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Venezuela to pay social benefits in state-backed cryptocurrency

Venezuela to pay social benefits in state-backed cryptocurrency

According to Venezuela's President Nicolas Maduro, the government has to take unconventional measures to combat inflation. The head of state has suggested paying social benefits in the national cryptocurrency Petro.The President is confident that such a step will help enhance financial and economic stability in the country.
15:25 2021-05-13 UTC+00
ETH reaches new record highs

ETH reaches new record highs

On Monday, May 3, Ethereum (ETH) reached a new record high. On Sunday, May 2, the price of the second cryptocurrency hit $2,950.According to analysts, just in one day, the cryptocurrency advanced by 2%, whereas in the previous month, it showed an incredible 45% rise. At the moment, ether market capitalization exceeds $335 billion.
11:23 2021-05-13 UTC+00
Apple files lawsuit against Russia's Federal Antimonopoly Service

Apple files lawsuit against Russia's Federal Antimonopoly Service

US tech giant Apple has decided to challenge the Russian antitrust authority’s $12 million fine over unfair competition.The Federal Antimonopoly Service (FAS) claims that the Silicon Valley tech giant abuses its dominant position in the app market. Notably, the dispute has been going on since 2019 after a complaint from Kaspersky Lab.
11:21 2021-05-13 UTC+00
Musk sells Tesla’s BTC to prove its liquidity as cash alternative

Musk sells Tesla’s BTC to prove its liquidity as cash alternative

Elon Musk has decided to show how reliable bitcoin can be as a form of payment. He sold 10% of Tesla’s bitcoin holdings. At the same, Musk chose to retain his personal investment in the cryptocurrency. According to the company’s report, selling of 10% of BTC purchased in early 2021 brought Tesla $101 million in income. Back then, Musk invested over $1 billion in the flagship cryptocurrency.
09:02 2021-05-13 UTC+00
Turkey’s largest crypto exchanges shut down stealing customers’ money

Turkey’s largest crypto exchanges shut down stealing customers’ money

The Turkish authorities are putting pressure on the local crypto market. The country is planning to ban digital currency circulation. As a result, Turkish crypto exchanges are closing one after another, leaving their clients without money.In April, Thodex, a crypto firm based in Turkey, was closed. A daily turnover of the second most popular crypto exchange in the country totaled $770 million.
08:59 2021-05-13 UTC+00
France to worsen banking relations with UK

France to worsen banking relations with UK

The relations between the UK and France have always been like thin ice. However, for many years, the countries have had almost no reason to quarrel. Yet, the apple of discord became the consequences of Brexit. Paris is confident that London does not comply with the obligations assumed under the signed post-Brexit agreement.
08:56 2021-05-13 UTC+00
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