Central bank digital currencies (CBDCs) are seen by regulators throughout the globe as a method to improve fiat capabilities by emulating the technological innovations that fuel cryptocurrencies and their associated financial prowess. Following suit, Pakistan has announced new legislation to facilitate the introduction of a domestic CBDC by 2025. Moreover,
December 5, 2022 1 min read
On Saturday, Brian Armstrong, CEO of Coinbase, criticized Sam Bankman-Fried’s story of how FTX lost $8 billion. According to Armstrong, FTX’s prior CEO, a physicist with a degree from MIT, would not allow billions of dollars to go without a trace. The CEO of Coinbase then explained how he thought
December 5, 2022 2 mins read
According to Yat Siu, co-founder and executive chairman of Hong Kong’s blockchain gaming behemoth Animoca Brands, the company will soon launch a gigantic $2 billion fund, entitled “Animoca Capital,” to invest in metaverse firms. During an interview with Nikkei Asia, the executive said that digital property rights would be a
December 3, 2022 1 min read
Former FTX US president Brett Harrison is now trying to raise money for a new cryptocurrency firm. The report states that he is attempting to raise $6 million while valuing the firm at $60 million. The company’s stated goal is to develop cryptocurrency trading software for institutional investors. This comes
December 3, 2022 1 min read
There is a potential danger to creator royalties in the NFT arena. Particularly on Solana, where almost all major markets have ceased mandating that traders pay the costs. Magic Eden, the most popular Solana marketplace, has recently taken action toward establishing a more stable method to enforce creator royalties. The
December 2, 2022 2 mins read
Sber, Russia’s biggest bank, now supports the MetaMask cryptocurrency wallet. In a drive toward DeFi and Web3, the bank has stated that blockchain technology has been integrated. Integration with the Ethereum ecosystem is shown through the advancement. The data also pointed to the untapped potential for its proprietary blockchain. This
December 2, 2022 1 min read
Adding to the recent measures taken by Portugal, another European nation plans to increase crypto trading taxes. Italy’s proposed budget for 2023 includes a measure that would impose a whopping 26% tax on crypto-related capital gains. This tax bracket, however, kicks in whenever crypto revenues are above €2,000 (approx $2,062).
December 1, 2022 1 min read
This week’s cryptocurrency market recovery has been accompanied by significant price increases for several cryptocurrencies. The native cryptocurrency of the Ethereum-based decentralized exchange (DEX) Uniswap, UNI, is one noteworthy altcoin with recent gains. The UNI price increased by 6% on Wednesday after the debut of its new NFT Aggregator. Uniswap’s
December 1, 2022 2 mins read
After a year of volatility in the cryptocurrency market, prices have started recovering in recent days. Yesterday, there was a significant increase. The coins are still trading in the green, prompting optimistic forecasts for the year-end. Shiba Inu prices have gained marginally in the last day. As of this writing,
November 30, 2022 1 min read
It was speculated in September that NFT powerhouse Yuga Labs was developing a new NFT Collection named “Mecha Apes.” Which may be released before the year’s end. The Community Manager for Yuga Lab, Alexei Koseff, just tweeted that the NFT giant would finally release “Mecha Apes” in time for the
November 29, 2022 1 min read