Archives for: August 15th, 2022

Reddit users can now buy Ethereum on the platform

Written by: ( August 15, 2022 )

Reddit users can now purchase Ethereum (ETH) through integration with FTX, the cryptocurrency exchange owned and controlled by Sam Bankman-Fried. A press release by FTX stated that Reddit users now have the ability to use FTX Pay, the company’s payment system, to manage their blockchain-based community point. Reddit introduced community points as a reward for […]

MercadoLibre to offer more cryptocurrency services across Latin America

Written by: ( August 14, 2022 )

LatAm is seeing more companies expand their cryptocurrency services. MercadoLibre is one of the largest regional retailers and plans to expand its cryptocurrency services in order to include more countries. Mercado Pago, Mercado Libre’s digital payments and wallet services, is going to start to be introduced to other countries throughout the region. MercadoLibre will expand […]

Iran pushes cryptocurrency use as government makes massive import purchase

Written by: ( August 10, 2022 )

This week, Iran placed its first official order for $10 million worth of goods using cryptocurrency. The country’s Vice Minister of Iran’s Ministry of Industry, Mine and Trade and president of Iran’s Trade Promotion Organization (TPO), Alireza Peyman Pak, announced the news via Twitter on Tuesday. The government official added that, by the end of […]

Cryptocurrency credit lines available in the UK through Wirex

Written by: ( August 5, 2022 )

Cryptocurrency and payments ecosystem Wirex has developed additional features and expanded its Wirex Credit program into new areas. It has made its crypto-back credit lines available to UK users and added WXT to the token list to be used for collateral. Wirex Credit launched last month via the Wirex app. Wirex Credit “became a very […]

Brazil lawmakers may approve cryptocurrency bill before the end of the week

Written by: ( August 3, 2022 )

The Chamber of Deputies in Brazil could approve a cryptocurrency bill that was introduced earlier this year. Ricardo Barros, the leader of the Federal Government in this chamber, said that the bill will be debated, although there are no reports about a vote. The chamber is also expected to discuss other time-sensitive bills. Brazil is […]

El Salvador neighbor of Honduras now has its own cryptocurrency city

Written by: ( August 1, 2022 )

Honduras has launched a “Bitcoin Valley” in Santa Lucia, a popular tourist destination. It is a way to promote more tourism, and 60 businesses will initially offer the payment option. The move comes following El Salvador’s creation of a cryptocurrency city and as the two countries, along with Guatemala, discuss becoming a single country. The […]

Cryptocurrency exchange FTX heads to Dubai following licensing approval

Written by: ( July 29, 2022 )

FTX Exchange, the Middle East Division of cryptocurrency platform FTX Europe, has been approved to enter Dubai’s Minimum Viable Product (MVP) program for virtual assets. This program is operated by the emirate’s Virtual Asset Regulatory Authority (Vara). The San Francisco-based company released a statement Friday stating that FTX is now the first virtual asset service […]

Cryptocurrency companies not welcome during French Grand Prix

Written by: ( July 26, 2022 )

While the cryptocurrency sector is growing in popularity, some countries’ authorities remain skeptical about their direct advertising to consumers. France is one example of a country where strict regulations apply, as evidenced by the recent French Grand Prix. France’s regulations regarding advertising certain products have forced many Formula 1 teams to hide or remove decals […]

Crypto.com to include Google Pay option beginning soon

Written by: ( July 22, 2022 )

Google Pay will soon be available as a payment option to purchase cryptocurrencies on Android from global cryptocurrency exchange platform Crypto.com. Google Pay is used by more than 100 million people worldwide, offering the cryptocurrency exchange access to a potentially large source of customers. Users who have linked their Google Pay accounts with a debit […]

Paraguay Senate approves bill to regulate cryptocurrency

Written by: ( July 20, 2022 )

A bill to regulate cryptocurrency and their operation in Paraguay has been approved by the Senate. With some modifications, the bill that had been submitted to the deputy chamber was approved. It establishes clear definitions and exempts tax for crypto mining companies. LatAm is seeking to standardize cryptocurrency regulation to provide more clarity for investors […]