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CELSIUS NETWORK FILES CHAPTER 11 BANKRUPTCY
October 23, 2022
Recent News
The US House Agriculture Committee Approves the Pro-Crypto Bill
July 28, 2023
After much planning by members of both parties, the Republican bill, entitled FIT for the 21st Century, was created by two House committees and approved. The Financial Innovation and Technology for the 21st Century Act was discussed carefully on July 27 by the US House of Representatives Agricultural Committee. The committee moved through a number […]
Chinese And Indian Investment Professionals Strongly Favor CBDC: Recent Survey
July 27, 2023
The central bank digital currency (CBDC) perspectives of the members of the CFA Institute, the organization that awards the Chartered Financial Analyst certificate, were investigated as part of a demand-side analysis of the financial technology. According to the study, respondents had a wide range of viewpoints that varied by area and even by age. Generally […]
Putin signs legislation establishing the Russian digital ruble
July 25, 2023
According to a formal government document, President Vladimir Putin signed the measure establishing the digital ruble into law on July 24, advancing Russia’s central bank digital currency (CBDC). The digital ruble law is now officially set to go into effect on August 1, 2023, with all but one rule prepared for enforcement. However, the governor […]
Counties In Arkansas Hurry To Enact Noise Restrictions For Cryptocurrency Miners
July 24, 2023
According to local media sources, some counties in the American state of Arkansas are scrambling to adopt emergency legislation allowing them to regulate noise and other crypto-mining-related activities before a new state law takes effect on August 1. The new state law creates standards for miners and safeguards them from unfair regulations and fees by […]
Indonesia Launches Cryptocurrency Exchange And Clearing House
July 21, 2023
The national cryptocurrency exchange run by the Indonesian government reportedly started operating a week ago, according to a statement from Bappebti, the agency in charge of supervising commodity futures trading in Indonesia. The platform will be the sole location in the nation where the trade of digital assets will be permitted legally. The inauguration of […]
Kuwait Bans Crypto And Virtual Assets Transactions
July 20, 2023
The Capital Markets Authority (CMA), the primary financial regulator in Kuwait, released a circular on the oversight and issuance of virtual assets in the nation on July 18. The commitment to “absolute prohibition” on significant cryptocurrency use cases and operations, including payments, investments, and mining, was reaffirmed by the CMA in the circular. The Capital […]
FSB Completes Its Recommendations For A Global Crypto Framework
July 17, 2023
The Financial Stability Board (FSB), an international agency that oversees the global financial system, has developed a global regulatory framework for cryptocurrency. The G20 recommendations, which are proposed to the world’s 20 top economies, are based on the idea of “same activity, same risk, and same regulation.” To minimize conflicts of interest, crypto platforms must […]
After Ripple’s Partial Victory Before The SEC, XRP Rises To Become The Fourth-Largest Cryptocurrency
July 14, 2023
After Ripple Labs’ partial victory before the Securities and Exchange Commission (SEC) on July 13, Ripple has now overtaken Bitcoin to become the fourth-largest cryptocurrency by market valuation. Within hours following the decision, the market capitalization of XRP increased by a staggering $21.2 billion to hit a new yearly high of $46.1 billion, moving it […]
Europe’s Top Bitcoin ETF Plans To Launch In 2023 Following A One-Year Delay
July 13, 2023
After a lengthy delay, the first Bitcoin exchange-traded fund (ETF) in Europe is scheduled to launch later this year. In July 2022, the Jacobi Asset Management Bitcoin ETF was scheduled to make its debut on the Euronext Amsterdam exchange. Jacobi Asset Management is a London-based multi-asset investing platform. In October 2021, the Guernsey financial authority […]
Russian Parliament Approves Digital Ruble Bill
July 12, 2023
The Russian central bank’s (CBDC) attempt to create a digital ruble has made progress. The State Duma, the lower house of the Federal Assembly of the Russian Federation, adopted the third reading of the bill establishing the digital ruble on July 11. The plan will now be considered by the Federation Council, the assembly’s upper […]
In 2022, The Market For Crypto Custody Surpassed $448 Billion
July 11, 2023
According to a July 11 report co-authored by wealth technology company Aspen Digital and consulting firm PricewaterhouseCoopers (PwC) on the custody of digital assets. In November 2021, the digital asset market peaked at approximately $3 trillion. The custodial segment of the market, however, stayed at the lower level of $447.9 billion in 2022. Reportedly, there […]
Binance Refers Users To Coinmerce As The Former Exits The Netherlands
July 7, 2023
With Coinmerce winding down operations in the Netherlands, the two parties have agreed to refer users of the global cryptocurrency exchange Binance. As Binance discontinues operations, reportedly hundreds of thousands of customers living in the Netherlands will be given the chance to transfer their assets for free to Coinmerce. In a blog post on July […]
Due To A Regulatory Lawsuit, The Binance.US Market Share Falls Below 1%
July 6, 2023
A Securities and Exchange Commission lawsuit is said to have caused a decline in Binance.US’s market share in the United States, whereas Coinbase saw an approximately 7% increase in June. According to reports, the federal financial regulators’ lawsuit caused Binance.US, a cryptocurrency exchange with headquarters in the United States, to witness a more than 20% […]
India In Talks With International Central Banks Over Cross-Border CBDC Payments
July 5, 2023
The Reserve Bank of India is presently in talks with at least 18 other nations regarding the potential for cross-border payments using its CBDC, the “digital rupee.” The CBDC looks forward to increasing the country’s capacity for international trade with countries, without U.S. dollar reserves. The Economic Times published an article on June 27 regarding […]
Jinan, The Chinese City Accepts CBDC Payments For Bus Rides
July 4, 2023
By implementing digital yuan payments on all of its bus lines, Jinan, the capital of eastern China’s Shandong Province, has begun promoting the adoption of the nation’s central bank digital currency (CBDC). The city evaluated the implementation of CBDC payments on two bus lines during its trial period and declared that it has adopted the […]
Binance Destroys 2.65 Billion Tokens During The 11th LUNC Burn
July 3, 2023
In its 11th burn round, Binance, the biggest cryptocurrency exchange in the world, burnt 2.65 billion Terra Classic (LUNC) tokens. Binance has already destroyed more than 35.5 billion LUNC tokens in total, and the community has burned more than 68 billion. The burn has been well received by investors as seen by the 3% price […]
US House Prohibits Members From Using All Chatbots Except ChatGpt Plus
June 27, 2023
The restriction comes only days after the House presented legislation to establish a government artificial intelligence panel. The United States House of Representatives has passed new regulations prohibiting members from using artificial intelligence (AI) big language models, with the exception of OpenAI’s ChatGPT Plus service. Chatbot has been banned for security reasons, according to a […]
HSBC Launches Cryptocurrency Services In Hong Kong
June 26, 2023
The three popular crypto ETFs that are listed on the Hong Kong Stock Exchange seem to be accessible for trading at Hong Kong’s largest bank. Hong Kong and Shanghai Banking Corporation (HSBC) which is the city’s largest bank have introduced its first local cryptocurrency services. The local writer Colin Wu tweeted about the same stating that HSBC […]
Bitcoin ETF Is Now Available On The Euronext Amsterdam Stock Market
June 22, 2023
The Netherlands has welcomed the launch of a new equity exchange-traded fund (ETF) that will provide investors with exposure to a basket of Bitcoin-related corporate equities. On June 22, the Bitcoin Equities ETF launched by French investment firm Melanion Capital began trading on the Euronext Amsterdam Stock Exchange, presenting an equities-based strategy for investing in […]
US Lawmakers Introduce National AI Commission Act
June 21, 2023
A group of United States lawmakers introduced a bill to establish a commission on the approach toward artificial intelligence. On June 20, a bipartisan group of United States lawmakers introduced a bill to establish a commission to study the country’s approach toward artificial intelligence (AI). The bill’s primary objective revolves around establishing regulations in the […]
For The First Time In Two Years, Bitcoin Has Achieved 50% Market Domination
June 20, 2023
According to TradingView statistics, Bitcoin dominance peaked at just over 50% on June 19 at 6 p.m. UTC and has subsequently fallen to 49.9% at the time of publishing. This indicates that Bitcoin alone accounts for half of the cryptocurrency’s overall market capitalization of $1.1 trillion. According to Coingecko statistics, the current market valuation of […]
Binance Cancels Its UK Registration Due To Regulatory Scrutiny
June 19, 2023
According to a regional manager, Binance’s deregistration with the FCA had no practical consequence because it has never done business in the United Kingdom. Binance, the troubled cryptocurrency exchange, continues to withdraw from major regions in the face of mounting regulatory pressure worldwide. Binance Markets Limited (BML), Binance’s subsidiary in the United Kingdom, has formally […]
June 16, 2023
The Federal Reserve and the Securities and Exchange Commission (SEC) are currently investigating Goldman Sachs’ involvement in the purchase of Silicon Valley Bank’s securities portfolio prior to the bank’s collapse, according to The Wall Street Journal, citing sources familiar with the matter. According to the article, both agencies are looking into Goldman Sachs’ behavior during […]
Binance Announces Bitcoin Mining Cloud Services In The Midst Of An SEC Crackdown In The US
June 15, 2023
Crypto exchange Binance announced the introduction of new subscription-based Bitcoin mining solutions. Users interested in Bitcoin mining but lacking the necessary equipment can subscribe to Binance’s cloud mining services and purchase hashrates beginning June 15. The hashrate is the amount of computing power necessary to confirm and legitimize Bitcoin transactions on the blockchain. Binance is […]
Ripple Applauds Mica Legislation As A US Lawsuit Reveals Ambiguity
June 14, 2023
Despite the ongoing legal struggle with the US SEC over its XRP coin, Ripple’s payment services continue to gain global recognition. Recently, Ripple’s managing director, Sendi Young, shared with Cointelegraph about the company’s increasing remit worldwide. Over the last year, cryptocurrency exchanges and businesses have fought with US authorities relating to the lack of legal […]
Polygon 2.0 To Upgrade Itself For Tapping Into the “Value Layer” Of the Internet
June 13, 2023
Recently, Polygon Labs has announced “Polygon 2.0” which is a set of upgrades that aims to establish the “ value layer” of the internet. The company also shared that it will allow users to create, exchange, and program value with the latest upgrade. As shared on Twitter, Polygon 2.0 has radically reimagined almost all aspects […]
Binance.US Pauses USD Deposits And Warns Of A Slowdown In Fiat Withdrawals
June 9, 2023
Binance.US declared on June 9 that it has been obliged to take action due to “extremely aggressive and intimidating tactics” from the US Securities and Exchange Commission. Besides announcing the suspension of US currency deposits it has alerted its clients of an impending halt to fiat (USD) withdrawal channels as early as June 13. Binance.US […]
CommonWealth Bank Halts Certain Payments To Crypto Exchanges
June 8, 2023
Commonwealth Bank which is the largest bank in Australia stated that it would decline or temporarily hold on to certain payments to cryptocurrency exchanges. At the same time, there are vast scales of “investment scams” in the entire crypto ecosystem. This move of Commonwealth Bank came ahead while two major global exchanges were facing a […]
Bitcoin Price Rises Beyond $26,000 As Coinbase Announcement Fails To Deter Investors
June 7, 2023
Bitcoin’s price has risen sharply after falling to its lowest level since March. Despite the fresh legal action from US regulators, it has regained some ground since June 6. According to data from Cointelegraph Markets Pro and TradingView markets, BTC/USD has continued to rise, reaching $26.250 on Bitstamp. This pair had fallen to nearly a […]
SEC Sees 61 Cryptocurrencies As Securities Now: Binance Lawsuit
June 6, 2023
With its newest litigation against Binance, the US Securities and Exchange Commission has officially designated 61 cryptocurrencies as securities. As a result, it has affected $100 billion in market tokens. The overall number of cryptocurrencies accused by US officials of being “securities” has been estimated to be 61, with a few more added to the […]
Mercado Bitcoin Received Licensed As A Payment Provider: Local Media Reports
June 5, 2023
According to local media reports, Mercado Bitcoin was granted a license as a payment provider. As a payment institution, Mercado Bitcoin will facilitate digital banking services for crypto exchange users in the country. With the approval of the license, the company will launch MB Pay, its fintech solution. The approval of the Central bank is […]
Coinbase Derivatives Exchange All Set To Introduce BTC And ETH Futures
June 2, 2023
While the cryptocurrency industry faces regulatory challenges in the United States, the public crypto exchange has taken a step ahead with its future contracts. The Coinbase Derivative Exchange’s institutional contracts will be sized at 1 Bitcoin and 10 Ether. On June 1, Coinbase shared its plans to introduce Bitcoin futures contracts through its Commodity Futures […]
Winklevoss Twins’ Crypto Exchange Gemini Looking Forward To UAE Crypto License
June 1, 2023
The United-States-based cryptocurrency exchange is now planning to seek a license in the United Arab Emirates for escaping. The Winklevoss – owned crypto exchange Gemini has recently announced that it has started the process of acquiring a crypto service license for its customers in the United Arab Emirates (UAE). Through their blog post on May […]
Japan’s Largest Airline, ANA Launches NFT Marketplace Along with Its Subsidiary
May 31, 2023
On May 30, Japan’s largest airline named All Nippon Airways (ANA) launched an aeronautical –themed Non–Fungible Tokens (NFTs) marketplace along with ANA Neo, its subsidiary. The introduction of this platform is seen as a part of All Nippon Airways’ ongoing expansion at the intersection of airlines and Web 3.0 Dubbed, “ANA GranWhale NFT Marketplace” this […]
Texas Legislative Session Comes To An End, However, Crypto Measures Remain In Limbo
May 30, 2023
According to the records of the Texas Legislative, lawmakers moved Senate Bill 1751 to the Committee on State Affairs on April 24 after getting approved in the state senate. The legislation aimed at amending the section of Texas’ utilities and tax code for adding restrictions related to crypto mining firms. The state lawmakers have passed […]
Amidst The Economic Uncertainty, USDT Jumps While USDC Shrinks
May 29, 2023
The market dominance in the US Stablecoin market has undergone significant in the past year, most of which are downward trends. Over the year, Circle’s USDC has witnessed a decline in its market share from 34.88% to 23.05 % whereas Tether’s USDT has gained ground by moving upwards from 47.04% to 65.89%. Also, the market […]
French Lawmakers To Loosen Rules Related To Crypto Influencer Bill
May 26, 2023
Previously, the bill proposed by French lawmakers restricted influencer marketing to only licensed crypto firms. However, there are no such firms in France presently. As a result, the French lawmakers seem to have agreed to tone down the restriction associated with its first bill that was proposed in March. Despite toning down on the restrictions, […]
Binance Pay Sees Going Interest For Platform In Africa, Eurasia, And Eastern Europe
May 25, 2023
Recently major markets have started to adopt Binance pay for introducing cryptocurrency–based payments for goods and services. According to Regional Binance Executive, precisely, African, Asian, and Eastern European countries are seeing cryptocurrencies as the payment source. A strategic partnership of Binance Pay with WooCommerce is expected to expand its reach through 40% of global E-commerce […]
Chinese City Launches Metaverse, Backed by the Government
May 24, 2023
