Peter Schiff, an economist, and staunch gold bull, has a holiday greeting for bitcoin holders. Schiff established Schiffgold, a precious metals company that deals mostly in gold and silver bullion, and serves as its chairman. He has always been skeptical about bitcoin and has instead advocated for gold. Mark stated:
It’s hard to believe that 2022 is the year that saw NFTs being sold for 100s of millions and Bitcoin reach all-time highs of around 60,000 USD. While at the same time being the year that saw multiple crypto companies crumble, including the infamous collapse of FTX, and causing Bitcoin
The cryptocurrency market plummeted in real time along with the World’s economy. Although many sequential backlashes led to this downfall, this article focuses on a few that caused massive disruption. 2022 is a year of crypto adoption and unanticipated mass crypto tax regulations. Countries like Australia, Canada, Denmark, France, Germany,
The top Solana NFT collection DeGods and y00ts announced their departure from Solana earlier today on Twitter. DeGods will switch to the more well-known Ethereum, while y00ts will be moved to Polygon, an Ethereum sidechain. y00ts will officially bridge to @0xPolygon in Q1 2023. pic.twitter.com/Mnz25dJko1 — y00ts (@y00tsNFT) December 25,
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
As the decentralized finance (DeFi) spin on the centralized exchanges is scrambling to shore up client trust in the aftermath of FTX, Aave will introduce a “proof of reserve” approach to secure bridging assets on Avalanche. Over ninety-nine percent of participants in the decentralized autonomous organization (DAO) that manages Aave,
The Securities and Exchange Commission (SEC) of the United States is increasing its scrutiny of audit firms’ work with cryptocurrency companies. A senior US SEC official has urged investors to be “extremely careful” of relying on a crypto company’s “proof-of-reserves.” Paul Munter, SEC’s acting chief accountant stated: “We’re warning investors
Mercedes-Benz group, the German luxury automobile is planning to expand its empire in the virtual world too. The step forward towards this is the filing of trademark applications for NFTs and similar purposes. This metaverse initiative was in a public forum on the 19th of Dec, after the tweet made
As a result of pooling liquidity from several DEXs, aggregators may provide their consumers with more advantageous token exchange rates than any single DEX could provide. When executed properly, DEX aggregators may optimize slippage, swap fees, and token prices, providing customers with a more favorable exchange rate. OpenOcean, a DEX
Brazil’s President Jair Bolsonaro approved a crypto regulatory bill recently passed by the country’s Chamber of Deputies and Senate on Thursday. The bill will not permit the use cryptocurrencies like Bitcoin. Recently signed legislation includes numerous digital currencies as authorized payment methods. The new law establishes a crime of fraud involving
