Crypto

There is a high demand for non-fungible tokens. Based on the Google trends data, the term “non-fungible tokens” is searched on google more than the term “crypto”. This significant rise shows digital collectibles’ adoption by mainstream people, especially with the transactions surpassing $10 billion in OpenSea, an online marketplace for NFT. The huge increase in…

Lately, IMF has also warned the country for its Bitcoin Move. The Governor of the Bank of England Andrew Bailey stated some of his concerns about Bitcoin being a legal tender in El Salvador. Bailey speaks at a Cambridge Student Union event. He stated that the volatility of BTC is very dangerous.  “It concerns me…

A draft proposal is prepared by three political parties, which are the FPD, the Alliance 90/The Greens, and The SPD. Three political parties of Germany have proposed to issue regulations on cryptocurrencies and the blockchain industry. Social Democratic Party (SPD) has published a document on its website. According to the document the proposal request a…

Ripple will be used for the country’s digital currency. The global adaption of XRP Ledger is boosted significantly on Tuesday after the Republic of Palau has partnered with San Francisco-based blockchain payments company Ripple for the country’s national digital currency.  The new collaboration with Ripple focuses on the strategy developments for cross-border payments. It will…

SHIB and DOGE are not one of the world’s top 10 digital assets anymore. After the market capitalization of Shiba Inu and Dogecoin has dropped below $30 billion, both meme coins have taken a major hit in the last few days. This latest major hit means SHIB and DOGE are not one of the world’s…

The company reached a $3.2 billion valuation. The blockchain software technology company ConsenSys has announced that the company has closed $200 million in the latest funding round to pump up its operations. Coinbase Venture and HSBC have also joined the financing round. ConsenSys has hit a $3.2 billion valuation. The blockchain company has also highlighted…

Crypto exchanges might fall under the GST of the country One of the local media of India, Business Standard, reported that the government of the country may regulate the cryptocurrency industry. It is expected that the Indian government may label crypto exchanges as e-commerce platforms.  This expected regulation will put  Indian crypto exchanges under the…

Bitcoin lost 10% of its value throughout the last 24 hours. After Bitcoin, Binance Coin, and Ethereum have dropped dramatically, the crypto market saw a major dip. The whole market cap of digital assets has lost 10% value. The market cap of the crypto market has dropped to almost $2.6 trillion from $2.9 trillion in…

Miami citizens will be paid Bitcoin dividends from the city’s cryptocurrency stake.  Crypto-friendly mayor of Miami City Francis Suarez has announced that Miami will be the first city that gives Bitcoin dividends to its citizens in the world. The citizens of Miami will get rewards from the city’s cryptocurrency stake. The decision of the mayor…

The net revenue of the Coinbase becomes $1.2 billion in the third quarter.  Yesterday, the cryptocurrency exchange platform Coinbase released its financials for the Q3 of 2021. While the third-quarter numbers reached $327 billion, the overall volume of crypto trading is decreased dramatically.  The net revenue of the company touched $1.2 billion. The figure shows…