China returns as 2nd top Bitcoin mining hub despite the crypto ban
17.5.2022
China still hosts 21% of the total global Bitcoin hash rate after the local government banned all crypto operations in the country last year
Howling Wolves Launching Their NFT Collection
17.5.2022
Theme Behind Howling Wolves Howling Wolves has launched their NFT collection by drawing inspiration from Laycaon and its pack of wolves. Laycaon is the leader, and its first disciples include Redwolves, Alphas, and Betas, who are Howling Wolves ruling class. Howling Wolves offers several...
RBI warns of crypto 'dollarization' of Indian economy
17.5.2022
Crypto "will seriously undermine the RBI's capacity to determine monetary policy and regulate the monetary system of the country," according to Reserve Bank of India officials
Portugal to Tax Cryptocurrency Income According to Minister of Finance
17.5.2022
Portugal, one of the countries considered a crypto tax haven due to its absence of crypto-related taxation, is preparing to change this policy. Fernando Medina, minister of finance of Portugal, stated that the country is working on a framework to allow the taxation of cryptocurrency income gains...
Twitch co-founder raises $24M for Web3 gaming firm Metatheory
17.5.2022
The funding round led by Web3-focused venture capital firms will be used for upcoming nonfungible tokens, comics and a play-to-earn game slated for late 2022
Japan’s largest investment bank Nomura readies new crypto subsidiary
17.5.2022
The leading Japanese bank plans on establishing a crypto subsidiary outside of Japan and will acquire about 100 personnel to work in the digital asset space
Bitcoin and Ethereum Still Consolidate, MKR Outperforms
17.5.2022
Bitcoin price started a downside correction below the USD 30,000 level before moving back. BTC is now (04:07 UTC) consolidating near USD 30,300 and facing hurdles on the way toward USD 31,000. A clear move above USD 31,000 and USD 31,500 could open the doors for a stronger increase. BTC...
Miami and New York City coins tank despite Mayoral endorsements
17.5.2022
“People will stop mining the coin if they can’t make money off of it,” according to Michael Bloomberg who referred to the two previously hyped city coins
Indian Regulator SEBI Proposes Banning Public Figures From Endorsing Crypto Products
17.5.2022
The Securities and Exchange Board of India (SEBI) has reportedly proposed banning public figures, including celebrities and sportsmen, from advertising and endorsing crypto products. The regulator also proposed that public figures be held liable for any law violations when promoting crypto...
Stablecoin supplies and cash reserves in question amid crypto exodus
17.5.2022
The fallout from Terra’s collapse continues as outflows from Tether (USDT) hit an average of $1.1 billion a day over the past week
Coinbase unveils Web3 mobile Dapp and DeFi wallet and browser
17.5.2022
Coinbase is rapidly expanding its product offerings this month as some select users can now access DeFi and other Dapps on Ethereum through the Coinbase app
Iran Blocks 9,200 Bank Accounts Over Suspicious Foreign Currency, Crypto Transactions
17.5.2022
Iran’s Ministry of Intelligence has reportedly blocked almost 10,000 bank accounts over suspicious foreign currency and cryptocurrency transactions. The action was carried out in collaboration with the country’s central bank. 9,219 Bank Accounts Blocked Iran’s Ministry...