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After going against digital currency activities in the country, China has wholly embraced the idea of investing in the metaverse and making the most of it to boost its economy. Following regulations and approval from the government, the metaverse industry is now taking shape in the country. The financial sector regulator of the government raised … Read more
At a time when more countries are considering legislation to provide a license to service providers in the cryptocurrency industry and boost their economic potential through providing a conducive environment for businesses to flourish, decision-makers in the UAE are planning to formulate national crypto regulations in the Middle Eastern States despite having various free zones … Read more
A white-hat hacker has breached the security architecture of the Ethereum L-2 Optimism by discovering a critical bug in a smart contract of the blockchain network. The hacker fixed the bug and was paid $2 million as a bounty. The system bug in one of Ethereum’s smart contracts was first discovered on the 2nd February … Read more
A globally-renowned financial authority, the FSB, recently declared that more data is needed to meet global standards to have ample knowledge of the crypto industry. According to the Financial Stability Board (FSB), the new roadmap for examining the crypto market is needed to ascertain the financial stability risks of numerous cryptocurrencies. In a 30-page report … Read more
The news of Russia’s planned attack on Ukraine has sent shock waves through the cryptocurrency industry, which affected the performance of most digital coins in the market. But in the past 24 hours, the cryptocurrency market has regained its momentum after news reports showing that the invasion of Ukraine by Russia is unlikely to happen; … Read more
The growing number of people who see the world’s pioneer digital currency as a strong hedge against inflation keeps on growing, making Bitcoin the darling of investors with no equal. February 15 saw the USD lose a massive part of its purchasing power, up to 97.58%, against Bitcoin in the past five years. Contrast the … Read more
The drive to reduce the carbon footprint impact of the crypto industry by paying more attention to renewable energy sources is gaining traction in the cryptocurrency space as digital mining firm Merkel Standard reaches an agreement with Bitmain, a maker of Bitcoin mining infrastructure to build a green mining facility. Previous reports can recall that … Read more
Ethereum price did crash in January but has witnessed its sharpest rebound to date in a bear trade. ETH has pulled back to retest $3,000 support levels on the 9th of February after ETH native token reached a three week high. Ethereum has always experienced an elevated average in terms of comeback. ETH price has … Read more
Global payment platform, Visa, has announced that in its latest earnings call, it discovered that users of its services had executed about $2.5 billion worth of transactions with their crypto-enabled cards. Giant Strides The latest figure put out is now more than 70% above all other transactions executed using crypto cards in the 2021 fiscal … Read more
Popular crypto trading platform Robinhood’s trading profits have declined since the fourth quarter of last year as the platform avoids the listing of memecoins. This revelation came via the trading platform’s monthly revenue report where it revealed that profits made from its trading activities have declined in the fourth quarter (Q4) last year. In quarter … Read more
CEO of Galaxy Digital Mike Novogratz has called out his fellow CEO, Peter Schiff of Euro Pacific Capital to back his bearish sentiments with a $1 million Bitcoin price stake. This development came in a Twitter spat between the two prominent men. Arguably the most infamous Bitcoin doom preacher, Peter Schiff aired his damning sentiments … Read more
Different price predictions are trailing the world’s leading cryptocurrency, Bitcoin, these days. At the time of putting this piece together, Bitcoin is currently trading at $35.855. Significantly below the $40,000 benchmark some analysts and market observers had set for it. A crypto enthusiast and trader (Twitter: @SmartContracter) who accurately predicted Bitcoin’s lowest dip during the … Read more