With the platform, academic institutions and businesses in China hope to pool their resources and advance metaverse-related research. The China Metaverse Technology and Application Innovation Platform were launched on May 22 in Nanjing, the provincial capital of Jiangsu, in order to promote and progress metaverse research and development throughout the nation. The new state-backed Metaverse […]
The United States May Loose The Crypto Race To Other Nations
May 23, 2023
According to an ARK Invest analyst Yassine Elmandjra, the US crypto sector is witnessing a “void” of well-established organizations. This means the United States is at the risk of losing its status as the cryptocurrency leader to the nations namely United Arab Emirates, Australia, Korea, and Switzerland. ARK Invest is a global asset management company […]
Hotbit Exchange Suspends Operations And Advises Users To Withdraw Cash
May 22, 2023
According to Hotbit, centralized exchanges are growing more complex and are “unlikely to meet long-term trends.” Hotbit, a cryptocurrency exchange, stated that it would cease operations on May 22. The exchange requested that customers remove cash by June 21, at 4:00 a.m. UTC. The exchange stated in an announcement that its operational circumstances had deteriorated […]
Binance Australia Suspends Fiat Services For AUD Due To Issues With Third Party
May 18, 2023
Binance Australia reports that Australian dollar deposits and withdrawals have been disrupted owing to a decision taken by its third-party supplier. As a result, cryptocurrency exchange Binance Australia has informed customers through an official tweet that it has ceased Australian dollar services following the apparent discontinuation of support for the exchange by its local payment […]
Prosecutors In China To Tighten Down On ‘Pseudo-Innovation’ In The NFT Business
May 17, 2023
The Supreme People’s Procuratorate of the People’s Republic of China, the national institution in charge of legal prosecution, issued a statement on the non-fungible token (NFT) market on May 15. Three writers wrote a paper in which they described the prosecutors’ view of market risks and the following grounds for more aggressive enforcement. It focuses […]
The EU Finance Ministers Approved The MiCA Crypto Rule
May 16, 2023
The European Union’s Economic and Financial Affairs Council, which comprises finance ministers from all 27 member nations, passed the long-awaited Markets in Crypto-Assets (MiCA) bill on May 16. In addition to MiCA, the European Parliament adopted two additional pieces of legislation, including disclosure limits on cash and some crypto assets transactions. On April 20, the […]
Bitcoin Amongst The Top 3 Assets In Case Of US Debt Default
May 15, 2023
According to a new study, Bitcoin would be a more popular safe haven than the US currency, Japanese yen, or Swiss franc. Furthermore, it is seen that the major cryptocurrency Bitcoin may become a top three asset in the case of a hypothetical debt default in the United States. Investors are looking for hedges to […]
Estonia Has Forced The Exit Of 400 Crypto Companies Under Its New Legislation
May 9, 2023
Estonia’s money-laundering authority highlighted a variety of flaws it discovered among local crypto businesses, including dubious executives and illogical business models. Following the government’s recently updated Terrorist Financing Prevention and Anti-Money Laundering regulations (AML) that went into effect in March, around 400 virtual asset service providers (VASPS) voluntarily shut down or had their authorizations revoked […]
Kazakhstan Received $7 million As Cryptocurrency Mining Taxes For 2022 Business
May 8, 2023
According to local media sources, post the introduction of Kazakhstan’s Government’s revised regulation controlling the fiscal cost of mining cryptocurrency collected around 3.07 billion tenges which are about $7 million in tax payments from crypto mining businesses in 2022, Reportedly, amidst the restriction of mining operations, cryptocurrency miners spent millions of dollars in energy costs […]
Montana Governor Signs Pro – Cryptocurrency Bill To Form A Law
May 5, 2023
According to records of the Montana Legislature, the governor signed SB 178 into law after the bill passed in the state House and Senate. The legislation was focused on enshrining crypto miners’ rights by revising the existing laws, not allowing taxation for cryptocurrencies as a payment method, and prohibiting electrical rates for mining firms. The […]
Samsung Bans Its Employees From Using AI Tools Like ChatGPT
May 2, 2023
According to a Bloomberg report, Samsung would prohibit its staff from using generative AI technologies such as ChatGPT. This new regulation is the result of Samsung employees uploading “sensitive code” to the platform. The company-wide prohibition forbids Samsung personnel from using generative AI technologies on any Samsung-owned device or network. Samsung is the latest company […]
Venmo To Enable Fiat–to–Crypto Payments May Onwards
May 1, 2023
According to the recent announcement from Paypal, the parent company of Venmo, Users of mobile payments service will now be able to buy and send cryptocurrencies to other Venmo users or external wallets starting in May. Moreover, users will also be able to receive cryptocurrencies through QR codes or external crypto addresses. According to the […]
Bit4You Suspends Its Operations After CoinLoan Receives Cessation Order
April 28, 2023
The Belgian trading platform Bit4You suspended its operations, including withdrawals on April 26, 2023, while the CoinLoan insolvency investigation by Estonian regulators is going on. CoinLoan is the key business partner for Bit4You. Citing in their blog post, Bit4You has shared it was necessary to take this action to protect the platform users while its […]
Hong Kong Security Regulator Plans To Issue Crypto License Guidelines In May
April 27, 2023
Recently CEO of Hong Kong‘s Securities Futures Commission (SFC), Julia Leung has reportedly revealed the crypto business guidelines. According to Bloomberg, Leung stated that the consultation process relating to licensing regime received more than 150 responses from interested parties. However, the clear regulations about the cryptocurrency exchange licensing guidelines in the month of May. It […]
Bitcoin Price Bounce Upwards As First Republic Bank Price Crashes
April 26, 2023
The Bitcoin (BTC) prices have moved upwards as the news about the First Republic Bank deposit slum sparked on the internet. According to the head of research at Collective Shift, the Australian Crypto Education Platform the prices of Bitcoin spiked immediately after the Fox News reporter broke the news that bankers working with First Republic […]
China To Expand Use Cases Of Digital Yuan To Cross-Border Trades And Road Initiative
April 25, 2023
China which was one of the first nations to start working on CBDC plans to expand the use cases of its CBDC called Digital Yuan for facilitating cross–border trade, belt, and road initiatives. Even though Digital Yuan was one of the first CBDCs that was developed and tested widely, there has not been any official […]
Public Servants In China City To Receive Digital Yuan Salaries From May Onwards
April 24, 2023
Changshu, the Chinese City stated that the civil services in the jurisdiction will receive full salaries in the form of digital Yuan beginning from May 2023. The notice issued by financial authorities in the city confirmed that civil servants including all those in the public service, state-owned units, or public institutions at all levels will […]
TransUnion To Provide Identity-protected Credit Scoring For DeFi Lending
April 21, 2023
Recently, TransUnion, which is one of the three major United States credit reporting agencies, announced that it would begin supplying credit scores for public blockchain networks too. This is the first time off-chain credit data would be available to Web 3.0 and Decentralized Finance (DeFi) applications. This American credit reporting agency is tying up with […]
Hong Kong Court Declares Cryptocurrency As A Property
April 20, 2023
As per the analysis published by Hogan Lovells, a law firm in Hong Kong, cryptocurrency is found to have property attributes. Thus, the court deemed it appropriate to follow the applied reasoning and assume crypto as a property and form the subject matter of trust. It was further added that since the definition of “property” […]
Kraken To Be A Virtual Asset Service Provider In Ireland Ahead of MiCA Vote
April 19, 2023
Kraken, the United States–based Cryptocurrency exchange has received authorization to act as a Virtual Asset Service Provider (VASP) from the Central Bank of Ireland. Payward Europe Solutions which is an Irish subsidiary of Kraken and is registered in Dublin received this authorization on April 18, 2023. This VASP authorization came to Kraken when European Union […]
Israel’s Central Bank To Issue CBDC, If Stablecoin Use Increases
April 18, 2023
On April 17, 2023, the Bank of Israel Steering Committee addressed the potential issuance of Digital Shekel and started preparing the action plan for the issuance of Central Bank Digital Currency and all the possible scenarios for developing and deploying a digital shekel called “SHAKED”. In no case does, the Bank of Israel want private […]
Ether Hits 11-Month High, Post-Shapella Withdrawals Surpass 1 Million ETH
April 17, 2023
In the merely first four days of the Shapella hard fork taking place, more than 1 million Ether (worth $2.1 billion) were removed from Ethereum’s Beacon Chain. At the same time, the Ether crossed $2,100 for the first time in 11 months. As a result, it gained approximately 10% in value after the Shapella hard […]
Amazon To Launch New Bedrock AI Service To Take On OpenAI and Google
April 14, 2023
AWS is all set to launch Bedrock which is an AI service that will allow users to build generative models from A121 Labs, Stability AI, Anthropic, and Amazon. This announcement has made it evident that Amazon is competing with Google and Microsoft on the matter. Bedrock would allow Amazon Web Services (AWS) users to build […]
Paxos All Set To Withdraw Its Operations From Canada Due To Regulatory Uncertainty
April 13, 2023
Paxos, a global fintech company that provides blockchain-based solutions for the financial industry has recently announced its decision to withdraw operations from the Canadian Market. However, the company assures that all funds remain safe in the Paxos accounts. However, it has advised its customers to withdraw their respective account balances at the earliest. According to […]
Bitfinex Securities El Salvador Receives License To Act As A Digital Asset Service Provider
April 12, 2023
Bitfinex Securities, the Digital Asset Exchange has received a license for a digital asset service provider under El Salvador’s new Digital Assets Issuance Law. This law was passed by El Salvador’s National Congress in January. Following the law Bitfinex Securities El Salvador was granted a license by El Salvador’s National Digital Asset Commission on 11 […]
Bitcoin Hits $30K, Its Highest Price Since June 2022
April 11, 2023
According to the data from CoinGecko, Bitcoin has surpassed $30,000 which it had not reached since June 10, 2022. Thus, BTC is indeed setting a high benchmark for the year 2023. In the last 30 days, BTC recorded a gain of about 46% today which is its highest in ten months. However, analysts predicted that […]
Texas Lawmakers Propose A Plan for Gold – Backed State Digital Currency
April 10, 2023
Two Texas lawmakers have introduced identical bills for introducing a state–based digital currency backed by gold. According to the proposed bill the trustee would have to hold a sufficient amount of gold in their reserve for all units of digital currency. However, there were certain objections from several US lawmakers against the introduction of Central […]
Ethereum Launches Its ‘Re-Staking’ Protocol, Eigen Layer On Testnet
April 7, 2023
The new protocol of Ethereum that allows validators and stakers to “re-stake” the assets into other emerging networks has recently been launched on Testnet. The mainnet launch of the Eigen Layer protocol will be phased in three stages for onboarding various participants in the ecosystem. In the first stage of the launch, the mainnet is […]
Singapore Plans To Introduce Uniform Screening Protocols For Crypto Bank Accounts
April 6, 2023
Singapore regulators are seen working with traditional banks for developing uniform standards for screening potential customers in the crypto industry. such potential guidelines are also expected to cover the topics of stablecoins, transferable gaming, streaming credits, and Non –Fungible Tokens (NFTs). However, the potential guidelines will not have a binding force over banks, as the […]
ETH hits Its 7- Month High, A Week Ahead Shanghai and Capella Upgrades
April 5, 2023
In the last seven months, Ether has breached $1,900 and is currently trading above $1,911. This happened exactly a week ahead of staking withdrawals enabled for the second-largest cryptocurrency by market capitalization. According to the reports of CoinMarketCap, it was on August 16, 2022, when the Ether traded over $1,900 while the United States Federal […]
KuCoin Wallet Rebrands Itself As Halo Wallet
April 4, 2023
On April 3, 2023, KuCoin Wallet announced its rebranding as Halo Wallet and launched the SocialFi ecosystem too. Reportedly, now an independent Halo Wallet received a fresh round of financing from some big investors comprising IDG, Hashkey Capital, KuCoin ventures, and other strategic partners in Web 3.0 domain. As a result, this newly branded Halo […]
FTX EU Has Launched A Withdrawal website To Pay Back Its Users In Europe
March 31, 2023
The European arm of FTX, FTX EU was approved by the Cyprus regulator in March 2022 which is about seven months before FTX collapsed. This arm of FTX i.e. FTX EU has recently launched a website to allows its European customers to submit withdrawal requests. The new website domain is named https://ftxeurope.eu/. Reportedly, this domain […]
OKX Plans Expansion In Australia Citing “Huge Appetite” For Crypto
March 30, 2023
Seychelles – based Crypto Exchange OKX showed its intention to expand crypto services in Australia while promoting crypto education. The chief marketing officer of OKX also commented that Australians are above par when it is about crypto education and interest. Thus, Australia is primed to take the crypto adoption journey to the most incredible heights. […]
EU Lawmakers Look Forward To Stricter Rules For Anonymous Crypto Transfers
March 29, 2023
European Union Lawmakers have recently adopted new draft legislation under which they will impose a 1000 Euro cap on anonymous crypto asset transfers. The approach of the EU is centered around combating money laundering and terrorist financing. Reportedly, the European Parliament also stated that such a limit would apply only to the crypto transfer where […]
MakerDAO Constitutes New Laws To Formalize Governance Process
March 28, 2023
MakerDAO which is a Decentralized Autonomous Organization (DAO) that governs the DAI Stablecoin has passed a new “constitution” for formalizing the governance processes and preventing hostile persons to take over the protocol. The MakerDAO‘s proposal read that “a new constitution is needed as the Maker protocol presently relies on governance decisions made by humans and […]
G7 Seen Working Together On Stricter Cryptocurrency Regulation
March 27, 2023
The seven largest democracies may advocate stricter cryptocurrency rules at the upcoming G7 summit, according to a March 25 report from Kyoto News Agency. In May, leaders from the European Union, Canada, France, the United States, the United Kingdom, Japan, and other nations are anticipated to lay out a worldwide cooperation plan for digital assets. […]
“Surgical removal of Cryptocurrency Is Seen To Weaken USD Dominance
March 24, 2023
The crackdown of the United States on Cryptocurrencies and Crypto firms seems to stifle the crypto–related innovation and weaken the country and its currency. A day after Coinbase received a Wells “legal threat” notice from the Securities and Exchange Commission the industry experts started weighing the impacts of the regulatory actions on America’s Crypto. The […]
French Lawmakers Propose Certain Restrictions On Crypto Promotions
March 23, 2023
French Lawmakers have recently proposed a ban on the electronic promotion of some financial products and services which includes crypto assets too. It is aimed at protecting the consumer from potential threats and risks. The proposed amendment has Bill no. 790 and is believed to combat the scams by influencers on the social network. The […]
eNaira Adoption Has Increased After Fiat Currency Shortage Dominated Nigeria
March 22, 2023
Nigerian central bank’s decision of replacing older bank notes with bigger denominations amidst the rising inflation has created an opportunity for eNaira to flourish. The eNaira is the in–house Central Bank Digital Currency (CBDC) of Nigeria that was launched 18 months ago. The decision of the Nigerian regulatory to replace older bank notes with the […]
