Billionaire investor Mark Cuban has tipped commercial smart contract adoption as the next catalyst to drive the crypto and blockchain sector. The Dallas Mavericks owner and crypto proponent was commenting on the current “lull” state of the crypto market, compared to the internet or dot-com bubble in the early 2000s that saw a lot of …
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As TerraUSD (UST) plummets in value, the Luna Foundation Guard says it’s preparing $1.5 billion in Bitcoin and UST to address market concerns about the stablecoin. UST, a stablecoin designed to be pegged to the US dollar (USD), is trading for $0.75 at time of writing, down more than 24% in the past day. Though …
The Central Bank of Nigeria (CBN) is moving ahead with plans to upgrade the country’s central bank digital currency (CBDC) to be used on a wider range of goods and services. It is also maintaining harsh crypto restrictions that cripple the country’s fintech sector. The CBN Branch Controller Bariboloka Koyor spoke at a campaign aiming …
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The number of transactions on the Bitcoin network has spiked over the past week, which blockchain analysis firm Glassnode suggests are ‘urgent’ transactions due to investors de-risking. A sudden influx of 42,800 transactions hit the mempool on Bitcoin (BTC) last week. Glassnode’s chief analyst says these were likely “urgent” transactions due to the high amount …
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AMC Theatres CEO Adam Aron stated that crypto along with several other digital payment methods recently accounted for 35% of its online payments. The popular cinema chain has gradually been working on various crypto adoption plays after first rolling out online payment support for Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH), and Litecoin (LTC) in …
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Tron (TRX) Price Prediction – May 10Despite the significant falling motions in most of the well-renowned global cryptos, the TRX market price keeps a bullish outlook, trading against the purchasing power of the US currency over time. The crypto economy is trading around $0.07 at an average percentage rate of 4.73 positives. Tron (TRX) Market …
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Authorities in India are looking to introduce an additional 28% Goods and Services Tax on cryptocurrencies, CNBC reported. India’s new 28% tax for crypto According to the report, India’s Goods and Service Tax Council considers bracketing crypto investments in the same category as lottery, casinos, racecourses, and betting. The report continued that the council had …
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Leading crypto exchange Coinbase is planning to ban accounts of select Russians to adhere to sanctions, Russian news agency RBC reported May 5, citing an official letter issued to users by the exchange. The letter informed recipients that Coinbase would shut down accounts after May 31 unless users submitted documents that prove they are not …
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Nine out of 10 central banks globally are exploring central bank digital currencies (CBDCs), according to the latest survey by the Bank of International Settlements (BIS). Furthermore, “the emergence of stablecoins and other cryptocurrencies have accelerated the work on CBDCs.” BIS Central Bank Digital Currency Survey The Bank of International Settlements (BIS) published a report …
El Salvador has bought the bitcoin dip. Amid a heavy crypto market sell-off, the Salvadoran president announced that his country has purchased 500 more bitcoins. Since El Salvador adopted the cryptocurrency as legal tender, the Salvadoran government has purchased 2,301 bitcoins altogether. El Salvador Buys the Bitcoin Dip Amid a crypto bloodbath, El Salvador has …
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Australians will soon have more options for spot cryptocurrency exchange-traded funds (ETFs) after a previous hold-up was given the green light this week and new funds entered the ETF market. The latest update came late on May 9 as Cboe Australia issued a round of market notices that three funds previously delayed are expected to …
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To authorize Utah to make policy recommendations to the federal government, Utah Governor Spencer Cox has signed legislation to establish a Blockchain and Digital Innovation Task Force. This comes almost three years after discussions about forming the task committee began and less than two months after the measure was introduced in February. After lengthy deliberations …
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Bitcoin on-chain data shows exchanges this week have observed the largest inflows since July 2021, taking the price of the crypto to $33k. Bitcoin Exchange Inflows Spike Up To Highest Value Since July 2021 As pointed out by an analyst in a CryptoQuant post, the BTC exchange inflows have observed a sharp increase recently. The …
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Artist collaborations will play a key role in the future of NFT development. For example, Entertainment Asset Pte, Ltd, or DEA, is working with INIMI to launch a digital idol project. In addition, working with a music artist collective will lead to a limited set of music NFTs, ushering in a new era for non-fungible …
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At this point, it is no longer news that bitcoin has now hit its lowest point in three months. The last time the digital asset had seen its price break below $34,000 had been in late January but had continued to hold up well after this. Last time, the low market momentum following the market …
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