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Ethiopia Approves CBDC Launch Draft Proclamation

[Jun 19, 2024 11:38 PM] The Ethiopian Council of Ministers recently approved a draft proclamation that paves the way for the launch of a central bank digital currency (CBDC). The National Bank of Ethiopia (NBE) stated that the draft considers rapid technological…

Unlicensed Crypto Business Leads to Indictments in Utah

[Jun 19, 2024 7:32 PM] Two Utah residents have been indicted for operating an unlicensed money-transmitting business, converting over $2.5 million into cryptocurrency, according to the U.S. Department of Justice (DOJ). The two were arrested over the weekend in Washington…

Bitcoin Tumbles Below $65,000: Should You Panic Or Buy?

[Jun 18, 2024 5:00 PM] As Bitcoin dips below the $65,000 mark, currently trading at $64,886, the cryptocurrency market is witnessing a heightened sense of urgency among traders. This recent downturn reflects a broader trend observed over the past week, with Bitcoin…

Multiple US States Have Revoked Binance US Crypto Licenses

[Jun 18, 2024 3:19 PM] Multiple U.S. states have revoked or declined to renew Binance US money transmitter licenses due to compliance issues and legal troubles involving former CEO Changpeng Zhao (CZ). “North Dakota joins Alaska, Florida, Maine, North Carolina, and…

Transak Lists Paypal’s PYUSD for Easier Crypto Access

[Jun 18, 2024 11:22 AM] According to an announcement, the Web3 and crypto firm Transak listed Paypal’s stablecoin, paypal usd (PYUSD), on its platform. This integration allows users to purchase PYUSD using various local payment methods, aiming to simplify the…