CryptoSlate Wrapped Daily: BTC short liquidations reach $9M, Ava Labs CEO deems CryptoLeaks’ allegations ‘conspiracy theory’

The biggest news in the cryptoverse for Aug. 29 includes the liquidation of $9 million in Bitcoin shorts, a report showing that the majority of GameFi investors are interested in profit rather than gameplay and Ava Labs’ CEO denying CryptoLeaks’ allegations that it had a deal with law firm Roche Freedman to use “litigation as … Read more

SWIFT considered ‘neutral’ on sanctions; debate sparked on whether Ethereum is the same

The Director of Research at Coin Center Peter Van Valkenburgh raised an interesting point on Monday when he tweeted a screenshot from the SWIFT website detailing the entity’s role in sanctions enacted by “national authorities.” Comments on the tweet immediately compared the information to Ethereum’s role in processing transactions. Send tweet. pic.twitter.com/82IRrRLbDR — Peter Van … Read more

Dubai-based law firm, school to start accepting crypto payments

Ashish Mehta & Associates, Solicitors and Legal Consultants, a Dubai-based law firm, has announced plans to start accepting crypto for payments. Through this integration, the law firm’s clients will be able to pay for services in digital currencies, including Tether (USDT), Bitcoin (BTC), and Ether (ETH). Explaining why the law firm decided to take this … Read more

MetaMask and MoonPay team up to simplify fiat on ramp

MetaMask users can now use Moonpay to top up crypto wallets. Leading payments provider Moonpay has teamed up with leading crypto wallet provider MetaMask to allow users to purchase ETH with mainstream payment methods.  MoonPay is continuing on its mission to onboard the world to Web3. With this collaboration, MoonPay gets access to over 30 … Read more

40% of youngsters want to use crypto for payments, new research reveals

Crypto is rapidly gaining in appeal among younger demographics, with 40% of 18 to 35 year old consumers expressing an intent to use cryptocurrencies — such as bitcoin (BTC), ether (ETH), and stablecoins — to pay for goods or services within the next 12 months, according to a new research report. The report, dubbed “Demystifying … Read more

OpenSea taps MoonPay to enable NFT purchases via bank cards

Non-fungible token (NFT) marketplace OpenSea has teamed up with crypto-focused payment solutions provider MoonPay in order to integrate direct credit and debit card payments on its platform. In a press release published on April 1, MoonPay CEO and co-founder Ivan Soto-Wright noted: “MoonPay’s mission is to unlock ownership and onboard the world to Web3. To … Read more

Cato Institute slams Sen. Warren’s sanctions evasion bill: “collateral damage”

Last week U.S. Senator Elizabeth Warren (D-MA), along with ten other democrat senators, introduced a bill to block cryptocurrency companies from conducting business with sanctioned companies, fearing cryptocurrencies might constitute a vehicle for evading sanctions against Russia in the ongoing war with Ukraine. In short, the Digital Asset Sanctions Compliance Enhancement Act of 2022, as … Read more

Justin Sun gets salty over Ukraine’s airdrop ignoring TRON community

The government of Ukraine, which according to various estimates has already received about $33 million worth of crypto donations, has recently announced an airdrop aimed at its benefactors. However, some expressed dissatisfaction with the fact that certain donors apparently won’t be rewarded for their humanitarian aid. Answering to the humanitarian appeal from @FedorovMykhailo, TRON community … Read more

Why Russia can’t use crypto to evade sanctions

As the war in Ukraine is continuing on its sixth day, sanctions imposed on Russia are both widening and deepening. More and more countries and international institutions are implementing sanctions, and the sanctions already in place are getting tougher on the Russian regime. While sanctions imposed on the infrastructure of traditional finance and payments have … Read more