Plans to introduce a government-backed “NFT for Britain.” As planned by crypto-friendly Prime Minister Rishi Sunak, have been scrapped in the United Kingdom. As part of the government’s aim to make the UK a worldwide hub for crypto-asset technology and investment. Chancellor of the Exchequer Sunak requested in April 2022
March 28, 2023 1 min read
U.S. officials have accused Binance, the biggest cryptocurrency exchange in the world, of breaking the law in an attempt to step up their crackdown on the cryptocurrency industry. The cryptocurrency sector has been quick to focus on the CFTC’s designation of cryptocurrencies like Bitcoin, Ethereum, and Litecoin as commodities. One
March 28, 2023 1 min read
Companies have continued to develop despite widespread regulatory monitoring. A leading cryptocurrency exchange, Coinbase, is investigating “flatcoins” on its Base network. Inflation-pegged stablecoins, or “flatcoins,” were recently disclosed by Coinbase to be necessary for development on the Base network. This is one of three important breakthroughs the company plans to
March 27, 2023 2 mins read
Chinese state-owned banks have emerged as an unexpected source of possible support for the influx of cryptocurrency businesses into Hong Kong after the city granted access to the beaten-down industry. Moreover, Chinese banks have been reaching out to crypto firms directly over the last few months, adding to indications that
March 27, 2023 2 mins read
In an 86-page report published on March 24. The United States Federal Reserve explained why it had rejected Custodia Bank’s membership application back in January. Among them, the bank’s crypto-related activities also finds a place. The report claims that the Fed’s board has expressed concerns about banks with business strategies
March 26, 2023 2 mins read
On Saturday, Cardano crossed the 4 million wallet milestone. On this occasion, Dan Gambardello, founder of Crypto Capital Venture, stated Cardano is better positioned than Ethereum. He sees it as a significant event that portends a significant increase in the price of ADA, maybe as high as $15. Dan Gambardello
March 26, 2023 1 min read
There seems to be nothing but negative news for the Venezuelan crypto sector. Especially since Superintendent of Cryptoassets Joselit Ramirez was arrested. And President Nicolas Maduro ordered a reorganization of the country’s crypto regulatory body. In a recent development, Venezuela’s National Superintendency of Cryptoassets “Sunacrip”—the country’s crypto regulator—ordered the shutdown
March 25, 2023 2 mins read
The U.S. Securities and Exchange Commission (SEC) seems stubborn. In order to make it more difficult for cryptocurrency firms to operate in the United States and beyond. It’s no secret that SEC chair Gary Gensler isn’t a fan of the cryptocurrency market. Under his watch, the agency has taken a
March 25, 2023 2 mins read
Over 13 million e-naira wallets have been installed in Nigeria since October 2022. And the value of transactions in the country’s central bank digital currency (CBDC) increased by 63% to $47.7 million (₦22 billion). In his March 21 address to the local press, Governor Godwin Emefiele also said that the
March 24, 2023 1 min read
On Thursday, March 23, in the wake of the short seller report by Hindenburg Research, Block Inc. (NYSE: SQ) stock was bought in large quantities by Ark Investments founder and CEO Cathie Wood. The prices of the stock fell 15% amid the recent Hindenburg report on Jack Dorsey-led Block. Ark
March 24, 2023 2 mins read