U.S. Treasury Secretary Janet Yellen has admitted that there are benefits to cryptocurrency. Crypto has grown by leaps and bounds and is now “playing a significant role” in the investment decisions of lots of Americans, Yellen said, adding that the Treasury Department is working on regulatory recommendations for healthy innovation. Treasury Secretary Yellen Sees Benefits …
Tag archives: Bitcoin
Manchester police returned over $25 million in stolen cryptocurrency to scam victims
In the last 18 months the police in Manchester, the home of the two of the most famous football teams in the world, have returned over $25 million to victims of a global crypto scam. As of the last report, not all the people who have come forward to request their funds back have been …
Coinbase introduces new rules for crypto transactions in some countries
Regulations continue to give crypto exchanges a hard time. After Binance was coerced to leave the Ontario district, Coinbase now is implementing new rules to comply with Canada, Japan, and Singapore’s regulations. The new changes will be effective starting on April 1st, and will only affect users in Canada, Singapore, and Japan who are transferring …
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Coinbase Makes Changes to Services in Canada, Japan, Singapore to Comply With Local Crypto Regulations
The Nasdaq-listed cryptocurrency exchange Coinbase has made some changes to its services for customers in three countries. “This change will only impact users in Canada, Singapore, and Japan who are transferring digital assets from their Coinbase exchange wallet to a wallet off the Coinbase platform.” Changes Affecting Coinbase Customers in Canada, Japan, Singapore The Nasdaq-listed …
Ukraine’s Government Launches ‘Museum of War’ NFT Collection
The Ukrainian government has launched a “Museum of War” non-fungible token (NFT) collection. All sale proceeds will go directly to the official crypto wallets of the Ministry of Digital Transformation of Ukraine to support the army and civilians, according to the museum website set up by the government. Government of Ukraine’s NFT Collection The government …
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Luna Foundation’s Bitcoin Reserve Wallet Now Holds $1.1 Billion in BTC
During the last week, the cryptocurrency community has been discussing the bitcoin purchases made by Luna Foundation Guard (LFG), as onchain data shows LFG’s bitcoin wallet currently holds 24,954.95 bitcoin worth $1.1 billion. LFG’s Gnosis safe address shows over the last four days, there’s been 660.6 million tethers sent out of the foundation’s wallet. Do …
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Creators of the Cool Cats NFT Collection Sign With Leading Talent Agency CAA
According to a report released on Friday, the creators of the non-fungible token (NFT) collection Cool Cats have signed a deal with the American talent and sports agency based in Los Angeles, CAA (Creative Artists Agency). Cool Cats is one of the top 20 NFT projects in terms of all-time sales volume, and Cool Cats …
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Fed Governor Says ‘Blockchain Is Totally Overrated,’ Claims Crypto Is ‘Just Electronic Gold’
The American economist and member of the Federal Reserve Board of Governors, Christopher Waller, believes blockchain technology is “totally overrated,” even though the U.S. central bank “put a lot of resources into understanding digital currencies and the blockchain.” On Friday, Waller spoke during a panel that discussed central bank digital currencies (CBDCs) and said that …
UAE Venture Capital Firm Launches $100 Million Seed Fund for Blockchain and Crypto Projects
Cypher Capital, a United Arab Emirates (UAE)-based venture capital (VC) firm, has announced the launch of a $100 million seed fund that will primarily avail funding to decentralized finance (defi), gamefi, and metaverse projects. Mentoring of Entrepreneurs A United Arab Emirates (UAE)-based venture capital firm, Cypher Capital, recently announced it has launched a $100 million …
Biggest Movers: CVX Nearly 14% Higher, as RUNE Extends Friday’s Gains
CVX was trading nearly 14% higher to start the weekend, as RUNE extended yesterday’s gains, climbing by over 13% on Saturday. CVX is now up by nearly 35% this week, rising to multi-week highs in the process. Thorchain (RUNE) RUNE was one of the biggest gainers in crypto markets for a second consecutive session, as …
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Why is David Beckham shilling a low cap layer one blockchain?
Digitalbits, a layer one blockchain solution with a market cap of just over $400 million, announced that David Beckham will be their new global ambassador. According to the statement, he will “help to communicate the transformative power of the DigitalBits blockchain to consumers, brands and other organizations worldwide.” The press release reads much more like …
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3 Metrics to Analyze GameFi Projects
While the popularity of GameFi continues to grow, there are still relatively few genuinely fun games among the 1,322 in total. In many cases, it’s not enough to assess the potential of a project just by looking at screenshots or walkthroughs, because the playability of a game is a subjective point. Instead, investors and analysts …
Venezuela’s Sunacrip Launches Petro-Based Gift Card Market and Exchange
Sunacrip, the Venezuelan cryptocurrency watchdog, has announced a set of improvements to its Petroapp wallet, allowing Venezuelans to use the petro (PTR) for new functions. The app now has an embedded cryptocurrency exchange that allows users to exchange petros for other currencies, and a series of gift card and payment options to increase adoption. Petro …
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Bitcoin, Ethereum Technical Analysis: BTC, ETH Begin Weekend Close to Key Resistance Levels
Bitcoin and ethereum began the weekend trading close to key resistance levels, as crypto markets continued to sustain recent gains. Overall, the global cryptocurrency market cap was marginally higher on Saturday, as traders prepared for this weekend’s session. Bitcoin BTC is currently trading 6% higher than at the beginning of the week, this coming as …
Survey: Cryptocurrency Adoption to Grow Significantly This Year in Latam
A new cryptocurrency-related survey presented by Sherlock Communications highlights the growth that Latam countries are expected to experience this year, due to the particular traits the region has compared to other areas of the world. The results of the survey make projections that see crypto adoption growing by triple digits in some countries like Argentina …
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