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RyanAir CEO Declares Bitcoin a Ponzi Scheme, Urges Public Boycott
RyanAir CEO Michael O’Leary has declared Bitcoin (BTC) a Ponzi scheme and has urged the boycott of the premier digital currency.
BTSE Offers Users the Chance to Collect Interest on Their Idle Crypto Holdings
BTSE, the UAE based digital exchange, has big plans for their ecosystem. They have recently launched the latest development in what they call their “comprehensive digital bank at the juxtaposition of crypto and fiat.”
FTX Founder Sam Bankman-Fried Pleads for a Weekday Release Ahead of October Fraud trial
FTX founder Sam Bankman-Fried has sought weekday release from Brooklyn's Metropolitan Detention Center after a federal court revoked his $250 million bond for witness tampering. SBF says that the government's voluminous case materials cannot be reviewed while confined.
LINE to Offer BTC, ETH for Payment Options and Introduce token in March
Messenger app LINE is considering adding cryptocurrencies to its payment options and officially launching its native LINK token (LN) in March.
India's Aadhaar Card Redesign: Only Photo and QR Code: A New Era for Privacy and Digital Identity
India's Aadhaar card will be redesigned to feature only a photo and QR code, enhancing privacy and reducing identity theft risks while aligning with new data protection laws.
Declining trend in physical crypto ATMs
The number of physical cryptocurrency ATMs is declining, with 3,627 removed in March 2023, according to Coin ATM Radar. The trend of increasing installations is reversing, with the highest number of machines installed in a single month being 2,048 in January 2021. The three-month-long downtrend was broken in April with 37 installations. General Bytes, BitAccess, and Genesis Coin are the current market leaders in manufacturing crypto ATMs. General Bytes faced a security incident in March and promised to reimburse customer losses.
EY-Led Consortium Submits Bid To Help Develop South Korea's CBDC
A consortium led by Ernst & Young has made the first and only bid to construct the business model for the Bank of Korea’s Central Bank Digital Currency project.
US authorities consider expanding credit line for banks
US authorities are considering expanding an emergency credit line for banks to provide First Republic Bank with a time buffer to address balance sheet concerns, according to Bloomberg sources. The bank is deemed stable enough to operate without immediate intervention.
India's Aadhaar Card Redesign: A New Era for Privacy and Digital Identity
India's Aadhaar card redesign will feature only a photo and QR code, enhancing privacy and security while reducing identity theft risk in the digital age.
Crypto Messaging Platform Lines Raises $4M in Seed Round
Crypto messaging platform Lines has raised $4 million in a seed round. The company aims to build an app to solve issues like no verifiable communications platform in the industry.
Margin Trading And Lending On The Crypto Market
In recent years, many of you who are interested in crypto, probably have noticed the continuous growth of the number of new exchange products that help earn from lending and margin trade.
Gambling Rings Use Cryptocurrency to Transfer $145.5 Billion of Funds Outside China Every Year, Official Report Reveals
Government officials identified that cryptocurrencies are used to collect and transfer 1 trillion yuan out of China to online gambling and casinos every year.