent in order to put an end to the record-breaking bearish streak on a week-on-week scale.
Swiss luxury watchmaker Tag Heuer has decided to sell its high-end watches for payments in cryptocurrencies. Watches costing as high as $10,000 will be eligible for purchase via cryptocurrencies. Earlier this month, luxury fashion house Gucci started accepting crypto payments in the US
The Twitter account of non-fungible token (NFT) artist Mike Winkelmann, widely known as Beeple, was briefly hacked on May 22 and used to promote a couple of phishing scams to drain over $438,000 (roughly Rs. 3.4 crore) from victims.
In the midst of the Terra disaster, Do Kwon, the company’s founder, is being investigated by South Korean authorities for possible tax evasion and has responded in a Twitter thread that his firm will cooperate with the probe and that Terraform Labs has no outstanding tax liabilities in Korea.
Well-known global financial messaging service, SWIFT, is set to test a Central Bank of Digital Currency (CBDC) by interconnecting multiple CBDC networks to execute cross-border payments.