Microsoft and other companies have contributed to ConsenSys, one of the most important Ethereum development firms. Microsoft and several other companies have invested in ConsenSys, one of the most significant development firms working with the Ethereum blockchain. ConsenSys announced on Mar. 15 that it raised $450 million through a Series D funding round, thereby doubling …
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On Wednesday a FOMC meeting (Federal Open Market Committee) took place. The S&P 500 and crypto markets reacted positively to news that the Fed will hike interest rates for the first time since 2018, by 25 basis points. The US dollar and Gold (risk off assets) moved lower in valuation, whereas stocks and Bitcoin (risk …
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Investors are cautiously optimistic about the current market’s performance. Large-cap coins made a big jump to start the week and investors are still looking to buy some of the best penny cryptos to offer low-risk regards. Below, we’ll share some of the best penny cryptos for investors looking to invest this week. 1. Lucky Block …
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Necaxa, a Mexican professional soccer club in Liga MX, will be auctioning its Bored Ape NFT and donating 100% of the proceeds to organizations that support Ukrainian refugees. Apes for Ukraine Necaxa was one of the first major soccer teams to jump onto the NFT bandwagon, having created the first NFT tied to ownership interest …
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A hospitality brand from the United Arab Emirates(UAE), Stella Stays, has announced that its clients can now pay for services with cryptocurrencies. Clients can pay with bitcoin, ethereum, and 35 more digital assets. Stella Stays’ Tilt Towards ‘Futuristic Tech Offerings’ The UAE-based hospitality brand Stella Stays now accepts cryptocurrencies via its e-commerce platform, a report …
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Kenyans are believed to have lost as much as $120 million to cryptocurrency scammers in the last financial year, a government official has said. The official, however, suggested the number of Kenyans losing funds this way can be reduced if the media helps by disseminating the right information. Media Told to Offer Guidance A Kenyan …
President Volodymyr Zelenskyy has signed the law “On Virtual Assets” which aims to regulate the crypto market in Ukraine. The approval comes as his country is increasingly relying on cryptocurrency donations to fund its defense and deal with humanitarian problems amid an ongoing Russian invasion. Law Regulating Cryptocurrencies Approved by Ukraine President Zelenskyy Ukrainian President …
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HodlX Guest Post Submit Your Post There is a noticeable shift in the global economy toward digital currencies. They present a great alternative to its fiat counterparts because they are transparent, decentralized and not controlled by any government. Cryptocurrencies are becoming increasingly popular due to their advantages, causing the crypto industry to grow rapidly. While …
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The director of the Science and Technology Supervision Bureau of China’s Securities Regulatory Commission Yao Qian has called for a special focus on Web3, deeming it to be the future of the internet. Yao published an article titled “Web 3.0: A New Generation of Internet that is Approaching,” talking about the significance of the evolving tech and how …
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Major software cryptocurrency wallet Exodus has gone public on the digital asset securities firm Securitize Markets following a $75 million crowdfund capital raise. Exodus’ shares started trading on Securitize on Wednesday, allowing investors from all across the United States and international investors from more than 40 countries to trade the Exodus Class A common stock. …
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Bitcoin (BTC) held $40,000 on March 17 after an anticipated key interest rate hike from the Federal Reserve delivered a strong response. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Fed singles out Ukraine war in inflation comments Data from Cointelegraph Markets Pro and TradingView showed BTC/USD climbing to local highs of $41,500 after the Fed announced …
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Australian fintech company Block Earner has officially gone live, offering everyday investors a 7% fixed rate investment product by utilizing decentralized finance (DeFi) technology. Block Earner has already attracted attention from big names in the crypto industry, finalizing a $6.4 million seed funding round in December last year. It was led by Framework Ventures and …
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Quick take: Bitcoin hit a local high of $41,718 as anxiety grew on Wednesday, that the Fed would increase interest rates The U.S Federal reserve announced a 0.25% rate hike and signaled six more increments this year Bitcoin has since dropped below $41k to $40,600 Current prices are a relief for Bitcoin traders given Sunday’s …
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The Bank of Canada has partnered with the Massachusetts Institute of Technology (MIT) to work on a 12 month research project focused on the design of a Central Bank Digital Currency. According to a March 16 announcement, the bank will work alongside the MIT Media Labs’ Digital Currency Initiative (DCI) team to examine how “advanced …
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The Biden Administration has just passed an executive order furthering research into crypto assets in view of regulating them, but politicians within the ruling Democrat party remain deeply divided on digital currency. The lack of consensus among Democrats could mean that a progressive regulatory framework for cryptocurrencies could still be a long way off —but …
Continue reading “Democrat division over crypto isn’t all bad news for regulation”
