Category: Blockchain

Kazakhstan has been in the crypto news a lot lately. On the surface, we know that it’s a Central-Asian nation with cheap electricity that became the world’s second-largest center for cryptocurrency mining after China’s crackdown on crypto. Kazakhstan experienced violent clashes between protesters, police, and soldiers, which resulted in an internet blackout that caused difficulties

With the evolution of the Ethereum roadmap, ETH 2.0 has emerged as an inaccurate representation, and this has necessitated its rebranding so that a broader audience can comprehend its content.  The Ethereum Foundation explained: “One major problem with the ETH2 branding is that it creates a broken mental model for new users of Ethereum.

Reportedly, Chinese tech-giant Tencent will provide support services for the virtual space “Metaverse” business to Japanese companies as soon as before February, according to Japan’s Nikkei media report on Monday. Tencent said it would provide services through its Japanese subsidiary, offering comprehensive support from the construction of virtual spaces, the production of avatars to content distribution. As

Speaking on CNBC’s Mad Money show, host Jim Cramer opined that Bitcoin might be staring at the end of its downside because of seller exhaustion. He based his remarks on an analysis made by Tom DeMark, the creator of the DeMARK Indicators and veteran technician. Cramer noted: “When the charts, as interpreted by Tom

Meta is reported to be building the world’s fastest artificial intelligence supercomputer. The announcement was made by the company’s founder Mark Zuckerberg, adding that the computer is being built as part of the plans to build a virtual metaverse. Meta, formerly known as Facebook, said that the infrastructure is a major requirement since the metaverse

Uniswap’s founder Hayden Adams has criticized investment banking giant, JPMorgan Chase for closing down his accounts without any form of notice or explanations. Sharing his displeasure on Twitter, the decentralized finance (DeFi) innovator said the bank’s actions are not uncommon, making reference to the “many individuals and companies who have been similarly targeted simply for

The Bank of America Corp. said that the US is likely to issue its own digital currency between 2025 and 2030, Bloomberg reported. According to strategists Alkesh Shah and Andrew Moss, central bank digital currencies or CBDCs are an evolution of electronic currencies, but digital currencies issued by the private sector will also probably keep

In a press release issued on Monday, the Bank of Korea (BOK) said that it has completed the first stage of its Central Bank Digital Currency (CBDC) or Digital Won trials. Many central banks worldwide are reconsidering the use of fiat currencies in their economies as the financial revolution is taking centre stage across the

While the Russian central bank presented the proposal to receive public comments, local tech and political oligarchs are expressing their full displeasure over the proposed ban. Just as China banned digital currencies in 2021, the Central Bank of Russia (CBR) has also proposed imposing a blanket ban on cryptocurrencies, as reported by Blockchain.News in the past week.