MetaMask Facilitates Direct Crypto Purchases In Nigeria Now
March 21, 2023
MetaMask’s parent company ConsenSys recently announced its new integration with Moonpay, the crypto fintech company. Through this new integration, Metamask would allow users in Nigeria to purchase crypto through instant bank transfers. This new feature is available with the Portfolio DApp and MetaMask mobile and will simplify the process of buying crypto without the credit […]
UBS Group Agrees To Swiss Authorities “Emergency Rescue” Plan For Credit Suisse
March 20, 2023
The UBS Group has agreed to help its ailing competitor Credit Suisse with $3.25 Billion as part of an “Emergency Ordinance” for preventing financial market instability. In its previous reports published by Financial Times, UBS showed interest in buying Credit Suisse for around $2 Billion. However, the most recent statement from UBS says that the […]
Hong Kong-based Signum Digital Receives Approval For Offering Security Tokens
March 17, 2023
Hong Kong’s Security and Futures Commission (SFC) has shown the green light to Signum Digital to offer Security Token in the city after receiving several applications for virtual asset trading licenses. Signum Digital is a joint venture of Somerley and Coinstreet in Hong Kong. Security Tokens are emerging as a new category of digital assets […]
Swiss National Bank Plans To Support Credit Suisse If Required
March 16, 2023
On March 15, the Swiss National Bank (SNB) and Swiss Financial Market Supervisory released a joint statement relating to the stability of Credit Suisse and the Swiss banking system. The statement emphasized that the problems with the banks in the USA do not impose a risk for the Swiss Financial system indicating the soundness of […]
National Australian Bank (NAB) Executes Its First Cross – Border Stablecoin Transaction
March 15, 2023
The National Australian Bank has successfully executed its first–ever cross-border Stablecoin transaction on the layer-1 public blockchain. This intrabank transaction used the AUDN, which is the bank’s fully backed Stablecoin tied with the Australian Dollar. This Stablecoin transaction took place on the Ethereum blockchain using smart contracts designed for seven currencies. Reportedly, these currencies were […]
Bitcoin’s Market Cap Flips Meta To Attain 11th Spot Among Top Assets
March 14, 2023
Despite the turbulent week following the collapse of Silicon Valley Bank (SVB) and Signature Bank, the market cap for Bitcoin has managed to rank higher than tech giant, Meta with Tesla sitting behind in the row. As on March 14, 2023, Bitcoin’s market cap had reached $471.86 billion, surpassing Meta’s market capitalization of $469 billion. […]
HSBC To Acquire Silicon Valley Bank For 1 Pound
March 13, 2023
The banking giant HSBC has announced that it would acquire Silicon Valley Bank UK for the value of one pound. HSBC here comes to rescue the UK – based branch of Silicon valley that collapsed with the new acquisition. On March 13, 2023, HSBC officially announced that its HSBC UK Bank which is its subsidiary […]
DOGE/BTC Moves Upwards By 4.75% After Multiple Descending Trendlines Since November 2022
March 10, 2023
The Dogecoin paired with Bitcoin pared some losses today; a day after prices of the DOGE/BTC pair fell to their lowest since October 2022. However, the pair prices reached 331 sats which is 4.75% upwards when compared to the previous day’s low of 316 stats. The DOGE/BTC descending trendline seems to be the result of […]
Utah DAO Act Grants Legal Recognition To DAO In The USA
March 7, 2023
The Utah State Legislature recently passed HB 357, Utah DAO Act in the country which now grants DAO (Decentralized Autonomous Organization) a legal status and limited liability protection. This act was approved on March 1, 2023, after it passed through Senate and House Committees. This new law is a legal framework for DAO defining them […]
Binance Recommends Use of P2P Services After Ukraine Suspends Hryvnia On Crypto Exchanges
March 6, 2023
Besides putting restrictions on banking cards, and fiat deposits, and making withdrawals on cryptocurrency exchanges like Binance and Kuna Ukraine’s Central bank has temporarily suspended the use of its national currency – Hryvnia too. This decision of Ukraine’s Central bank immediately impacted the investors and made it difficult to move funds to and from the […]
Microstrategy and Tether Distance Themselves From Silvergate As Its Stock Prices Drop by 57%
March 3, 2023
The Business Intelligence firm Microstrategy and Stablecoin Issuer Tether have become the latest firms to deny any meaningful exposure or interaction with Silvergate bank publicly. Silvergate is a Fintech company known to provide financial infrastructure solutions and services to the largest cryptocurrency exchanges, mining companies, and institutional investors across the globe. Further, it gives a […]
Koii Labs And Idexos‘Middleware Bridge To Replace Centralized Exchanges (CEXs)
March 2, 2023
According to the reports from Token Terminal, the attacks on bridge technology in 2022 resulted in the theft of $2.5 Billion from the Decentralized Finance (DeFi) protocols. This emerged as a setback for several projects in the crypto space and paved the way for security and infrastructure concerns. As a result, at ETHDenver Conference 2023, […]
BTC Price Crossed 140%, Increasing The Number Of Bitcoin Millionaires
March 1, 2023
Bitcoin‘s 2017 all–time high prices are still a key level when it comes to thinking about long–term investment. According to the reports published in CoinTelegraph Bitcoin Millionaires are generally made when the prices of BTC go beyond $ 20,000. As a result, Bitcoin is famous for its relationship with the tag of $20,000. Furthermore, from […]
The Banking Regulator in UK Plans To Propose Crypto Issuing and Holding Rules
February 28, 2023
The Prudential Regulatory Authority (PRA) which is United Kingdom’s bank regulator plans to propose rules for issuing and holding digital assets. This proposal aims to facilitate international economic growth under the present bill called the “ Financial Services and Market” bill which is now in Parliament. Thus, these rules will be developed in consideration of […]
FSB, BIS, And IMF Plans To Set Global Crypto Framework: G20
February 27, 2023
The global financial institutions such as Financial Stability Board (FSB), Bank for International Settlements (BIS) and International Monetary Fund (IMF) plans to deliver recommendations and papers for establishing the standards for crypto regulatory framework globally. This has been announced by G20, the group of 20 biggest economies of the world. Reportedly, FSB will release the […]
Federal Reserve Board Denies The Request Of Custodia Bank For Fed Supervision
February 24, 2023
The United States Federal Reserve Bank has denied the request of a cryptocurrency bank named Custodia Banks to reconsider its membership application to the Federal Reserve System. Alongside this, the district court has allowed a lawsuit between two parties to continue. The central bank perceived the request as inconsistent with the required factors under the […]
DZ Bank, the German Asset Manager Adds Digital Currencies To Asset Management Services
February 23, 2023
The DZ Bank collaborated with a Swiss Technology Company named Metaco and added digital asset management into its services. It is the second–largest bank according to asset size and will facilitate the full integration of digital currencies as asset management services. DZ Bank acts as the central institution for around 800 Cooperative banks and 8500 […]
MasterCard Plans To Allow Crypto Payments Through USDC Settlements
February 22, 2023
The partnership between Immersve, the Web 3.0 payment protocol and MasterCard, the payment giant will allow users to make crypto payments on digital, physical, and metaverse worlds. This partnership uses the decentralized protocol to facilitate real–time cryptocurrency transactions on the outlets where MasterCard Online Payment would be accepted. Upon the completion of the transaction from […]
Conflux Network, China’s Only Public Blockchain Witnessed CFX Price Rising 1300% In 2023
February 21, 2023
Conflux Network is a layer-1 blockchain operation on a hybrid PoW and PoS mechanism also known as Shanghai Tree- Graph Blockchain Research Institute and is the only regulatory–compliant, public, and permissionless blockchain in the country. The Conflux Network (CFX) was nearly up by 500% in the past week and became one of the emerging and […]
The Value of Bitcoin Overtakes Payments Giant Visa For The Third Time
February 20, 2023
Last year, the fall of FTX reduced the market value of Bitcoin by $100 billion in just four days, but since then BTC has fully recovered and added another $65 billion to its cap. As a result, the market capitalization of Bitcoin has once more surpassed that of the world’s largest payment giant, Visa and […]
California Regulator Launches Crypto Scam Tracker In Response To the Complaints From Users
February 17, 2023
The Department of Financial Protection & Innovation (DFPI) in California has launched a crypto scam tracking tool for investors and traders to spot potential threats in the crypto ecosystem. The authority has been receiving several complaints from consumers and investors regarding crypto scams happening each year. The regulator launched this tracker on February 16, 2023, […]
Lawmakers In Wyoming Pass Bill For Preventing Forced Disclosure Of Private Keys
February 16, 2023
The Wyoming Lawmakers passed the bill in the Wyoming House of Representatives on February 15, relating to the prohibition of the state from forcing individuals to disclose their digital asset private keys. If passed by Wyoming Governor, Mark Gordon, the law will come into effect from July 1, 2023, onwards, The definition of Private Keys […]
Siemens Issues Digital Bond Worth $64M On A Public Blockchain
February 15, 2023
The German engineering and technology giant, Siemens has become one of the first companies in German for issuing digital bonds on a public blockchain. The digital tokens are worth $ 64 Million with a maturity of one year and are issued in accordance with Germany’s Electronic Securities Act. As per the recent announcement, the bond […]
Bitcoin NFTS (Ordinals) Record 44 Million Non–Zero Addresses
February 14, 2023
The launch of Bitcoin Non-Fungible Tokens (NFTs) which are known as Ordinals has hit the number of non–zero Bitcoin addresses to an all-time high, 44 Million, as stated by Glassnode. The report further explained that it is the first time in the 14-year history of Bitcoin that its network activity has been used for purposes […]
Silver Gate, The Crypto Bank Ranks As The Second Most Shorted Stock On Wall Street
February 13, 2023
According to the reports of the Financial Industry Regulatory Authority over 72% of silvergate capital corp stock was found to be shorted last month i.e January 31, 2023. Recently, on February 9, 2023, the latest short interest reporting stated that Silvergate has now emerged as the second–most shorted stock in the United States with more […]
South Korea Announced Independent Sanctions Against North Korea Concerning Crypto Thefts And Attacks
February 10, 2023
South Korea has set its first independent sanctions for cryptocurrency thefts and attacks against some specific North Korean individuals and groups. The announcement against these famous individuals and groups came immediately after South Korea announced its joint cyber venture with the US intelligence agencies to prevent ransomware threats. In the words of Seoul’s Ministry of […]
Russian Government Approves Subsidy For Crypto Mining Facility In Siberia
February 9, 2023
Recently, the crypto mining industry has received moratoriums in some parts of the USA and Canada. But scenarios seem to be changing with Russia providing tax incentives for those willing to invest in crypto mining. With the Government‘s direct support, the new $12 Million crypto mining center will be opened in East Siberia. Reportedly, this […]
Ethereum Testnet Executes Its First ETH Staking Withdrawal
February 8, 2023
An Ethereum Test Network, popularly known as Testnet simulated withdrawals of staked ether (ETH) for the first time. As a result, it has come a step closer to bringing the second–biggest blockchain a significant transition, from a historic transition to the fully–featured Proof–of–Stake (PoS) network. The Testnet which is also termed Zhejiang executed this withdrawal […]
Revolut, The UK Digital Bank Launches Staking Feature For Its UK And EEA Customers
February 7, 2023
The United Kingdom-based neo–banking platform Revolut which reportedly has 25 Million customers globally has introduced crypto staking for its UK and European Economic Area (EEA) customers. As per the reports from AltFi, the London –based news agency the staking feature would go live in the second week of February. As a result, would allow users […]
Spanish Rehabilitation Center Adds Treating Crypto Trading Addiction To Its Service List
February 6, 2023
A Switzerland – based wellness center called, “The Balance” which has its main facility located on the Spanish island of Mallorca and has other branches in London and Zurich added services aimed at treating a relatively interesting type of addiction – crypto trading to its list. The rehabilitation center estimated that around 1% of cryptocurrency […]
Indonesia Plans To Schedule The Launch Of Its National Crypto Exchange By June 2023
February 3, 2023
Previously, Indonesia’s financial services regulator hoped to set up a crypto exchange by the December 2022 which got delayed to several obstacles. However, Indonesia’s Ministry of Trade has reset the plan and aims to roll out a national crypto exchange by June 2023, i.e six months after its previous target. Zulkifli Hasan, the Trade Minister […]
Reliance Retail Rolls Out Support For CBDC Payment In Its Store
February 2, 2023
One of India’s biggest retail chains, Reliance Retail has announced that they have begun accepting digital rupees at one of their gourmet store line, Freshpik. Moving ahead, the company plans to extend more support to roll out the digital rupee in its businesses. Furthermore, Reliance Retail has partnered with the companies such as ICICI Bank, […]
Toyota, the Automotive Giant Is All Set To Explore Blockchain Use Cases via Dao Hackathon
February 1, 2023
Toyota is delving deeper into blockchain technology and understanding its use cases for improving organizational operations with a Web 3 hackathon for DAO developers. On February 1, Astar the multichain smart contract and decentralized application (DApp) network announced the Web 3 Hackathon which is supported by Toyota Motor Corporation. Furthermore, Sota Watanabe, the founder of […]
Kazakhstan Aims To Enhance the Crypto Trading Framework In The Country
January 31, 2023
Kazakhstan which is emerging as one of the biggest mining destinations in the world issued a consultation paper for gauging public interest in the proposed amendments and improving the cryptocurrency trading framework. The Astana Financial Services Authority which is a Kazakh regulator released the policy paper on January 27. The authority indicated that AIFC Digital […]
Bitcoin Premium Hits More Than 60% In Nigeria After Country Sets Limit on ATM Cash Withdrawals
January 30, 2023
The Bitcoin Price has skyrocketed in Nigeria hitting $38,000 in the country’s local currency, the Naira. These skyrocketing prices of Bitcoin are above the global market level in between the continuous of central authorities for promoting digitalized cash. On January 30, 2023, the price of one Bitcoin on the Nigerian Crypto Exchange NairaEX recorded 17.8 […]
ISDA Plans To Release Standard Definition For Digital Asset Derivatives
January 27, 2023
Concerning the collapse of a popular crypto exchange, FTX and other previous bankruptcy cases have prompted the need to address the crypto ecosystem’s liquidity and solvency concerns. As a result, the International Swaps and Derivatives Association (ISDA) is working on releasing two papers to address the fundamental legal risks associated with crypto markets. The ISDA […]
Australia Becomes Third Country After US And Canada To Install More Number of Crypto ATMs
January 25, 2023
Australia puts itself in the third spot globally after USA and Canada, after installing its 234th Crypto ATM, It was only at the beginning of January when Aussies hit the fourth spot, since then it has installed 16 more machines, while Spain lost 4 of them and El Salvador which stands at the fifth spot […]
British Authorities, FCA and RPC Split on Decision to Ban Crypto Derivatives’ Sale
January 24, 2023
