Binance Announces Mandatory KYC for ALL Services

iPhone and Binance logo and dollars

The world’s leading cryptocurrency exchange, Binance, has announced mandatory KYC procedures for all services. Know-Your-Customer (KYC) is a standard tool used by institutions to track financial transactions around the world. It involves the verification of a customer’s identity before they can make any deposits, withdrawals, or transfers of funds. Due to growing concerns amongst regulators around the world that cryptocurrency…

Read More

Ethereum (ETH) Smashes Through $3k Following “London” Hard Fork Upgrade

ethereum logo on red city background

Following the successful implementation of its most recent hard fork upgrade, dubbed “London”, the price of Ethereum (ETH) has skyrocketed. The second-most valuable cryptocurrency after Bitcoin (BTC), Ethereum is now solidly on route to migrating to a fully Proof-of-Stake (PoS) blockchain. The London hard fork went live on 4 August 2021, featuring five Ethereum Improvement Proposal (EIPs) including the highly…

Read More

Solana (SOL) Development Platform Launched by Blockchain Infrastructure Firm Bison Trails

woman using laptop outside in field

Bison Trails, a blockchain infrastructure platform-as-a-service (PaaS) company, has launched a new ‘query and transact’ service for Solana (SOL) developers. The Solana blockchain, touted as a potential challenger to Ethereum (ETH), already has 250 projects being built on it since its launch in March last year. The platform provides a way to build decentralized applications (dApps) in a way that…

Read More

Today in Crypto: A $12 Million Diamond, TikTok Bans, and More Dogecoin Pumps

Another day, another dollar… or $12 million of them! That’s right, somebody paid $12 million for a diamond at yesterday’s Sotheby’s Auction, which wouldn’t usually be very newsworthy except that they paid for it in cryptocurrency. The event marks the first time that Sotheby’s has accepted cryptocurrency for the sale of a physical item (they have sold NFT’s before), and…

Read More

Welcome to Worldcoin, a Coinbase-backed Crypto Distribution Scheme Utilizing Iris Scanning Technology

close up of businessman hand showing texture the world with digi

A new startup boasting backing by major digital exchange Coinbase hopes to distribute cryptocurrency to people around the world in a very unconventional way – by scanning their eyeballs. Worldcoin (not to be confused with existing crypto project has developed a spherical device that can uniquely identify a person by scanning their iris. The device can then send cryptocurrency…

Read More

Why the China Bitcoin (BTC) Ban Could Be Good for Cryptocurrency

bitcoin ban sign on the great wall of china

Fresh reports of a crackdown on Bitcoin mining by the Chinese government have spread another wave of fear throughout the crypto community, resulting in a plummeting BTC price and hashrate. However, with accurate reporting in China heavily restricted and news largely unverified, we are once again left wondering: what’s really going on? According to reports, large numbers of crypto mining…

Read More

Bitcoin (BTC) Takes the First Step Towards Becoming a Global Currency

The world’s leading cryptocurrency, Bitcoin (BTC), has taken its first step towards becoming a globally accepted currency. In a surprise announcement made at last weekend’s Bitcoin Conference in Miami, the President Nayib Bukele of El Salvador revealed his plans to make Bitcoin legal tender in the struggling Central American nation. When a collapsing economy forced El Salvador to adopt the…

Read More