Category : Blockchain

Blockchain

Belarus President Signs Free Flow Crypto Decree

Belarusian President Alexander Lukashenko has signed a decree that will allow the free circulation of cryptocurrencies. The Council of Ministers will the order within three months of its publication. However, the move will also the national cryp...

Swindlers are Using OTP Bots to Wipe Clean Crypto Accounts

Fraudsters are becoming sophisticated by the day, with their latest tool being one-time password (OTP) bots used to wipe out cryptocurrency accounts, as by CNBC. The bots are being sold on Telegram, and they are designed in such a way that investo...

Ethereum wallet Rainbow Raises $18M in Series A Funding

Ethereum wallet Rainbow has raised $18 million in Series A funding. This investment follows the VC firm announcing a $500 million crypto fund at the beginning of this month. Rainbow's funding was led by Seven Seven Six, the VC fund set up by Reddit...

S2F Creator PlanB Projects Bitcoin to Touch $100k in 2023

PlanB, the anonymous creator of the popular price prediction tool, Stock-2-Flow (S2F) model is highly optimistic that his model that projects Bitcoin’s price at $100,000 will come true latest by 2023. Taking to Twitter, PlanB that “Both S2F and lo...

Bank of Russia Commences Digital Ruble Trials

The Bank of Russia (BoR) has announced the commencement of its Digital Ruble trials, making the most ambitious push for a functional Central Bank Digital Currency (CBDC) for the country. As by the bank, the trials became necessary following the cr...

Mastercard Expands Consulting Services to Crypto

American multinational financial services corporation, Mastercard Inc, is expanding its consulting services and is making commitments to support several innovations in the cryptocurrencies market. As by the Purchase, a New York-based firm, the exp...

The Metaverse: A New Virtual World to Live In?

We are witnessing the rise of the metaverse era that will have an impact on entertainment, education, financial services, and perhaps all aspects of our everyday lives. The metaverse is still in its infancy, much like the internet in the mid-1990s....

A Rising Rate Environment will Tilt from Bonds to Crypto, Says Fundstrat Founder

on CNBC’s Crypto World Monday, Thomas (Tom) Lee, the founder of equity research firm Fundstrat Global Advisors, opined that with interest rates being on a reversal after experiencing a 30-year decline. This is a game-changer for crypto because ot...

South Korean University to Present NFT Certificates for Graduates

Sungkyunkwan University (SKKU), a top private university in Suwon, South Korea, seeks to add flavour to its graduation ceremony slotted onFebruary 16, by offering (non-fungible token) NFT certificates to three graduators because of their excellent p...

Crypto Market Expanding in the Middle East, Says HashCash CEO

A paradigm shift is being witnessed in Middle East, especially the United Arab Emirates (UAE), because the region’s interests are changing from oil to crypto and metaverse, among other blockchain innovations. Having set its eyes on becoming a block...

BlockFi to Pay $100M to Settle Charges with SEC & 32 States

BlockFi will pay $100 million to the U.S. Securities and Exchange Commission (SEC) and 32 states to charges in connection with a retail crypto lending product. The charges have come after a subsidiary of BlockFi the retail crypto lending product...

India Should Ban Cryptocurrencies, Says RBI Deputy

India should ban cryptocurrencies as they are to Ponzi schemes or worse and they pose a threat to financial and macroeconomic stability, a deputy governor at the Reserve Bank of India (RBI) said. "We have also seen that cryptocurrencies are not am...

Chinese Tech Giants Cautiously Invest in the Metaverse

The metaverse is arguably one of the biggest trends and buzzwords in the world of tech today, and Chinese technological giants are not sitting on the sidelines to watch the actions unfold. As by CNBC, Chinese mega unicorns are certainly investing...

UK's HMRC Makes the First NFT Seizure in Tax Evasion Scandal

The United Kingdom’s tax authority, Her Majesty’s Revenue and Customs (HMRC) have arrested three suspected tax evaders and seized three Non-Fungible Tokens (NFTs), a confiscation that marks the very first of them that it's kind from any law enforcem...

Singaporean DBS Bank to Expand Bitcoin Offerings to Retail Traders

DBS, the largest financial services operator in Singapore, is on track to expand its Bitcoin trading services to its retail customers, a wildly divergent position from its plans when it made its debut into the nascent digital currency world. In the...

Coinbase Traffic Hits Historic Highs Following Super Bowl Ad, Jumping to Top 2 on App Store

Following a minute-long ad $14 million meant for the Super Bowl, US-based crypto exchange Coinbase raked in the dividends because traffic reached historic highs. Reportedly, the traffic was overwhelming, resulting in the Coinbase app surging to th...

Canada's Emergencies Act to Target Crypto Transactions, amid Anti-Vaccination Protest

Prime Minister Justin Trudeau invoked the Emergencies Act to curb the "Freedom Convoy" protests. The act, which is part of the Terrorist Funding rules, gives local authorities more tools to suppress protestors by freezing bank accounts and an eye...

The Crypto Market Accumulates BTC, But Lacks Catalyst for Explosive Rise. Top DeFi Losers

As of this writing, BTC remains almost 39% off its November peak, and we have not seen any catalysts for growth to propel it to new all-time high. Cryptocurrency markets generally had a tough time as appetite for risk assets declined, amidst high i...

Hungarian Central Bank Governor Advocates EU Wide Crypto Ban

The Governor of the Hungarian Central Bank, György Matolcsy, recommended that all cryptocurrency-focused activities including trading and mining should be banned across the European Union. In a release on the Magyar Nemzeti Bank's (MNB) website, G...

Ethereum Median Fees Slip to 6-Month Low, Will this Reignite Rebound?

Over the weekend, the crypto market was in the red, with Ethereum (ETH) dropping below the psychological price of $3,000. The second-largest cryptocurrency based on market capitalization was down by 2.14% in the last 24 hours to hit $2,866 during i...

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