Author: Ali Raza

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Bitcoin Suisse to offer DeFi services with Liquity protocol

Bitcoin Suisse has announced its venture into decentralized finance (DeFi) services. The company will start offering these services through the Liquity protocol that allows customers to borrow the Liquity Dollar (LUSD) stablecoin using Ethereum collateral. Bitcoin Suisse starts offering DeFi services An announcement made on April 20 revealed that Bitcoin Suisse would conduct smart contract...

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Shiba Inu blocks wallet address over hate symbol on the metaverse

Developers of the Shiba Inu metaverse have issued a statement after the swastika hate symbol was drawn on its metaverse land by one user. The developers have since blacklisted the wallet address linked to the symbol. Shiba Inu blacklist user for hate symbol on metaverse On April 12, the Shiba Inu Metaverse land sale commenced...

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US Treasury Department sanctions Russia-based crypto mining firm

The US Treasury Department has included a crypto mining service provider among the firms included in sanctions against Russia. BitRiver and some of its subsidiaries have been accused of enabling the evasion of sanctions imposed on Russia. US Treasury sanctions Russia crypto mining firm The Office of Foreign Assets Control (OFAC) at the Treasury Department...

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IMF says sanctioned countries could turn to crypto mining activities

The International Monetary Fund (IMF) has warned that Russia could mine Bitcoin and other cryptocurrencies to avoid the Western sanctions. Boosting mining industries in Russia could pave the way for the country to avoid the imposed sanctions. IMF warns of crypto mining in Russia The IMF released a new report in which it said that...

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Australia’s first Bitcoin ETF set to garner $1B inflows

The first Bitcoin exchange-traded fund (ETF) in Australia is set to start trading on April 27. A report from the Australian Financial Review shows that this ETF will attract up to $1 billion worth of inflows. Australia launches first Bitcoin ETF An ETF is a financial product that enables investors to track the price of...

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Cardano reports 100K new wallets since March 22

The Cardano network has recorded increased activity over the past month. The blockchain has recorded 400 new projects within this time, while 100,000 new wallets have been created. Cardano records major growth The Vice President of the Input-Output HongKong (IOHK) published a LinkedIn Post on Tuesday saying that around 900 projects were under development in...

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Ireland drafts law halting crypto donations to political parties

Ireland has formulated a new law targeting cryptocurrency donations made to political parties in the country. The new law was created by a task force created by Minister Darragh O’Brien earlier this year. Ireland wants to halt crypto donations The task force created by O’Brien comprises political scientists and legal experts who will be investigating...

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Robinhood awaits regulatory approval to acquire London-based Ziglu

Robinhood has announced plans to acquire Ziglu Limited, a cryptocurrency exchange based in the UK. Robinhood hopes that this acquisition will support the firm’s expansion in the UK and the European Union. The exchange is popular with retail traders because of its zero-commission fee policy. The platform is also famed for facilitating day trading in...

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Gulf Energy buys an undisclosed amount of BNB tokens

Gulf Energy Development, an energy company based in Thailand, has announced a strategic investment in Binance and BNB, the native cryptocurrency used in the BNB Chain ecosystem. Gulf Energy already has a relationship with the Binance cryptocurrency exchange. In January, it announced a partnership with the exchange to obtain a regulatory license. Gulf Energy invests...

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Ethereum Foundation discloses the amount of ETH held in its treasury

The Ethereum Foundation, a non-profit organization focusing on the Ethereum ecosystem, has revealed that it holds around $1.6 billion in its treasury. $1.3B is held in cryptocurrencies and dominated by ETH, while the remaining amount of $300M is held in non-crypto investments. Ethereum Foundation sells Ether at ATH The Ethereum Foundation released a financial report...