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UK government targets crypto in latest legislative agenda
10.5.2022
The Queen’s Speech for the State Opening of Parliament included bills supporting “the safe adoption of cryptocurrencies" as well as authority to "seize and recover crypto assets.”
KuCoin to launch DeFi products in 2022 with fresh $150M raise
10.5.2022
The global crypto exchange KuCoin expects to launch decentralized wallet products later in Q2 2022, also planning to roll out its NFT marketplace Windwave in the near future
Talos raises $105M to become the latest crypto unicorn valued at $1.3B
10.5.2022
PayPal-backed crypto firm Talos has raised fresh funding from companies like Ken Fox’s private equity firm Stripes, BNY Mellon, Citi and others
Binance suspends LUNA and UST withdrawals citing network congestion
10.5.2022
The market value of UST, Terra’s stablecoin offering, recently fell below the expected $1 price point as LUNA’s price witnessed a sharp decline owing to a significant selloff
BIS: 9 out of 10 Central Banks Worldwide Are Exploring Digital Currencies — Driven by Crypto Market
10.5.2022
Nine out of 10 central banks globally are exploring central bank digital currencies (CBDCs), according to the latest survey by the Bank of International Settlements (BIS). Furthermore, “the emergence of stablecoins and other cryptocurrencies have accelerated the work on CBDCs.”...
Bitcoin retests key $30K support zone as data highlights BTC whale accumulation
9.5.2022
Fear dominates the crypto market as BTC price trades near $30,000, but data suggests whales and momentum traders could be interested in accumulating in this zone
Bitcoin price falls to $31K as traders prepare for a ‘rocky’ road and more downside
9.5.2022
BTC price hits a 2022 low as on-chain data points toward capitulation by traders adopting a risk-off approach to crypto and stocks
Compound Treasury receives B- credit rating from S&P Global Ratings
9.5.2022
Though the protocol offers an arguably lucrative yield of 4% per year, it's only available to accredited investors as of now
Deribit and OKX attract significant traffic from China despite a blanket ban: report
9.5.2022
Recent geographical traffic data highlights that Chinese traders continue to access centralized exchanges despite a regulatory risk
Quelle surprise: Central African bank scolds the CAR for Bitcoin adoption
9.5.2022
The Central African Republic adopting crypto puts monetary stability in “peril” according to a letter from the Governor of the Bank of Central African States
Coinbase Warns Some Russian Users Their Accounts May Be Blocked, Report Reveals
9.5.2022
Leading U.S. crypto exchange Coinbase has reportedly notified certain Russian customers that their accounts may be blocked at the end of this month. According to Russian media, the trading platform has offered them to withdraw their funds unless they prove they are not under sanctions. Coinbase...
Understanding staking pools: The pros and cons of staking cryptocurrency
9.5.2022
A popular investing strategy for long-term crypto investors, staking pools promise a regular income stream for the tokens staked with certain riders
Top 5 cryptocurrencies to watch this week: BTC, ALGO, XMR, XTZ, THETA
8.5.2022
Bitcoin has reached a critical support zone and if there is a bounce from this level ALGO, XMR, XTZ and THETA could move higher in the short-term
Meme Token Carnage — DOGE, SHIB Prices Sink Lower, Dogecoin Down 82% Since Last Year
8.5.2022
Today’s top meme coins have lost 4.8% in value against the U.S. dollar, as the crypto market carnage has wreaked havoc across the entire digital currency economy. While dogecoin had a phenomenal year in 2021, over the past 12 months, dogecoin lost 82.8% against the USD. DOGE Tapped...
Majority of Russia’s Financial Pyramids in Q1 Linked to Crypto, Scammers Exploit Sanctions Topic
8.5.2022
Many of the financial pyramids identified in Russia during the first quarter of the year have been associated with cryptocurrencies, a top central bank official has revealed. Fraudsters are actively exploiting the hot topics of the day, including the sanctions theme. Pyramids Offer Russian...
Utah Governor approves of blockchain and digital innovation task force
8.5.2022
Some of the primary duties assigned to the task force involve making policy recommendations related to blockchain and related technologies
Apartment Sold for Bitcoin in Portugal After New Regulation Allows Property Deals in Crypto
8.5.2022
An apartment in Portugal has changed hands, with the buyer paying directly in cryptocurrency in a reported first for the country. The home was purchased for 3 bitcoins without conversion to euros, under a new regulation permitting real estate deals with digital currencies. Buyer Pays With Bitcoin...
Google Forms Web3 Team — Sees Tremendous Potential, Demand for Crypto Tech Support
8.5.2022
Google is establishing a Web3 team within its cloud unit, noting that “it is a market that is already demonstrating tremendous potential.” A Google executive explained: “We’re providing technologies for companies to use and take advantage of the distributed nature...
Survey: Almost Three out of Four Argentinians Are Willing to Purchase Crypto for Investing or Saving Purposes
7.5.2022
A new survey, whose results were released earlier this week, has given more insight into how Argentinians view cryptocurrencies and how they might put them to use. The survey found out that eventually, almost three out of four citizens would purchase cryptocurrency to invest, or as a way...
Moody’s: Cryptocurrencies Unlikely to Help Russia Evade Sanctions
7.5.2022
Russia’s ability to employ cryptocurrencies to circumvent international sanctions is restricted by the limited size of the crypto market, according to Moody’s. Despite increased use in small transactions, low liquidity is another factor preventing Russians from exploiting the utility...