True to its hardline stance on decentralized digital money, the Central Bank of Russia is now pushing for a wide-ranging ban on crypto-related activities such as issuance, exchange, and mining. A consultation paper published by the regulator cites threats to financial stability and citizens’ wellbeing among the main reasons for the proposed restrictions. Russia’s Central …
Continue reading “Bank of Russia Proposes Wide Ban on Cryptocurrency Use, Trade, Mining”
Indian government officials reportedly said that India’s cryptocurrency bill will require more time because crypto is a complex subject. The bill is therefore unlikely to be introduced in the upcoming session of parliament. The government reportedly wants to hold more discussions to build a consensus on a regulatory framework for crypto. Crypto Bill Unlikely to …
Continue reading “Indian Government Needs More Time to Finalize Crypto Bill: Report”
JPMorgan has told its clients that ethereum is losing ground to rival cryptocurrencies, such as solana (SOL), in the non-fungible token (NFT) market due to sky-high transaction fees on the network. “It looks like, similar to defi apps, congestion and high gas fees has been inducing NFT applications to use other blockchains,” said JPMorgan. Ethereum …
One of the most common ways to earn yield in DeFi is by providing liquidity in decentralized exchanges. While for new investors this may seem initially as a straightforward process to earn returns, providing liquidity successfully has more intricacies that one should be aware of. There are certain indicators that can help to make more …
Continue reading “Key Analytics to Provide Liquidity in DeFi”
It’s hard to pinpoint a moment or a movement in the history of the crypto industry that can quite compare to the popularity NFTs have seen last year. The impact the relatively new asset class had was both deep and wide, seeping through to mainstream media and traditional news outlets. The success NFTs have seen …
Continue reading “The NFT sector defined the market last year with returns of nearly 8,000%”
Facebook’s Meta is reportedly working on a feature that will allow users to mint collectible tokens and display their NFTs on their social media profiles. According to sources familiar with the matter, Meta has also discussed launching a marketplace for users to buy and sell NFTs. Meta jumps aboard the NFT train There seems to …
Continue reading “Facebook’s Meta plans to allow users to create and sell NFTs”
The host of Mad Money, Jim Cramer, has warned about dogecoin (DOGE). He said that the meme cryptocurrency is a security and will be regulated. He also questioned the supply of dogecoin. Jim Cramer’s Dogecoin Warning Jim Cramer, the host of CNBC’s Mad Money, warned about investing in dogecoin (DOGE) Thursday. Cramer is a former …
press release Yield App – the official digital asset wealth management partner of premier league football club West Ham United – has unveiled the hotly anticipated Version 2 (V2) of its platform, just 11 months since it launched in February 2021. In this short time, Yield App has garnered more than 70,000 users and more …
Continue reading “Yield App Launches V2, and It’s More Than Just a New Look”
On Wednesday, U.S. president Joe Biden explained that the country’s central bank was dealing with a large share of the inflationary pressures the American economy is dealing with today. Biden welcomes the possibility of tightening monetary easing and noted that he “respects the Fed’s independence.” US President Joe Biden Says a ‘Critical Job in Making …
The U.S. Securities and Exchange Commission (SEC) is focusing on bringing cryptocurrency exchanges “inside the investor protection remit,” Chairman Gary Gensler has revealed. “If the trading platforms don’t come into the regulated space, it’d be another year of the public being vulnerable,” he stressed. SEC Focusing on Regulating Crypto Exchanges The chairman of the U.S. …
GensoKishi’s Metaverse (MV) token set a new record on TrustPad for selling out in under 20 seconds of entering First Come, First Served (FCFS). GensoKishi Online “META WORLD” is a new GameFi version of the iconic game Elemental Knights that won the “Game of the Year” Gold Award in Taiwan back in 2012. Record-breaking IDO …
Continue reading “Gensokishi’s Metaverse (MV) token breaks the sellout record on TrustPad “
About the Metaverse For the last year, the metaverse has become a flashpoint of blockchain hype, culminating in Facebook renaming itself Meta, with the support from Cryptovoxels, one of the well-known projects in the Metaverse track. Metaverse is the abbreviation of meta + universe. It first appeared in the 1992 novel “Snow Crash” by Neal …
Analysts at JPMorgan have stated that Ethereum’s dominance in the NFT space is being threatened by the Solana blockchain which has witnessed tremendous growth in the past year. Ethereum dominance in NFT is being threatened According to the report, the bank reiterated that the dominance of Ethereum in spaces where it used to reign supreme …
Continue reading “JPMorgan reveals Ethereum’s main rival in NFT”
Trading activity on Wednesday indicates that Bitcoin bulls are fighting hard to keep the market price of bitcoin (BTC) above the crucial support level at around $42,000. According to data from IntoTheBlock, the IOMAP (In/Out of the Money Around Price) reveals that bitcoin currently sits at the last level of crucial support. Many Bitcoin addresses …
Continue reading “Bitcoin sits at the last level of crucial price support”
Meta Platforms, Inc., formerly known as Facebook, Inc., is reportedly experimenting with non-fungible token (NFT) technology, according to unknown sources speaking with the Financial Times (FT). Allegedly, Meta is “readying” an NFT feature but it is “at an early stage and could yet change.” Meta and Instagram Are Reportedly Experimenting With NFT Tech A report …
Continue reading “Report: Meta and Instagram Are Exploring an ‘Early Stage’ NFT Feature”