The Policymakers in the United Kingdom (UK) seem to have divided opinions on banning the sale, marketing, and distribution of crypto derivates or exchange-traded notes. The Regulatory Policy Committee believes that measures adopted by the country in the year 2021 seem unjustified in the present scenario and shall be altered. In January 2021, the Chief […]
South Africa’s Advertising Regulatory Board (ARB) Issues New Clause For Cryptocurrency Industry
January 23, 2023
The cryptocurrency products and services are a part of a new clause in South Africa’s code of advertising practice which the Advertising Regulatory Board has introduced. Through regulated advertising practices, the country aims to protect consumers from unethical advertising. As per the issue, the companies and individuals in South Africa shall abide by specific advertising […]
Moonstone Bank To Reportedly Exit From The Crypto Space
January 20, 2023
Following the downfall of FTX, Moonstone Bank, the rural Washington State Bank has decided to exit rebrand and exit the crypto space. The company received an estimated investment worth $11.5 Million from FTX’s sister company named Alameda Research. The institution stated that it would exit crypto space for returning to its “fundamental mission” as a […]
FinCEN Placed Binance Amongst The Top Bitcoin Counterparties For Bitzlato
January 19, 2023
The United States Financial Crimes Enforcement Network (FinCEN) which is a bureau of the country’s Treasury Department states that Binance is linked to the Bitzlato, which is seen as an illegal cryptocurrency platform. As per its order published on January’18, FINCEN argued that the Binance cryptocurrency exchange was found to be amongst the “top three […]
Dogecoin Carbon Emission Reduced By 25% Following Collaboration With Elon Musk
January 18, 2023
The research shows that Dogecoin was the only Meme coin in 2022 to reduce its footprint which is considered as the key criterion for its mainstream adoption. The reduction in carbon footprint was more than 25% in a year. This is generally seen as a result of intervention by Elon Musk. Back in May 2021, […]
Binance To Facilitate Storing Crypto With Its Cold Custody
January 17, 2023
Amid the ongoing crisis of the Centralized Cryptocurrency Exchange (CEX), Binance now plans to improve its institutional trading services by launching cold-custody opportunities. On January 16, Binance announced the official launch of “Binance Mirror”, an off–exchange settlement solution allowing institutional investors to invest & trade using cold custody. The Mirror service is based on the […]
Bank Of Thailand To Allow Virtual banks In The Country By 2025
January 16, 2023
According to the reports of Bloomberg, the Bank Of Thailand has disclosed its plan to establish a virtual bank in the country for the first time. The financial institution aims to provide or activate services by the year 2025. By establishing virtual banks Thailand seeks to strengthen competition and economic growth. The central bank also […]
Roqqu, the Nigerian Crypto Exchange Receives European Virtual Currency License
January 13, 2023
After two years of waiting for the Nigerian crypto exchange, Roqqu received a virtual currency license for the region of European Economic Areas. With this permission, Roqqu can now operate in 30 countries, which will broaden its services to one of the world’s largest crypto markets. This license permits Roqqu users (including non – Nigerians) […]
El Salvador Approves Crypto Bill Creating Opportunity For Bitcoin – backed Bonds
January 12, 2023
El Salvador, which is considered the epicenter of Bitcoin adoption has passed “Digital Asset Issuance” legislation to create a regulatory body and establish a legal framework for digital assets. The bill was passed on January’11, 2023, after which the National Bitcoin Office in the country announced the legality of the bill and observed it as […]
Frankfurt houses the largest city-wide Bitcoin Network
January 11, 2023
While the US holds the highest share of Bitcoin hash rate contribution and ATM network, Frankfurt, Germany is the city hosting the most reachable Bitcoin nodes worldwide. Thus, making it the crucial pillar of the Bitcoin network. Bitcoin nodes are distributed networks of computers running on the Bitcoin software and follow the Proof–of–Work (PoW) consensus […]
Nepal Telecommunication Authority Orders Internet Service Providers To Block Crypto Trading Websites
January 10, 2023
Nepal’s Telecommunication Authority (NTA) has issued an order for all Internet Service Providers (ISPs) in the country to block all the websites that facilitate cryptocurrency trading or related activities. Anyone failing to comply with the orders would have to face legal consequences. The notice states that virtual currency transactions are increasing in the country and […]
MasterCard All Set To Launch Web 3.0 Musician Accelerator Program In Partnership With Polygon
January 9, 2023
The global payment giant, MasterCard ramps up its exposure to blockchain again by announcing its partnership with Polygon for an accelerator program that would help musicians to build their careers through Web 3.0. MasterCard plans to collect five emerging musicians globally with mentors and further help them establish their brand in the Web 3.0 music […]
Metamask Removes Wyre From Aggregators List Due To Its Shutdown Reports
January 6, 2023
After Juno urged his users to withdraw funds amidst the ongoing instability of Wyre (Juno’s custody partner), the popular Metamask also removes the company from its aggregator’s list. Wyre, the crypto payment company was founded in the year 2013 in San Francisco. The company was valued at $1.5 billion during the year 2022. However, today […]
January 5, 2023
Juno, the digital asset firm that offers on-ramp services for cryptocurrency, recommends that its customers take their funds off the platform due to the indicated “uncertainty” in the business operation of its custody partner. Wyre, the US-based money services company and a crypto partner to Juno stated earlier in the week that its employees would […]
Indonesia Plans To Launch National Crypto Exchange In 2023
January 4, 2023
As a part of its crypto regulation reform Indonesia plans to create a crypto exchange in 2023. This platform is planned to be created and launched before the shift of regulatory power from a commodities agency to a security authority. Commodity Futures Trading Regulatory Agency of Indonesia indicated that crypto exchange would be started this […]
Italian Senate Approves 26% Tax on Crypto Gains
January 3, 2023
While approving its budget for 2023 the Italian Senate included an increase in the tax for crypto investors i.e. 26% tax on capital gains on crypto–asset trading above 2,000 Euros. As per the legislation, crypto assets are defined as “a digital representation of rights or value that can be stored and transferred electronically through distributed […]
Lido Surpasses Maker DAO To Have Highest TVL In DeFi
January 2, 2023
The Liquidity Staking Protocol, Lido Finance seems to have benefited immensely from the Ethereum Merge in September 2022 with its Total Value Locked (TVL) hitting the top position among other popular Decentralized Finance (DeFi) protocols. The reports from DeFiLama demonstrate that Lido’s liquid staking protocol now owns $5.9 billion in TVL compared to Maker DAO […]
Fiji Elects Pro – Bitcoin Prime Minister For Positive Future Of Bitcoin
December 29, 2022
Fiji, an island country in South Pacific elects a pro-Bitcoin Prime Minister named Sitiveni Rabuka. This newly elected Prime Minster took the Fijian office on December 24, 2022. This new representation of the country signals the positive future of Bitcoin. Lord Fustiu’a , a former member of the Tongan Parliament shared the news on Twitter […]
Kraken Soon To De- Register Itself From Japan Stating It As The Weak Crypto Market
December 28, 2022
The popular cryptocurrency exchange, Kraken has planned to de-register itself from Japan’s Financial Services Agency as a crypto asset exchange from January 31, 2023. This global crypto exchange’s decision to pull its operations in Japan for the second time is cited due to the strain on resources amidst the weak crypto market in the country. […]
Fidelity Plans To Introduce NFT Marketplace And Financial Services In The Metaverse
December 27, 2022
The investment giant Fidelity Investments has applied for trademark applications in the United States for hosting Web 3 products and services, including Non Fungible Tokens (NFTs) marketplace, financial investment, and crypto trading services in the metaverse. The recently filed trademark application entails an extended list of all possible business aspects of the firm in the […]
Bitcoin Network Hashrate Returns To Normal After Freezing Shuts Down Miners
December 26, 2022
After freezing weather had put a strain on the USA’s electricity grid and led to a temporary drop in hash rate, the Bitcoin Hashrate dropped by 38% to 170.60 EH/s around Christmas. Post tragic downfall, the Bitcoin hashrate now starts returning to its normal, which lies between 225 – 300 EH/s. Here EH/s refers to […]
Marshall Islands Declares DAOs As Domestic Limited Liability Companies
December 23, 2022
The Republic of Marshall Islands which is an independent state located in the Pacific Ocean has legalized the Decentralized Autonomous Organizations (DAOs) Act of 2022. The law allows legal entities registered in the country to legally adopt DAO structure and governance tools. The authorities believe that this law will encourage the growth of decentralized entities […]
US Senator Pat Toomey Introduces Stablecoin Bill Before the 117th Congressional Session
December 22, 2022
The soon–to–retire US Republican Senator Pat Toomey who also serves as the ranking member of the US Banking Committee has introduced a new Stablecoin bill before the US congressional session. The bill aims to establish a regulatory framework for “payment stablecoins.” These are the stablecoins that can directly be converted to fiat currency by the […]
Uniswap To Allow Cryptocurrency Purchase via Bank Transfers, Debit And Credit Cards
December 21, 2022
Uniswap, which is the decentralized cryptocurrency exchange, will now allow buying cryptocurrencies through bank transfers and debit/credit cards. Recently, this popular decentralized exchange has partnered with the leading Fintech Company, Moonpay to smoothen the cryptocurrency transactions for users. The exchange would allow users to buy cryptocurrency on its web applications either by using debit and […]
Busan, the Blockchain City of South Korea Reluctant To Partner with Global Crypto Exchanges
December 20, 2022
After the downfall of FTX, which was the key exchange partner for Busan City the administration reconsider its plans to onboard third–party crypto exchanges. Busan City has been officially declared a regulatory-free zone for blockchain technologies in July 2019. Since then the city has been responsible for implementing various blockchain applications in industries such as […]
Nigeria Plans To Adopt A Law Recognizing Bitcoin And Other Cryptocurrencies
December 19, 2022
Following an interview with the House of Representatives Committee on Capital Markets, the news broke out that Nigeria plans to adopt a law recognizing cryptocurrencies in the country. A little over a year after its inception in October 2021, Nigeria’s eNaira has only been adopted by 0.5% of its population. This shows Nigerians have little […]
Jewel Bank Becomes First To Launch USD – backed Stablecoin In Bermuda
December 16, 2022
Jewel Bank, the Bermuda-based full-service bank that serves digital asset companies globally has launched the first USD – backed Stablecoin on the Polygon blockchain. This Stablecoin is named Jewel USD (JUSD) and is the first Stablecoin to be launched in the territory which enables transactions between wallets for institutional clients. As a result of this […]
Russian Energy Companies Plan To Restrict Domestic Crypto Miners
December 15, 2022
The energy companies in Russia have started to hunt for illegal crypto miners who are plying their crypto trade from home. The Deputy Energy Minister, Per Izvestia stated that home–based crypto miners are responsible for changing the load profile of their connections. The crypto mining regulation is yet to be approved by the country’s parliament, […]
Adding Staking Services for Seven Different Crypto Assets on Binance US
November 9, 2022
Adding Staking Services for Seven Different Crypto Assets on Binance US Seven digital currencies are currently available with annual percentage yields (APYs) up to 18%, according to Binance US, which is now providing crypto staking services. Proof-of-stake (PoS) cryptocurrencies like Binance Coin, Solana, Avalanche, LivePeer, Graph, Cosmos, and Audius allow users to earn yields. […]
Do Kwon accused of siphoning $8M a month from failed Terra project
November 9, 2022
Do Kwon accused of siphoning $8M a month from failed Terra project? @WatcherGuru claimed Terra staff told Securities and Exchange Commission (SEC) investigators that Do Kwon had been withdrawing $80 million a month before the LUNA/UST crash. A month has passed since UST lost its dollar peg, resulting in the loss of $60 billion. During […]
November 8, 2022
According to Deloitte, 75% of merchants expect to accept cryptocurrency payments over the next 24 months. The main motivations for wanting to use crypto payments were to improve customer experience, grow their client base, and have their brand be seen as “cutting edge.” According to a new Deloitte poll, three-quarters of US merchants aim […]
The entire Bitcoin downtrend is due to macroeconomic pressures in the United States.
November 8, 2022
The entire Bitcoin downtrend is due to macroeconomic pressures in the United States. Since the fall in December 2021, there have been many sell-off patterns in bitcoin. The drop in prices of the digital asset over the previous several months has been attributed to these sell-offs. Naturally, sell-off patterns may be measured in terms […]
November 5, 2022
Madison Cawthorn’s crypto promotion is being investigated by the US House Ethics Committee for possible insider trading The House Ethics Committee said on May 23 that it is investigating North Carolina Representative Madison Cawthorn for the illegal promotion of cryptocurrencies. The investigation is looking at whether Cawthorn marketed a cryptocurrency in which he had an […]
The number of crypto funds under management has dropped to its lowest level since July 2021
November 4, 2022
The number of crypto funds under management has dropped to its lowest level since July 2021 Last week, outflow s from digital asset investment products, bringing their total assets under management (AUM) to $38 billion, the lowest level since July 2021. Bitcoin (BTC) was the major focus of withdrawals for the week, according to the […]
Inflows to Bitcoin and Ethereum Exchanges Suggest Sell-Offs Aren’t Over
November 4, 2022
Inflows to Bitcoin and Ethereum Exchanges Suggest Sell-Offs Aren’t Over The UST crisis spurred a wave of market sell-offs, with Bitcoin and Ethereum at the forefront. Sellers have continued to dominate the market since then, and even though buyers have made major movements, it remains a seller’s market. With the start of the new week, […]
November 3, 2022
Following the Terra Meltdown, South Korean authorities are looking to scrutinize exchanges more closely According to The Korea Times, South Korea’s financial regulators are considering enacting legislation to subject crypto exchanges to tighter scrutiny in the aftermath of Terra’s demise. The National Assembly emergency seminar this week focused on cryptocurrency. The Terra stablecoin UST and […]
As the crypto fear index drops to a two-year low, market sentiment is dangerously negative
November 3, 2022
As the crypto fear index drops to a two-year low, market sentiment is dangerously negative The bearish feeling in the cryptocurrency market has returned. Since the Terra crisis began and investors hurried to get out of the market, this has been brewing. As a result of this, and concerns that the market is about to […]
Until the end of 2023, Thailand exempts cryptocurrency transfers from VAT
November 3, 2022
Until the end of 2023, Thailand exempts cryptocurrency transfers from VAT Thailand’s government has legally provided a VAT exemption for cryptocurrency transfers made through government-approved exchanges. The tax discount will apply to digital money issued by the Bank of Thailand until the end of next year. In Thailand, investors who move cryptocurrencies and digital tokens […]
New LUNA tokens are being listed on exchanges as an early sign of support for Terra’s rebirth
November 3, 2022
New LUNA tokens are being listed on exchanges as an early sign of support for Terra’s rebirth The halted Terra Classic network is likely to resurface as Terra 2.0, and HitBTC aims to launch Terra’s brand new coin LUNA on May 27. The inclusion of Terra’s fresh new currency, also known as LUNA, on crypto […]
NFTs are classified as financial assets in Hong Kong, which also requires licencing.
