Solana-Based Ridesharing App Teleport Shuts Down Due to Market Challenges
Teleport ceased operations eight months after its public launch due to insufficient market readiness for decentralised ridesharing.
Fhumulani Lukoto
Fhumulani Lukoto holds a Bachelors Degree in Journalism enabling her to become the writer she is today. Her passion for cryptocurrency and bitcoin started in 2021 when she began producing content in the space. A naturally inquisitive person, she dove head first into all things crypto to gain the huge wealth of knowledge she has today. Based out of Gauteng, South Africa, Fhumulani is a core member of the content team at Coin Insider.
All posts by Fhumulani Lukoto
El Salvador Rushes in New Bitcoin Law to Comply with IMF Deal
The legislation is said to reverse a prior requirement for businesses to accept Bitcoin as a payment method.
China Convicts BKEX Staff for Illegal Gambling via Crypto Contracts
A Chinese court ruled that BKEX’s crypto contract trading was illegal gambling, sentencing employees to prison for unauthorised betting.
Coinbase Gains Approval to Expand Services in Argentina
Coinbase's successful registration in Argentina allows it to provide local payment options and services in Argentine pesos.
Utah House Committee Approves Bill for State to Purchase Cryptocurrency
The bill must now secure a majority vote in Utah’s House and Senate before receiving approval from Governor Spencer Cox.
Global CBDC Development Faces Challenges After US Ban
The US might not find CBDCs particularly useful, but other regions have strong incentives to continue developing wholesale CBDCs.
Brazil Bans Worldcoin from Offering Crypto in Exchange for Eye Scans
Worldcoin, is now prohibited from providing crypto rewards to individuals in Brazil through its iris-scanning digital ID initiative.
Morgan Stanley to Explore Crypto Offerings for Clients
Morgan Stanley is considering adding crypto to its E-Trade trading platform in response to changes in the regulatory environment.
Bitcoin Not a ’Threat to the US Dollar, Says Goldman Sachs CEO
Goldman Sachs CEO David Solomon described the original cryptocurrency as a "fascinating speculative asset."
North Dakota Bill Seeks to Cap Crypto ATM Transactions to Tackle Fraud
Lawmakers in North Dakota have proposed a bill to address crypto ATM transactions to cryptocurrency scams in 2023.
Circle Acquires Hashnote, Ushering in On-Chain Money Fund Revolution
The agreement brings together the issuers of the second-largest stablecoin and the largest on-chain money fund by market capitalisation.
Crypto.com to Launch US Institutional Crypto Investing Platform
The Singaporean crypto conglomerate has increased its US market presence after Donald Trump's presidential win.