The Bank of Russia, the country’s central bank, has reportedly admitted that cross-border payments in crypto are inevitable in the current geopolitical conditions. The Russian central bank has been rethinking the approach to regulating crypto and agreed with the finance ministry to legalize crypto for cross-border payments, the local news agency TASS reported on Monday. …
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Many believe that after Ethereum transitions to proof-of-stake (PoS), a faction of Ether (ETH) miners will be creating a proof-of-work (PoW) fork of the network so that they can still keep mining. An executive believes that there are ways for ETH holders to take advantage of this upcoming event. In a Twitter thread, Bobby Ong, …
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LG released its NFT platform LG Art Lab, which allows users to buy, sell, trade, and display NFTs. Currently, there is one NFT available for purchase, though the company will add more every month. The first NFT collection that will be available is by artist Barry X Ball. South Korean multinational company LG Electronics has …
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Cardano’s founder Charles Hoskison has responded back to haters on social media Hoskinson addressed the haters who were making nonsensical assumptions concerning the upcoming Vasil hard fork upgrade Cardano Vasil Hard Fork is all set to be released on September 22 Charles Hoskinson, founder of Cardano blockchain has responded to haters and critics who had …
Bitcoin Maximalist Michale Saylor argued that Bitcoin’s Lightning Network is the most important development going on in the world of technology. Saylor made the comment during his talk at a bitcoin-only conference, where he also announced that Microstrategy is at the early stage of developing its Lightning network infrastructure. He argued that Lightning will help …
The Bitcoin mining hash rate spiked as high as 298.5134 EH/s on September 4, marking a +60% spike in 24 hours. Founder of fintech research firm Quantum Economics, Mati Greenspan, commented that the surging hash rate posted a new all-time high for the leading cryptocurrency. Huge spike in bitcoin’s hashrate this weekend. New record high …
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U.S. Congressman Brad Sherman said crypto has become too big and is unlikely to be banned any time soon, the LA Times reported on Sept. 4. Sherman has been a vocal critic of cryptocurrencies and believes the technology poses a threat to U.S. national security. Sherman told the LA Times: “I don’t think we’re going to …
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Action Point, an Argentine startup, has developed a white-label solution that allows banks to offer cryptocurrency services through their already existent ATM infrastructures. The company provides this service in partnership with Lirium AG, a crypto-as-a-service organization, and has already implemented the solution in over a dozen ATMs in the country. Argentine Startup Action Point Takes …
The Chinese metaverse industry has reportedly raised about $780 million in funding and there are expectations this will grow to be a $5.8 trillion industry by 2030. So far there are 160,000 virtual human enterprises in China while 20 provinces or cities in the country are reportedly supporting the metaverse. Developing the Metaverse According to …
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The government of Iran has reportedly started issuing licenses to crypto miners under the new “comprehensive and detailed” regulatory framework approved last week. The authorities previously issued licenses to a number of crypto mining operations but halted the process due to power consumption and illegal mining issues. Iran Resumes Issuing Licenses to Crypto Miners The …
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Billionaire investor and tech entrepreneur Chamath Palihapitiya says that one crypto sector could be in the midst of a classic hype cycle. In a new All-In podcast, the Social Capital CEO addresses the massive drop off of trading volume in the non-fungible token (NFT) market. Palihapitiya uses the example of Burning Man and Coachella, two …
In a recent interview, United States congressman and a known crypto skeptic Brad Sherman claimed that banning cryptocurrencies is not an option at this point. In a statement to LA Times, the Northridge-area Democrat said that the crypto industry has become quite powerful over the years. He added that the high capital donations to the politicians …
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Bitcoin (BTC) starts the second week of September still trying to cement $20,000 as support as bears clinch control. The largest cryptocurrency emerges from a sideways weekend with a weekly close almost exactly at the $20,000 mark — but that significant psychological level is already struggling. Expectations already favored further downside during this month — …
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While Ethereum devs promised no downtime during The Merge, one of the most anticipated Ethereum upgrades, members of the crypto community decided to take proactive measures to ensure the safety of investor funds. In this effort, crypto exchange FTX announced to halt all Ether (ETH) trades on various blockchains until the September upgrade concludes. The …
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The first known case of a nonfungible token (NFT) created and shared by a “terrorist sympathizer” has come to light, raising concerns that the immutable nature of blockchain tech could help the spread of terrorist messages and propaganda. In a Sept. 4 article in The Wall Street Journal (WSJ), intelligence experts said the NFT could …
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