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NFT market worth $231B by 2030? Report projects big growth for sector
14.7.2022
Continued adoption of non-fungible tokens across a variety of industries from video gaming, music, art, and digital collections could see the sector valued at $231 billion by 2030
Gryphon Mining 'Able to Take Advantage of Opportunities' in Sector
11.7.2022
Gryphon received a loan in bitcoin that will also be payable in bitcoin
‘Robust’ Regulations Needed in Crypto & Stablecoin Sector, Says G20 Advisory Body Ahead of Its Report in October
11.7.2022
One of the world’s leading financial policy-making organizations said that it will tell governments to step up their supervision of stablecoins later this year – against a “backdrop of the recent turmoil” in the crypto sector.
In a press release from the Financial Stability Board (FSB), which...
Hong Kong to Introduce Licensing for Crypto Platforms Through AML Law
10.7.2022
New legislation tailored to regulate the crypto space in Hong Kong aims to implement a licensing regime for crypto service providers. The respective changes to the region’s anti-money laundering (AML) rules have been submitted to its legislature while a recently published report examines...
Could GNOX Beat Cryptos Like CAKE, FTM, & AVAX in DeFi Sector?
4.7.2022
There’s one crypto project that’s got everyone talking right now: and that’s GNOX. Many are hailing it as the best new crypto project to hit the scene in some time, and it’s performed remarkably well despite overall market conditions (and while still presale). With discounts...
Uzbekistan Presents Registration Requirements for Cryptocurrency Miners
29.6.2022
Authorities in Uzbekistan have drafted and put forward for public consultations a set of rules for crypto miners operating in the country. Companies that want to mint digital currencies will have to register with the government and use renewable energy. Uzbekistan Discusses Draft Regulations...
SEC Chair Gensler Affirms Bitcoin Is a Commodity — ‘That’s the Only One I’m Going to Say’
28.6.2022
The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, says bitcoin is a commodity. He emphasized that the SEC, the Commodity Futures Trading Commission (CFTC), and banking regulators will collaborate to oversee the crypto sector. Gary Gensler: Bitcoin Is a Commodity...
The GameFi Sector Pushing Boundaries as Xchange Monster, The Sandbox, & Axie Infinity Aim to be Pioneers
27.6.2022
GameFi is rapidly taking over the gaming industry; it entices players by allowing them to monetize from gaming. In comparison to traditional gaming, where gamers are at the behest of the companies that produce them, blockchain gaming attracts gamers by allowing them to play-to-earn (P2E)...
Saddle․Finance Creates New Standards for DeFi Trading
25.6.2022
DeFi is a sub-sector in the crypto industry that has witnessed significant innovation since its inception. However, the narrative has struggled to stay consistent, affecting the domain overall. The current bear market has wiped out more than half of DeFi Total Value Locked (TVL), hampering...
Swiss Regulator Urges Financial Watchdogs to Protect Crypto Investors
24.6.2022
Crypto trading is increasingly similar to the U.S. stock market of the late 1920s, the head of the Swiss financial watchdog has remarked. The high-ranking official believes that regulatory agencies around the world should do more to ensure investor protection. Swiss Financial Watchdog Executive...
Is there a way for the crypto sector to avoid Bitcoin’s halving-related bear markets?
21.6.2022
BTC’s high volatility and halving-related bear markets tend to drag down investment and interest in the entire crypto market. Can this be avoided?
Bank of America: Consumer Interest in Crypto Remains Strong
16.6.2022
Bank of America’s new report explains that “despite the sharp correction in crypto valuations, consumer interest in the sector remains strong.” The report, which includes the bank’s new crypto survey, also shows “growing interest” in cryptocurrency’s...
South Korean Government Calls for Voluntary Regulations From Crypto Industry
15.6.2022
The executive power and the ruling party in South Korea have urged the cryptocurrency industry for what officials describe as voluntary regulatory measures, a Korean media report revealed. The call was issued during a consultative meeting devoted to crypto assets. Government Asks South Korean...
Central Bank of Armenia Urged to Regulate Cryptocurrencies
3.6.2022
Calls have been issued in Armenia for the central bank to do its job and put the country’s crypto space in order. Both government regulators and representatives of the financial sector insist that the industry needs regulation to prevent the use of cryptocurrencies for illicit purposes....
DeFi Ledgers Can Help Regulators Oversee Sector, BIS Official Says
1.6.2022
Kazakhstan Makes $1.5 Million From Crypto Mining Sector in Q1
1.6.2022
The government of Kazakhstan has collected $1.5 million from crypto miners in the first quarter of this year, official data shows. The money comes from a fee charged on the electricity spent to mint digital currencies, which was introduced in January. Crypto Mining Increases Budget Revenues...
Crypto Miners Account for Over 2% of Electricity Consumption in Russia, Estimate Suggests
28.5.2022
The share of crypto miners in Russia’s power consumption structure already exceeds 2%, according to a new government estimate. On this backdrop, the country’s industry ministry believes it’s time to bring the sector out of the shadows and regulate it. Crypto Miners Burn More...
Binance to Advise Kazakhstan on Crypto Regulations
27.5.2022
Cryptocurrency exchange Binance will assist the government of Kazakhstan in efforts to regulate the country’s crypto space. The global coin trading platform will also help with the integration of the domestic banking system with the expanding digital assets market. Kazakhstan to Cooperate...
JPMorgan Foresees Increased Blockchain Use in Finance — Prepares to Offer Related Services
27.5.2022
JPMorgan expects blockchain use in finance to increase as the crypto sector grows. The global investment bank says, “We want to make sure that we are able to not only support that but also be ready to provide related services.” JPMorgan’s Blockchain Plans JPMorgan Chase &...
Ariva Celebrates 1st Year Anniversary With Impressive Achievements in the Blockchain Industry
25.5.2022
PRESS RELEASE. Ariva, a next-generation tourism & travel blockchain protocol, celebrated the first anniversary of its launch on May 25, 2022. This development marks an impressive milestone for the blockchain project that has taken the tourism sector by storm in recent months. Ariva launches...