Author: Karikari Daniel

Article written by Karikari Daniel

Ukrainian pharmacies accept cryptocurrencies through Binance Pay

January 3, 2023 1 min read

One of the largest pharmacy chains in Ukraine, ANC Pharmacy, has teamed up with Binance Ukraine to allow customers to make cryptocurrency payments at their stores through the contactless Binance Pay service. The payment feature will initially be available at ANC pharmacies in Kyiv and at stores including Kopiyka and Shara. In order to pay with cryptocurrency at ANC pharmacies, customers must first download the Binance app and then visit

Binance plans to enter South Korean market through acquisition of Gopax

January 3, 2023 1 min read

Binance has concluded its investigation into the purchase of Gopax, a South Korean cryptocurrency exchange, and is now back in the country. The acquisition, first revealed in December 2021, experienced some setbacks due to final negotiations. Changpeng Zhao, the CEO of Binance, has expressed his interest in returning to the South Korean market, a major hub for cryptocurrency economies. Binance is currently in the process of obtaining a majority share

DeFi Hacks Result in Loss of $1.5 Billion in 2022’s Top 5 Cryptocurrency Attacks

January 1, 2023 1 min read

The cryptocurrency industry faced significant difficulties in 2022, with various companies experiencing financial difficulties and even bankruptcy. In addition, over $3 billion was reportedly stolen from crypto projects this year, according to Forbes. These setbacks have caused turmoil in the industry and raised concerns about its stability. The report indicates that more than 125 hacks occurred, with the top five (all involving decentralized finance (DeFi) protocols) accounting for $1.48 billion

Philippines SEC Warns Against Unlicensed Crypto Exchanges

December 31, 2022 1 min read

The Securities and Exchange Commission (SEC) of the Philippines has warned against using unlicensed cryptocurrency exchanges. In a statement, the SEC recommended that the public avoid interacting with these exchanges, which are believed to be operating in the Philippines but are not registered or regulated. The warning follows the collapse of the crypto exchange FTX, which left hundreds of thousands or even millions of unsecured creditors with little or no

NFTpay Integrates with Polygon Blockchain

December 30, 2022 1 min read

Florida-based company NFTpay has announced support for the Polygon blockchain. NFTpay enables blockchains to accept credit card payments for non-fungible tokens (NFTs). In addition to Polygon, NFTpay already supports Ethereum, Algorand, Binance Smart Chain, Fantom, Avalanche, EOS, Solana and Cronos. The company aims to simplify the process of buying and selling NFTs by allowing sellers to easily add a credit card option to their sales process. NFTpay verifies users securely

Guarda Wallet Launches Prepaid Visa Card with Support for Additional Assets

December 29, 2022 1 min read

Guarda, a secure non-custodial cryptocurrency wallet and platform, has announced that its prepaid Visa card now supports more assets, including BUSD, SHIB, DOGE, AAVE, and ATOM. The card, which can be virtual or plastic, allows users to make payments in-store or online and withdraw up to 500 EUR daily or 2500 EUR monthly from an ATM. To use the card, users must first top it up with cryptocurrency from one

Kraken crypto exchange exits Japan

December 28, 2022 1 min read

Cryptocurrency exchange Kraken is closing down its operations in Japan at the end of January due to current market conditions. In a blog post, the company explained that it does not have the resources to continue growing its business in Japan at this time. As a result, Kraken will deregister from Japan’s Financial Services Agency, the regulator responsible for overseeing the stability of the country’s financial system. All affected clients

Pessimistic Donkey College NFT Project Set to Launch

December 28, 2022 1 min read

Pessimistic Donkey College, a new non-fungible token (NFT) project focused on long-term growth and the investor community, is set to launch on January 15, 2023. The market for NFTs has seen a 60% decline from Q3 to Q4 this year and has fallen for the 6th consecutive month, leading to a sense of pessimism in the industry. In an effort to revitalize the bear market, Pessimistic Donkey College said it

Japan to Allow Foreign Stablecoins in 2022

December 27, 2022 1 min read

Japanese authorities are reportedly reconsidering their regulations on the use of stablecoins like Tether (USDT) in the cryptocurrency market. According to Japanese news outlet Nikkei, the Financial Services Agency (FSA) of Japan will allow the domestic circulation of foreign-issued stablecoins starting in 2023. Local exchanges in Japan will be permitted to facilitate stablecoin trading if they meet certain requirements for asset protection through deposits and have a maximum remittance. The

Nigeria Proposes New Law to Encourage Cryptocurrency Adoption

December 26, 2022 1 min read

Nigeria has proposed a new law that could encourage wider adoption of cryptocurrency in the country. If the Investments and Securities Act, 2007 (Amendment) Bill is passed, the Nigerian Securities and Exchange Commission (SEC) will recognize cryptocurrencies and other digital assets as valid investments. The bill will also outline the roles of the Central Bank of Nigeria and the SEC in relation to cryptocurrencies. The proposed legislation comes at a

Sam Bankman-Fried has been granted bail in the amount of $250 million

December 23, 2022 1 min read

Sam Bankman-Fried, the founder of FTX, has been granted bail in the amount of $250 million, the highest pretrial bond on record, after being charged with wire fraud, money laundering, and violating campaign finance laws. Bankman-Fried has agreed to be confined to his parents’ home in Palo Alto, California and report to pretrial services by Friday morning. The high bond amount is due to Bankman-Fried’s notoriety and the risk of

The President of Brazil signs a bill that establishes a regulatory framework for the use and trading of bitcoin in the country

December 22, 2022 1 min read

The President of Brazil, Jair Bolsonaro, has signed a bill into law that establishes a regulatory framework for the use and trading of bitcoin in the country. The new law, which will come into effect 180 days after being signed, recognizes bitcoin as a digital representation of value that can be used as a means of payment and as an investment asset, but it does not make bitcoin or any