Stepn – An App That Pays Users to Move is Under Cyber Attack After Update
Stepn is working not only to eliminate cheating and bots but also to limit the platform’s accessibility to users in mainland China.
PancakeSwap Could be Getting an Investment From Binance Labs
Binace Labs announced a strategic investment into PancakeSwap’s governance and utility token, CAKE.
The Meltdown of Terra has Caused a Big Backstop for TRON’s Stablecoin
USDD launched on May 5th, following the initial blueprint of an algorithmic stablecoin that had limited reserves. TRON claims that it has now overcollateralized stablecoins with a reserve of over 14,000 bitcoin.
Retail Giant Majid Al Futtaim Partners with Binance to Accept Crypto at 29 Malls and 13 Hotels in Dubai
Majid Al Futtaim, a leading shopping mall operator, has partnered up with Binance to allow cryptocurrency payments at its properties and malls. Binance CEO, Binance’s chief executive officer, stated that Majid Al Futtaim was one of the most respected businesses in the Middle East with millions of customers each year.
Code of Conduct Introduced by SIBAN a Nigerian Blockchain Group
Stakeholders in Blockchain Technology Association in Nigeria (SIBAN), a Nigerian advocacy group for blockchain and crypto, recently announced the adoption of a code to conduct for virtual asset service providers in Nigeria. This code of conduct was created by the Nigerian President. It applies to all VASPs in Nigeria.
A Central Banker from Brazil Explains How CBDCs Can Stop Bank Runs from Happening
Brazil’s central bank has been developing mechanisms to prevent citizens from converting to CBDCs during a bank panic.
Bitcoin will Rocket Past Initial $250k Estimate Says Tim Draper
Tim Draper, a venture capitalist, has increased his prediction that bitcoin will reach $250,000 by the end or early next year. He explained, however, why he believes the cryptocurrency’s price will rise beyond his prediction.
$50 Million Real Estate Deal Completed With Crypto in Dubai
An executive at Dubai-based DAMAC Properties stated that the company has “succeeded in concluding realty deals worth $50,000,000 via cryptocurrencies since this year’s beginning.” However, he said that his company faces challenges convincing older generation decision-makers of the benefits of cryptocurrencies, non-fungible tokens and the metaverse.
Bank of Spain Governor Warns Again About the Growing Size of Crypto Markets
Pablo Hernandez de Cos is the governor of the Bank of Spain. He has warned again about cryptocurrency and the rapid growth of the crypto market. Hernandes De Cos said that while the crypto market is still small on a global level, it is now larger than subprime mortgages prior to the 2008 financial crisis. And its connections with traditional finance continue growing.
Bitcoin Bond is Still Not Ready to Launch, Probably Because of the Crash – El Salvador
Alejandro Zelaya stated during a national television news program that the country is not yet ready to launch its $1Billion bitcoin bond. He also answered questions about El Salvador’s bitcoin transactions.