November 2, 2022
NFTs are classified as financial assets in Hong Kong, which also requires licencing. In a recent advising paper, Hong Kong’s Securities and Futures Commission (SFC) acknowledged NFTs as “collective investment schemes” as opposed to collectibles. NFTs now fall under the SFC’s purview as a result of the recognition. The regulator views NFTs as extremely risky […]
Ethiopian Central Bank Requests Citizens to Stop Using Cryptocurrencies
November 2, 2022
Ethiopian Central Bank Requests Citizens to Stop Using Cryptocurrencies Ethiopian Central Bank Requests Citizens to Stop Using Cryptocurrencies. The National Bank of Ethiopia (NBE) has said that it does not accept cryptocurrency as a valid form of payment and that citizens should refrain from doing so. The bank maintains that the local birr is the […]
Solana To Support DeFi, NFT, And GameFi In South Korea With A $100M Fund
November 2, 2022
Solana To Support DeFi, NFT, And GameFi In South Korea With A $100M Fund Solana (SOL) has created a $100Million fund to support cryptocurrency projects in the country. The main sectors to benefit from the fund are DeFi, gaming, and Non-fungible tokens (NFTs). Also, the fund is to support some projects built on the […]
Binance and TripleA collaborate on a cryptocurrency payment method
November 1, 2022
Binance and TripleA collaborate on a cryptocurrency payment method For its new universal crypto payment gateway for its Binance Pay payment function on its mobile applications, Binance has picked the cryptocurrency payment processor TripleA. A press release on June 10 stated that the new cooperation would be crucial in assisting with the expansion of Binance […]
Blockchain Company Edge Introduces a Private Crypto Mastercard
November 1, 2022
Blockchain Company Edge Introduces a Private Crypto Mastercard A private cryptocurrency Mastercard that doesn’t require KYC information and doesn’t charge transaction fees has been launched, according to the San Diego-based cryptocurrency company Edge. Privacy advocates should rest easy knowing that the Edge Mastercard has “no name or address linked with it,” according to the […]
In Japan, Mars4 Metaverse is Selling Well
November 1, 2022
In Japan, Mars4 Metaverse is Selling Well The market for cryptocurrencies isn’t moving. Investors are wary and circumspect while making investments. However, some attempts succeed even in these conditions: The play-to-earn initiative Mars4 has experienced an increase in NFT revenues. Mars4 is expanding as a result of planned releases (such a game demo) and […]
November 1, 2022
A Nigerian court sentences a cryptocurrency fraudster to one year in prison with the possibility of a fine. An individual accused of defrauding an unwary cryptocurrency investor has been found guilty and given a one-year prison sentence by a Nigerian court. The prosecution said in its charge sheet that the guy should face appropriate […]
Bitcoin of America increases ATMs across the U.S. by more than 30%
November 1, 2022
Bitcoin of America increases ATMs across the U.S. by more than 30% Virtual currency exchange company Bitcoin of America has increased its number of ATMs by more than 30% since May. Bitcoin of America had nearly 1,800 Bitcoin ATMs in March. In two months, this number increased to more than 2,500 BTMs in more than […]
October 31, 2022
Stablecoins and Defi need to be regulated immediately, and the ECB won’t rule out a ban on bitcoin mining. A new European Central Bank (ECB) report, called “a deep dive into crypto financial risks,” calls for “proper” regulation and oversight of stable currencies and decentralized finance (challenge). It also addresses the hot topic of […]
Russian Blockchain as SWIFT Replacement to Prevent Bank and Nation Disconnection
October 31, 2022
Russian Blockchain as SWIFT Replacement to Prevent Bank and Nation Disconnection A Russian university is ready to test a blockchain-based equivalent to SWIFT, the global payment messaging network that has been shut down by Russian banks under Western sanctions. The developers say their system does not allow the disconnection of countries and banks. Russian developers […]
NFT Auction of Eurovision Winners Raises $900,000 for Charity
October 30, 2022
NFT Auction of Eurovision Winners Raises $900,000 for Charity The Eurovision Song Contest champions Kalush Orchestra successfully auctioned off an NFT to benefit charity. The auction, which garnered $900,000 in cryptocurrency for Ukraine, was held on MetaHistory, the official charitable NFT museum of Ukraine. WhiteBIT, the biggest cryptocurrency exchange in Europe and a Ukrainian company, […]
Bitcoin narrowly avoids a record-breaking 10 weeks of losses
October 30, 2022
Bitcoin narrowly avoids a record-breaking 10 weeks of losses Bitcoin’s June 5 close price of $29,997, just above the $29,422 threshold needed to be in the green, ended a record 9-week pattern of finishing in the negative. In the last day, the price of Bitcoin increased by 5%, rising from $29,984 to $31,600 at the […]
TrueFi joins Optimism, bringing on-chain credit to more people.
October 30, 2022
TrueFi joins Optimism, bringing on-chain credit to more people. Protocol for unsecured lending TrueFi is the newest project to debut on Optimism, Ethereum’s popular layer-2 scaling solution, which is expected to increase demand from non-institutional lenders. TrueFi’s lender community will benefit from a speedier and less expensive user experience, as well as exposure to […]
A Look Inside MicroStrategy’s $2.4 Billion Bitcoin Purchase Loan
October 30, 2022
A Look Inside MicroStrategy’s $2.4 Billion Bitcoin Purchase Loan With its multiple substantial purchases, software firm MicroStrategy has secured its place as a key Bitcoin player. The firm, which is worth $1 billion, placed a large amount of its own money into buying bitcoin, but the rest of the money came from loans. Convertible […]
UNITBOX: Introducing Collateral-free NFT Renting and First Rent-to-Earn Tool
October 29, 2022
UNITBOX: Introducing Collateral-free NFT Renting and First Rent-to-Earn Tool With the total value locked in GameFi crossing $28 billion, game development giants the likes of Electronic Arts and Ubisoft are exploring the Play-To-Earn (P2E) space. Originally perceived solely as entertainment, today gaming has transformed into a means of making a substantial profit. It’s now […]
October 29, 2022
A retirement service provider has filed a lawsuit against the US Labor Department on its bitcoin guidelines. A retirement savings service provider, ForUsAll, is suing the U.S. Department of Labor over recent guidance issued to fund managers and companies that offer 401(k) holders the option to invest in crypto-assets, The Wall Street Journal reported. […]
According to the CBDC Tracker, 105 countries are investigating central bank digital currencies.
October 28, 2022
According to the CBDC Tracker, 105 countries are investigating central bank digital currencies. 105 nations are now investigating central bank digital currencies (CBDCs). 50 of them are in an advanced stage of investigating digital currencies (development, pilot, or launch). The Central Bank Digital Currency (CBDC) Tracker has received a significant update from the Geoeconomic […]
Regulatory Sandbox Participation by Crypto Firms Is Welcome, According to the Central Bank of Uganda
October 28, 2022
Regulatory Sandbox Participation by Crypto Firms Is Welcome, According to the Central Bank of Uganda It has been suggested by the Bank of Uganda (BOU) that it is amenable to the notion of crypto companies taking part in the regulatory sandbox. Following discussions with a delegation from the Blockchain Association of Uganda, the central bank […]
What does it indicate when bitcoin miners sell during the recession?
October 28, 2022
What does it indicate when bitcoin miners sell during the recession? Bitcoin miners are liquidating their assets in the face of tightening budgets and sluggish growth in the cryptocurrency sector. Lark Davies, a crypto YouTuber, said that this has been occurring since the beginning of the cryptocurrency meltdown. Typically, miners keep their tokens until […]
Do Kwon dissolved Terraform Labs Korea just days before the LUNA accident
October 27, 2022
Do Kwon dissolved Terraform Labs Korea just days before the LUNA accident. A stunning locating of felony files may shed mild at the reason for the famed LUNA and UST pricing drops. The dramatic tale of the Terra (LUNA) crash — dubbed the “Lehman Brothers of crypto” with the aid of using some — has […]
Cardano (ADA) Struggles At $0.524; Bullish Trend Is On The Way
October 27, 2022
Cardano (ADA) Struggles At $0.524; Bullish Trend Is On The Way Cardano (ADA) prices suggest that bulls are attempting to take control of the market in order to reverse the negative trend. ADA prices have been hovering around $0.5, with rejection at $0.628. Furthermore, the market has suffered a significant price decrease of 7% […]
October 27, 2022
Lagarde and Panetta from the ECB believe that cryptocurrency is not the most efficient form of payment. Senior officials of the European Central Bank have noted in a new document on the development of the digital euro that unsecured digital currencies are not effective means of payment and stable currencies are vulnerable to coercion. Leaders […]
UK legislators approve the use of cryptocurrencies as regulated financial instruments.
October 25, 2022
British lawmakers have voted in the House of Commons to recognize cryptocurrencies as regulated financial instruments in the country. The motion, introduced by representative Andrew Griffiths, was approved by the House of Commons after its second reading on 25 October. The Griffith move seeks to include crypto assets in services regulated by the Financial Services […]
Although there is still pressure on bitcoin miners to sell, falling production costs offer relief.
October 25, 2022
Although there is still pressure on bitcoin miners to sell, falling production costs offer relief. The recent decline, along with countless other factors, has put pressure on Bitcoin mining companies. According to Politico, miners have had to contend with rising interest rates, rising energy costs and falling prices, which means lower demand and shrinking […]
October 25, 2022
After bankruptcy filing, Celsius Network’s token CEL falls by 58 percent, and the purported “short squeeze” fails. In the last 30 days, Celsius Network’s native CEL token has gained more than 140% against the U.S. dollar. On July 13, shortly before the creditor filed for Chapter 11 bankruptcy, CEL traded at $ 0.961 per unit. […]
Polkadot is Making Progress as New Parachains Join the Party
October 23, 2022
Polkadot, the sleeping giant of the crypto sphere, has just completed its most profitable quarter to date. While the industry has focused on the prevailing massacre in its lending and venture capital sectors, Polkadot’s developers have quietly sent hundreds of forkless upgrades to their platform-based networks, and the Web3 Foundation has awarded dozens of grants. […]
October 21, 2022
Equitiesfirst Named as Mysterious Debtor to Celsius, Owing $439 Million to Crypto Lender, According to the Report Since Celsius suspended the withdrawals on June 12, the company has been concentrating on the lender’s financial problems. A month later, Celsius filed for bankruptcy in the United States. Two days after the bankruptcy, a report revealed that […]
Thailand’s Oldest Lender Postpones Purchasing Bitkub Exchange Due to Tighter Crypto Regulations
October 21, 2022
The company that owns Thailand’s Siam Commercial Bank has delayed a deal to buy a controlling stake in the country’s largest cryptocurrency exchange, BitCup. The decision was made against the backdrop of tight digital currency regulations that limit the growth of domestic cryptocurrency trading. SCB X, the parent company of Siam Commercial Bank, filed its […]
October 19, 2022
Zambian Kwacha surpasses the Russian Ruble to become the world’s best-performing currency thanks to IMF bailout approval. The southern African country’s currency, the kwacha, rose 3.1 percent after the International Monetary Fund announced approval of an aid package for Zambia. After this growth, the kvacha surpassed the Russian ruble to become the world’s best currency […]
October 18, 2022
Do Kwon’s passport will be revoked by South Korea’s ministry of foreign affairs, according to a report. According to local reports from South Korea, the Ministry of Foreign Affairs is seeking to cancel the passport of Doo Kwon, one of the founders of Terraform Laboratories. The story comes a day after it was announced that […]
In light of the weak market, US states are reconsidering crypto tax payments.
October 18, 2022
In light of the weak market, US states are reconsidering crypto tax payments. According to Bloomberg News on July 5, U.S. states are reconsidering accepting tax payments due to the bear market prices, with the exception of Colorado and Utah. Although Colorado and Utah didn’t flinch, they still need to work out administrative issues […]
Tornado Cash is unique, according to TRM Labs, in reaction to OFAC sanctions
October 15, 2022
Tornado Cash is unique, according to TRM Labs, in reaction to OFAC sanctions. DRM Labs is a blockchain analytics company that helps identify blockchain risks for financial institutions, crypto businesses and government agencies. The company provides a variety of services, including risk assessment of virtual asset service providers and other crypto businesses, investigation of the […]
Partnership Between GigaSpace Metaverse and STEPN
October 15, 2022
They formed a strategic partnership to create the STEPN Virtual City in GigaSpace. New GigaSpace Metawares has entered into a strategic partnership with the STEPN fitness program to create a STEPN virtual city for its community. Sharing the same vision with STEPN – building a bridge connecting Web2 & Web3, GigaSpace is building a virtual […]
Ethereum Wallet Metamask Adds Bank-to-Crypto Transfers via Sardine
October 15, 2022
Ethereum-based wallet Metamask has added instant bank-to-crypto transfers via the Automated Clearing House (ACH) settlement merchant, according to a Consensys blog published on October 11. Metamask users can exchange fiat for over 30, crypto tokens “With Sardine’s new instant ACH integration, you can buy cryptocurrencies instantly without settlement delays,” explained Consencis in a recent blog […]
Mike Alfred, an investor, criticises HEX as it drops below $0.04
October 14, 2022
Mike Alfred, an investor, criticises HEX as it drops below $0.04. Prominent investor Mike Alfred recently criticized Hex for the mining token falling below $0.04. The bulls pushed the price above this level to $0.042. However, HEX has lost 85% of its value since the beginning of the year and is down 92% from its […]
October 14, 2022
Before the worst economic crash in history, Robert Kiyosaki urges investors to invest in cryptocurrencies now. Robert Kiyosaki, author of the best-selling book Rich Dad Poor Dad, predicted the worst economic collapse in world history and urged investors to immediately move into digital currencies. “Now is the time for you to do cryptography,” he emphasized. […]
Avalanche’s lead Ethereum developer prevented an ecosystem meltdown worth $24 billion.
