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What Is Cryptocurrency Utility and Why It’s Important for the Development of Crypto Payments
21.5.2022
James A. Ray, Board member at Kyrrex financial ecosystem. _____Cryptocurrencies have come a long way in the recent decade, evolving from a marginalized payment method for questionable transactions to publicly traded instruments on the largest global exchanges. Nonetheless, these drastic changes...
Report: Cryptocurrency Can Potentially Complement Mobile Money Argues Kenyan Banker
21.5.2022
The CEO of one of Kenya’s biggest lenders has argued there is a possibility cryptocurrencies will complement mobile money in Africa but first, there is a need to convince regulators of their benefits. African Regulators’ Stance on Crypto Cryptocurrencies can potentially complement...
Bearish head and shoulders pattern forces Ethereum traders to re-adjust their price targets
20.5.2022
Traders say Ethereum needs a monthly close above $2,250 to regain bullish momentum, but a bearish technical analysis pattern on the weekly timeframe threatens to push ETH price to new lows first
After the Recent Market Collapse, What Is the Future of Cryptocurrencies?
20.5.2022
In recent weeks, the crypto market has marked a slump under alarming global conditions. Since their all-time highs, both Bitcoin and Ethereum have lost more than 55%. Cardano has plunged almost 80% since its all-time high, while Solana, one of the crypto world’s breakthrough stars, has lost...
AAVE, Compound, & Mountanaz: Crypto Lending Platforms in 2022!
20.5.2022
For many people, this is the first time seeing that it is possible to lend and borrow on DeFi. We have truly transitioned into a world where intermediaries & central authorities can be removed from financial transactions; now, the power is in our hands. The lending and borrowing process...
Vietnam Launches Blockchain Association to Conduct Research and Suggest Regulations
20.5.2022
A newly established blockchain association aims to help Vietnam promote its digital economy and position the country on the world’s technology map. The organization looks to unite Vietnam’s experts in the field and seek cooperation with blockchain communities around the globe for...
Binance Loans Adds Two Digital Assets As Collateral – BAL, and BAND
20.5.2022
Binance has added two digital assets to its Binance Loans platform to cover more registered traders who seek to acquire funds from the platform. The digital assets that have been added are BAL and BAND. Binance announced the news through a post on its official website. Binance Loans is a supportive...
Terra Has a Recovery Plan With Community Feedback
20.5.2022
The last couple of weeks has been a tumultuous time for the crypto market as Terra lost its peg and the ecosystem collapsed in days. Terra’s native token LUNA was felled, and the value virtually reached $0. The de-pegging event’s impact was felt far beyond Terra, as the entire market...
Goldman Sees Little US Economic Impact From Lower Cryptocurrency Prices
20.5.2022
Any drag on aggregate U.S. spending from the recent decline in cryptocurrency markets is likely to be very small, Goldman Sachs said. The stock market decline has had a much larger effect on U.S. household net worth
Incentivized $ZKP Staking Testing With 100,000 $ZKP Is Live
20.5.2022
Panther Protocol recently released its advanced $ZKP staking testing. Now, users can earn 100,000 $ZKP in rewards on the Zafari Beta. The protocol released an official post to inform users about Advanced Staking. The project is a part of Panther’s MASPs (multi-asset shielded pools) plan. However...
Cyprus Drafts Crypto Rules, May Introduce Them Before EU Regulations
20.5.2022
Cyprus has prepared its own legislation to regulate crypto assets and is likely to adopt it before Europe finalizes a common regulatory framework, a government official has indicated. The authorities in Nicosia welcome the “careful” use of cryptocurrencies, he added. Government...
Report: Pakistan Can Generate $90 Million Annually if It Introduces a 15% Tax on Crypto Transactions
20.5.2022
Pakistan can generate tax revenues of at least $90 million each year if authorities impose a 15% tax on cryptocurrency transactions, an executive with a cryptocurrency exchange has said. 15% Crypto Tax An executive with a Pakistani cryptocurrency exchange has said Islamabad can generate at least...
Microstrategy CEO Expects Bitcoin to ‘Go Into the Millions’ Despite Crypto Market Sell-Off
20.5.2022
Microstrategy’s CEO has predicted that bitcoin is “going to go into the millions” despite the recent cryptocurrency market sell-off. Noting that the cryptocurrency is the future of money, he said: “We are in it for the long term.” Microstrategy Sees Bitcoin as...
Freedom Protocol Has Become the Project With the Largest Amount of IDO in the Ecology of Binance Smart Chain
20.5.2022
PRESS RELEASE. Binance is a curious company. the world’s largest cryptocurrency exchange, it also has no official headquarters and operates outside regulatory control. But that may not stop its step. Binance.US raised funding at a $4.5bn valuation this month, providing a new case for Binance...
Panama President Mulls Crypto Bill Approval Due to Money Laundering Concerns
19.5.2022
The president of Panama, Laurentino Cortizo, has declared he will not sign the recently approved cryptocurrency bill passed by the National Assembly of the country in its current form. Cortizo stated that one of his main concerns about the bill is the stance it takes regarding money laundering...
Analysts Divided on Near-Term Bitcoin & Crypto Outlook as Market Stabilizes
19.5.2022
With the Bitcoin (BTC) and crypto market appearing to stabilize after last week’s brutal crash caused by the collapse of Terra (LUNA), analysts are offering their takes on where the market may be headed next. And as usual, opinions are divided, with some predicting the bear market is “complete,”...
Indian government's ‘blockchain not crypto’ stance highlights lack of understanding
19.5.2022
India’s “blockchain, not crypto” stance has led to disastrous crypto policies, forcing several thriving crypto firms to relocate
Russia to Legalize Crypto for Payments 'In Some Format or Other' - Minister
19.5.2022
As Russia’s brutal invasion of Ukraine continues to weigh on the Russian economy, Moscow will sooner or later decide to legalize cryptoassets as a means of payment, as indicated by the country’s Industry and Trade Minister Denis Manturov.
The official stated that the government is advancing...
Trade Minister Expects Russia to Legalize Cryptocurrency
19.5.2022
Cryptocurrencies will be eventually legalized, a member of the Russian government has opined. The question is when this will happen, Trade Minister Denis Manturov stated as new crypto-related legislation advanced in the State Duma this week. Crypto Legalization Is Current Trend, Russian Minister...
FTX US to launch stock trading against stablecoins
19.5.2022
FTX Stocks will allow retail investors to fund their accounts with fiat-backed stablecoins like USD Coin via the FTX US crypto exchange