In 2021, the gaming industry have earned approximately $175 billion. As blockchain technology has become more prevalent in games, gamers are now enjoying the rewards of their efforts, with some earning up to $2,000 USD per hour on crypto games like Axie Infinity. As their popularity grew, so did their token prices. The Sandbox captivated …
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A recent update to Her Majesty’s Revenue and Customs (HMRC) regulations has introduced a digital services tax that will be levied on cryptocurrency exchanges operating in the United Kingdom. Crypto exchanges in the UK will now have to pay a 2% digital services tax according to a Telegraph report. Britain’s tax authority, HMRC, does not …
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Bitcoin (BTC) and most major altcoins have been struggling to recover from the sharp fall seen on Nov. 26. This indicates that traders may be nervous to buy at current levels due to the uncertainty regarding the new heavily-mutated coronavirus strain detected in South Africa. According to a CryptoCompare report, Bitcoin’s assets under management decreased …
Continue reading “Top 5 cryptocurrencies to watch this week: BTC, BNB, LUNA, MANA, SAND”
Renowned hedge fund manager Anthony Scaramucci is comparing Bitcoin (BTC) to e-commerce giant Amazon, which was volatile in its early days but eventually became one of the best-performing stocks. In a new interview on CNBC’s Squawk Box, the SkyBridge Capital founder says Bitcoin has grown exponentially in terms of fundamentals over the last year and …
The first thing most people do when entering crypto using a DEX is to exchange their fiat currency for stablecoins, which can later be exchanged for other tokens. However, besides being the most important channels for users to start investing in crypto, stablecoins are also the foundation of the whole DeFi industry—acting primarily as a …
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Thailand is laying the groundwork to become a “crypto-positive society” with the aim to attract crypto holders and boost its tourism industry. The country hopes to gain back some of the $80 billion in lost tourism revenue due to the Covid-19 pandemic and subsequent shutdown. Thailand Plans to Attract Crypto Holders The Tourism Authority of …
Boba Network, a recently released L2 layer for Ethereum, has quickly jumped to second place in TVL (total value locked) among all expansion layers. Boba, which is a fork of Optimism, another L2 layer based on rollups, reached more than $1 billion in TVL, surpassing Optimism. This is likely due to the profitable percentages offered …
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The second leading crypto asset ethereum has been dealing with high fees since the end of June and today the average ethereum transaction fee is between $5 and $34 per transfer. While there’s been a lot of complaints about ether gas costs this year, Ethereum founder Vitalik Buterin has recommended an Ethereum Improvement Proposal (EIP) …
The Biden Administration has announced that it is blacklisting eight Chinese quantum computing companies over concerns that the technology they possess poses a threat to national security. The companies have been added to the U.S. Department of Commerce’s Entity List, which is a national security tool used by the Bureau of Industry and Security (BIS). …
Closely followed crypto analyst Benjamin Cowen is outlining what he thinks is the worst possible scenario for Bitcoin as BTC struggles to reclaim the $60,000 level. In a new strategy session, Cowen takes a look at what he calls the “bull market support band,” which is a combination of the 20-week simple moving average (SMA) …
Enterprise blockchain started to take shape in 2016, a time when companies like IBM began to leverage private networks for supply chain management. It was also during 2016 that author Don Tapscott wrote and published Blockchain Revolution, a book that examines the way that blockchain will transform a number of industries. Following the release of …
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The lawsuit that began last December could soon come to an end, according to Ripple CEO Brad Garlinghouse. Ripple CEO Brad Garlinghouse told CNBC this week that his crypto company’s legal contest with regulators could soon come to a close. Garlinghouse said that the case is “seeing pretty good progress despite a slow-moving judicial process” …
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The Solana network has stood out in the crypto space because of its high levels of scalability. Now, the network seems to be rising above top tech firms because of its efficiency. A recent report showed that a transaction on Solana’s blockchain consumed less energy than two Google searches. Currently, proof-of-work blockchains such as Bitcoin …
Continue reading “Solana releases energy report showing it is greener than Google”
Kevil O’Leary, a TV personality famous for his role on the Shark Tank TV show, has stated that he is willing to invest in cryptocurrencies again if there is regulatory clarity. He has stated that he cannot invest in digital currencies before consulting with regulators. O’Leary wants regulators in the financial sector to state “what …
The metaverse is currently making headlines across the crypto market. Axie Infinity is one of the most popular metaverse projects in the market, and a plot of land on the platform has just sold for $2.3 million worth of ETH. This is the largest amount that has ever been paid for a single plot of …
Continue reading “Rare Genesis plot on Axie Infinity sold for $2.3M”
