The volatility of the Turkish lira is pushing Turks to adopt cryptocurrencies as both a means of payment and a store of value. The country’s national currency has lost 40% of its value against the dollar since September 2021, leading many to turn to Bitcoin and Tether as alternatives. Turks ditch the lira, trading gold …
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Overview of 2021 Blockchain Funding Number and Amount of Funding Capital flowed into the blockchain sector at an unprecedented rate in 2021, especially after March. According to Footprint Analytics, there were 1,045 funding rounds last year, compared to 167 in 2020, an increase of 525%. In total, this generated $30.27 billion, up 790% compared to …
Investors in a non-fungible token (NFT) collection called Frosties, have been scammed for over $1 million after creators of the digital tokens absconded with their funds on January 9th. Frosties NFT investors lost $1.3 million According to available information, the collection had 8,888 NFTs, and its floor price was 0.04 ETH which is roughly over …
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Acclaimed video game maker Sega may not introduce NFTs over concerns they are a money-making scheme. Although some see gaming NFTs as an ideal use case for blockchain and cryptocurrency, gamers are starting to question the drive behind their proliferation. Skepticism over NFTs is nothing new, as typified by the reaction to the price of …
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According to a recent interview, trial lawyer Kyle Roche from the legal firm Roche Freedman LLP has started a tech startup called Ryval that aims to be “the stock market of litigation financing.” The firm plans to launch during the first quarter and allow people to leverage tokens in order to wager on civil lawsuits. …
Franklin Noll, an academic and monetary historian, has asserted that crypto can be both a security and a currency. Pointing to the history of U.S. money, Noll argues that being both a currency and a security is, in fact, not contradictory. The ‘Infamous’ Continental Dollar Coins Franklin Noll, a U.S.-based monetary historian, has asserted that …
N26, a German online neobank, has announced it will get into the cryptocurrency trading business this year. The announcement was made by Max Tayenthal, co-founder and a CEO of the company, who pondered whether focusing on cryptocurrency instead of going global may have been a better idea. The company closed operations in the U.K. and …
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As Thailand prepares to impose a levy on crypto profits, parties on both sides of the aisle have expressed concerns over the government’s current proposal. A number of political figures have insisted that important aspects need to be clarified in order to avoid double taxation of income related to cryptocurrencies. Thai Politicians Warn About Negative …
With Meta’s plan to build the metaverse already in full swing, reports from Wall Street Journal have indicated that the tech company has been poaching employees of rival tech firms like Microsoft and Apple. Meta is poaching staff from Microsoft According to the report, a former employee of Microsoft revealed that the tech firm’s augmented …
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According to Newzoo’s 2021 Global Gaming Market Report, the number of global gamers grew by 5.3% from 2015 to 2021 compared to 2020, and now exceeds 3 billion. In the same year, total global gaming revenue grew 1.4% year-over-year to 2020 and currently stands at $18.03 billion, with mobile gaming revenue set to account for …
The Northwest Arkansas Council announced that it will begin offering $10,000 in BTC to tech professionals and entrepreneurs looking to relocate to the region. This is part of the non-profit’s wider incentive offer, called “Bitcoin and a Bike,” which aims to grow the region’s tech sector. Arkansas welcomes the crypto industry with bitcoins and bikes …
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Indian Enforcement Directorate has seized assets worth approximately $5 million in connection with an alleged cryptocurrency scam involving Morris coin that has duped investors out of $162 million. The crime proceeds were used to buy cryptocurrencies. India Authorities Seize Assets in Alleged Crypto Scam Case India’s Enforcement Directorate (ED), a specialized financial investigation agency under …
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Regulated Swiss bank Seba has predicted that the price of bitcoin could reach $75K this year. “Institutional money will probably drive the price up,” said the bank’s CEO. Seba Bank’s Bitcoin Price Prediction Seba Bank CEO Guido Buehler shared his bank’s prediction on where the price of bitcoin is heading with CNBC at the Crypto …
Financial guru Dave Ramsey says crypto is “fun” and can be a small part of investment portfolios. “It’s a commodity. Is it going to be around? Sure, it’s going to be around,” Ramsey said. Dave Ramsey Now Considers Cryptocurrency a Commodity That Is Here to Stay Personal finance guru and Ramsey Solutions CEO Dave Ramsey …