October 14, 2022
Avalanche’s lead Ethereum developer prevented an ecosystem meltdown worth $24 billion. Ethereum developer Peter Szilagyi published his vulnerability report detailing how a bug discovered in Avalanche could bring down the entire network. On March 29, 2022, Péter Szilágyi discovered a bug in the PeerList Avalanche package that could easily be exploited by an attacker. He […]
As more than $150 million is liquidated in 24 hours, ETH drops below $1,500.
October 14, 2022
As more than $150 million is liquidated in 24 hours, ETH drops below $1,500. The biggest liquidation candle of the month erased most of Ethereum’s post-merger gains. After the transition to the Proof of Stake network, ETH reached $1,640, which many believe will be the start of an uptrend. However, aggressive liquidation pushed the price […]
The NBA and Sorare Collaborate to Create a Licensed NFT Game
October 13, 2022
The NBA and Sorare Collaborate to Create a Licensed NFT Game. French fantasy gaming startup Sorare has struck a deal with the National Basketball Association (NBA) to develop a non-fungible token (NFT) game under its license. The company, which has already signed similar agreements with a number of European soccer leagues, including North America’s Major […]
October 13, 2022
The sale of the “Bowie on the Blockchain” NFTs by the David Bowie Estate has received criticism from fans. David Bowie’s estate has just announced the launch of a set of non-fungible tokens (NFT) called Bowie on Blockchain. However, after the official announcement, many Bowie fans condemned the scheme and called it a pyramid scheme. […]
Apple Refused to Respond to Lawsuit Regarding Crypto Wallet App
October 13, 2022
Apple Refused to Respond to Lawsuit Regarding Crypto Wallet App. Apple has been saved from a “Toast Plus” class action lawsuit over a fake crypto wallet app on the Apple App Store. A federal judge in California ruled that it is a protection. A customer sued a tech company after downloading a fraudulent program and […]
Bank of England: Enhanced regulatory and legal frameworks are required for cryptocurrencies.
October 12, 2022
Bank of England: Enhanced regulatory and legal frameworks are required for cryptocurrencies. The Bank of England says that “strong fluctuations” in the cryptographic market emphasize the need for a high-level supervision and legal framework. The central bank of England warned that the encrypted price is likely to be higher. The Central Bank Financial Policy Committee […]
Saudi Arabia’s Central Bank Appoints a Program Lead for Virtual Assets and Digital Currency
October 12, 2022
Reports suggest that the Central Bank of Saudi Arabia has appointed Mohsen Al-Zahrani to head the bank’s virtual assets and digital currency program. The emergence of the United Arab Emirates (UAE) as a regional crypto hub has apparently prompted Saudi authorities to consider formal crypto regulation. According to a statement, the Central Bank of Saudi […]
October 12, 2022
Investor Files Lawsuit Against Korean Crypto Exchange for Postponing Coin Transfer Prior to Luna Crash. A cryptocurrency investor has reportedly filed a lawsuit against South Korean cryptocurrency exchange Abid after the trading platform was detained prior to the deactivation of the Luna exchange. Korea Crypto Exchange is investigating the details of this case. Dunamu, the […]
The Reserve Bank of India presents the CBDC model.
October 8, 2022
The Reserve Bank of India presents the CBDC model. The Reserve Bank of India (RBI) is finalizing plans to launch a pilot phase of issuing its central bank’s digital currency, the ‘Digital Rupee’. The Reserve Bank of India released a concept paper on 7 October outlining its drivers, design options and technical considerations for the […]
Community of Wonderland approves spending $25 million on ex-treasury manager tokens.
October 7, 2022
Community of Wonderland approves spending $25 million on ex-treasury manager tokens. The community of Wonderland has agreed to buy Sifu Vision tokens worth $ 25 million. This comes months after Sifu was forced to resign as director of the Wonderland Treasury because of his criminal past. DeFi Protocol approved the management plan to invest in […]
Russian Man Arrested for Swindling $300,000 in Mining Equipment Buyers
October 5, 2022
Police in the southern Russian city of Astrakhan have arrested a man on charges of defrauding people who wanted to buy crypto miners. Police officers say the suspect made millions of rubles from fake sales of mining equipment to Russian citizens and foreigners. A resident of Kazan, the capital of the Russian republic of Tatarstan, […]
Singapore’s new attitude on cryptocurrencies
October 3, 2022
Singapore’s new attitude toward cryptocurrencies As recently as last year, Singapore was preparing to emerge as a significant cryptocurrency centre. However, in reaction to the market’s slump and liquidity issue, regulators are hardening their stance. Sopnendu Mohanty is the chief fintech officer at the Monetary Authority of Singapore (MAS), the country’s central bank, according […]
To include NFTs into its products, Uniswap Labs buys Genie.
October 3, 2022
To include NFTs into its products, Uniswap Labs buys Genie. The decentralised exchange’s development team, Uniswap Labs, declared that it has acquired Genie, the first NFT marketplace aggregator ever created. The acquisition of Genie, according to the company’s release, would broaden the Uniswap (UNI) ecosystem and incorporate NFTs as well as ERC-20 tokens into its […]
The capitalisation of the cryptocurrency market rose by 11% in a week.
October 3, 2022
The capitalization of the cryptocurrency market rose by 11% in a week. The price of Bitcoin dropped on June 13, which negatively impacted the cryptocurrency industry. This week’s market capitalization ranged from $ 867 billion to $ 955 billion. This occurs when investors begin to remove their bitcoins from exchanges and analysts predict further […]
Wechat will restrict accounts from offering certain NFT and cryptocurrency services.
October 3, 2022
Wechat will restrict accounts from offering certain NFT and cryptocurrency services. According to a news source, Tencent’s Wechat plans to penalise public accounts that facilitate the secondary trade of NFTs. The new law also targets accounts that provide cryptocurrency transaction channels and advice. The Chinese internet giant Tencent’s instant messaging, social networking, and mobile payment […]
October 2, 2022
Do Kwon Says There’s a Difference Between Failing and Fraud in Interview About Being “Devastated” by LUNA Collapse In a recent interview with the Wall Street Journal, Terraform Labs (TFL) founder Do Kwon expressed his “devastation” over the mid-May implosion of LUNA and UST (WSJ). Prior to LUNA’s collapse, he declared himself to be a […]
Russia will test out digital ruble payments for real estate transactions.
October 2, 2022
Russia will test out digital ruble payments for real estate transactions. The Russian press claimed that the Central Bank of Russia and partner commercial banks intend to test alternative payment methods using the digital ruble. The idea is to test out smart contracts and real estate and cryptocurrency asset acquisition deals. According to the […]
Max Keiser speculates that the SEC’s refusal of a spot Bitcoin ETF may be due to corruption.
October 2, 2022
Max Keiser speculates that the SEC’s refusal of a spot Bitcoin ETF may be due to corruption. Max Keiser, a proponent of bitcoin, commented on the lack of a BTC Exchange-Traded Fund (ETF) in the United States, calling it “unconscionable” for the Securities and Exchange Commission (SEC) to keep rejecting applications. The first U.S. short […]
Launch of a Stablecoin Linked to the British Pound Sterling by Tether
October 2, 2022
Launch of a Stablecoin Linked to the British Pound Sterling by Tether The organisation behind the most valuable stablecoin in terms of market capitalization, Tether, on Wednesday unveiled GBPT, a new fiat-pegged stablecoin pegged to the value of the British pound sterling. The announcement comes after Tether recently launched MXNT, a cryptocurrency asset tied to […]
The market cap of ApeCoin dropped by $2.5 billion in May- Is investor interest waning?
October 2, 2022
The market cap of ApeCoin dropped by $2.5 billion in May- Is investor interest waning? One of the “rising stars” in the cryptocurrency industry, ApeCoin, was unavoidably brought down by the crypto market collapse in May. In spite of the devastating crypto market fall, ApeCoin’s price has performed well. The bulls were nevertheless able to […]
The NBA and Sorare Collaborate to Create a Licensed NFT Game
October 1, 2022
The NBA and Sorare Collaborate to Create a Licensed NFT Game. The National Basketball Association (NBA) and French fantasy gaming company Sorare have agreed to work together to create a Non-Fungible Token (NFT) game under license. The business is now an official partner of the NBA after concluding similar arrangements with many European soccer leagues, including […]
October 1, 2022
Compass Mining disputes claims of an unpaid $1.2 million power bill and announces the resignation of its CEO and CFO. Both the CEO and CFO of Compass Mining, a hosting firm that provides managed mining services to Bitcoin (BTC) miners, have resigned. According to the business, it has had “many failures and disappointments” that have […]
$10 million is raised by a Japanese virtual IP firm to boost its metaverse business.
October 1, 2022
$10 million is raised by a Japanese virtual IP firm to boost its metaverse business. Japanese Virtual IP, Brave Group, recently stated that millions have earned 10 million in new capital, and the company is expected to increase customer services in Mettavars’ marketing business. The company is held in the last financial round of a […]
How Will The Price React When Cardano Releases A New Update On The Testnet?
October 1, 2022
How Will The Price React When Cardano Releases A New Update On The Testnet? Cardano is steadily progressing through the majority of the network-building stages. The fourth of Cardano’s five development phases, the Basho phase, is currently in process. Goguen, Byron, and Shelley, the first three phases, offer smart contracts, the foundation, and decentralization, […]
Just days after the naira hit a new low, the Nigerian Central Bank increased the key interest rate.
September 28, 2022
Just days after the naira hit a new low, the Nigerian Central Bank increased the key interest rate. After the recent monetary policy meeting, the Central Bank of Nigeria announced that it has raised the monetary policy rate to 15.5%. The central bank hopes to narrow the negative real interest rate gap and curb inflation […]
Cosmoverse shows out the power of the Cosmos ecosystem despite ATOM’s price problems.
September 28, 2022
Cosmoverse shows out the power of the Cosmos ecosystem despite ATOM’s price problems. The last day of Cosmoverse in Medellin ends amid a festive atmosphere in South America, where few believe a bear market is underway. Creators, investors and fans of the Cosmos ecosystem gathered in Colombia to celebrate the world of Cosmos and announce […]
According to research, bitcoin mining accounts for 0.10 percent of global greenhouse gas emissions.
September 27, 2022
According to research, bitcoin mining accounts for 0.10 percent of global greenhouse gas emissions. According reports published by the Cambridge Center for Alternative Finance (CCAF), global Bitcoin mining is responsible for about 0.10% of global greenhouse gas (GHG) emissions, or 48.35 million tons of carbon dioxide per year. In addition, the CCAF report details that […]
September 27, 2022
Nubank, a digital bank in Brazil, has announced a new milestone in its operations. The company announced that it has reached 70 million customers in Latam, making it one of the largest financial institutions in Brazil. The company also announced that nearly 2 million of its customers are digital currency investors. Due to the unique […]
Technical Analysis of Bitcoin and Ethereum: Bulls Return to Crypto Markets, BTC Back Above $20,000
September 26, 2022
After a rough start to the week, bitcoin returned to green on Tuesday as the token rallied above $ 20,000. This move pushed prices to their highest point in nearly two weeks, breaking through a key resistance level in the process. Ethereum was also trading higher approaching the $ 1,400 level. Bitcoin (BTC) got closer […]
September 25, 2022
Elon Musk’s Boring Company accepts self-contained cryptocurrency as payment for rides through its Las Vegas loop transportation system. Musk confirmed he would “support Tuke if possible.” Tesla has already implemented self-encryption for some products, and SpaceX will soon follow suit. Dull, founded by CEO by Tesla Elon Maskak, said the Las Vegas transportation system […]
To combat tax evasion, Colombia intends to introduce digital currency.
