The Russian military offensive in Ukraine did not surprise many because Russia has been threatening to deal with Ukraine’s decision to host a foreign military post in its territory for some time now. Following Russia’s attack on Ukraine on the 24th of February, NATO and its allies have been planning to slam extreme sanctions on […]
The tiny Pacific nation of Tonga has revealed plans to recognize BTC as a legal tender before Q3 2022. A member of the nation’s parliament, Lord Fusitu’a, revealed that Tonga would follow El Salvador’s BTC playbook of four steps in adopting BTC as a legal tender. Following El Salvador’s 4-Step Plan The four steps in […]
The emergence of cryptocurrency led to a rapid change in transactions in the financial sector, giving rise to a stage where digital transactions are gradually replacing conventional financial transactions. Over the years, there have been calls from some individuals and groups about the operation of cryptocurrency, particularly Bitcoin, and its effect on the environment due […]
When the cryptocurrency market was experiencing the usual fluctuations associated with the marketplace, with prices crashing and investors gasping for air to survive the brutal market force, there is always something to look out for in all these. In the ongoing price disruption in the market, crypto tracking firms observed large wallets moving huge XRP […]
ZKsync, a ZK roll-up solving Ethereum scalability with zero security compromises, has announced the deployment of its roll-up protocol on the ETH test-net was successful. The Excitement In The Ethereum Community ETH advocates are excited about this development since transactions can be validated without human influence. The deployment comes nearly 12 months after the creators […]
As they look to enter the growing NFT market, blockchain network platforms are increasingly becoming an attractive ecosystem for established businesses involved in various service delivery methods. One of the most famous fashion companies globally, Dolce & Gabbana, has revealed its plans to expand its already established NFT collection on the Polygon blockchain after establishing […]
XRP wallet addresses with at least 10m tokens have purchased about 900m XRP tokens (valued at about $710m as of this writing) between last December and this month. It is the second time such massive accumulation has taken place in the last half a decade. Santiment Data Reveals It All Data from the on-chain analytics […]
The second biggest stable coin globally, USDC, has been enjoying a relatively meteoric rise in market valuation over the last few years. February 1 has been the most monumental for stablecoin as it surpasses $50 billion in market capitalization. Circle Inc., the creator of the USDC, is reported to have minted up to 100 billion […]
British Virgin Islands-based crypto trading platform, Bitfinex, has revealed that its users can now trade the GBP, and JPY against the USDT and the GBP/EURt. Part of the announcement which was issued today stated that the goal of these additional margin trading services is to expand its stablecoin offers and more importantly, meet with customers’ […]
The on-chain activities in the Cardano network have coincided with new addresses increasing by 167% for the Cardano blockchain network. The reported increase arises from a flurry of activities that the Cardano network has experienced. An analyst reported Cardano’s growth was due to increased on-chain activities on the Cardano blockchain network. Ali Martinez revealed that […]
The United Kingdom’s Financial Conduct Authority (FCA) has expressed its reservations about the recent partnership between Paysafe and cryptocurrency trading platform, Binance. The FCA did not support the latest deal following the previous incident in July 2021, when Binance failed to access the sterling payment network, paving the way for Paysafe to strike a deal […]
Early in the year, the cryptocurrency market took a hit, with many fearing for the worse following the slump, but things are beginning to shape the industry, which signals a ray of hope for investors and fans alike. Analysts from the financial and data company, Bloomberg, have given their expert opinion on the possibility of […]
A non-partisan group in the US legislature recently proposed a new bill titled “virtual currency tax fairness act.” Highlights Of This New Bill The bill’s primary objective is to make it easy for crypto holders to settle their taxes. Hence, the government can make profits (albeit small) from those who aren’t paying tax on their […]
The cryptocurrency industry is experiencing rapid growth and development with the way it has become mainstream and acceptable by individuals and various businesses, making it an attractive investment destination. Investors are now readily available to stake their money wherever they think will give them profits, and cryptocurrency is one of these. Even renowned stock market […]
The Federal Bureau of Investigation (FBI), in its latest announcement a few days before Valentine’s Day, has cautioned against romance scams during this period in the San Francisco Bay Area. According to the FBI, cryptocurrency-related romance scams are rising following complaints it received that bordered on internet crime at its district office in San Francisco. […]
Sovereign wealth funds in South Korea have started to make plans for the future, as they seek to invest over $200 billion in startups dealing in alternative assets, the metaverse, and Artificial Intelligence in Silicon Valley. The head of the sovereign wealth funds, Korea Investment Corp, revealed that it was looking beyond tech stocks, as […]
One of Russia’s wealthiest men, Vladimir Potanin, has claimed that national digital currencies such as the digital ruble have more real-world meaning than BTC and other private digital currencies. Potanin made his opinion known among the two digital currencies in the latest Bloomberg interview. National Digital Currencies Are The Future Of The Finance World – […]
After accounting behemoth, KPMG Canada, joined the list of institutional investors in cryptocurrency, another top Canada-based institutional investment firm, TMX, is set to join the bandwagon. The TMX Group is Canada’s biggest stock market operator and has announced plans to launch a maiden crypto ETP. Details About This New Listing This new listing will make […]
BTC found new bullishness today to break a 12-week decline. The crypto fear & greed index hit 48 today, making it the highest in 12 weeks and signifying a major shift in the crypto market. The crypto market cap is back at the $2 Tr levels following a month of intensive selling pressure by the […]
Belarus is not planning to fasten its free cryptocurrency legislation even as its neighbouring ally, Russia suggested to restrict token mining and transactions. The Eastern European Country of Belarus has given a go-ahead to let investment funds seek exposure to digital possession. This was approved in December 2017. The Belarusian government embraced Decree No. 8 “On the […]
