According to Reuters, the Constitutional Court of the Central African Republic (CAR) said on Monday that the purchase of citizenship, e-residency and land using its government-backed Sango digital currency is unconstitutional because a nationality has no market value. Earlier in July, the CAR unveiled its Sango crypto hub to attract global crypto talent and enthusiasts, boost Bitcoin (BTC) …
Monthly archives: August 2022
Formula One applies for metaverse and NFT trademarks
According to prominent trademark attorney Michael Kondoudis, Formula One (F1) is gearing up for an adventure into Non-fungible tokens (NFTs) and Metaverse. The attorney made the revelations in the early hours of today via Twitter. Kondoudis disclosed that the move is coming ahead of the Las Vegas Grand Pix scheduled for November next year. The …
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Virtuzone collaborates with Binance to accept crypto payments in UAE
Binance has entered into a strategic collaboration with Virtuzone, a UAE corporate services provider. Virtuzone confirmed the development in a press release. Binance intends to ride on the partnership to become the first UAE corporate services provider to accept crypto payments. This, according to the firm, will be done through Binance Pay. Virtuzone, with this …
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Limit Break’s DigiDaigaku NFT collection rises by over 100% as firm raises $200m
The floor price of Limit Break free mint NFT DigiDaigaku rose to 15.67 ETH after news emerged that its parent company raised $200 million in two funding rounds, according to nftgo data. According to the data, the 24-hour trading volume of the collection spiked by over 400% to reach around $4 million. Apart from that, its …
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Kylin network wins parachain auction 25 on Polkadot
Kylin network (KYL) has emerged winner of the latest parachain auction 25 on Polkadot (DOT). According to a blog post, the data management platform said the win represents a “significant milestone in its journey to build the data framework for all web3 middleware.” Kylin became the third project to reach the max bid cap of 150,000 …
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Chainplay report reveals 3 in 4 investors join crypto because of GameFi
Chainplay’s recent report, the State of GameFi, revealed that 3 in 4 investors join crypto to profit from GameFi, and 68% of existing GameFi investors joined the market within the last year. A total of 2428 GameFi investors from around the globe joined Chainplay’s survey. A majority of them (51%) said the primary motivation for …
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Research: Data shows Bitcoin whales are massively selling holdings
Bitcoin’s (BTC) accumulation trend score is currently flashing zero for whales indicating that they have stopped acquiring more coins, according to Glassnode data. Bitcoin whales are selling their holdings (Source: Glassnode) The data analyzed the accumulation trends for Bitcoin between April 2020 and August 2022, showing that whales have slowed their Bitcoin accumulation this month …
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Singapore Considers Stricter Rules for Retail Crypto Investors — Regulator Says Cryptocurrencies Are ‘Highly Hazardous’
Singapore’s central bank, the Monetary Authority of Singapore (MAS), is contemplating imposing stricter rules on retail crypto investors. “MAS regards cryptocurrencies as unsuitable for use as money and as highly hazardous for retail investors,” said the central bank chief. New Rules May Be Coming to Retail Crypto Investors in Singapore Ravi Menon, the managing director …
Veve Partners With Marvel to Drop Limited Edition NFT Covers Featuring Spider-Man, Black Panther
On August 29, the digital collectibles company Veve announced that the platform has launched digital variant non-fungible token (NFT) covers from three Marvel comic book artists. Veve and Marvel detailed that the NFT drops called the Marvel Artworks collection will be limited edition, 1-of-1 releases of three Marvel comic covers featuring Spider-Man, and the Black …
Itau Unibanco Selected by Central Bank of Brazil to Build Real-Pegged Stablecoin Solution
Itau Unibanco, one of the biggest bank conglomerates in Brazil, has been selected by the country’s central bank to develop a system with a stablecoin pegged to the value of the Brazilian real. Itau’s system was one of the eight proposals selected by the Central Bank of Brazil as part of LIFT Lab, an annual …
DOGIRA Push for a Breakout above $0.0022, TAMA to Pump Furiously
According to the daily chart, the coin remains in the green as the cryptocurrency market gains from the increased buying pressure. Dogira Prediction Statistics Data: Dogira price now – $0.0023 Dogira market cap – $2.2 billion Dogira circulating supply – 1 billion Dogira total supply – 1 billion Dogira Coinmarketcap ranking – #5086 DOGIRA/USD Market …
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Are Kanye West and Snoop Dogg Buying These Cryptos or NFTs – Tamadoge, Lucky Block, Battle Infinity?
Celebrities have been vocal about their commitment to their digital currency and Web3 investments, which has contributed to cryptocurrency’s rise to prominence in the entertainment industry. Kanye West and Snoop Dogg are, without a doubt, at the front of this movement thanks to the extent of their work and involvement in the NFT and Metaverse …
SDOGE Ready for $0.000035 Resistance as TAMA Trades Bullishly
After breaking towards the upside, the Soldoge price may continue to rise as the market price heads to the north. Soldoge Prediction Statistics Data: Soldoge price now – $0.000034 Soldoge market cap – $334.1 thousand Soldoge circulating supply – 10 billion Soldoge total supply – 10 billion Soldoge Coinmarketcap ranking – #4465 SDOGE/USD Market Key …
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Crypto Analyst Says Ethereum (ETH) About To Witness Huge Correction As Fed Stays Hawkish
Popular crypto analyst Benjamin Cowen says that Ethereum (ETH) is likely facing a dramatic correction in the coming months as the Federal Reserve continues to hint at tighter monetary policy. Cowen tells his 693,000 Twitter followers that he sees Ethereum working its way towards the logarithmic regression band. According to Cowen’s chart, he’s expecting ETH …
Do Kwon and Other Entities Hit With New Class Action Lawsuit for Alleged False Promotion of Terra’s Tokens
TerraForm Labs CEO Do Kwon is facing a new class action lawsuit for his involvement in the collapse of the Terra ecosystem earlier this year. Kwon is alleged to have promoted LUNA, UST and the Terra-based lending platform Anchor despite knowing that the projects would be unsustainable. Florida resident Michael Albright filed a complaint in …