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Russia’s Economy Ministry Calls for Introducing ‘Acceptable’ Electricity Rates for Miners
17.2.2022
The Ministry of Economic Development of Russia has suggested that crypto mining should be allowed in energy-rich regions and miners provided with access to inexpensive electricity. The department has joined calls to legalize the industry and utilize Russia’s strengths as a mining...
Arab Federation of Capital Markets Partners With UAE to Launch Blockchain Innovation Challenge
16.2.2022
United Arab Emirates (UAE)’s Ministry of Economy has joined hands with the Arab Federation of Capital Markets (AFCM) to kickstart a challenge that encourages fintechs to create a know-your-customer (KYC) verification system based on blockchain technology. Trustworthiness of Data on...
President Lukashenko Signs Decree to Create Crypto Wallet Register in Belarus
16.2.2022
President Alexander Lukashenko has signed another decree regulating the crypto economy of Belarus. It envisages the establishment of a register for cryptocurrency wallets and addresses certain legal aspects pertaining to the circulation of cryptocurrencies in the country. Presidential Decree Aims...
St. Louis Fed President Says Central Bank’s ‘Credibility Is On the Line’ as US Inflation Surges
16.2.2022
Inflation continues to grip American wallets, according to a recent economic analysis from Moody’s Analytics, which shows inflation is likely costing the average U.S. household between $250 to $276 per month. Meanwhile, the U.S. Federal Reserve is expected to raise the benchmark interest...
Crypto secures a place in the African American saga
11.2.2022
With its special qualities that can turn users into owners and owners into users, crypto aligns with historic Black aspirations
Strong Bitcoin and stocks rally position bulls for victory in Friday’s $860M options expiry
10.2.2022
Recent strength in BTC and the recovery in equities markets are boosting investors’ confidence and giving bulls the upper hand in Friday’s $860 million options expiry
Russian Government Approves Plan to Regulate Cryptocurrency
9.2.2022
The federal government in Moscow has adopted a concept for regulating the Russian crypto space as early as this month. The new framework is expected to place cryptocurrency flows under state oversight, introduce strict obligations for market participants, and ensure investor protection. Russian...
Russian Government Eyes $13 Billion in Taxes From Crypto Economy
9.2.2022
Authorities in Moscow expect to collect more than $13 billion as tax payments from the Russian crypto market, according to a government document quoted by media. The estimate comes as Russian institutions are holding discussions on the future of cryptocurrencies in the country. One Trillion Rubles...
Gundam Anime Studio Is Changing Its Official Name
8.2.2022
Founded in 1972, Sunrise Inc. is one of Japan’s most famous anime studios. The studio’s corporate name will be no more starting this spring.IT Media reports that Sunrise will become Bandai Namco Filmworks as of April 1st 2022. Bandai Namco Arts and Bandai Namco Marketing will merge with Sunrise...
Moon: The Lunar Metaverse Launches Revenue Generating NFT Land Sale
7.2.2022
Moon is a brand new economic, and social Metaverse inspired by lunar exploration. Players have the opportunity to acquire NFT land plots, develop a new world, drive its economy and uncover the mysteries of the Moon’s dark side. The limited collection at the best possible value of 1000 land...
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...
US Lawmakers Introduce ‘Virtual Currency Tax Fairness Act’ to Boost Cryptocurrency Use for Payments
6.2.2022
Several U.S. lawmakers have introduced the Virtual Currency Tax Fairness Act to strengthen “the legitimacy of cryptocurrency in our digital economy.” The bill also aims to expand the use of cryptocurrencies for payments. Virtual Currency Tax Fairness Act Introduced in the...
Bank of England Hikes Bank Rate to 0.5%, Governor Andrew Bailey Hints at Wage Restraints
4.2.2022
The Bank of England (BOE) raised the country’s benchmark bank rate from 0.25% to 0.5% this week in order to curb rampant inflation. “We face a trade-off between strong inflation and weakening growth,” the British central bank’s governor Andrew Bailey told the press....
Technical Analysis: Bitcoin Hits $40,000, as LEO Leads Friday Rally
4.2.2022
Bitcoin rallied above $40,000 on Friday, however, this was not the biggest mover in crypto markets to end the week. Cryptocurrencies climbed today, following news that over 400,000 jobs were added to the U.S. economy last month. Biggest gainers Bitcoin (BTC) climbed to $40,000, ethereum was fast...
Stablecoin Economy Continues to Balloon as USDC’s Market Cap Crosses $50 Billion
4.2.2022
As the entire lot of 12,333 digital currencies hovers just above $1.8 trillion in value, the stablecoin economy has recently swelled to $178.8 billion or 9.9% of the entire crypto economy. Out of the top five stablecoins, usd coin (USDC) saw its market capitalization jump the most, increasing 18.9%...
India’s Prime Minister Modi: Digital Rupee Will Strengthen Digital Economy, Revolutionize Fintech
3.2.2022
India’s prime minister, Narendra Modi, says an Indian central bank digital currency will strengthen the digital economy. The digital rupee will also revolutionize the fintech sector by creating new opportunities and lessening the burden of handling, printing, and the logistics of cash...
Coinbase Shares Declined 50% From All-Time High, Stock Follows Bitcoin’s Ups and Downs
3.2.2022
Roughly nine months ago, Coinbase’s initial public offering (IPO) via a direct listing on Nasdaq launched, and shares swapped for $342 per share on April 16, 2021. Since then, Coinbase shares have dropped by close to half that value and today, COIN is swapping for more than 45% lower at $187...
Pachinko Is Not Doing Well In Japan
31.1.2022
Japan’s pachinko industry, a bulwark in the country’s amusement industry, has been hit hard during the pandemic. According to pachinko news site Green Belt, nearly 640 pachinko parlors closed in 2021. As of December 2021, there were 7,637 pachinko parlors affiliated with the Japan Amusement...
Stablecoin Issuance Surged Last Year — UST Saw the Largest 12-Month Increase
30.1.2022
Stablecoins have become prominent payment rails in the world of cryptocurrencies commanding $177 billion in fiat value today. The top ten stablecoins by market capitalization represent the largest share of the value in the fiat-pegged coin economy and many of these tokens grew exponentially last...
Value Locked in Defi Climbs Higher, Polkadot TVL Spikes, Terra’s LUNA Sheds 21%
30.1.2022
On Sunday, January 30, 2022, the top smart contract protocol tokens by market capitalization is $592 billion or 32.66% of the $1.8 trillion crypto economy. Meanwhile, the total-value locked (TVL) in decentralized finance (defi) protocols is $192.42 billion up 5.28% since January 23. Defi TVL Climbs...