Crypto News
El Salvador mandates Bitcoin usage via Chivo wallet…or so it seems
During the last day preceding the controversial Bitcoin (BTC) legislation coming into effect in El Salvador, the legal advisor to the presidency, Javier Argueta, got caught in the local media web as contradictory statements about the obligation of entrepreneurs to use the government’s official digital wallet, dubbed Chivo, flooded the headlines.
cryptoslate.com
This is what led to the $400 Billion Wipe-Off From the Crypto Market
The crypto market experienced its first major pullback post-August gains on Tuesday as the majority of crypto assets lost their monthly gains in a matter of few hours. The total crypto market cap fell below $2 trillion momentarily before climbing back, but the net loss over the past 24-hours reached over $400 billion.
coingape.com
US SEC threatens to sue Coinbase if it moves forward with its product called Lend.
The US Securities and Exchange Commission (SEC) has warned it will sue if Coinbase moves forward with a plan to offer a new product called Lend that would pay stablecoin owners 4% interest on their savings. The unexpected move is a setback for Coinbase and could spell trouble for other firms that offer high-yield crypto products.
coinnounce.com
Ethair Market Is Taking on Amazon and eBay in a Move to Revolutionize the World of E-Commerce
Ethair Market is a next generation online global marketplace where you can trade goods using fiat or cryptocurrency and earn points on every purchase. The marketplace is soon to be launched in the U.S. and Canada, with fiat payments support lined up for 43 more countries. You can earn ETHR tokens now as an early registration reward and future developments such as an NFT marketplace integration are already in the works.
bitcoin.com
El Salvador says merchants must process BTC transactions — or they may face action
In an interview with local media, Javier Argueta, the legal counsel to the Presidential House of El Salvador, clarified the obligations of businesses the day before the country’s controversial Bitcoin Law recognizing BTC as legal tender took effect.
cointelegraph.com
MoonPirate responds to accusations it is just another Binance Smart Chain “rug pull”
MoonPirate collapses less than half a year after launching on the Binance Smart Chain (BSC), leaving many to question if it was a thinly veiled scam from the start. Given the history of dodgy projects on the BSC, this latest incident does little to dispel such associations.
cryptoslate.com
Former Reserve Bank official pushes for India to accept crypto
The former Deputy Governor of the Reserve Bank of India (RBI) has spoken out about the nation’s financial and crypto ecosystem and stated that digital assets need to be accepted.
cointelegraph.com
Afterpay tells Senate inquiry crypto could slash merchant payment costs
Australian buy now pay later (BNPL) firm Afterpay believes that local merchants can slash payment costs by utilizing cryptocurrencies.
cointelegraph.com