Crypto.com mistakenly transferred $400 million to the incorrect person, but this time they got it back.

Crypto.com mistakenly transferred $400 million to the incorrect person, but this time they got it back. Recently, Crypto.com admits to committing yet another very significant and worrying clerical error: around three weeks ago, it transferred 320,000 in Ethereum (or roughly $416 million USD) to another cryptocurrency exchange named Gate.io by mistake (via Web3 Is Going […]

November 13, 2022 Sirr_Kollins

New York Lawmakers Pass Bill to Limit Cryptocurrency Mining Operations Burning Fossil Fuels

New York Legislators Pass Bill to Limit Cryptocurrency Mining Operations Burning Fossil Fuels. New York legislators have enacted a landmark environmental bill aimed at slowing the growth of bitcoin mining businesses that use fossil fuels. Both advocates and opponents claim that the widely watched law, which passed the state Senate early Friday, is the first […]

June 5, 2022 Sirr_Kollins

How to Send Overseas Remittances using Bitcoin

How to Send Overseas Remittances using Bitcoin Cheap, fast, and convenient—these are the hopes for every transaction if you often transfer money to your friends and loved ones abroad. But we all know that reality can sometimes be the polar opposite of what we expect. Money transfers are often expensive, rarely instantaneous, and almost nowhere […]

November 7, 2021 Sirr_Kollins

Sri Lanka establishes a committee to oversee blockchain and cryptocurrency development.

The Sri Lankan government has formed an eight-member commission. As part of the newly established committed, fintech specialists and banking authorities have been enlisted. The committee members will be observing the laws and regulations put in place by other countries that embrace cryptocurrencies as part of their investigation. Concerns aside, Sri Lanka will look at […]

October 11, 2021 Sirr_Kollins

5 more countries to accept Bitcoin as legal tender – Bitmex CEO

By the end of next year, five countries will accept Bitcoin as legal tender, according to Bitmex CEO. At least five nations will adopt bitcoin as legal cash by the end of next year, according to the CEO of cryptocurrency exchange Bitmex. He explained why he came to this conclusion by citing three crucial factors. […]

October 11, 2021 Sirr_Kollins