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Bitcoin (BTC) experienced a drop in the last 24 hours after the U.S. Federal Reserve (Fed) cemented its status of a planned interest rate hike. In recent months, the speculation of higher rates and diminishing liquidity has decreased trader enthusiasm in the crypto market. The top cryptocurrency was down by 4.06% in the last 24 […]
Following in the footsteps of Twitter, Reddit is eyeing to permit users to have NFT-based profile pictures through a feature that is being tested. Reddit noted that the NFT test had not been availed to the public because it was still in its early stages. Tim Rathschmidt, the Reddit spokesperson, explained: “We’re always exploring […]
In the past few days, Ethereum (ETH) whales have been on a buying spree as their accumulation continues. Market insight provider Santiment confirmed: “Whale addresses holding 10K or more ETH have added 200K ETH from weak hands since January 20, worth ~$497.2M.” This huge accumulation has not been seen in the last two […]
Mike Katchen, CEO and co-founder of crypto&stock trading platform Wealthsimple, said the Canadian government should work on growing cryptocurrency and blockchain companies in Canada. During a discussion at the Canada Club in Toronto on Wednesday, Katchen said that blockchain technology is “very exciting” and that Canadian government officials and regulators should improve the tax and legal […]
Blockchain analysis firm Chainalysis said a 30% increase in cryptocurrency-related cybercrime last year from 2020. In a report, Chainalysis stated that cybercriminals laundered $8.6 billion in cryptocurrencies last year, and overall they have laundered more than $33 billion worth of crypto since 2017. Most of the total overtime have to centralized exchanges, the report added. […]
Virtual Metaverse gaming platform Sandbox has launched the Metaverse accelerator program, which will provide 100 startups with $50 million in start-up capital to promote the development of the Metaverse field. Sandbox, a subsidiary of Animoca Brands, said the plan would invest in about 30 to 40 blockchain startups each year. It will launch in the […]
With the year newly shaping up, more regulators are beginning to explore avenues to regulate the digital currency ecosystem. Accordingly, Thailand’s top regulators have issued a statement to regulate cryptocurrencies as a means of payment. Stumping Competition with National Fiat The trio of the Bank of Thailand (BOT), the Securities and Exchange Commission (SEC), and […]
With the year newly shaping up, more regulators are beginning to explore avenues to regulate the digital currency ecosystem. Accordingly, Thailand’s top regulators have issued a statement to regulate cryptocurrencies as a means of payment. Stumping Competition with National Fiat The trio of the Bank of Thailand (BOT), the Securities and Exchange Commission (SEC), and […]
The whole excitement around the metaverse, a virtual world that is projected to be the centre of attraction for social interactions in the future, is arguably not dying down soon, as Turkey’s President, Recep Tayyip Erdoğan has been declared as a fan. Per the local media channel, the DailySabah, the President has instructed officials of […]
As part of its research plans, the Bank for International Settlements (BIS) will explore whether decentralized finance (DeFi) technologies can enhance financing for small and medium enterprises in Hong Kong. The BIS – an umbrella group for central banks – said in a report Wednesday that in 2022, its Innovation Hub will “launch new projects into CBDCs, DeFi and […]
