On the surface, it looks like Nigeria’s suspension of Twitter operations on June 4 may have been triggered by the microblogging company’s decision to take down a controversial tweet — from President Mohammed Buhari. However, as some observers have noted, the removal of the tweet may have presented the Nigerian government with the perfect excuse …
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El Salvador’s proposed Bitcoin mine could earn hundreds of millions of dollars each year given the current network state, a top miner pointed out in a tweet today. Bitcoin revenues for El Salvador? The country made history last month after becoming the first-ever nation to recognize and classify Bitcoin as ‘legal tender,’ allowing citizens to …
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Global blockchain engineering company and the developer team behind the Cardano (ADA) blockchain, Input Output Hong Kong (IOHK), partnered up with a cryptocurrency lending platform Nexo. IOHK keeps announcing strategic partnerships as the crucial Alonzo upgrade that introduces the smart contract functionality to the Cardano blockchain runs its course. Symbiotic relationship Following Cardano’s latest strategic …
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While the U.S. ramps up discussions of a digital dollar and China’s central bank digital currency (CBDC) draws near, Japan’s CBDC, otherwise known as the digital yen, is getting closer to its realization as well. Japan’s ruling Liberal Democratic Party member, Hideki Murai, explained in a recent interview this week that more clarity on the …
Continue reading “Japanese Ruling Party Official Says Digital Yen Clarity Will Be Revealed in 2022”
Axie Infinity, an Ethereum based game, is now one of the biggest successes of the play-to-earn model. Featuring NFT’s like the game characters, the game monetizes breeding these characters and selling them. As a result, there is now a growing demand for Axies, whose stats can make them reach high prices in markets. This has …
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Barclays has reported it no longer supports wiring funds to Binance, one of the largest cryptocurrency exchanges in terms of daily volume. The bank announced its issues with wiring funds to Binance in a resolution message to the customers today. The banking giant cites the warning that the Financial Conduct Authority (FCA) issued against Binance …
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It appears that Tesla and SpaceX CEO Elon Musk is gradually losing his influence over the cryptocurrency market, judging by the lack of any meaningful impact on prices his crypto-focused tweets are making lately. Just a few months ago, a single tweet from Musk that involved Bitcoin (BTC), Dogecoin (DOGE), or any other cryptocurrency was …
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Almost a year ago, Alex Saunders of Nugget’s News said Cardano would not have smart contracts ready by this time next year. As that deadline fast approaches, the Alonzo smart contract phase is still in testnet, leading Saunders to conclude that Ethereum’s network effect puts it “100x ahead of competitors.” One year later & still …
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The Nasdaq-listed cryptocurrency exchange Coinbase is actively building a cryptocurrency hub in India. The company says it has “ambitious plans” for the South Asian crypto hub and is looking to hire for many positions, including hundreds of engineers. Coinbase Has ‘Ambitious Plans’ for Its Indian Crypto Hub Coinbase published a blog post on Friday, authored …
Switzerland’s largest bank, UBS, has advised investors to “stay clear” of cryptocurrencies and “build their portfolio around less risky assets.” The UBS analysts warned that “Regulators have demonstrated they can and will crack down on crypto.” UBS’ Crypto Advice and Warning The global wealth management team at UBS warned in a note published last week …
Equity strategists and portfolio managers were asked about what the price of bitcoin will be by the year-end. Almost half of the surveyed participants say the price of the cryptocurrency will fall below the $30K level but some believe it will rise to $60K. Year-End Bitcoin Price Expectations by Equity Strategists and Portfolio Managers Equity …
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CryptoSlate recently had the opportunity to chat with Ben Lakoff, the co-founder of Charged Particles, a blockchain-agnostic NFT protocol that allows users to deposit any ERC tokens into any Non-Fungible Token (NFT). What is the professional background of the Charged Particles founders and what is their previous experience in crypto? Rob is the founder and …
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Ethereum touched just shy $2.4k yesterday, making a two-week high. It also closed three consecutive daily green candles against Bitcoin, taking ETHBTC to 0.066782 at the time of writing. Some analysts attribute this strength to the up-and-coming London upgrade. The Rinkeby testnet rollout is anticipated this coming Wednesday. However, the mainnet launch depends on the …
Continue reading “ETH bumps ahead of Ethereum ‘London’ upgrade. But what’s it about?”
After tweeting through its account since 2018, Splinterlands, a blockchain-based NFT trading card game, has been banned from the service permanently as social media giant Twitter refuses to respond to appeals. Suspension Coincides With Twitter Unveiling its Own NFTs While non-fungible token (NFT) hype may have cooled, there is no shortage of controversy surrounding the …
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Four days ago, the crypto community and mainstream audiences caught a whiff of a new meme-based crypto asset called baby doge. The coin got a lot more attention when Tesla’s Elon Musk tweeted about baby doge and almost immediately after the tweet, the asset’s value skyrocketed. Musk hasn’t said anything about baby doge since then, …
