Crypto Miners Consume More Energy Than Agric Sectors Cryptocurrency mining is not forbidden in Russia, at the same time it is not within the coverage of the country’s law. This makes it risky business to investors. However, after the announcement of the latest electricity consumption estimate, the Russian regulators clamored for the regulation of crypto […]
Following the fall of the Terra UST, another token has its top position. News has it that the DAI token has emerged as the biggest decentralized stablecoin. The token has the largest market valuation in the DeFi community. Also, its issuer, MakerDAO, has gained the top position as the largest DeFi platform by TVL. MakerDAO’s […]
The Statistics From KuCoin’s Research Lab Data from KuCoin research house showed the numbers of U.S. citizens adopting Blockchain technology continues to grow rapidly. It also revealed that both the young and adult generations are actively growing their finances daily via the crypto industry. The data also entails the statistics of users’ investment sentiment for […]
The U.S. regulatory body, SEC, has requested the presiding judge over the current SEC vs Ripple case for an extension. The release of the motion had a negative impact on the price of Ripples’ token, XRP. It experienced a downtrend of 1.30% in price as at the time of publication. SEC Requests Court To Extend […]
A Twitter user, Cardano Whale, has taken to his handle to encourage institutional investors to buy more $ADA. The user is a popular Cardano enthusiast. He explained some reasons why Cardano is suitable for long term investors interested in the project via his tweet. Cardano Whale And Other Enthusiasts Encourage Investors to Bag $ADA On […]
According to the 24 hours price chat, LUNA has gained more than 40% rise in price as its community burnt their tokens in millions. However, Do Kwon, the founder of Terraform Labs, had advised LUNA holders against such action as he said that it might cost them their tokens. Do Kwon Advise Holders Against Burning […]
A New Partnership Ripple looks to expand its reach by teaming up with Lithuanian company FINCI. Ripple will make available RippleNet’s ODL services that use XRP to link two currencies, which reduces the cost of operations and speeds up transactions compared to traditional ways. The collaboration rests upon the use of RippleNet’s international payment network […]
In an interview, Christine Lagarde, the head of the European Central Bank, made it quite plain where she stands concerning the value of digital assets. Head Of ECB Label Cryptos As Worthless According to a survey by Politico, the head of the ECB noted her position on crypto. The ECB head stated that digital assets […]
UK cryptocurrency market regulators are currently investigating Terra’s plunge. It began amid the recent cryptocurrency market massacre. The leading cryptocurrency in the market, BTC, fell as low as $26,000 during the market downturn. At the same time, Terra fell by about 100%. Terra’s Meltdown Under Investigation as UK regulators Consider New Crypto Rules While regulators […]
A prominent cryptocurrency exchange, FTX, is getting into the stock trading business. Soon, its users will be able to trade equities and exchange-traded funds on the platform. Only A Few Users In The United States To Enjoy The Service The Wall Street Journal reports that the firm Sam Bankman-Fried helped establish and serve as its […]
CBA’s Crypto App Plan As previously mentioned last year, Australia’s biggest bank disclosed plans to let its users carry out crypto-related transactions on its app. It has been taking its plan to develop the project but as not stated a particular time it will finally launch the project to the public. It also has plans […]
The Situation at Hand The drastic drop and decline that befell the digital asset market last few weeks have left a mark on the users and investors of crypto, with crypto coins and other assets experiencing their lowest of lows and even stablecoins being affected, it’s no surprise that both old and new investor is […]
Cardano’s price appears to hold the line following the 57% slump to $0.384. Nevertheless, the immediate obstacle at $0.677 might limit further recovery by ADA. A daily candle closing beneath $0.397 will annul the already precarious optimistic tale. Cardano sees its price staying well beyond the latest swing low that printed a possible bottom […]
With the chaos in the cryptocurrency market this year, it’s a surprise that a certain coin is still able to make money while others like bitcoin and Luna are making considerable losses and finding it hard to get out of the situation in which they find themselves. Considering this is just the first Quartile, the […]
Popular and controversial crypto exchange, Binance, has announced that it would no longer offer Apecoin lending on its platform as its supply of the token cannot meet its demand. Famous china-based crypto journalist, Collins Wu, was the first to observe the notification on the Apecoin lending page. The demand for Apecoin started increasing following the […]
BAYC’s native token (Apecoin) gained 7% during Wednesday morning’s trading session to exchange hands at $19.15. Thus, gaining nearly 23% in the last seven days. The gains in the price of Apecoin are linked to Yuga Labs’ proposed launch of the Otherside metaverse on April 30. Yuga labs, which owns BAYC NFT collections, further announced […]
The long-running case between cryptocurrency firm Ripple and U.S. regulator SEC will take a new dimension this week, as both parties are set for a significant breakthrough. Both parties will suggest a timeline for a summary judgment this Friday. However, Ripple’s lawyer James Filan anticipates more postponements in the case. He believes Ripple and the […]
On Monday, one of the popular metaverse-related social apps, FlickPlay, officially confirmed via a press release that it is now in collaboration with The Sandbox. The aim of the cooperation is for both platforms to share features. Users of the social app can utilize any of the platform’s characters on The Sandbox platform. Many FlickPlay […]
The crypto space has been getting lots of attention lately from several regulatory agencies. The nature of cryptocurrencies and the possible negative impacts has raised so much attention. Recently, the US Federal Deposit Insurance Corporation raised its concerns regarding the risks of cryptocurrencies, especially Bitcoin and Ethereum. FDIC Financial Institution Letter Being a major banking […]
A lot is happening in the crypto industry as Ethereum has hit its highest price level in the past three months. Bitcoin is currently bullish, while AXS has increased by 12%. Axie Infinity (AXS) Ronin recently got hacked, but the recent increase has caught the market by surprise. What’s Going On With Bitcoin? Bitcoin witnessed […]
