Krasimir Buchvarov

Krasimir has been following the development of blockchain technology for several years and is optimistic about its potential. He covers breaking news in the sphere, focusing on innovation, regulation, and the cryptocurrency market.

Turkish Crypto Exchange Under Investigation for Fraud

  • The investigation of Thodex began only a week after the Turkish central bank announce it was banning the use of crypto for payments.
  • It is alleged the company's CEO fled the country only a day after the exchange halted crypto trading and withdrawals.

EU Regulators Examining Binance’s Stock Tokens

  • The U.K. FCA is reportedly working with Binance to better understand the stock tokens, and what regulation may apply to them.
  • Binance said a prospectus was not required as the tokens were not settled in fiat currency, but in Binance USD (BUSD).

Facebook’s Diem Expected to Launch Stablecoin Pilot in 2021

  • While there was no confirmed date for the launch of the pilot, sources have said it will involve a single stablecoin tied to the U.S. dollar.
  • The pilot is expected to be a small-scale one, mainly focusing on payments between individual consumers.

Uniswap V3 Deployed to Testnets

  • The third iteration of Uniswap is now available on the Ropsten, Rinkeby, Kovan, and Goerli Ethereum testnets.
  • Set to launch on the mainnet on 5 May, Uniswap V3 will introduce a number of new features, such as concentrated liquidity and a multiple fee tier system.

PayPal’s Venmo Launches Crypto Trading Service

  • The new "Crypto on Venmo" service will be made widely available to Venmo's 70 million customers within a "few weeks".
  • Similarly to PayPal, crypto trading on Venmo will be limited to Bitcoin, Ethereum, Litecoin, and Bitcoin Cash.

Signature Bank Becomes Circle’s Banking Partner

  • With the partnership, Signature will become one of the leading financial institutions to hold billions of USDC reserve funds.
  • By integrating with Signature's Signet payments platform, Circle is opening the door to future integrations of products and services within the bank.

Bitcoin’s Lightning Network Now Live on OKEx

  • The layer-2 scaling solution is currently available on the OKEx desktop website and is yet to go mobile.
  • The integration will benefit the entire Bitcoin ecosystem, as it will increase the number of participating lightning network nodes.

China’s Central Bank Sees Crypto Assets as ‘Investment Alternatives’

  • China seems to finally recognise the investment potential of crypto, with a deputy governor of the PBoC stating that Bitcoin and stablecoins were investment alternatives.
  • The bank will "continue to maintain the current measures and practices", until it has figured how to prevent digital assets from creating a serious financial risk.

Turkey’s Central Bank Bans Use of Crypto For Payments

  • The Central Bank of the Republic of Turkey will also prevent payment providers from providing fiat onramps for crypto exchanges.
  • Citizens who exclusively use payment providers as fiat-to-crypto gateways now have two weeks to clear their balances.

OpenEthereum Experiencing Sync Issues Amid Berlin Upgrade

  • Shortly after the Berlin upgrade was activated, the Ethereum software client malfunctioned, and is now stuck on block 12,244,294.
  • Popular crypto companies, such as Coinbase and Ledger, are now experiencing issues with their ETH and ETC-20 services.