Category: Blockchain

US Credit Unions Gain Access to Partner with Crypto Assets Service Providers

The United States National Credit Union Administration (NCUA) has granted domestic credit unions that are under the aegis of the Federally Insured Credit Unions (FICUs) the permission to enter into business partnerships with third-party digital currency trading platforms. As contained in a letter addressed to the credit unions, the NCUA said its aim is to

Chinese State Media Agency Xinhua to Issue First News NFT Collectables

Amid the strict restriction of cryptocurrency activities in China, Chinese state media agency Xinhua will issue its first news non-fungible tokens (NFT) collection on Friday at 8 p.m. Per the announcement from the news agency on Wednesday, this is the first international edition news collection, free to access to the public. The official website reveals

UK’s Advertising Authority Orders Arsenal to Remove “Misleading” Fan Token Ad

The United Kingdom’s Advertising Standards Authority (ASA) ordered Arsenal FC to remove fan token ads from their official Facebook account and website, accusing the football club of “misleading” investors with the advertisement. According to the advertisement regulator, Arsenal “trivialised investment in crypto assets and took advantage of consumers’ inexperience or credulity” and “failed to illustrate the risk of the investment,” as well as

El Salvador Buys 21 BTC To Mark Special Day

Central American nation El Salvador purchased 21 Bitcoins (BTC) on December 21, 2021, to mark the 21st day of the 21st year of the 21st century. In a series of Tweets, El Salvador’s President Nayib Bukele pointed out that the event commensurates with Bitcoin’s total supply of 21 million as well as the country’s land area

Bitcoin’s Market Confidence Slips as Retail Sentiment Breaks 30-Day Low

Bitcoin’s retail sentiment breaking a 30-Day low indicates a drop in market confidence. Crypto insight provider Santiment confirmed: “Bitcoin’s drop in market confidence and an increasingly bearish bias indicate the lackluster BTC price performance has caused many to capitulate.”   Santiment added that the slip in market confidence might be a blessing in

Crypto.com Becomes 1st Crypto, NFT Partner with Women’s Professional Sports Team Angels FC

Crypto.com, the world’s fastest-growing cryptocurrency exchange headquartered in Hong Kong, announced on Tuesday that it has partnered with Los Angeles’ Angel City Football Club (ACFC) for exclusive rights to issue official cryptocurrencies and NFTs. This cooperation aims to expand the access and awareness of cryptocurrency, blockchain, and Web3 technologies to the entire Los Angeles football fans, ACFC players, and also

Non-Zero Bitcoin Addresses Hit ATH as Illiquid Supply Sees Major Growth

More participants continue to join the Bitcoin (BTC) network despite the continued consolidation between the $46K and $50K range. Educational platform On-Chain College confirmed: “Bitcoin addresses with a non-zero balance chart continue to make ATHs, now just under 39.5M.”   This, coupled with the fact that Bitcoin’s illiquid supply is experiencing significant growth,

Ethereum Miners Revenue Percentage Reaches Monthly Low

Ethereum users recently got a sigh of relief as the median fees dropped to $5.50 per transaction from highs of $34.18 last month. This has in turn made the percentage of miner revenue from fees on the ETH network reach a monthly low of 36.145%, according to market insight provider Glassnode.  High gas fees have

Turkey Witnesses Resurgence in Crypto Trades Above 1M per day

Turkey is witnessing a resurgence in cryptocurrency trades of above one million per day due to a continuous devaluation of the country’s currency, Reuters reported. Turks have begun to see a safe haven in crypto to avoid the effects of soaring inflation as worries about the country’s economic policy have seen the lira slump nearly

52% of Game Developers Concern about Regulatory Uncertainty, Report says

Decentralized Gaming (DeGames) remains one of the hottest and innovative trends in the blockchain ecosystem this year. A new report from the Blockchain Game Alliance (BGA) showcases the majority of active developers (about 52%) in the space are concerned about the impacts of regulations soon.  The survey draws participants across the gaming industry; 81% of