Key Takeaways Balenciaga has announced that it would now accept bitcoin payments at its major locations in the United States, including Madison Avenue in New York and Rodeo Drive in Beverly Hills, including on their website. The fashion business is…
Key Takeaways The S&P 500, a stock index that tracks the performance of 500 large companies listed on US stock exchanges, fell to 3,811 yesterday, a drop of more than 10% in May and 20% from its all-time high (…
Key Takeaways Rep. Byron Donalds has introduced legislation that would allow Americans to include Bitcoin in their 401(k) plans. Whether the bill passes or fails could have an impact on Fidelity, which allows users to include Bitcoin in their 401(k)s.…
Key Takeaways: SEC announced on May 20 that Wells Fargo’s brokerage unit agreed to pay $7 million to settle charges that it infringed anti-money-laundering rules over a four-year period. This is Wells Fargo Advisors’ second Bank Secrecy Act action in…
Key Takeaways: On May 19, 2022, Swapnex shut down the platform and redirected traffic to a non-relevant site, while all customer funds could not be withdrawn during the previous 2-3 days and cannot be withdrawn after the platform’s closure. Overall,…
Key Takeaways Ethereum’s transition to proof of stake could happen this summer. Preston Van Loon, an Ethereum core developer, informed a panel at the Permissionless conference that there is momentum underneath finalising the move within the next three months. This…
Key Takeaways: As the state government contemplates a bill to ban new mining projects that use carbon-based energy sources until an assessment of the industry’s environmental impact, bitcoin mining companies in New York are increasingly considering abandoning their goals in…
Key Takeaways: Higher interest rates may dull the luster of some crypto investments by providing savers with the chance to safeguard more substantial benefits in a lower-risk environment. The opportunity cost of capital rises when interest rates rise. The US…
Key Takeaways The Sandbox is collaborating with Jay Kay’s seminal jazz-funk band Jamiroquai to bring the group’s free-spirited aspect to Web3. The strategic partnership was created in cooperation with Universal Music Group’s industry-leading brand management division, Bravado. Since its beginnings,…
Key Takeaways President Laurentino Cortizo of Panama has stated that he will not sign a law governing the use of cryptocurrencies until it includes stricter anti-money laundering provisions. Last month, the country’s legislative assembly passed a bill that makes it…
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