During the first week of November, the reelected Miami mayor Francis Suarez explained that he would receive part of his salary in bitcoin via the payment processor Strike. A month later, speaking at Real Vision’s Takeover event in Las Vegas, Suarez revealed he plans to take part of his 401k in bitcoin as well. Pro-Bitcoin …
Continue reading “Miami Mayor Francis Suarez Plans to Take a Fraction of His 401k in Bitcoin”
The International Monetary Fund (IMF) has outlined some recommendations of how cryptocurrency should be regulated, noting that there is an urgent need for cross-border collaboration and cooperation on cryptocurrency regulation. IMF Provides Recommendations on Crypto Regulation The International Monetary Fund published a blog post on cryptocurrency regulation Thursday. The post titled “Global Crypto Regulation Should …
India’s Prime Minister Narendra Modi talked about cryptocurrency at a recent Summit for Democracy hosted by U.S. President Joe Biden. He called for global collaboration on cryptocurrencies “so that they are used to empower democracy, not to undermine it.” Prime Minister Narendra Modi Talks About Crypto at President Joe Biden’s Summit for Democracy President Joe …
Virtue Gaming is integrating play-to-earn technology into its poker player pool. The platform is targeting US users by connecting them to the global poker market. The launch comes after a 15-year ban on the global poker market by the Department of Justice (DoJ). This will be the first play-to-earn feature that Virtue Gaming will be …
Continue reading “Virtue Gaming unveils P2E online global poker market for US gamers”
Parallel Finance has won a slot during Polkadot’s fourth parachain auction. The lending protocol made the purchase through a $306 million value locked in the crowd loan. Parallel Finance is an institutional-grade lending protocol that works for decentralized finance (DeFi). Parallel Finance wins Polkadot parachains auction for $306M The press release from the firm states …
Continue reading “Parallel finance secures fourth Polkadot parachains slot with $306M”
Polygon, a layer two scaling solution on Ethereum, has announced the acquisition of Mir. The acquisition deal has been valued at $400 million. The amount was paid through 250 million MATIC tokens at an average price of $1.60. Mir is a zero-knowledge (ZK) technology developer. News of this acquisition was made public during the Polygon …
Continue reading “Polygon sets aside 250 million MATIC tokens for Mir acquisition”
The crypto market has failed to show any signs of making a strong recovery as the year ends. Bitcoin’s dip to $48K has created a bearish trend for most of the market. However, some few coins are still making gains, and EOS stands as one of the few gainers in the market. EOS is trading …
Continue reading “EOS Price at $3.46 after 8% gains – How to buy EOS”
Litecoin Market Downs, Struggling at $150 – December 11It is still visible that the LTC/USD market downs, struggling at the $150 trading zone as the crypto-economic price trades around $155 as of writing. The trading activity records an average percentage rate of about 4.96. Market Downs, Struggling at $150: LTC TradeKey Levels:Resistance levels: $175, $200, …
Continue reading “Litecoin Price Prediction: LTC/USD Market Downs, Struggling at $150”
As regulatory uncertainty continues to plague the global digital asset ecosystem, there are many anti-crypto proponents who continue to harp on the fact that the industry as a whole has a long way to go when it comes to securing itself in a manner that is anywhere comparable to the traditional finance system. Now, with …
Continue reading “Bitmart pledges to reimburse hack victims as crypto community voices support”
The nonfungible token (NFT) market is hot right now, and the future forecasts that it will only be getting hotter. The creation of the Metaverse opens the gateway for NFT luxury brands to reach $56 billion by 2030. As the production of NFTs continues to create new forms of fashion consumption, more and more premium …
Continue reading “Metaverse opens the gateway for luxury NFTs to become a multi-billion market”
The International Monetary Fund (IMF) is calling for sweeping and synchronized crypto regulations across the globe. In a new blog post, IMF officials warn that the nearly $2.5 trillion crypto market is becoming more interlinked with the traditional financial system and could pose systemic financial stability risks in certain countries. “Some emerging markets and developing …
A low-cap Ethereum token has printed massive gains this week after being listed by top US crypto exchange Coinbase. Coinbase Pro listed the altcoin Circuits of Value (COVAL) on Monday. The exchange then added retail support for COVAL on Coinbase.com and its mobile apps on Thursday. COVAL is the Ethereum token behind the Emblem platform, …
The Financial Action Task Force (FATF) released its long-awaited guidance on virtual assets, laying out standards that have the potential to reshape the crypto industry in the United States and around the world. The guidance addresses one of the most important challenges for the crypto industry: To convince regulators, legislators and the public that it …
Continue reading “FATF guidance on virtual assets: NFTs win, DeFi loses, rest remains unchanged”
Polygon has revealed an acquisition deal that will see the Ethereum Layer-2 platform buy Predictive Labs and its Mir blockchain in a $400 million deal. Developers Predictive Labs specialize in zero-knowledge roll-up technology, which is gaining traction as a viable privacy and scaling solution. With one eye on the future, the deal forms part of …
Continue reading “Polygon reveals acquisition of zk proofs project Mir in $400 million deal”
The consumer price index (CPI) data released Friday by the U.S. Bureau of Labor Statistics show prices in the United States climbed 6.8% in November compared to 12 months ago. It’s the largest rise in close to forty years, and U.S. policymakers are backing away fast from saying inflation is transitory. Inflation Accelerates in the …
