WazirX slams external forces for delaying restructuring efforts
This restructuring plan is expected to provide greater clarity on the steps WazirX will take to stabilize its operations and protect its users’ interests.
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Blockchain Payments Firm Bitspark Releases Stablecoin Pegged to Philippine Peso
Payments services firm Bitspark is releasing a cryptocurrency pegged to the Philippine peso (PHP). The development was announced in a press release shared with Cointelegraph on April 25.Bitspark, a blockchain-based bankless money transfer solution, will launch a PHP pegged cryptocurrency for money transfers dubbed “peg.PHP.” The first company to use peg.PHP will reportedly be an…

Litecoin Price Fails to Pass $100 on Day of Halving
All eyes were on Litecoin (LTC) price August 5 as its block reward halving failed to excite markets and produce gains for investors. Litecoin 7-day price chart. Source: Coin360LTC gains fail to materializeData from Coin360 showed Litecoin, which is the fifth-largest cryptocurrency by market cap, trading at around $94 Monday, just one hour before the halving.Once…

Bitmain-linked firm Sophgo denies supplying AI chips to Huawei
Chinese chip manufacturer Xiamen Sophgo has denied having any business relationship with Huawei after being cut off by Taiwan Semiconductor Manufacturing Company.

Sen. Loeffler Rejects Accusations of Improper Trading
Kelly Loeffler appeared on Fox News last night to discuss her sale of more than $1 million in equities the day after she attended a private Senate Health Commission hearing about the coronavirus on Jan 23. Loeffler was formerly the CEO of the digital asset custody service, Bakkt, and is the most-recent appointee to the…

India: Bank Blockchain Consortium Targets Improvements to Small Business Financing
Banks in India are collaborating on a new blockchain platform to remove financing hurdles for micro, small and medium size businesses (MSMEs), local daily news outlet Economic Times reported Jan. 28.A total of eleven banks — including second-biggest lender Kotak Mahindra Bank, State Bank of India and ICICI Bank — are already meeting to discuss…

Bitcoin analysts flag key BTC price points as bulls cling to $26K
Bitcoin (BTC) hit intraday lows after the Sep. 26 Wall Street open as BTC price behavior shunned major volatility. BTC/USD 1-hour chart. Source: TradingViewBinance traders put up thin BTC price resistanceData from Cointelegraph Markets Pro and TradingView showed the largest cryptocurrency acting in a tight range while keeping $26,000 as support.Bitcoin bulls saw several retests of

Michael Saylor’s Strategy plans to offer 5M shares to buy more Bitcoin
Strategy said it would use the net proceeds for its working capital and acquisition of Bitcoin. 2211 Total views 3 Total shares Business intelligence firm and Bitcoin investor Strategy plans to offer 5 million shares of the company’s Series A Perpetual Strife Preferred Stock and use the proceeds to purchase more Bitcoin. In an announcement

‘Mercenary and Baseless’ — Bitfinex Responds to New Lawsuit
Tether-affiliated crypto exchange Bitfinex is battling a new class action complaint, deemed by the firm to be both “mercenary and baseless.”In an announcement published on Nov. 24, the exchange revealed the lawsuit was filed against both companies in the United States District Court for the Western District of Washington two days prior, on Nov. 22…