Category: Blockchain

Professional drone racing League (DRL) joins the Metaverse world by launching its first game. A money-making crypto sports game on the Algorand blockchain in partnership with Playground Labs, a Web 3 game developer from crypto investment fund Hivemind. These two teams said they would launch the first in-game money-making game using DRL in their virtual

As digital assets have become more widely accepted in many economies, Bitcoin is likely to overtake gold in market shares in 2022, a recent Goldman Sachs analyst Zach Pandl said in a recent research note. Goldman Sachs said that Bitcoin currently has a 20% share of the “store of value” market. The cryptocurrency’s market capitalization

Stepping into 2022, Bitcoin (BTC) falls below the psychological price of $50K, and the leading cryptocurrency has been consolidating between $46,000 and $49,000 ever since. As a result, profitability in the BTC market has slipped to a 5-month low.  On-chain metrics provider Glassnode confirmed: “The number of Bitcoin addresses in profit (7d MA) just

Ethereum (ETH) recently experienced a bullish momentum that drove the price above $3,900 for the first time in 2022. One of the contributing factors is that utility is rising thanks to low median fees.  Crypto analytic firm Santiment confirmed: “The median fee per ETH transaction has remained low, allowing utility to rise without hesitance

Canaan, a Chinese Bitcoin mining manufacturer engaged in independent AI chip research and development as well as providing high-performance computing services, announced that it has signed strategic cooperation agreements with a number of crypto mining companies and plans to launch joint mining operations in Kazakhstan. According to the official announcement, as of the end of

El Salvador’s administration plans to send approximately twenty bills to Congress to cover investment in securities and financial markets in order to provide a legal framework for the issuance of Bitcoin bonds. Finance Minister Alejandro Zelaya disclosed this objective and said: “This is to provide a legal structure and legal certainty to everyone who

Leading American multinational technology company Nvidia Corporation has set its eyes on adding more creativity in the metaverse with various marketplace and software deals. The company disclosed that it had rolled out plans to offer software to artists and other creators for free needed in developing virtual worlds for the metaverse. Nvidia also acknowledged that it

India’s largest cryptocurrency trading platform, WazirX, has been accused by the country’s authorities of tax evasion worth $5.4 million (40.5 crore rupees). On December 31, the Mumbai office of the goods and services tax (GST) authority said that it tracked down Rs 49.20 crore from WazirX in taxes and penalties after a series of investigations

WonderFi, a Vancouver-based and Canadian politician Kevin O’Leary-backed firm, announced the acquisition of First Ledger Corp., the parent company of Canadian cryptocurrency exchange Bitbuy with $206 million. First Ledger Corp is Toronto-based, its cryptocurrency platform Bitbuy is the first legally approved cryptocurrency exchange in Canada. As announced by The Ontario Securities Commission (OSC), the six encryption

Cryptocurrency miners in Kosovo are facing a temporary ban on crypto mining from the government to curb electricity consumption as the country faces a severe energy crisis. The country has reported seeing the worst energy crisis in a decade due to production outages. “All law enforcement agencies will stop the production of this activity in cooperation with other