The CEO of a Canada-headquartered gold mining company, Mark Bristow, has insisted that gold currently has little downside risk. He also highlighted the precious nature of the metal and how it is a better alternative store of value than cryptocurrencies. Better Inflation Hedge Mark Bristow, the CEO of Canada-based Barrick Gold Corp., recently argued that …
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A regional court has sentenced a man accused of illegally connecting his crypto farm to the grid to two years in prison. The decision comes as authorities in Moscow prepare to address the lack of proper regulations for cryptocurrency mining, which has become a popular source of income in Russia. Illegal Crypto Farm Burns 1.3 …
Anatoly Aksakov, head of the Financial Market Committee at the Russian parliament, has reiterated a warning for cryptocurrency investors and insisted that Russians owning coins should declare their digital assets. The parliamentarian also urged for the comprehensive regulation of crypto mining and taxation. Aksakov Warns Russian Crypto Investors They Can Lose Everything Russians have put …
sponsored In our view, blockchain technology and non-fungible tokens (NFTs) present a perfect tool to revolutionize the traditional Fine Art industry, to the benefit of both artists and collectors. With this in mind, the Invictus NFT Lab’s inaugural Out of Africa collection aims to blaze the trail by facilitating, via the Ethereum blockchain, the sale …
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Crypto.com, a leading cryptocurrency exchange, experienced an incident on January 17 when some of its users reported strange activity in their accounts. The exchange acknowledged the event, and conducted an investigation immediately after, declaring that all funds were safe. However, reports from security and blockchain auditing firms Certik and Peckshield indicate that some funds were …
The U.K. government has announced plans to impose new rules on cryptocurrency ads to ensure they are fair, clear, and not misleading to consumers. The rules will be enforced by the Financial Conduct Authority (FCA). UK to Impose New Rules on Crypto Ads The U.K. government announced Tuesday plans to impose new rules on cryptocurrency …
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Crypto exchange Binance is launching a new exchange in Thailand after the country’s Securities and Exchange Commission (SEC) filed a complaint against the company for operating without a license. Binance has now signed an agreement with Gulf Energy Development, a Thai public company, to establish a crypto exchange in Thailand. Binance and Gulf Energy to …
Let’s not go any further. According to a Fortune report, there is actually a “land grab” going on, and it has no end, apparently. It has created a real estate bubble of sorts in which the cheapest available Metaverse plots are $13,000. Okay, let’s step back a bit, please, because, for that kind of cash, …
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Yesterday, the Cardano blockchain experienced a significant surge in its daily transaction volume that pushed it above that of the second-largest blockchain, Ethereum. Transacting on Cardano blockchain is cheaper than Ethereum Data from Messari shows that Cardano’s daily transaction volume beat that of Ethereum by nearly $2 billion. According to the data, Cardano registered more …
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The reigning UFC Heavyweight Champion Francis Ngannou has announced the mixed martial artist has partnered with the payments firm Cash App and plans to take half of his UFC 270 purse in bitcoin. Ngannou told his 620,100 Twitter followers that he believes “bitcoin can empower people everywhere.” ‘Bitcoin Is the Future and I’m a Believer’ …
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Animoca Brands has announced the blockchain and cryptocurrency-focused firm has raised $358.8 million to bolster the non-fungible token (NFT) industry and “build the open metaverse.” The capital raise follows the firm’s previous $65 million and $138.88 million raises last year and today, Animoca Brands has an overall valuation of $5 billion. Animoca Brands Raises $358 …
While the crypto economy has shed more than 3% in fiat value during the last 24 hours dropping to $2.09 trillion, the top rebase tokens by market capitalization have seen significant losses this week. At the time of writing, the rebase token economy is valued at over $3.2 billion but has lost more than 10% …
In the latest round of funding, Australian metaverse company Animoca Brands raises over $358 million, 358,888,888 to be exact – 8 being considered a lucky number in many parts of Asia and the crypto community at large – at a slightly beyond $5 billion pre-money valuation. The round was led by Liberty City Ventures, with …
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The chairman of O’Shares and Beanstox, Kevin O’Leary, aka Mr. Wonderful, best known as a panelist on the reality series Shark Tank, revealed his interest in opening his own Bitcoin mining operations in a recent interview with Anthony Pompliano on The Best Business Show. Shark Tank TV star and renowned businessman told CryptoSlate in an …
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