The non-fungible token (NFT) sector has been recording increased trading volumes despite the recession in the cryptocurrency market. The monthly trading volumes on the NBA Top Shot NFT platform have increased by 72% over the past month. The NFT sector is attracting increased investments, with OpenSea, the largest NFT marketplace, breaking its record highs after …
Continue reading “NBA Top Shot NFT volumes surge 72% after Kevin Durant’s ad”
MicroStrategy, a business intelligence firm that has become popular for its heavy investments in Bitcoin, is on the wrong side of the US Securities and Exchange Commission (SEC). According to the regulatory body, MicroStrategy failed to follow the required accounting practices for its cryptocurrency purchases. MicroStrategy fails to adhere to accounting practices A report by …
Continue reading “MicroStrategy fails to adhere to SEC’s accounting practices in BTC purchases”
Mercado Libre, the leading e-commerce platform in Latin America, is investing more in crypto initiatives. The firm has announced the acquisition of shares from the 2TM Group. Additionally, it has invested in Paxos, another leading digital asset firm. The e-commerce platform has been investing in several crypto-related initiatives, with these being the latest ones. Mercado …
Continue reading “Mercado invests an undisclosed amount in Paxos and 2TM”
The value locked in decentralized finance (defi) has dropped 21.22% since January 4, 2022. At the time, the total value locked (TVL) in defi was $255.84 billion and today, the TVL is around $201.55 billion. TVL in Defi Loses $54 Billion in 2 Weeks While digital currency markets shed significant value during the last two …
Houbi Global, which is based in Seychelles, has been accused by lawyer Jonathan Levy of operating without accountability to any jurisdiction. The lawyer adds that the exchange’s physical address in the island nation is for mailing purposes only. Accountability Issues U.S.-based lawyer Jonathan Levy has accused Huobi cryptocurrency exchange of running a decentralized global operation …
The Government of Zimbabwe has confirmed signing an agreement with Daedalus World Limited which enables the latter to collect taxes from crypto and other content providers. Zimbabwe’s Stance on Crypto The Zimbabwean government recently said it had entered into an agreement with the British Virgin Islands-based Daedalus World Limited wherein the latter is expected to …
Ethereum challenger Fantom (FTM) is setting new fundamental records amid the sustained price decline across the crypto markets. New data from DeFi Llama, an analytics platform focused on decentralized finance (DeFi) and non-fungible tokens (NFTs), shows that Fantom printed a new all-time high in terms of total value locked (TVL). Fantom is a highly scalable …
In her monthly Expert Take column, Selva Ozelli, an international tax attorney and CPA, covers the intersection between emerging technologies and sustainability, and provides the latest developments around taxes, AML/CFT regulations and legal issues affecting crypto and blockchain. Turkey — the cradle of civilization — is quietly digitizing despite its high-inflation economy, and the lira’s …
Continue reading “Crypto and NFTs meet regulation as Turkey takes on the digital future”
Users with a Twitter Blue subscription can use non-fungible tokens or “cryptocollectibles” as their profile picture. Twitter has introduced a new feature that will allow select users to set their profile picture to any non-fungible token that they own. The feature is available to iOS users who pay for Twitter Blue’s subscription service at a …
Continue reading “Twitter Has Introduced NFT Profile Pictures for Paying Members”
Closely followed crypto analyst Benjamin Cowen has identified a potential floor price for Bitcoin as the flagship crypto tumbles over 50% from its all-time high. In a new interview on financial freedom YouTube channel InvestAnswers, Cowen says that $30,000 is acting as the pivotal price level for Bitcoin. “Clearly $30,000 is a big area as …
Bastyon.com is a social platform built on the Bitcoin foundation. It is decentralized with no central serve. Bastyon’s codebase is open source, and everything is governed by the users themselves. Bastyon’s core concept is censorship resistance. It can work even with domains are blocked by connecting directly to the nodes. Bastyon is powered by Pocketcoin …
Armenia is going to invite cryptocurrency miners to install their coin minting hardware in an old thermal power plant. The TPP will be decommissioned and the government intends to rent it out to industrial companies including mining enterprises. Miners Welcome to Set Up Data Centers at Old TPP in Armenia The equipment at the Hrazdan …
Continue reading “Decommissioned Power Plant in Armenia to Host Crypto Mining Farms”
Russia can legalize cryptocurrency mining and stablecoins backed by gold under government control, a high-ranking member of the Russian parliament has suggested. The statement comes after Bank of Russia proposed a wide-ranging ban on the use of cryptocurrencies, and their trading and mining. Mining and Some Stablecoins Can Be Legalized in Russia, Duma Deputy Insists …
Continue reading “Russia May Allow Crypto Mining and Gold-Backed Stablecoins, Lawmaker Says”
The New York-based multinational investment management corporation Blackrock has filed an application with the Securities and Exchange Commission (SEC) for a blockchain tech exchange-traded fund (ETF). The Ishares blockchain tech ETF aims to track the Intercontinental Exchange (ICE) index called the Factset Global Blockchain Technologies Index. Blackrock Files to Launch a Blockchain ETF The investment …
Continue reading “World’s Largest Asset Manager Blackrock Files for Blockchain Tech ETF”
The crypto trader who accurately predicted Bitcoin’s lowest point during the 2018 bear market believes that BTC will record new all-time highs this year despite its bearish price action over the last two months. Pseudonymous crypto analyst Smart Contracter tells his 203,400 Twitter followers that he thinks Bitcoin will print a new 52-week low in …
