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Russia’s Sber Bank Aims for Blockchain Integration With Ethereum and Metamask

Russia’s Sber Bank Aims for Blockchain Integration With Ethereum and MetamaskBanking giant Sber wants to integrate its blockchain platform with the Ethereum blockchain and the Metamask wallet. The Russian bank believes the integration will give developers more options and create new opportunities for users when in operations with tokens and smart contracts. Sber Bank to Provide Ethereum and Metamask Support on Proprietary Blockchain The blockchain […]

PayPal’s stablecoin PYUSD joins BVNK’s crypto payment ecosystem

Crypto Exchange Bitfront Shuts Down Amid Industry Challenges

Crypto Exchange Bitfront Shuts Down Amid Industry ChallengesCryptocurrency exchange Bitfront has announced its intention to cease operations in the coming months, citing challenges facing the industry. The U.S. trading platform, backed by Japan’s social media giant Line, indicated the decision is unrelated to the collapse of FTX. Line-Supported Digital Asset Exchange Bitfront Suspends New Sign-ups Bitfront, a crypto exchange operating in the […]

PayPal’s stablecoin PYUSD joins BVNK’s crypto payment ecosystem

Amendments to Russia’s Digital Asset Law Aim to Allow Mining, Ban Crypto Exchange and Ads

Amendments to Russia’s Digital Asset Law Aim to Allow Mining, Ban Crypto Exchange and AdsRussian lawmakers have proposed changes to the current law “On Digital Financial Assets” in order to regulate crypto mining while banning the circulation of cryptocurrencies in the country. The legislation also prohibits the non-targeted advertising of crypto-related products and services. New Attempt to Legalize Cryptocurrency Mining in Russia After months of deliberations, efforts continue in […]

PayPal’s stablecoin PYUSD joins BVNK’s crypto payment ecosystem

WhatsApp down again? Google Trends spike after the outage

As WhatsApp goes down once again, there are a number of alternative platforms that are popular alternatives in the cryptocurrency space.

Some two billion WhatsApp users were left without service on Oct. 25 as the biggest messaging application worldwide went offline. Meta, the owner of Facebook and WhatsApp, is yet to clarify what led to the outage.

Users took to social media platforms like Twitter to share hilarious memes about the outage, with many flocking to alternative social media platforms to find out if they were alone in their lack of service. A similar situation took place in October 2021, with Facebook, Instagram and WhatsApp going down for more than 24 hours due to a “server configuration change.”

This time around, the outage was fairly short-lived, with WhatsApp restoring messaging services within a few hours of the initial outage. Nevertheless, questions about alternative messaging applications came to the fore once again.

Google Trends data highlights the surge in searches relating to WhatsApp around the globe on Oct. 25 as users tried to find out what had happened to the world’s most popular messaging app. Singapore, United Arab Emirates, Italy, Netherlands, Pakistan and South Africa were among the countries with the highest number of WhatsApp-related queries following the blackout.

The cryptocurrency community has long held privacy and encryption in high regard, and as such, a number of WhatsApp competitors have been endorsed as growing alternatives. 

Telegram has grown its user base steadily over the past few years, with founder and CEO Pavel Durov pinning the platform’s user base at 700 million users in October 2022. Telegram allows users to send end-to-end encrypted messages, photos and videos, share files, and create large groups or channels of up to 200,000 people for broadcasting purposes.

Related: This is what your email could look like in Web3

Signal commands a user base of some 40 million people around the world, and its privacy features are touted as industry-leading. Its open-source, end-to-end encryption means that Signal and third parties cannot read or listen to a user's messages or conversations.

Discord is a growing player in the instant messaging app space, already popular among gamers as a major voice-over-IP service. The platform is touted to serve over 140 million users that make use of its voice and video calls, text messaging, media and file sharing capabilities and server hosting.

Line is another alternative messaging service used by some 178 million users across the East Asia region. It integrates text messaging, voice and video calls with a bouquet of services, including a wallet app, gaming and music streaming services.

A decentralized alternative that bypasses the need for central servers or services is also an option. Keet, developed by Bitfinex and Tether-backed development firm Holepunch, offers a desktop-based peer-to-peer messaging application for text and video calling. 

PayPal’s stablecoin PYUSD joins BVNK’s crypto payment ecosystem

Binance Obtains Registration as Crypto Service Provider in Cyprus

Binance Obtains Registration as Crypto Service Provider in CyprusCryptocurrency exchange Binance will be able to offer services for digital assets in Cyprus as the platform is now registered with the country’s securities regulator. The news comes after the company obtained similar approvals in several other European jurisdictions. Global Exchange Binance to Comply With Cyprus Crypto Regulations Binance, the world’s leading crypto exchange in […]

PayPal’s stablecoin PYUSD joins BVNK’s crypto payment ecosystem

Localbitcoins, Crypto.com, Other Providers Suspend Services for Russians Under EU Rules

Localbitcoins, Crypto.com, Other Providers Suspend Services for Russians Under EU RulesComplying with the latest EU sanctions targeting Russia, well-known cryptocurrency platforms like Localbitcoins, Blockchain.com, and Crypto.com have started to restrict or terminate services for Russian accounts. The moves follow the adoption of new European penalties in response to Moscow’s military escalation in Ukraine. Major Crypto Platforms Conform to EU Measures, Restrict Services for Russian Users […]

PayPal’s stablecoin PYUSD joins BVNK’s crypto payment ecosystem

Crypto Exchanges Still Available to Russians Despite Latest EU Sanctions, Report Unveils

Crypto Exchanges Still Available to Russians Despite Latest EU Sanctions, Report UnveilsA list of crypto exchanges, including global platforms, have not introduced new restrictions on Russian users after the EU’s most recent sanctions round, Russian crypto media reported. The latest European penalties target an array of crypto-related services to increase pressure on Russia amid an escalating conflict in Ukraine. Major Exchanges Continue to Work in Russia […]

PayPal’s stablecoin PYUSD joins BVNK’s crypto payment ecosystem

Binance Licensed in Kazakhstan as Provider of Crypto Exchange and Custody Services

Binance Licensed in Kazakhstan as Provider of Crypto Exchange and Custody ServicesAuthorities in Kazakhstan have granted Binance a license to operate as a digital asset platform and provide an array of relevant services. While working out of the nation’s financial hub in the capital Nur-Sultan, the crypto exchange will offer registration to customers from other countries as well. Crypto Exchange Binance Receives License to Operate From […]

PayPal’s stablecoin PYUSD joins BVNK’s crypto payment ecosystem

EU Bans Crypto Services for Russians in New Sanctions Over Ukraine Escalation

EU Bans Crypto Services for Russians in New Sanctions Over Ukraine EscalationAn array of crypto-related services have been targeted in the latest round of sanctions on Russia approved by the EU. The measures are part of an expected tightening of the economic and financial restrictions in response to Moscow’s decision to annex Ukrainian territories. EU Council Adopts Full Ban on Crypto Wallet and Custody Services for […]

PayPal’s stablecoin PYUSD joins BVNK’s crypto payment ecosystem

Binance Obtains In-principle Approval to Operate With Cryptocurrencies in Kazakhstan

Binance Obtains In-principle Approval to Operate With Cryptocurrencies in KazakhstanCrypto exchange Binance has been granted preliminary approval to offer trading and custody services for digital assets in Kazakhstan. The exchange is yet to complete the full application process but the development has already been hailed as a landmark achievement for the company in the Central Asian nation which only recently took steps to regulate […]

PayPal’s stablecoin PYUSD joins BVNK’s crypto payment ecosystem