Central Bank digital currencies (CBDC) are central bank-issued digital tokens that function similarly to cryptocurrencies. They correspond in value to the national fiat currency of the nation. CBDCs are the subject of much research and development, with several nations having already adopted them. On Thursday, the Turkish Central Bank stated
December 30, 2022 1 min read
For the better part of two years, NFTs have been widely used by Chinese traders, but maybe not in the same manner as elsewhere. In China, NFTs are called digital collectibles instead of NFTs and cannot be bought with cryptocurrencies due to local regulations. China was among the pioneering countries
December 30, 2022 1 min read
Michael Saylor, executive chairman of MicroStrategy, has said that by 2023, the company would release software and solutions that use the Bitcoin Lightning Network. Saylor announced the company’s development into Lightning Network-based software and solutions on December 28 during a Twitter Spaces event. These include “support” solutions for enterprise marketing
December 30, 2022 1 min read
Even though Bitcoin has suffered a severe sell-off this year, legendary investor Bill Miller remains positive about the cryptocurrency. The Baltimore investment firm became a household name because it consistently beat the S&P 500 from 1991 through 2005. After that, he took on the role of chairman and chief investment
December 27, 2022 1 min read
Mark Cuban, a billionaire tech entrepreneur, is optimistic about Bitcoin and has even said he hopes the price keeps falling. During an interview on comedian Bill Maher’s “Club Random” podcast, Cuban expressed a desire for the price of Bitcoin to decrease so that he could purchase more. The owner of
December 27, 2022 1 min read
BitKeep wallet exploited of about $8 million. Users of the multichain cryptocurrency wallet BitKeep claimed on December 26 that their money had been emptied and moved without their knowledge or permission. The BitKeep team stated in their official Telegram channel that attackers have hijacked certain APK package downloads and inserted
December 26, 2022 1 min read
After a few days of being the center of crypto and social media attention due to former president Donald Trump’s NFT collection, the buzz around the digital collectible seems to have faded away. The NFT collection seems to be fighting for survival as the value and number of transactions using
December 26, 2022 2 mins read
According to local media, the Hong Kong police have detained two executives from the cryptocurrency exchange AAX on allegations of fraud and deceiving the authorities. On December 23rd, police detained Liang Haoming, CEO of Weigao Capital, and Thor Chan, a former CEO of AAX. Authorities in the region accused the
December 24, 2022 1 min read
OpenSea, the biggest marketplace for NFTs, said today that it is prohibiting digital artists from all nations sanctioned by the United States, including Cuba, because of the embargo imposed by Washington. The prohibition was first revealed following the disabling of NFTcuba.ART profile on the marketplace. It was announced through Twitter
December 24, 2022 2 mins read
Thor Technologies and its CEO, David Chin, have been accused of violating the Securities Act of 1933 by the United States Securities and Exchange Commission (SEC), which has filed a complaint against the company and its leaders. The ICO that Thor held in 2018 involved the sale of digital tokens
December 22, 2022 1 min read