Crypto News in 60 Seconds
October 31, 2022
In response to Valve’s prohibition on blockchain games, Gala Games unites with Fortnite creator Epic Games. Gala Games (GALA), a blockchain gaming company and Epic Games have agreed to publish Gala’s tiles on the Epic Games Store. The Epic Games Store, a marketplace for PC and Mac compatible games, debuted in 2018. The publishing agreement […]
President of Kazakhstan Signs Bill Increasing Taxes for Crypto Miners The President of Kazakhstan, Kasem Jumart Tokayev, has signed a bill to change the country’s tax code to establish higher tax rates for cryptocurrencies. This rate is based on the amount and average price of electricity used to mine digital currencies like Bitcoin. Kazakh President […]
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 […]
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 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 […]
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 […]
October 27, 2022
What’s Next for Bitcoin After One Month Of Negative Funding Rates? Bitcoin fund rates fell below neutral last month. Prior to that, fund rates fluctuated below neutral for a long time. As digital asset prices continue to struggle, this new trend has lasted longer than expected. In this report, we will look at the state […]
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 […]
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. 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 21, 2022
Itau Unibanco considers providing cryptocurrency services and establishes a tokenization unit in Brazil.. Itaú Unibanco, one of Brazil’s largest holding companies, has announced that it is considering offering cryptocurrency trading services to its clients. The company said it will offer tokenization services through its digital asset division, which will allow customers to issue tokens backed […]
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 […]
