With the weekend’s news of the closure of a Silicon Valley bank, which dominated headlines, stock trading in the shares of many banks was suspended today due to extreme volatility. A few examples include Charles Schwab, Western Alliance, and First Alliance. The news follows today’s comments by President Joe Biden
March 13, 2023 1 min read
Bitcoin (BTC) reached its monthly high on March 13 when U.S. bank equities saw one of the greatest collective stops in their history. According to CMC, the price of BTC surpassed the $24k level and is now trading at $24,348. In the last 24 hours, it is up by 18%.
March 13, 2023 1 min read
South Korea has doubled down on the metaverse’s promise as a new economic development hub. While other countries around the world have been sidetracked. By the noise around price volatility and ecosystem failures in crypto. The Ministry of Science and ICT of South Korea has announced funding for a special
March 12, 2023 1 min read
Russian cryptocurrency miners who want to escape prosecution by the state will be required to file tax returns. This would include detailing their earnings and providing authorities with information about their digital assets, including wallet addresses. That’s what the Moscow government is considering doing, at least in terms of a
March 12, 2023 1 min read
Bitcoin (BTC) fell roughly 8% in the last 24 hours before Friday morning’s employment figures. But it has since recovered marginally, rising back to just around $20,000. A steady unemployment rate of 3.4% was predicted, but instead, the rate increased to 3.6%. Recent statistics indicate a frightening $2 trillion loss
March 10, 2023 2 mins read
By himself, Christoph Zaknun created Degen Zoo, an NFT game based on Logan Paul’s abandoned Crypto Zoo, in under 30 days. To refute Paul’s assertion that the development process would take years, the creator of DAO Maker decided to take up the task of developing the abandoned idea. Setting new
March 10, 2023 2 mins read
Even if the market were to tank, it seems like Visa’s cryptocurrency operations would continue as planned. The company behind the widely-used cryptocurrency exchange Gate.io, Gate Group, has announced that it would launch a Gate Visa crypto debit card. Gate has announced that it is now accepting registrations and waiting
March 9, 2023 2 mins read
On Thursday, Animoca Brands, a company specializing in digital entertainment, revealed that they will be opening a private club in Los Angeles. Club 3 is being introduced by the Meta Hollywood partnership with the Planet Hollywood Group. Cryptocurrency and the entertainment industry both have long-standing traditions of exclusive clubs. Yuga
March 9, 2023 1 min read
Despite the fact that the Indian government and central bank have been skeptical of the cryptocurrency market, they are now striving to provide some regulatory clarity to the topic. Crypto and NFT businesses in India are considered “reporting entities” under the country’s Prevention of Money Laundering Act (PMLA), according to
March 8, 2023 1 min read
After finding multiple critical vulnerabilities, leading blockchain security company Verichains recommended companies employing Tendermint’s IAVL proof verification to safeguard their assets and reduce exploitation risks. A significant Empty Merkle Tree vulnerability in the IAVL proof on Tendermint Core, a well-known BFT consensus engine, has been disclosed by Verichains as part
March 8, 2023 2 mins read
