The crypto market has been running the gauntlet since the start of 2022, racking up losses on top of losses week after week. In recent days, however, things seem to be reversing; Bitcoin seems to have found a price floor at the bottom of its long decline. Its resurgence, coupled with that of Ethereum, has positioned the market … Read more
The Bored Ape Yacht Club is a 10,000-strong collection of Bored Ape NFTs. On the Ethereum blockchain, NFTs are one-of-a-kind digital valuables. Since these virtual images are non-fungible tokens, owners are assured of owning a one-of-a-kind picture. Emperor Tomato Ketchup, Gordon Goner, Gargamel, and Nosass are the BAYCs’ founders. Some of them were not newcomers … Read more
Facebook’s parent company, Meta is under investigation by Australia’s consumer and competition (ACCC) watchdog because of the unending series of fake cryptocurrency advertisements of the platform. Just after the news that Andrew Twiggy Forrest, the billionaire businessman was pursuing criminal action against the Meta, a social media Giant for reportedly showing fake articles and crypto scam … Read more
Vladimir Putin, President of Russia has given hope to crypto enthusiasts who have been in a threat of banning cryptocurrencies and mining regarding digital assets’ future in the country. In a video conference on 26th Jan 2022, Putin with the members of the Russian Government said that he would like to “start with an issue … Read more
Bitfinex, a cryptocurrency exchange, has requested its Ontario customers to withdraw their funds because they will lose access to all Bitfinex operations in March. Bitfinex announced on Friday that it is implementing changes to the services it offers to consumers in Ontario. Binance, OKEx, Bybit, KuCoin, and Polo Digital Assets are among the crypto exchanges … Read more
On Thursday, Russia’s central bank suggested banning crypto-related activities like issuance, trade, and mining, citing concerns to financial stability, residents’ well-being, and the country’s monetary policy sovereignty. In a paper titled “Cryptocurrencies: Trends, Risks, and Measures,” Russia’s central bank advocates for a ban on a variety of crypto activities. The document was released on Thursday, … Read more
A popular commission-free trading site, Robinhood will wait for regulatory clarity before listing other cryptocurrencies including Shiba Inu, a meme-based cryptocurrency as requested by a lot of users. During the wall street journal’s virtual CFO Network Summit, Jason Warnick, Chief Financial officer of Robinhood said that before adding new related tokens the company needs to … Read more
JPMorgan Chase & Co., a global investment bank, has released a report on the future of crypto markets, which includes Ethereum upgrades, decentralized finance (DeFi), and non-fungible tokens (NFTs). Cryptocurrency marketplaces, according to the bank, are becoming increasingly relevant to financial services. On Friday, JPMorgan analyst Kenneth Worthington released a report on the crypto market’s … Read more
Polymarket, a crypto forecasting website headquartered in New York City, has agreed to pay a $1.4 million fine to the Commodity Futures Trading Commission (CFTC). The company, whose popularity soared during the global epidemic, has been operating an unregistered service that allows people to gamble on the future outcome around since June 2020 which filed … Read more
The Central Bank of Russia (CBR) is requesting information from banks and other financial institutions on a variety of financial transactions involving private individuals, includes cryptocurrency investors. The regulation is likely to have an impact on online crypto exchangers, whom the authority accuses of operating illegally. The Central Bank of Russia (CBR) intends to collect … Read more
