Fundstrat’s Tom Lee Says He’s Still a Bitcoin Bull, Predicts Crypto Firms Emerge Stronger From Market Turmoil

Hedge fund veteran Tom Lee remains long-term bullish on Bitcoin (BTC) and expects the crypto industry to come out of its bear market stronger than before. In a new interview on CNBC, the Fundstrat managing partner says while 2022 has been “terrible” for crypto investors, he thinks a new chapter could be emerging. “Nobody has …

What is an Ethereum Virtual Machine (EVM) and how does it work?

Ether (ETH), which is the second largest cryptocurrency in terms of market capitalization, is popular among cryptocurrency investors because of its native ETH token. However, its native Solidity programming language and Ethereum Virtual Machine (EVM) are instrumental in the adulation it receives from the developer community. In fact, the Ethereum blockchain continues to attract decentralized …

Charles Hoskinson Says Failed Cardano Stablecoin Project a Total Loss on Investment, ‘Utterly Distasteful’

Ethereum (ETH) co-founder Charles Hoskinson is addressing the issue concerning Ardana, a Cardano-based stablecoin project that recently halted operations. In a new video update, Hoskinson says that as an early investor in the project, his investment appears to be a total loss. “I saw over the last few days some grumblings about [Ardana] having issues, …

Top Crypto Analyst Updates Outlook on XRP and Litecoin, Warns Ethereum Teetering on the Edge

A closely followed crypto strategist is updating his stance on XRP and Litecoin (LTC) while warning Ethereum holders that ETH could witness another major sell-off event. In a new strategy session, pseudonymous analyst DonAlt says Ethereum is trading in a tight range between $1,120 and $1,200. According to the crypto strategist, the narrow trading range …

Fenix Games raises $150M to fuel next-generation blockchain gaming

Web3 game publisher Fenix Games raised $150 million in funding to acquire, invest and distribute blockchain games. The fund will be used to create a game publishing company specifically for mainstreaming blockchain games. Fenix Games’ latest funding round saw participation from investors, including Phoenix Group and Dubai-based venture capital firm Cypher Capital, reported local news …

Putin Calls for International Settlements Based on Blockchain and Digital Currencies

Russian President Vladimir Putin believes a new system for international money transfers is needed to reduce dependence on big banks and third parties. He is convinced that cross-border payments relying on digital currency and distributed ledger technology will be “much more convenient.” Russia’s Head of State Urges for Blockchain-Powered International Payments President of Russia Vladimir …

New Naira Banknotes to Make Monetary Policy More Effective — Nigerian Central Bank Governor

The Central Bank of Nigeria governor, Godwin Emefiele, has said the newly designed naira banknotes are set to enhance the effectiveness of the organization’s monetary policy and bolster the financial inclusion cause. Forcing Currency Hoarders to Return to the Banking System According to the Nigerian central bank governor, Godwin Emefiele, the recently launched naira banknotes …

Ghana Takes Steps to Operationalize Gold-for-Oil Scheme — Move Expected to Help Halt Cedi’s Depreciation

According to directives issued by Samuel A. Jinapor, the Ghanaian minister for lands and natural resources, large-scale gold mining companies will be required to “sell 20% of all refined gold at their refineries to the Bank of Ghana.” A gold-for-oil scheme is part of the Ghanaian government’s plan to stop the further dwindling of the …

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