BNY Mellon Enters the Bitcoin Space

Bank of New York  Mellon, one of the oldest banks in the United States, created history on 11th Feb 2021 with the announcement of entering the lucrative world of digital currency. BNY Mellon has followed the upward growing trend of bitcoin; as per the news report, the value of bitcoin reached a record-breaking all-time high […]

3-way Partnership: LuLu Exchange, Federal Bank, and RippleNet

LuLu International Exchange, a financial service provider and market leader in the foreign exchange space, has entered into a strategic partnership with Federal Bank exchange, a foreign exchange bank in India, in association with RippleNet Cloud, a global payment exchange. LuLu Exchange identified the need to improve cross-border transactions between India and the UAE. Since […]

Nigeria’s SEC suspends planned crypto regulations amid central bank ban

Nigeria’s securities regulator has backed the central bank’s crypto ban by suspending its planned regulatory framework for digital assets. The Nigerian Securities and Exchange Commission has put its plans for regulating cryptocurrencies on hold following the recent ban by the central bank prohibiting financial institutions from servicing crypto exchanges. In an emailed statement quoted by […]

Massive 70 MW Bitcoin Mining Rig Shipped to Russia

Big moves are happening within the bitcoin mining industry in Russia. An unnamed miner sent what seems to be the largest single batch of mining equipment to the country. Delivery Took Place at the End of 2020 According to Kommersant, the unknown miner shipped almost 20,000 devices on 14 trucks, which have a total power […]