PayPal launches a stablecoin in latest crypto payments push
PayPal Holdings Inc. is rolling out a stablecoin, the first by a large financial company and a potentially significant boost to the sluggish adoption of digital tokens for payments. PayPal…
Sri Lankans Scammed out of Millions by Fake Crypto Schemes
Ponzi scammers are compounding the economic misery of Sri Lankans by swindling them out of their savings with bogus crypto schemes. Crypto investor Harshana Pathirana told Al Jazeera: “I invested 2.2 million…
Is Cryptocurrency Useful For Sri Lanka Amid Raging Economic Crisis?
Amid ongoing political unrest in the South Asian country, Sri Lanka has issued a warning to its residents against adopting Bitcoin, claiming that it is “mostly uncontrolled.” The nation’s central…
Sri Lanka’s Central Bank Says no Change in its Cryptocurrency Policy
The Central Bank of Sri Lanka (CBSL) announced that Virtual Currencies including Blockchain-based Cryptocurrencies will remain unregulated in Sri Lanka with no regulatory oversight or safeguards relating to their usage…
Bitcoin Enters The Debate Before The Bankruptcy Declared In Sri Lanka
The presidential residence of the Asian country Sri Lanka was taken on July 9 by a massive number of inhabitants protesting the national bankruptcy announced this week. The situation has…
The SORA community invites Sri Lanka to adopt XOR token as legal tender
The SORA community has sent an open letter to the people of Sri Lanka to use the SORA (XOR) token as a legal tender. Currently, Sri Lanka is going through…
Sri Lankans Turn to Unregulated Crypto Amid Crisis; India Moves To Regulate It
By Jai Hamid The pandemic was the start of problems for the economy of Sri Lanka. Many individuals who expected the crisis began looking for ways to survive. Some resorted to…
News Publisher becomes first Corporate Communications agency in Sri Lanka to accept crypto-currency
News Publisher, a modern era Corporate Communications Agency, driven by innovative technology solutions in communications and media recently announced the availability of the option for customers to now pay via…
Russia Develops Blockchain System to Replace Swift
Russia’s Rostec Group is a government organization that includes a number of technology companies. They have announced they have developed a blockchain platform to launch a digital system for international payments capable…
Crypto’s Total Market Cap Slips Below $1 Trillion as Bitcoin Drops Under $24,000
In another sign of the fast approaching crypto winter, the combined market capitalization of all cryptocurrencies crashed to $969 billion on Monday, data from CoinMarketCap shows. The plunge of more than 12%…