The National Commission for the Securities Market of Spain (CNMV) commissioned a study, thanks to which it found out that the level of acceptance of cryptocurrencies in the country is quite low. A Grupo Analisis e Investigacion study report says that only three out of four Spaniards have heard of cryptocurrencies. However, people’s knowledge is still very limited: only 1.4% of those surveyed are well versed in digital assets. Most respondents lack knowledge of cryptography

The Court of the British Virgin Islands has ruled on the results of a case involving Three Arrows Capital’s loss-making activities as a result of the recent sharp downturn in the cryptocurrency markets. The court ruled to liquidate the crypto hedge fund Three Arrows Capital (TAC). Partners from the New York-based consulting firm Teneo Restructuring were called in to help with the company’s insolvency case. The question of the form of repayment of TAC debt

The Central Bank of Morocco has begun drafting legislation to control cryptocurrencies and combat illegal activities in the digital industry. Central Bank Governor Abdellatif Jouahri said the bill would be submitted soon. The development is carried out by the International Monetary Fund (IMF) and the World Bank. The regulator is also consulting with the central banks of France, Sweden and Switzerland, who share their experience in regulating cryptocurrencies. Juahri assured that the updated regulatory framework,

Director of Government Relations for Southern Europe at American Express believes that it is not profitable to pay with cryptocurrencies now. Gonzalo Pérez del Arco at the European Blockchain Convention 2022 spoke about the plans of the American Express payment system related to cryptocurrencies. He named several factors that hinder the introduction of digital currencies in the field of payments: high commissions for conducting transactions and the unwillingness of most merchants to accept payments in

Yuga Labs filed a lawsuit over copyright infringement of the Bored Ape series of non-fungible tokens and disruption of economic activity, as a result of which developers may incur losses. Bored Ape, founder of the NFT Yacht Club, tweeted that the application was filed on June 24 in the District Court of Central California. The studio suspects artist Rider Ripps and his partners of infringement, who, the plaintiffs insist, created and sold “fake copies of

Lending platform Nexo, in response to an accusation by a Twitter user of embezzling funds for charity, warned that it could take the slanderer to justice. Otteroooo published a series of posts alleging that the founder of Nexo and members of his family were siphoning off funds from HelpKarma, a children’s health charity in Bulgaria. Nexo representatives allegedly used the donations to buy real estate and fund “lavish personal travel.” Otteroooo elaborated that Nexo has

One of the largest Chinese software developers Tencent announced the creation of a division that will cover all initiatives for the company’s entry into the metaverse market. The company plans to produce both software and hardware products for the Metaverse. This means that Tencent will compete with giants such as Microsoft and Meta. The new division, which will be led by the company’s CTO Li Shen, will be unlike any existing at Tencent. The company

A themed restaurant in California, named after the Bored Ape Yacht Club cryptocurrency project, has stopped accepting ApeCoin and Ethereum from visitors. Bored & Hungry was originally opened to reflect the bored monkey project aesthetic of the Bored Ape Yacht Club (BAYC). The walls are adorned with memes and NFT images in the form of collectible token characters. Recognizable drawings are present even on the dishes. In April, the restaurant announced that it would accept

It’s not every day that you come across a broker with a vision to make a positive impact beyond the world of finance. CedarFX, however, is changing that perception. The leading online broker has recently launched a revolutionary Eco Account option to its traders, making it the first-ever Eco-conscious broker to exist! Through their various account options, CedarFX is dedicated to helping traders reach higher by offering ultra-high leverage and low spreads. Traders can get

Hardware wallet makers have announced that Ledger Enterprise sales have nearly quintupled amid the turmoil in the cryptocurrency market. Asked by reporters about the impact of the market downturn on the company, Ledger CMO Ian Rogers clarified that sales “jumped 4.5 times in a day on the news of the Celsius platform issues” and continue to be high: “Sales are highly correlated with the outflow of money from cryptocurrency exchanges. Therefore, the more information people