September 25, 2022
To combat tax evasion, Colombia intends to introduce digital currency. The government of Colombia plans to launch a digital currency. One of the goals of this new currency is to prevent tax evasion and improve the traceability of citizen transactions. The proposed measure would limit cash transfers and transactions worth more than 10 million Colombian […]
Russian official suggests giving foreigners anonymous entry points to the digital ruble
September 15, 2022
According to a senior member of the Russian parliament, foreigners will be able to buy the future Russian digital ruble through anonymous entry points. This idea in Moscow aims to protect these investors against Western sanctions. Volodymyr Kudan, head of the Duma Industrial Committee, said his telegraph channel on Tuesday, that the risk of entering […]
China’s market for virtual reality gaming might grow to above $100 billion, according to JPMorgan
September 14, 2022
China’s market for virtual reality gaming might grow to above $100 billion, according to JPMorgan. Analysts at JP Morgan believe that the metaphorical gaming market in China could explode even with the current regulatory environment, which presents some challenges for implementation. Companies like Tencent, Netizens and Philly are among JPMorgan’s choices to benefit from this […]
September 5, 2022
Action Point, an Argentine startup, creates a white label solution to integrate cryptocurrency into conventional ATMs. Argentinian startup Action Point has developed a white label solution that allows banks to offer crypto services through existing ATM infrastructure. The company offers this service in partnership with Lirium AG, a cryptocurrency-as-a-service company, and has already implemented the […]
The Argentine Tax Authority Wins a Significant Case to Seize Money from a Digital Account
September 4, 2022
The Argentine Tax Authority Wins a Significant Case to Seize Money from a Digital Account. The Argentinian Tax Authority (AFIP) has won a historic case to seize taxpayer funds from a digital account. The case, which was won in an appeal in the Federal Chamber of Mar del Plata, might bring about more seizures of […]
Fears that a CBDC will disrupt mobile money operations are allayed by the Ghanaian central bank
September 4, 2022
Ghana Bank has stated that the implementation of the central bank’s digital currency will not affect the effectiveness of mobile money operators. In contrast, digital currency expects Ghana compromise systems to improve the efficiency of “business boundaries”. The central bank of Gana fears that the central bank digital currency (CPDC), the so-called E-CDI, can negatively […]
This Week’s NFT Sales Jump 26% Higher Than the Week Prior, Bored Ape #6,588 Sells for $1.17M
September 4, 2022
This Week’s NFT Sales Jump 26% Higher Than the Week Prior, Bored Ape #6,588 Sells for $1.17M. Sales of non-fungible tokens (NFT) increased by 26.76% this week as NFT sales figures recorded $180.43 million in NFT trading this week compared to $142.33 million last week. While Ethereum-based NFTs took the lead this week with $79.2 […]
The Passport of Belarus President Lukashenko is For Sale by Hackers
September 3, 2022
Anti-government hackers have tried to sell what appear to be NFTs from Belarusian President Oleksandr Lukashenka’s passport. Members of the group “Cyber Partisans of Belarus” claim that they received the passport data of all citizens of this country. Try to list the NFF -Pasport Collection in Cyber Partners from Belarus Oban. A group of Hacker […]
Ripple will take part in the CBDC Sandbox Program of the Digital Dollar Project
September 2, 2022
Ripple will take part in the CBDC Sandbox Program of the Digital Dollar Project. The non -profit organization, which creates a digital dollar project, has announced a Santbox program to start the planned technical processes of digital currency. Project Digital Dollar is one of four participants who are expected to review “technical issues and business […]
September 2, 2022
Kyle Roach, an attorney and founding partner at boutique cryptocurrency firm Roach Freedman LLP, recently dropped several lawsuits filed by the law firm. The attorney’s recusal seeks videos showing the attorney discussing interactions with crypto companies. Stablecoin issuer Tether is seeking dismissal of a class action lawsuit against litigation firm Roche Friedman after prosecutors filed […]
September 2, 2022
Updated list of Mt. Gox creditors; trustee states that the rehabilitation custodian is “now preparing to make repayments.”. On August 31, 2022, Mt Gox trustee Nobuaki Kobayashi explained in a recent letter that the rehabilitation trustee is “currently ready to pay” Mt Gox’s creditors. Speculation and rumors about the release of 140,000 Bitcoins (BTC) from […]
Nitro Rollup Stack Migration is Implemented by Arbitrum’s L2 Scaling Solution
September 1, 2022
Nitro Rollup Stack Migration is Implemented by Arbitrum’s L2 Scaling Solution. Arbitrum’s Layer Two (L2) Scaling Solutions revealed Wednesday that a consolidated migration of the project’s Nitro stack has been implemented. Orbitrum developers noted earlier this month that the nitrous migration will reduce network costs and improve performance. Arbitrum, an Ethereum L2 scale solution managed […]
September 1, 2022
Precious metals markets have been volatile in recent weeks as the price of gold fell below $1,700 an ounce to a six-week low. Silver fell in a range of $18 to $17.80 an ounce. While gold and silver were down 0.85% – 0.89% against the dollar in the past 24 hours, platinum was down 2.82% […]
Salvadoran Bitcoin Bonds, according to Bitfinex CTO Paolo Ardoino, will be further delayed
September 1, 2022
Salvadoran Bitcoin Bonds, according to Bitfinex CTO Paolo Ardoino, will be further delayed. El Salvador’s Bitcoin bond to partially finance the construction of the country’s Bitcoin City has been delayed again. Bitfinex CTO Paulo Arduino said in a recent interview that the exchange on which these bonds will be issued is not yet ready for […]
Congress Investigates Crypto Fraud Crackdown, Questioning Coinbase, FTX, Binance, and Kraken
September 1, 2022
Four Americans have asked for information on what they are doing to combat fraud and cryptocurrency fraud. The Parliamentary Committee sent letters to federal agencies and five cryptographic operations. The Parliament Overview and Reforms committee made four US, sent by letters from federal agencies and five encryption operations. These four agencies are the Treasury Department, […]
South African Court Releases Former Monero Developer Riccardo Spagni From Custody
August 31, 2022
South African Court Releases Former Monero Developer Riccardo Spagni From Custody. A South African district court recently ordered the release of Monroe’s former boss, Ricardo Espany. According to the report, the warrant was issued several days after his arrest by local law enforcement. Before his release, Spagna, aka Fluffy Pony, told the court that he […]
August 31, 2022
Cryptocurrency Investors and Service Providers in South Africa Are Warned of the Legal and Tax Consequences of the Central Bank’s Plan. The South African Tax Advisor of the Southern Tax of SAA, the last announcement of the Central Bank – oversees the Control of Encryption for 12-18 months – has legal and tax consequences on […]
Crypto owners banned from working on US Government crypto policies
August 26, 2022
Crypto owners banned from working on US Government crypto policies Private cryptocurrency officials are now prohibiting working in regulations and policies that affect digital securities. The new advice given by the US officials (OG) on Tuesday allows owners to have special entry to serve this security policy – this is not used when using encryption […]
In 2022, Shiba Inu will introduce the SHI stablecoin and TREAT incentive token.
August 26, 2022
In 2022, Shiba Inu will introduce the SHI stablecoin and TREAT incentive token. Shiba Inu (SHIB) chief developer Shaitoshi Kusama has released a new update to the MemeCoin community on plans to launch a stable currency and reward token. According to Kusama, SHI Stablecoin will not be affected by market fluctuations. He acknowledged that there […]
Marathon Achieves 254 Megawatts to Support Business’ 2023 Bitcoin Mining Objectives
August 25, 2022
Marathon Achieves 254 Megawatts to Support Business’ 2023 Bitcoin Mining Objectives Bitcoin mining operation Marathon has announced that it has secured 254 megawatts of new hosting contracts, with the possibility of expanding to 324 megawatts (MW). Marathon’s latest development contracts should support the bitcoin mining company’s target of approximately 23.3 exits per second (EH / […]
August 23, 2022
Celsius accuses KeyFi in a lawsuit. Over 1,000 ETH in investor cash for NFTs were stolen by Jason Stone. Jason Stone Kefi presented a case against Celsius, claiming that Salia owes millions of dollars millions of dollars, and is now complaining about the theft of the fake government and the customer budget. He did it. […]
Launch of the ENS connection with Coinbase
August 23, 2022
Launch of the ENS connection with Coinbase. Coinbase’s Ethereum Name Service (ENS) integration is enabled and converts wallet usernames to ENS subdomains of Coinbase IDs. Users can change their ENS names once a year and use them however they want, as long as they comply with Coinbase’s yet-to-be-announced subdomain rules. ENS or Ethereum Name Service […]
August 20, 2022
According to Russia’s Financial Watchdog, cryptocurrency payments are accepted in international trade. The Russian financial control agency Rosfinmonitoring is ready to accept the use of digital currencies in international settlements, said the head of this department, Yuriy Chikanshin. The report adds growing support for legalization of international cryptocurrencies in Russia amid financial constraints imposed […]
Before the merger, Bitmain releases the 2,400 Megahash E9 Ethereum miner.
August 18, 2022
Before the merger, Bitmain releases the 2,400 Megahash E9 Ethereum miner. On July 6, the cryptocurrency maker of mining platform Bitmain announced the launch of Antminer E9, following the announcement of the device on April 15, 2021. This device has a speed of 2.4 GHz per second (GH / s) and is sold by […]
Solana (SOL) Sees Potential Wipeout Based On Bearish Technical Indicator
August 17, 2022
Solana (SOL) Sees Potential Wipeout Based On Bearish Technical Indicator. Olana (SOL) is up more than 75% after falling to $25.75 in the last two months. The SOL forms a head and shoulders pattern, which indicates an upward trend. Solana’s 75% gain witnessed in the past two months may be a potential fake-out. SOL price […]
August 14, 2022
Publisher of blockchain games Animoca Brands receives $75M, increasing the company’s pre-money valuation to $5.9B Animoga Brands, an interchangeable token and blockchain gaming company, has announced it has raised $ 75 million from Kingsway Capital, Liberty City Ventures and other investors. The $ 75 million capital injection increased Animoga’s total valuation to $ 5.9 billion. […]
Picpay will provide cryptocurrency services to more than 60 million customers in Brazil.
August 13, 2022
Picpay will provide cryptocurrency services to more than 60 million customers in Brazil. Picpay, one of the most popular fintech payment companies in Brazil, has announced that it will start adding crypto services to its program. The company explained that the service includes buying cryptocurrency and paying directly with cryptocurrency. Picpay follows in the footsteps […]
Bearish attitudes start to “cool off” as Ethereum achieves further weekly inflows.
August 12, 2022
Bearish attitudes start to “cool off” as Ethereum achieves further weekly inflows. As Ethereum (ETH) announced its third consecutive week of gains, the weekly report from CoinShares for the week ending July 4 reveals that the adverse market attitude is fading. The study states that while overall assets under management (AuM) rebounded from an annual […]
All Tornado Cash ETH addresses are placed on Circle’s “blacklist,” thereby freezing USDC.
August 8, 2022
All Tornado Cash ETH addresses are placed on Circle’s “blacklist,” thereby freezing USDC.. All Tornado Cash Ethereum addresses specified in the US Treasury Department’s sanctions against the protocol have been “blacklisted” by Circle’s USDC. USDC Circle has added all Ethereum addresses belonging to Tornado Cash listed in the US Treasury sanctions against the protocol to […]
August 7, 2022
Brazilian Congress’s attempt to vote on a cryptocurrency bill fails, with a September discussion date set. Brazil’s Congress did not consider a proposed cryptocurrency bill this week. While the proposed public policy was indeed on the agenda, the lower house focused on debating bills that would lead to other issues, including health and digital education. […]
Research: Miner data shows Bitcoin could have bottomed
August 7, 2022
Getting the bottom of the desired bitcoin requires more analysis than its prices. One of the most reliable market level indicators throughout history has been data analysis. Miners, often considered one of the most resilient players in the crypto ecosystem, only give up when Bitcoin is more expensive than mine.Hash bands are a unique indicator […]
Hackers may have taken $4.8 million from a crypto exchange from ZB.com
August 3, 2022
Hackers may have taken $4.8 million from a crypto exchange from ZB.com. Blockchain researcher BexShield reported transferring approximately $4.8 million in digital currency from ZB.com.In a tweet on Wednesday, PeckShield suggested that hackers may be responsible for changing 21 types of exchange tokens, including Tether (USDT), Shiba Inu (SHIB) and Tesra (TSR), since Monday. According […]
When LUNA failed, South Korean venture capital company Hashed suffered a $3 billion loss.
August 3, 2022
When LUNA failed, South Korean venture capital company Hashed suffered a $3 billion loss.. Hashed CEO Simon Sojoon Kim told Bloomberg that the venture capital firm lost more than $3 billion on its Luna investment in May 2022. Hashed raised approximately 30 million LUNA tokens as an early investor in Terraform Labs’ $25 million investment […]
August 1, 2022
Cardano staking announced by institutional bank Sygnum sparks disagreements in the community on institutional adoption. Sygnum Bank, located in Zurich, stated that Cardano (ADA) staking has been added to its product offerings. Through its “institutional-grade banking platform to earn staking incentives,” the company stated its customers may now safely stake ADA. The decision, nevertheless, has […]
Condense, a Metaverse company, raises $4.5 million to speed up the adoption of VR streaming.
July 29, 2022
Bristol -based Bristol raised $ 4.5 million in its last seed chain, which produces technologies that produce technologies to broadcast virtual reality programs. Local CLOP under the guidance of 7 % of DeepTech’s investments and laboratories, the budget to deepen its relationships with more companies to deepen their relationships with artists, tags, content and site […]
Among the issues covered by Janet Yellen when she met with Japanese authorities was stablecoin.
July 27, 2022
Among the issues covered by Janet Yellen when she met with Japanese authorities was stablecoin. According to Reuters, U.S. Treasury Janet Yellen met with Bank of Japan Governor Haruhiko Kuroda to discuss several multilateral financial regulatory issues, including stable currencies. According to reports, the finance minister also met with Japanese finance minister Shunichi Suzuki and […]
Rio de Janeiro moves forward with its intentions to integrate Bitcoin
July 27, 2022
Rio de Janeiro moves forward with its intentions to integrate Bitcoin. In a recent interview, Rio de Janeiro’s Minister of Finance and Planning Andrea Senko said her team wants to encourage the adoption of Bitcoin (BTC) by adding a digital assets to the city’s treasury. What exactly does the government mean? Noko believes that the […]
Voyager declines the purchase of Alameda because it “harms customers.”
July 25, 2022
Voyager declines the purchase of Alameda because it “harms customers.”. Cryptocurrency’s centralized supplier has rejected its FDX digital assets and its investment Alematle Ventures, based on “high cost” and “harmful to customers”.As part of its current bankruptcy transaction, the letter was rejected by FDX and FDX lawyers on 24 July. Credit 3ac.The letter states that […]
July 25, 2022
Stats Display In the past three months, more than 53,000 wrapped bitcoins have been taken out of circulation. On the Ethereum and Binance smart chains, there were 441,546 closed or synthetic bitcoins with a value of $17.45 billion three months ago, based on exchange prices from April 24, 2022. The number of closed or closed […]
3 reasons why liquid staking is beneficial to the whole crypto ecosystem
July 25, 2022
3 reasons why liquid staking is beneficial to the whole crypto ecosystem. Proof of Stake (PoS) blockchains are waiting to share your cryptocurrency. However, low staking participation – only 24% of the entire staking platform market is invested – means that crypto enthusiasts have yet to realize its benefits. As PoS blockchains improve the crypto […]
Can Cardano (ADA) Reach $4 To Surpass Ethereum Market Cap?
July 21, 2022
Can Cardano (ADA) Reach $4 To Surpass Ethereum Market Cap? The eighth-largest cryptocurrency, Cardano (ADA), has just recently begun to show indications of life. What actually gave investors hope were the minor network enhancements. Then, Cardano will have to do much more work in order to surpass $4 and surpass Ethereum in terms of market […]
Bitcoin surges beyond $23,000 for the first time since June 13 thanks to bulls.
July 19, 2022
Bitcoin surges beyond $23,000 for the first time since June 13 thanks to bulls. In a surprising turn, market leader Bitcoin (BTC) rose above $ 23,000 for the first time since June 13th. Over the past 24 hours, Bitcoin has gained 9% to trade at $ 23,400. This suggests that Bitcoin is above the 50-day […]
What to Expect From the SEC on US Crypto Regulation is outlined by Gary Gensler
July 18, 2022
US Securities and Exchange Commission (SEC) Chairman Gary Gensler explained what to expect from the security regulation when it comes to cryptocurrency. “We have strong authority from Congress to use our exemption powers to support investors,” he explained. Cryptocurrency Head of Kanslller shows SEC work in Checking CaseSEC President on Thursday. Yahoo Finance Live took […]
Stablecoins worth $248 million leave Coinbase as the public disputes exchange liquidity problems
July 16, 2022
Stablecoins worth $248 million leave Coinbase as the public disputes exchange liquidity problems Rumors on Friday evening have shown that Coimbatore may face liquid problems after soaked emails and the program stops. This is not an easy decision or not slowly made, but Business Insider reported that it is not easy to do, but due […]
Clients Will Have Direct Access to the Crypto Market Through State-Owned Swiss Bank Postfinance
July 15, 2022
Clients Will Have Direct Access to the Crypto Market Through State-Owned Swiss Bank Postfinance. The Swiss Post Office is said to be preparing to enter the market after government activity and encryption. “Our customers prefer direct access to this market through their home bank.”Swiss post office hand to enter the encryption market. The Swiss Committee […]
A new law in Paraguay might turn the nation into a mining paradise.
