A select group of low-cap crypto assets is vastly outperforming the rest of the markets as altcoins continue to show signs of strength. StormX (STMX), a project designed to allow users to earn rewards and cashback while shopping online, skyrocketed 54% in a 24-hour time frame on Sunday. STMX is currently ranked as the 227th-biggest …
Monthly archives: March 2022
Cardano founder talks about Web3 and the comfort of Bitcoin at Binance Blockchain Week
Cardano founder Charles Hoskinson gave a keynote speech on the first day of this year’s Binance Blockchain Week, held at the Dubai World Trade Centre in the United Arab Emirates. Addressing the audience, Hoskinson used his keynote to discuss topics like Bitcoin (BTC), Web3 and philosophy, bringing up topics like what happens next when the …
Japan plans to tighten crypto exchange regulation to enforce sanctions
The proposed amendment is being carried out to prevent sanctioned countries from taking evasive actions using digital assets. Japan plans to amend its Foreign Exchange and Foreign Trade Act to bring crypto exchanges under the purview of laws that govern banks, a government official revealed on Monday. The proposed amendment is being carried out to …
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Ethereum risks ‘double-bust’ drop despite ETH price rebounding 30% in two weeks
It took Ethereum’s native token Ether (ETH) only two months to recover from a brutal selloff at the beginning of 2022. ETH price breaks out but risks remain ETH price reached near $3,350 on March 28 after rallying by over 30% in just two weeks, and by more than 50% when measured from its year-to-date …
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EU Parliament can outlaw transacting with ‘unhosted’ wallets, crypto advocate warns
Less than a week after a potential ban on Proof-of-Work (PoW) digital assets was dropped from the EU’s prospective MiCA framework, a new threat to the crypto industry could be emerging in the European Union. This time, it is non-custodial, or unhosted, wallets that are in regulators’ crosshairs. On Thursday, March 31, the European Parliament …
4 Ways To Utilize a Crypto-Backed Loan
Crypto loans are an exciting and flexible tool that enables you to use your cryptocurrency effectively while working towards your financial goals. Lenders issue cash, cash equivalents, or cryptocurrency in exchange for some of your cryptocurrency as collateral. There are many benefits to using your cryptocurrency as collateral for a loan, including access to extra …
The tables are turning in Russia as energy minister calls for the legalization of crypto mining
Russia’s Deputy Minister of Energy said that cryptocurrency mining in the country should be fully legalized as soon as possible. This Saturday, the minister addressed the legal vacuum cryptocurrency mining exists in, saying that the fact that the industry is regulated federally, instead of locally, significantly hinders its development. More officials in Russia want more …
Upcoming EU vote could leave self-hosted crypto wallet users high and dry
Head of Strategy & Business Development at Unstoppable Finance Patrick Hansen warns that unhosted crypto wallet users are at risk in the EU. In a recent tweet, Hansen said the EU Commission had proposed a revision of the existing Transfer of Funds Regulation act. This would require financial institutions, including crypto exchanges, to provide information …
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Here are 3 alternative play-to-earn card games like Axie Infinity
Card-based crypto games, where players primarily collect and battle with NFT cards, gained widespread exposure from Axie Infinity, one the largest and most successful GameFi projects to date, with a top market cap of $10.2 billion on November 7, 2021. Compared to other GameFi genres, like virtual-world metaverses (The Sandbox, Decentraland) and builder games (DeFi …
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Ghana CBDC Development: New Central Bank Document Outlines Key Motivations for Issuing the Digital Currency
In a recently released document, the Bank of Ghana (BOG) outlines some of its key reasons for developing the central bank digital currency (CBDC). Also, in the document, the bank’s governor insists the institution is open to suggestions that will help it to successfully launch the digital currency. Benefits of a CBDC The Ghanaian central …
Anonymous Claims It Has Released 28GB of Bank of Russia Documents
Hacking group Anonymous has reportedly published a large amount of data allegedly belonging to the Bank of Russia. The release comes after the collective announced it had hacked Russia’s central bank earlier this week, a claim that was denied by the monetary authority in Moscow. Anonymous Publishes Leaked Bank of Russia Files A group affiliated …
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Parliament Member Says 1% TDS Will Kill Crypto Asset Class in India, Urges Government to Reconsider
An Indian parliament member has warned that imposing a 1% tax deducted at source (TDS) on every crypto transaction will kill the nascent asset class. This tax provision is contained in Finance Bill 2022 which Lok Sabha, the lower house of India’s parliament, has passed. However, India’s finance minister insists that the TDS on crypto …
Litecoin Price Prediction: LTC/USD Market Consolidates at a Higher Resistance zone
Litecoin Market Consolidates at a Higher Resistance zone – March 27It has affirmed that the LTC/USD market consolidates at a higher resistance zone of around $125. The crypto market trades between the high of $126 and $123 at a minute negative percentage of 0.38. Market Consolidates at a Higher Resistance zone – LTC TradeKey Levels:Resistance …
Analyst Says One Ethereum Rival Is Gearing Up for Massive Rally, Updates Forecast on ApeCoin, Cardano and Zcash
A closely followed crypto analyst and trader is laying out some near-term forecasts for a series of altcoins, including Cardano (ADA). The pseudonymous trader known as Altcoin Sherpa tells his 170,000 Twitter followers that Cardano (ADA) still has some gas left in the tank after its recent surge. According to the trader, at the very …
US Congress agency recommends 4 key policy options for blockchain
Per the request of the United States Congress, the U.S. Government Accountability Office (GAO), laid out four policy options to help policymakers implement blockchain technologies while enhancing benefits and mitigating challenges. The technology assessment shared by the GAO acknowledged the potential of blockchain technology in improving a variety of financial and non-financial applications despite raising …
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