Category: Blockchain

Citing data from Coinbase, the New York Post reported on Oct 31 saying that the price of a MANA token, which can be used in a metaverse leapt 164% in 12 hours. A week earlier, Decentraland’s MANA virtual reality cryptocurrency had been just valued around 80 cents, before reaching $4.33 on Saturday evening. According to

Australia’s securities regulator has given the green light to investment firms seeking to launch ETFs with underlying cryptocurrencies to be able to do so. Australian Securities and Investments Commission (ASIC) announced on Friday, October 29, that it had approved the use of cryptocurrencies as underlying assets for exchange-traded products (ETPs). ASIC stated on Friday: “We

Decentralized trading platform BXH Network has suffered a system breach that has resulted in about $130 million from the protocol. While the initial announcement from the company noted that only assets on the Binance Smart Chain (BSC) networks are affected, SlowMist, a security service provider in the crypto ecosystem, affirmed that more than $130 million had

A religious Islamic organization in Indonesia, one of the countries with the largest population of Muslims in the world, Nahdlatul Ulama in East Java, has issued a fatwa on the status of digital currencies under the Sharia Law. The organization proscribed cryptocurrencies like Bitcoin (BTC), and Ethereum amongst others, tagging them as ‘Haram’ which means

Tinkoff Investments, the brokerage services platform arm of Russia’s largest online bank, Tinkoff, is researching cryptocurrency investment services despite Russia’s Central Bank withholding the bank from launching such services. The head of Tinkoff Investments, Dmitry Panchenko, engaged in a recent interview with local news agency TASS and revealed that the brokerage platform is currently working

Blockchain payments firm, Ripple Labs Inc has announced its sales record for the fiscal third quarter, in a bid to voluntarily provide transparency to its broad community around the world. According to the firm, the total XRP sales by Ripple, net of purchases, came in at $491.74 million as against $157.92 million it recorded in

Despite SHIBA INU (SHIB) being officially launched in August 2020 as the decentralized finance (DeFi) market was making huge strides and growing exponentially, this cryptocurrency has crafted a name for itself based on its increased adoption. On-chain metrics provider Santiment explained: “SHIB remains the top trending topic in crypto, as its major volatility and

Bitcoin miners have emerged as notable holders and buyers in the crypto space, which signifies a behavioral change. On-chain analyst Willy Woo explained: “Since 2020, miners have been HODLers (and buyers) of BTC. This is a sea change in behavior. Miners have not been in sustained accumulation behavior since the 2009-2014 era.”  

The Financial Action Task Force (FATF) has updated its guidance governing Virtual Assets and Virtual Asset Service Providers (VASPs) with the inclusion of decentralized finance (DeFi). DeFi Developers Can Qualify as VASPs Despite the original standards of the FATF not qualifying DeFi apps as VASPs, the intergovernmental monetary watchdog says that there is no room

Digital currency trading platform Liquid Exchange has tapped the Japanese license that now qualifies it as a Type I Financial Instruments Business under the Financial Instruments and Exchange Act. As announced by the exchange, the license was secured through its Japan-based subsidiary, QUOINE Corporation. The trading firm says that it will expand its trading offerings