July 15, 2022
A new law in Paraguay might turn the nation into a mining paradise. On July 14, the Paraguayan Senate transmitted a bill to the President for approval that would free cryptocurrency miners from Value Added Tax and let them use extra energy (VAT). If the President signs the measure, Paraguay may be the next country […]
The New York Yankees will receive bitcoin payroll services from NYDIG.
July 14, 2022
The New York Yankees will receive bitcoin payroll services from NYDIG. On July 14, 2022, bitcoin company NYDIG, a subsidiary of Stone Ridge, announced that the company had signed a multi-year agreement with Major League Baseball (MLB) team the New York Yankees. According to the partnership announcement, NYDIG will become the “official baseball platform of […]
The judge rejects the SEC’s request to suppress important papers in the Ripple case.
July 13, 2022
The judge rejects the SEC’s request to suppress important papers in the Ripple case. SEC v. Ripple, a recent court case revealed that Judge Nedburn denied a request from the U.S. Securities and Exchange Commission to withhold internal documents. Documents related to a speech by then CFO William Hinman dated June 14, 2018. During […]
Hashrate for bitcoin drops as Texas-based miners stop working
July 13, 2022
Hashrate for bitcoin drops as Texas-based miners stop working. Bitcoin (BTC) hash fell to 159.41-second exahashes (EH / s) on July 13, a five-month low, as Texas miners were forced to go offline. According to BTC.com, the 27% drop in hashrate is the largest since February 2022. The Bitcoin hashrate, which represents the computing power […]
Bitcoin Daily Exchange Net Flows Indicate Continued Sell-Offs
July 12, 2022
Bitcoin Daily Exchange Net Flows Indicate Continued Sell-Offs. Bitcoin’s daily net transaction flow has been volatile for at least the past month. This is due to the large swings between dumping and monopolizing investors in this space, each of which has influenced the price of the digital asset in its own way. However, the network […]
July 12, 2022
Playboy Joins The Sandbox Virtual World, with NFTs and Special Events to be featured in the Lifestyle Firm’s Metamansion On July 11, Playboy, a lifestyle and entertainment company founded in 1953, announced a licensing partnership with The Sandbox, a virtual world based on blockchain. The two companies described the newly formed partnership as one that […]
Will the $3 billion in Bitcoin released by Mt. Gox lead to a market bottom in August?
July 10, 2022
Will the $3 billion in Bitcoin released by Mt. Gox lead to a market bottom in August? In 2011, Mt. A Gox hack and the loss of 850,000 bitcoins worth about $ 17.8 billion at today’s prices will soon put 137,000 bitcoins worth about $ 2.8 billion on the market. In 2014, Mt. Gox announced […]
BTC bear Ethereum is “clearly” a security, says Michael Saylor
July 10, 2022
BTC bear Ethereum is “clearly” security, says Michael Saylor MicroStrategy CEO and Bitcoin (BTC) side Michael Siler said Ethereum (ETH) is “obviously” security because it downplays the branding of BTC as a single commodity in the crypto industry. In an interview with Altcoin Daily, U.S. Senators Kirsten Gillibrand and Cynthia Loomis, as well as key […]
Dogecoin (DOGE) Has Been Increasing This Month Despite the Failure of the Twitter-Musk Deal
July 10, 2022
Dogecoin (DOGE) Has Been Increasing This Month Despite the Failure of the Twitter-Musk Deal Dogecoin (DOGE) failed to gain enough traction on Saturday as Elon Musk’s Twitter buying failure rejected hopes of widespread adoption of the currency. The price of the world’s largest meme coin fell by more than 4% after the news was […]
The Saudis tops OpenSea as bots advertise free mint and con artists target Discord.
July 10, 2022
The Saudis top OpenSea as bots advertises free mint and con artists target Discord. A new free NFT mint project called The Saudis surpassed OpenSea with 4,774 ETH in the first 24 hours. However, about 10% of the NFTs were generated by someone who generated 194 ETH creating a cloud in the project. Jason Klein […]
Kenya has the highest percentage of cryptocurrency owners in Africa. UNCTAD data indicate
July 9, 2022
Kenya has the highest percentage of cryptocurrency owners in Africa. UNCTAD data indicate Kenya has more cryptocurrency owners than any other African nation, according to recent data from the United Nations Conference on Trade and Development (UNCTAD). UNCTAD has declared that it is recommending tariffs to impede the trade of digital currencies in order to […]
Making money out of online identities with SimpDAOs
July 9, 2022
Making money out of online identities with SimpDAOs In a recent episode of the Bloomberg Crypto podcast, managing editor Stacy Marie Ishmael and her guests, Bloomberg writer Emily Nicolle and Ph.D. student Florence Smith Nicholls, discussed online identities and the advent of SimpDAOs as a means of monetizing them. Since January 2022, there have been […]
Second Half of 2022 Will See Bitcoin Rebound, According to Bloomberg Analyst
July 7, 2022
Second Half of 2022 Will See Bitcoin Rebound, According to Bloomberg Analyst According to Mike McGlone, a senior commodities analyst at Bloomberg, the cost of Bitcoin will rise in the second half of 2022. This may be a sign that the price of bitcoin is about to increase this year. Bitcoin prices are significantly […]
Bitcoiners criticise the rumoured launch of a cryptocurrency in the Central African Republic.
July 5, 2022
Bitcoiners criticize the rumored launch of a cryptocurrency in the Central African Republic. Faustin-Archangel Touadera, the president of the Central African Republic (CAR), recently announced that cryptocurrencies are an alternative to cash. However, Bitcoiners insist that the best cryptocurrency is the only solution to CAR’s monetary problems. The President of the Central African Republic, Fausten-Archangel […]
A Few Selected Bitcoin Mining Companies Receive Blockscale ASIC Chips From Intel
July 4, 2022
A Few Selected Bitcoin Mining Companies Receive Blockscale ASIC Chips From Intel Officially, Intel participates in the bitcoin mining industry. Only six months have passed since the enormous technological corporation unveiled its “ultra-low-voltage energy-efficient” ASIC chip, and it is already available. Under normal circumstances, the bitcoin market would benefit greatly from infrastructure assistance from […]
Jeremy Allaire disputes claims. Circle is on the verge of going bankrupt.
July 4, 2022
Jeremy Allaire disputes claims. Circle is on the verge of going bankrupt. On July 2, Circle CEO Jeremy Allaire published a thread on Twitter in response to unsubstantiated claims that Circle is struggling in the current market environment. Allaire refuted the allegations by claiming that Circle is in the “strongest financial position it has […]
Kuwait-Based Islamic Bank Enters the Metaverse
July 3, 2022
Kuwait-Based Islamic Bank Enters the Metaverse Kuwaiti Islamic bank Warba Bank has recently become the newest company in the Middle East and North Africa (MENA) to enter the meta-universe. The bank currently occupies two platforms in the Metaverse, one in Decentraland and the other in Sandbox. In what has been described as the first Islamic […]
Bitcoin Bill Proposed by Senator Indira Kempis Would Make It Legal Tender In Mexico
July 2, 2022
Bitcoin Bill Proposed by Senator Indira Kempis Would Make It Legal Tender In Mexico. Mexico’s congressional senator Indira Campis has proposed a bill that would make Bitcoin legal tender in the country. This bill is based on the challenges that Mexican citizens have when trying to access financial products and education. However, Mexico’s central bank […]
July 2, 2022
With the lowest total for trust products since December 2020, AUM of cryptocurrency investment products reached record lows in June. The assets under management (AUM) of cryptocurrency investment products reached an all-time low in June, according to the most recent statistics from Cryptocompare. The data also reveals that the only digital investment product to have […]
July 1, 2022
After Mark Zuckerberg unveiled the Metaverse Digital Wallet, Meta ended its cryptocurrency project Novi. The “New” cryptocurrency project’s completion was declared by the Meta platform, previously Facebook. To withdraw money as quickly as possible, users are urged. The declaration comes after Meta CEO Mark Zuckerberg unveiled a digital wallet for the Metaverse. Owner of Facebook […]
Coinbase addresses allegations that it has sold customer “geo tracking” data to the US government.
July 1, 2022
Coinbase addresses allegations that it has sold customer “geo-tracking” data to the US government. Nasdaq-listed cryptocurrency exchange Coinbase has refused to sell “specific customer data” following reports that it provided “historical geo-tracking data” to US Immigration and Customs Enforcement (ICE). Cryptocurrency exchange Coinbase came under fire last week after reports accused Nasdaq of selling customer […]
The New Snoop Dogg and Eminem Music Video Features Bored Ape Avatars
June 30, 2022
The New Snoop Dogg and Eminem Music Video Features Bored Ape Avatars A new music video featuring the non-fungible token (NFT) collection from the Bored Ape Yacht Club (BAYC) was published by well-known rap artists Eminem and Snoop Dogg. The duo’s most recent song, “From the D 2 The LBC,” had its debut during this […]
As Bitcoin loses ground, mining operators worry about what lies next for the industry.
June 29, 2022
As Bitcoin loses ground, mining operators worry about what lies next for the industry. Since May, Bitcoin and other cryptocurrencies have experienced steep losses. But after a while, things began to alter slightly. For instance, bitcoin, which traded above $21K in the morning hours of June 28 after falling to $17K on June 18, […]
By year’s end, according to Deutsche Bank, Bitcoin might reach $28,000.
June 29, 2022
By year’s end, according to Deutsche Bank, Bitcoin might reach $28,000. Because it has been moving closely with American stocks, Deutsche Bank analysts Marion Laboure and Galina Pozdnyakova forecast that Bitcoin might reach $28,000 by the end of 2022. Since November 2021, the market attitude of cryptocurrencies has been increasingly comparable to that of the […]
Across light of the ongoing crypto downturn, Coinbase plans to expand in Europe.
June 29, 2022
Across light of the ongoing crypto downturn, Coinbase plans to expand in Europe. According to Bloomberg News, the cryptocurrency exchange Coinbase intends to grow its business in Europe and is now registering in several important European nations, including Italy, Spain, France, and the Netherlands. The company said on June 13 that it would lay off […]
Stablecoin market caps benefit when Bitcoin and Ethereum’s dominance declines.
June 28, 2022
Stablecoin market caps benefit when Bitcoin and Ethereum’s dominance declines. The market for cryptocurrencies has lost $285 billion in the last 30 days, and on June 18, the price of one bitcoin in US dollars fell to its lowest level since 2022, at $17,593. According to data from the previous month, the market domination of […]
There are rumours that Celsius CEO Alex Mashinsky tried to leave the country.
June 28, 2022
There are rumours that Celsius CEO Alex Mashinsky tried to leave the country. According to unconfirmed sources, Celsius CEO Alex Mashinsky made an effort to flee the country last week. In response to “extreme market conditions,” Celsius declared a freeze on withdrawals on June 13. Before this, some users had complained about issues with money […]
As institutional investors pull the plug, outflows hit bitcoin; is there more harm to come?
June 28, 2022
As institutional investors pull the plug, outflows hit bitcoin; is there more harm to come? Since the price of cryptocurrencies like Bitcoin started to fall, outflows have become the norm. Individual and institutional investors also shared the same opinion, which sparked significant sell-offs in the sector. Despite the recent recovery in the price of bitcoin, […]
President of CAR sets start date for cryptocurrency hub “Sango”
June 27, 2022
President of CAR sets start date for cryptocurrency hub “Sango” On June 27, Central African Republic President Faustin-Archange Touadéra announced the opening date for the nation’s cryptocurrency centre, “Sango.” On July 3, a conference will be held to celebrate the establishment of the cryptocurrency hub. The nation adopted Bitcoin as legal money last year, making […]
Meta releases Meta Pay, a dedicated digital wallet for the Metaverse.
June 27, 2022
Meta releases Meta Pay, a dedicated digital wallet for the Metaverse. The launch of a new wallet intended to enable value exchange in the metaverse has been announced by the metaverse platform known as Meta. The functions of Meta Pay, a renamed version of the prior Facebook Pay service, will remain the same, but […]
June 24, 2022
Chinese state-run media issues a new cryptocurrency warning as regulators warn of Bitcoin’s price dropping to zero. In light of the recent sell-off in the cryptocurrency market, a piece in a state-run media in China issued a warning that bitcoin’s price could go to zero. In the meantime, Shenzhen’s financial watchdogs have updated their […]
NHL joins together with Marketplace Sweet to enter the NFT market.
June 24, 2022
NHL joins together with Marketplace Sweet to enter the NFT market. The National Hockey League announced its collaboration with NFT Marketplace Sweet on Thursday. The league’s entry into the world of digital collectibles will be through this cooperation. To kick off the 2022–2033 NHL season, the partnership—to which the league’s players and alumni association belong—will […]
June 21, 2022
Crypto entrepreneur Jeff Huang is accused of stealing 22,000 ETH and running over ten unsuccessful enterprises. Jeffrey Huang is said to have founded one of the largest technology entrepreneurs as a former NFT, ETH (ETH) musician and monkey at Formosa Financial in the Ministry of Finance. The Thai-American entrepreneur known on the Internet as Jachxbt’s […]
Ukraine becomes an observer in the European Blockchain Partnership
June 21, 2022
Ukraine becomes an observer in the European Blockchain Partnership Ukraine has received observer status in the European Blockchain Partnership (EBP). Kyiv authorities hope that this move will help the Ukrainian government to implement blockchain technology and lead to more effective regulation of cryptocurrencies. Ukraine has been accepted as an observer by the European Blockchain […]
Prosecutors in South Korea have prohibited Terra personnel from leaving the country.
June 21, 2022
Prosecutors in South Korea have prohibited Terra personnel from leaving the country. According to a report by local media JTBC on June 20, South Korean prosecutors have banned top Terraform Labs employees from leaving the country.JTBC reported that a travel ban is in place to prevent Terra employees from leaving the country to avoid […]
With Blockchain Technology, the PIP Button breathes new life into the creator economy.
June 20, 2022
With Blockchain Technology, the PIP Button breathes new life into the creator economy. For content creators all throughout the world, blockchain technology and cryptocurrencies have the potential to make a significant difference. Integrating such solutions can help anyone, especially if they don’t require coding experience. Because it is interoperable with any platform or website, the […]
