Targeting anti-money laundering, the European Union is building a new regulator — “Anti-Money Laundering Authority” (AMLA) — that will direct oversee crypto businesses. Many negotiations remain before the AMLA launch, but all signs are that it’s underway. The EU is set to create a brand new regulator focused on direct crypto oversight. Although the crypto…

Worldwide 2022 New Payments Index consumer polling by Mastercard revealed that crypto payments are rising in popularity worldwide, as 93% of those surveyed have heard of cryptocurrency, and 41% have done at least one crypto-related activity in the past year. However, consumers are still looking for more stability within the industry. Mastercard’s 2022 Global New…

Play-to-earn game Axie Infinity has completely removed the token rewards from its classic game mode to attract its users to a new game mode called Axie Infinity Origin. The team also described the move as part of its efforts to balance the economy for the SLP token. Meantime, the in-game NFT sales so far have…

Breaking crypto news from the last week (Aug. 6 – 12, 2022): Aug. 6: Messari’s latest report indicates that the market pullback in the first half of 2022 did not shake investors’ confidence in the growing crypto industry. As per the report, the overall amount of money raised in the first six months already exceeds…

Strike, the leading blockchain-based startup, entered into a collaboration with financial giant Visa Inc. to offer crypto rewards through its new crypto card. The startup also said that access to the card could be granted by joining a waitlist. Digital currency-based payment protocol Strike, built on the Lightning Network, has announced the launch of a…

Bear markets are difficult as people watch their account balances diminish with the Bitcoin price dropping. There are many things you can do to ease the pain. This is an opinion editorial on Bitcoin Magazine by Boomer, a long-time and active member of the financial independence/retire early (FIRE) movement. Deep down, we all knew this…

Machankura, the South African SMS-based service named after the local slang word “money,” is bridging the gap between Bitcoin and people without internet access. Kgothatso Ngako, the developer of the service, believes that due to this new technology, people in Africa will be able to receive and spend Bitcoin without the need for an internet…

Ethereum token’s price rises as it is moving closer to long-awaited the Merge upgrade. Meanwhile, part of the community led by the prominent miner intends to resist the upcoming shift to ETH 2.0 and create a new, parallel network and cryptocurrency ETHW to preserve the existing Proof-of-Work method and ETH mining. However, Ethereum co-founder Vitalik…

Leon Li, the founder of major crypto exchange Huobi Global, is reportedly in talks to sell his majority stake in the company, which could value the firm at over $3 billion. The deal could be one of the biggest in crypto history. According to Bloomberg, Li is looking to sell almost 60% of the firm…

BlackRock announced Thursday the launch of a private trust that will hold Bitcoin and seek to track the asset’s performance, with Coinbase serving as the trust’s custodian. The news marks a giant leap forward in Bitcoin’s institutional adoption, which brought out a flurry of bold calls. This development comes one week after BlackRock announced a…