Search
Luxury Auction House Sotheby’s Plans to Auction 104 Cryptopunks Worth an Estimated $20M
9.2.2022
On Tuesday, the British-founded American multinational luxury auction company Sotheby’s, headquartered in New York City, announced the auction house is planning to auction a lot of 104 non-fungible token (NFT) Cryptopunks. The lot of 104 NFTs is predicted to fetch around $20 million to...
Why Meta Penguin Island Should Be Your Favorite Place to Look for NFTs This Winter
9.2.2022
PRESS RELEASE. Not only are the financial markets experiencing a revolution due to blockchain technology and cryptocurrencies, but NFTs are changing the digital space for artists and consumers and investors. NFTs, already a multi-billion dollar sector, have witnessed an incredible rise of...
Saudi Arabia Medical Institution Implements Blockchain-Based ‘Digital Credentialing Solution’
9.2.2022
Saudi Arabia’s King Faisal Specialist Hospital and Research Centre recently became one of the country’s early adopters of blockchain technology after it implemented a “digital credentialing solution.” Saudi Arabia’s Blockchain Goal The Saudi Arabian medical...
Russian gov't and central bank agree to treat Bitcoin as currency
9.2.2022
Cryptocurrency transactions of more than 600,000 rubles (roughly $8,000) will have to be declared or be considered a criminal act
Kazakhstan Mulls Fivefold Increase of Electricity Tax on Crypto Mining
9.2.2022
Authorities in Kazakhstan are discussing new regulations for the country’s crypto space that may lead to a serious increase in the tax burden on the mining business. Among the proposed changes is a fivefold hike of the fee miners pay per each kilowatt-hour of utilized electricity. Mining...
Indian Government ‘Constantly Monitoring’ Crypto Sector, Says Finance Minister
9.2.2022
India’s finance minister, Nirmala Sitharaman, has reportedly revealed that the government is “constantly monitoring” and “watching the crypto sector.” Referring to her budget speech, she noted that crypto taxation will be implemented before the central bank,...
FDIC Makes Crypto Evaluation a Priority This Year Citing ‘Significant Safety and Financial System Risks’
9.2.2022
The U.S. Federal Deposit Insurance Corporation (FDIC) has named the evaluation of crypto assets a priority this year. “The rapid introduction of a variety of crypto-asset or digital asset products into the financial system could pose significant safety and soundness and financial system...
Research Firm Predicts Bitcoin Will Hit $200K in Second Half of 2022, ETH to Reach $12K
8.2.2022
This week in a note to investors, Fsinsight, a Fundstrat company, said bitcoin could reach $200,000 during the second half of the year. In the investor’s note, Fsinsight’s head of digital asset strategy, Sean Farrell, said the parabolic growth would be due to “legacy market...
US lawmaker pushes for state-level regulations on stablecoins at hearing on digital assets
8.2.2022
Patrick McHenry implied that for the U.S. to regulate stablecoins with a “single regulator at the federal level” would likely not be a success
No precedent: IRS court settlement doesn't clarify crypto staking taxes
8.2.2022
There is yet to be a conclusive court ruling regarding the taxation of staked crypto rewards; however, a recent case demonstrates industry progression
Zimbabwe’s Central Bank Exploring CBDC, Reiterates Opposition to Cryptocurrencies
8.2.2022
Zimbabwe’s central bank, which has expressed its opposition to cryptocurrencies in the past, announced yesterday it is presently exploring the feasibility of rolling out its own central bank digital currency (CBDC). The bank also said its regulatory sandbox continues to garner interest. CBDC...
Trader builds Bitcoin 'buy the dip' bot, outperforms DCA
8.2.2022
A Redditor has created an automated dip-buying bot that beats dollar-cost averaging into Bitcoin by roughly 10%
LBank Exchange Will List FutureCoin (FUTURE) on February 9th, 2022
8.2.2022
PRESS RELEASE. INTERNET CITY, DUBAI, Feb. 8, 2022, LBank Exchange, a global digital asset trading platform, will list FutureCoin (FUTURE) on February 9th, 2022. For all users of LBank Exchange, the FUTURE/USDT trading pair will be officially available for trading at 16:00 (UTC+8) on February...
Crypto Lobbying in the US Jumped 116% in 12 Months With $9.56 Million Spent in 2021
8.2.2022
Cryptocurrency and blockchain firms are concerned about the future legislation revolving around the cryptocurrency industry and money spent on lobbying cemented this fact. A recently published study indicates that money spent on crypto lobbying jumped 116% in 12 months with $9.56 million leveraged...
US Senator: China’s Digital Currency Could Subvert US Sanctions, Enhance Surveillance Capabilities
8.2.2022
A U.S. senator has warned about China’s central bank digital currency. “Analysts have raised the eCNY’s potential to subvert U.S. sanctions, facilitate illicit money flows, enhance China’s surveillance capabilities, and provide Beijing with ‘first mover’...
China’s Winter Olympic Digital Yuan Gets Frosty Reception from Some ‘Foreigners’
8.2.2022
China is continuing in its efforts to wow the world with its digital yuan at the Winter Olympic Games, which got underway on Friday last week. But it appears that not all attendees – both Chinese and overseas visitors – have been blown away by the token’s usability....
Read More: China’s Winter...
Polygon Raises $450 Million From Sequoia Capital India, Softbank, Shark Tank’s Kevin O’leary
7.2.2022
The blockchain project Polygon announced it has raised $450 million on Monday in a fundraising round led by Sequoia Capital India with participation from more than 40 venture capital firms. Polygon says that the money will allow the team to help scale Ethereum and bolster the mass adoption of Web3...
17 Crypto Firms Form a Market Integrity Coalition Aimed at Bolstering a Sensibly-Regulated Industry
7.2.2022
On February 7, 2022, a group of 17 digital asset companies revealed they formed an organization called the Crypto Market Integrity Coalition (CMIC). The well-known firms include crypto companies like Coinbase, Circle Internet Financial, Huobi Tech, Bitmex, Cryptocompare, and Solidus Labs. The newly...
Crypto Economy Recaptures $2 Trillion, Bitcoin Moves Back Into the World’s Top 10 Most Valuable Assets
7.2.2022
The crypto economy has jumped back above the $2 trillion mark after falling below that value in mid-January. Statistics indicate that the USD value of all 12,440 coins across 544 crypto exchanges is worth $2.08 trillion, up 5.2% during the last 24 hours. Crypto Economy Moves Northbound Past the...
NFTs Are 'A Scam', Says Indie Marketplace Itch.io
7.2.2022
While some publishers like Ubisoft push right ahead with NFTs, regardless of how their own workers feel about it, and others like EA are prepared to half-ass their way through the fad, one video game marketplace has come out and issued one of the most welcome statements I’m yet to see from within...