Hacked Coinbase users bash the exchange for poor customer service

Hacked Coinbase users bash the exchange for poor customer service

Coinbase, the largest crypto exchange in the US, has come under fire as thousands of users claim it has terrible customer service. A CNBC report disclosed this news on August 24, claiming its journalists interviewed Coinbase users in the US and got thousands of complaints. Most of the complaints revolve around Coinbase failing to address […]

MicroStrategy purchases 3,907 Bitcoin after selling 230K MSTR

MicroStrategy purchases 3

MicroStrategy, a business software company, has purchased an additional 3,907 Bitcoin (BTC). The firm unveiled this news through a filing with the US Securities Exchange Commission (SEC) yesterday. Through this purchase, the company’s holdings of the leading cryptocurrency have increased to 108,992 BTC.  According to the filing, the company spent $177 million on BTC between […]

Visa joins the NFT bandwagon after purchasing a CryptoPunk for $150K

Visa joins the NFT bandwagon after purchasing a CryptoPunk for

Financial services giant Visa has joined the non-fungible token (NFT) craze. The firm unveiled this news through a blog post on August 23, saying it bought CryptoPunk 7610, an NFT-based digital avatar, for $150,000 worth of ETH. Reportedly, the company teamed up with Anchorage Digital to complete this purchase. In the blog post, Visa’s Head […]

Solana’s Wormhole Launch Triggers a Market Rally Amid Rug Pull Concerns

Solana’s Wormhole Launch Triggers a Market Rally Amid Rug Pull Concerns

Solana’s Wormhole, a bi-directional communication bridge allowing existing Ethereum based projects to move their ERC20 tokens back and forth across blockchain built on Solana was recently launched to the much excitement of the Solana community. The Solana-backed multi-blockchain connector aims to bring interoperability to the blockchain and crypto space even as the DeFi movement picks […]

UWM to start accepting mortgage payments in crypto

UWM to start accepting mortgage payments in crypto

United Wholesale Mortgage (UWM), the second-largest mortgage lender in the US, is the latest mainstream company to embrace crypto. A report unveiled this news on August 17, referencing the company’s Q2 earnings call on August 16. Reportedly, the firm is looking to integrate crypto payments before the end of the year. According to the report, […]

Companies Increasingly Adding BTC to their Balance Sheets as Blockchain adoption soars

Adding BTC to Balance sheets

A report released last week by auditing firm Deloitte shows that blockchain is increasingly becoming a major pillar for businesses to stay competitive with 73% of the respondents in the report noting concerns about their firms losing a competitive advantage without blockchain adoption. What’s more, 81% of the surveyed financial services believe that blockchain technology […]

Afghans increasingly embrace Bitcoin as an economic crisis looms

Afghans increasingly embrace Bitcoin as an economic crisis looms

Afghanistan has recorded significant Bitcoin adoption this year. A report unveiled this news, citing the Google Trend monitoring service and Chainalysis’ 2021 Global Crypto Adoption Index. Reportedly, the country began shifting to crypto after the Taliban started taking over the country earlier this year. According to the report, the Google Trends monitoring service shows that […]

Cool Valley mayor starts initiative to give city residents up to $1K in BTC

Cool Valley mayor starts initiative to give city residents up to

Jason Stewart, the mayor of Cool Valley, intends to offer more than $1 million worth of BTC to the city’s roughly 1,500 residents. He unveiled these bullish plans during an August 19 interview with KSDK, a St. Louis news outlet. With this initiative set to start before the end of this year, Stewart said he […]

Facebook says it can solve the financial exclusion puzzle if regulators let it

Facebook says it can solve the financial exclusion puzzle if regulators let it

David Marcus, the Head of Facebook’s Financial Services Division, believes that Facebook and the Novi Wallet can help address the problems that plague the financial system. He shared this information through a blog post on August 18, noting that the current payments system has multiple flaws that either side-line or underserve a large percentage of […]

With $69 Billion Value, ADA Becomes The Third Biggest Digital Asset

ADA Becomes The Third Biggest Digital Asset

Although Cardano’s native token is a little unknown in the crypto market in terms of its popularity, ADA is now the third-biggest digital asset, with the network developers embracing to enjoy the boom in decentralized finance. With the crypto asset making more than 50 percent gains over the last week, many experts are optimistic that […]