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NFT Sales Surge Over 43% in Past Week, Topping $397 Million
18.2.2023
Sales of non-fungible token (NFT) assets over the last seven days rose 43.97% compared to the previous week, according to statistics recorded on Feb. 18, 2023. The volume of NFT sales reached $397.86 million this week, with 345,716 NFT buyers and roughly 1.62 million transactions. NFT Sales...
Report Reveals Limited Accounting Records, Commingled Funds at FTX Digital Markets in the Bahamas
17.2.2023
PWC, one of the ‘Big Four’ auditors and among the largest professional services networks globally, recently published a report on FTX Digital Markets, the bankrupt crypto exchange’s Bahamian subsidiary. The report indicates that the entity’s accounting records have been limited, and...
Uzbekistan Allows Foreign Firms to Deposit Funds From Crypto Trading, Restricts Other Operations
16.2.2023
The Central Bank of Uzbekistan has permitted foreign-based businesses to open domestic bank accounts and deposit funds received from cryptocurrency trading. These companies will also be able to transfer the money abroad, but operations in the country will be restricted. Uzbekistan Updates Rules...
Flashbots Proposes New Class of ‘Matchmakers’ to Share MEV Gains With Ethereum Users
16.2.2023
The new protocol known as "MEV-Share" would distribute the gains from "maximal extractable value" to users of the Ethereum blockchain in addition to validators and block builders. According to the Flashbots team, it's an early implementation of the SUAVE blockchain
El Salvador Considers Opening Second Bitcoin Embassy in Texas to Boost Economic Exchange
15.2.2023
On Feb. 14, 2023, Milena Mayorga, the Salvadoran ambassador to the United States, announced that her country is considering opening a second bitcoin embassy in the Lone Star State. Mayorga said that Texas is “our new ally” and the goal is to expand “commercial and economic...
Report: South Sudan Government Bans US Dollar Transactions
14.2.2023
The government of South Sudan has reportedly prohibited U.S. dollar-based transactions and has directed that all local payments be settled in the local currency. The Salva Kiir Mayardit government reportedly said it also wants all signed commercial contracts to be based on the local currency. South...
Rwanda Government Orders Banks to Stop Facilitating Crypto-Related Transactions
14.2.2023
According to the National Bank of Rwanda, the country’s regulated financial services providers are now prohibited from facilitating crypto-related transactions. In her Jan. 31 letter justifying the decision, the acting governor Soraya Hakuziyaremye cites the unregulated status of most crypto...
Bitcoin miners already made nearly $600K from Ordinals' NFT transactions
14.2.2023
The Ordinals hype is real with the NFT inscriptions now regularly taking over 50% of Bitcoin block space
SonicUnwrap Protocol smoothens Crypto transactions with innovative feature
13.2.2023
UPI system in India will soon host an upcoming decentralized transaction for crypto with a core focus on security and seamless movements of tokens among the community. Per the announcement made by Sonic through an official blog post, the venture is working to bring v2 – SonicUnwrap Protocol...
Block Sizes Exceeding 3 MB Now Common on Bitcoin Blockchain as Ordinal Inscription Demand Rises
12.2.2023
Since Luxor, a bitcoin mining pool, mined a record-setting 3.96 MB block (#774,628) on the Bitcoin blockchain, block sizes have been larger than they were prior to that block height in the past 12 days. Statistics show that blocks larger than 3 MB are now quite common, and demand for Ordinal...
India’s Central Bank Reveals 50,000 Users and 5,000 Merchants Now Using Digital Rupee
12.2.2023
India’s central bank, the Reserve Bank of India (RBI), has revealed that 50,000 users and 5,000 merchants are now using its central bank digital currency (CBDC). Digital rupee transactions are currently processed by eight banks, with five more banks set to join the pilot soon, said RBI Deputy...
What is a coinbase transaction?
10.2.2023
A coinbase transaction is the first transaction created in each new block, and it has key features that differentiate it from other transactions
Central Bank of Brazil to Test Security and Transaction Privacy Levels of the Digital Real
10.2.2023
The Central Bank of Brazil will focus its first digital real tests on determining the levels of privacy and security that can be achieved with the proposed central bank digital currency (CBDC) infrastructure. The tests will be conducted later this year and will set up a simplified operation...
Moonpay and Looksrare Partner to Bring Convenient NFT Purchasing to the Masses
10.2.2023
On Thursday, the fiat-to-crypto onramp business Moonpay announced a multi-year partnership with the non-fungible token (NFT) marketplace Looksrare. According to the deal, Looksrare will allow marketplace users to buy and sell crypto assets through Moonpay’s services. Moonpay and Looksrare...
Alameda wallets resurrect to transfer FTT in the millions
8.2.2023
Alameda linked wallet bought 1 million FTT worth $2.3 million before opening a loan position on the decentralized crypto lending platform Abracadabra
Crypto Exchange Binance Introduces Tool for Calculating Taxes on Transactions
6.2.2023
The tool, initially available to users in Canada and France, supports reporting of up to 100,000 transactions
Ethereum Network’s Rising Gas Fees in 2023: A Balancing Act of Growth and Cost
3.2.2023
Ethereum gas fees have increased 13.71% in the last two weeks, with the average fee rising from $4.52 per transaction to $5.14 per transfer on Feb. 3, 2023. Despite ethereum’s price seeing significant growth this year, its network’s gas fees have also seen a similar increase. As...
Chinese Communist Party officials issue KPIs for e-CNY transactions in Suzhou
2.2.2023
CCP officials want to see the e-CNY surpass $300 billion in transactions in 2023 through promotional efforts
Bitcoin Records Largest Mined Block to Date, 4 MB Block Containing NFT Causes Unease Among Small-Block Supporters
2.2.2023
Amid the controversy surrounding the Ordinals project and the debate over what types of data should be stored on the Bitcoin blockchain, the network mined its largest block, nearly 4 MB in size, containing just 63 transactions. One of the transactions was a 3.94 MB Ordinal inscription featuring...
NFT Sales Soar: January 2023 Reaches Nearly $1 Billion in 30 Days With 41% Increase
2.2.2023
Non-fungible token (NFT) sales increased 41.96% from the previous month, according to data recorded on Feb. 1, 2023. NFT sales reached nearly $1 billion in 30 days, with an approximate total of $997.53 million. Additionally, the number of digital collectible transactions rose more than 22% in...