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Brazil Welcomes Two New Cryptocurrency Brokers
The world's largest investment bank and Brazil's largest brokerage launched cryptocurrency trading services. BTG Pactual, the country's largest investment bank, launched Mynt, a cryptocurrency trading platform. Mercado Pago previously announced plans to introduce cryptocurrency in Brazil. Brazil's largest brokerage and... -
South Korea will Block 16 Unregistered Cryptocurrency Exchanges
Sixteen organizations have been providing cryptocurrency services to Koreans and hosting events aimed at Koreans. South Korea's financial intelligence unit (KoFIU) informed investigators about illegal business practices, the Financial Services Commission (FSC) said. The FSC will soon ban domestic access... -
Affirm Stock Tumbles on Massive Loss & Tepid Revenue Guidance
Affirm (NYSE: AFRM) stock is trading sharply lower in US price action today after it posted a massive loss in the fiscal fourth quarter of 2022 and gave lower-than-expected guidance for the fiscal year 2023. In its fiscal fourth quarter... -
Polygon Founder Launches Investment Firm for Web3 Projects
The Polygon network has been one of this year’s most exciting cryptocurrency projects. After expanding beyond traditional transaction processing and expanding at an incredible rate, its developers are now seeking to follow the same path as several other well-established blockchains.... -
3 Men Accused of Stealing $4m in a Bank-Frauding Crypto Transfer Reversal Scam
According to a press release from the Department of Justice, the three suspects, Esteban Cabrera Da Corte, Luis Hernandez Gonzalez, and Asdrubal Ramirez Meza, were arrested on August 23 amid a crypto scam. These three men steal millions of dollars... -
NFT Community Erupts After Pudgy Penguins NFT Sells For $600k
There have been several arguments over the viability of non-fungible tokens (NFTs) - especially now that the crypto market appears to be rebounding from a significant bear market. With coin prices down, it appears that NFTs are not worth what... -
Near Protocol Slips 24% as Fake Block Was Submitted During Weekend
The NEAR Protocol slips 24% in seven days. NEAR failed to halt its previous bearish rally and fell below the $4.00 mark. The crypto market's bearish sentiment harmed investors' confidence and contributed to digital currency losses. Most of the selling... -
Crypto.com Lays off More Workers amid the Crypto Market Crash
The Verge cited unnamed "insiders" within the cryptocurrency exchange as saying that layoffs had persisted throughout the preceding months. Crypto.com's Glassdoor reviews claimed it had secretly fired over a thousand people. It's not just Crypto.com that has had to reduce... -
Facebook Drops from Top 10 US Apps 97x in 2022, 7x in 2021
Facebook has been unable to maintain a consistent position in the Top 10 of the US App Store. BeReal, a new social media app, exploded in popularity around the same time Facebook's foundations shook. Mark Zuckerberg told reporters in 2016... -
Warren Buffett Is Doubling Down on Occidental Petroleum Stock
In the second quarter of 2022, Berkshire Hathaway, which is led by the legendary Warren Buffett, net bought $3.8 billion worth of shares. The Oracle of Omaha doubled down on energy stocks and added to the already large positions in...