Finance world news

Mandy Op.

Mandy Op.

Michael Saylor loses court case over tax evasion

Michael Saylor loses court case over tax evasion

MicroStrategy founder Michael Saylor has lost his case in court regarding non-payment of income taxes and penalties. In August last year, the District of Columbia sued Saylor, claiming he never paid taxes in the district where he lived from 2014 to 2022, and that his company MicroStrategy helped him avoid

Binance launches AI tool for NFT generation

Binance launches AI tool for NFT generation

Binance's CEO announced the launch of an AI product for NFT generation, called Bicasso.

VISA and Mastercard postpone crypto partnerships until market conditions improve.

VISA and Mastercard postpone crypto partnerships until market conditions improve.

Payment giants Visa and Mastercard are suspending new partnerships with cryptocurrency companies after a string of high-profile crashes, Reuters reports. The companies are putting plans on hold until market conditions improve. The company stressed that the new project is in no way related to BAYC or other Ethereum-based collections. Moreover,

Venezuela uses USDT to circumvent sanctions - Chainalysis

Venezuela uses USDT to circumvent sanctions - Chainalysis

Companies in Venezuela use USDT stabilecoin as a way to circumvent sanctions and make payments to foreign partners, according to Chainalysis analysts. But they specify that more often than not firms convert local currency to USDT for another reason - to protect their capital from devaluation. "34% of all small

LayerZero - a solution to the problem of transferring tokens between blockchains

LayerZero - a solution to the problem of transferring tokens between blockchains

Sometimes transferring a token from one blockchain to another requires a lot of hassle and unnecessary actions. But there is a project like LayerZero, where the main idea is to fix those difficulties by creating a new principle of interaction between smart contracts and applications from different networks. This would

Bitcoin Core lead developer resigns

Bitcoin Core lead developer resigns

Programmer Marco Falcke is leaving the Bitcoin Core team. During his development, he recorded the largest number of bitcoin code edits. Falcke's main task was to contribute to making the Bitcoin testing infrastructure more efficient. He also oversaw quality control of the new code. The developer did not give any

Arbitrum surpasses Ethereum in daily transaction volume

Arbitrum surpasses Ethereum in daily transaction volume

From January 1 to February 21, the volume of daily transactions on Arbitrum's tier 2 network increased from 159.9 thousand to 1.103 million. In two months, this figure increased by 590%. The network has surpassed even Ethereum. By comparison, daily transactions on that blockchain increased by just 46%

Mastercard to introduce cryptopayments in DeFi and meta-villages

Mastercard to introduce cryptopayments in DeFi and meta-villages

Payments giant Mastercard has become a partner of Web3 provider Immersve. It will enable crypto-payments in decentralised protocols and metavalleys. It will also be possible to make payments at physical retail outlets that support Mastercard. In this case, the payment will be made through the conversion of USDC into fiat.

FTX Japan to resume withdrawals on 21 February

FTX Japan to resume withdrawals on 21 February

The Japanese subsidiary of bankrupt exchange FTX Japan will resume withdrawals from 21 February. The press release says withdrawals will be available in cryptocurrency and fiat. The withdrawals will be made through Liquid Japan, a Japanese cryptocurrency exchange. Customers should therefore open an account there before transferring their assets.

Galaxy Digital chief expects bitcoin at $30,000 by end of March

Galaxy Digital chief expects bitcoin at $30,000 by end of March

Michael Novogratz predicts that bitcoin will rise to $30,000 in the first quarter of 2023. The head of Galaxy Digital said this at yesterday's Bank of America conference. "When I see the [bitcoin] price move, hear the excitement in the intonation of customers on the phone, and notice the