The Reserve Bank of Australia is further advancing in the race of central bank digital currencies (CBDCs) to discover a CBDC’s use cases within the country. The collaboration will be witnessed between Australia and the Digital Finance Cooperation Research Centre (DFCRC) regarding…
Hut 8 Mining Corp. (a Bitcoin miner based in Canada) increased its Bitcoin reserves in the previous month, as the company shared its strategy for long-term for HODLing during the elevated volatility that prevailed across the market. Up to 330 BTC were…
The Central Bank of Brazil’s director, Fabio Araujo, has admired the technological properties of Bitcoin (BTC) classifying the crypto token as a financial revolution responsible for raising exclusive significant products. In addition to this, Araujo elaborated on the importance of Bitcoin in…
Overview Both market correction and bear market usually refer to a time frame that highlights some sort of downfall in the stock market. In a very general meaning, a market correction is experienced when the market has a minimum downfall of 10%…
The unfortunate crypto investors can potentially claim their digital assets that were lost in an exploit in the form of a tax loss if they reside in the jurisdiction where laws permit for it. After the news that Solana’s 8,000 wallets had…
The digital payments company of Jack Dorsey (the former CEO of Twitter), Block Inc. witnessed a 29% increase in its year-on-year gains at $1.47B in this year’s 2nd quarter, although the Bitcoin (BTC) business of the company has dropped due to the…
Yesterday, after the turmoil went through by Solana ecosystem, data indicates that Slope (a wallet provider) is hugely responsible for a security hack that took away crypto from several Solana consumers. Slope counts as a provider of Web3-based wallets operating on the…
Robinhood, an online brokerage platform, will cast off approximately one-fourth proportion of its staff while referring to a constant deterioration witnessed within the company’s macro environment as well as the general collapse of the crypto market. The respective news was witnessed in…
The Monetary Authority of Singapore (MAS) evaluates the regulatory regime’s merits for stablecoins. The present instructions deal with Anti-Money Laundering as well as Know Your Customer (KYC) matters without reflecting the particular hazards associated with the stablecoins. Financial Watchdog of Singapore Moves…
Before we take a deeper dive into the world of NFTs, we must first understand the basics surrounding this new age technology. NFT stands for Non-Fungible Token and are basically digital items and assets having some value, that are stored on a…
An exclusive posting released on the behalf of the largest ticketing firm within the United States, Ticketmaster, discloses a considerable in delving into the unique streams while utilizing non-fungible tokens (NFTs). Throughout a previous couple of years, musicians, artists, as well as…
The Hong Kong University of Science and Technology (HKUST) declared to organize the launch event of a virtual reality-based classroom on the Metaverse on 1st September. The event indicates the determination of HKUST’s strategy to advocate for additional learning via the construction…
In the fast-moving world and rapidly developing decentralized applications (dApps), there are multiple industries where blockchain has found its applications. Many blockchains that primarily existed in the crypto world are isolated from one another due to which the users have to face…
Polkadot price lost more than 9% on the daily chart. DOT encounters severe downside following extended upside. Declining beneath support at $8 might welcome further plunges. Polkadot has had its price turning bearish today, with the altcoin dropping over 9% within the…
Bitcoin was launched earlier in 2009. Initially, it was not accepted, and people were highly frightened to accept it. They didn’t know the value of it, and at that time, its value was very less. Its acceptance in the business world seemed…
The Federal Deposit Insurance Corporation (FDIC) of the United States has released an advisory notifying the common masses that the assets offered by crypto companies and other non-bank bodies are not insured by it. In a notice of Friday, it was advised…
Square Enix (a prominent name in game development) collaborated with Enjin – a non-fungible token (NFT) venue – to release a physical as well as a digital collection featuring a considerably famous series of video games named Final Fantasy VII. Square Enix…
The founder of Frax Finance, Sam Kazemian, stablecoin projects should consider a collaborative approach as an ecosystem to grow each other’s liquidity. Sharing his opinion with Cointelegraph, Sam believes that as long as the growth of the liquidity of stablecoins is proportional…
The last few days saw Bitcoin defending the support barrier at $20.8K before a swift upsurge to around $23.8K during this publication. The $20K value area represented crucial support, and bears failed to breach it even with massive threats. Meanwhile, the upside…
Satoshi Nakamoto set the foundations of a financial system that doesn’t depend on a central controlling body or a third party to facilitate a financial transaction. It was not only decentralized but also allowed its users to transact the funds anonymously. In…
