TerraUSD and its sister token LUNA Classic’s (LUNA) dramatic collapse have pushed the South Korean policymakers to call for swift crypto regulations. Call for Draft Regulation According to a new report, top officials have now asked cryptocurrency exchanges to devise guidelines with respect to the listing and delisting of digital tokens to safeguard the investors...Read More
On Wednesday, American software firm Salesforce announced the launch of a pilot NFT platform – NFT Cloud – on which users can mint and trade such digital assets. However, the company has not revealed details regarding when the platform will be available to users, nor wallets or blockchains the platform will support. Salesforce views the...Read More
Senator Kirsten Gillibrand – co-author of the landmark crypto regulation bill revealed yesterday – claims that both the SEC and CFTC chairmen agree on Bitcoin and Ether’s status as commodities. However, both she and Senator Cynthia Lummis also agree that most other cryptocurrencies are securities. Ethereum in the Clear Senators Gillibrand and Lummis discussed their...Read More
India’s central bank is constantly engaged with the government on cryptocurrencies, the Reserve Bank of India (RBI) Governor said on Wednesday. “I can say that on all issues there is constant engagement between the government and the Reserve Bank, including the cryptocurrency issues. We have given our views to the government. Let’s wait for the...Read More
The Ropsten testnet – Ethereum’s longest-running testnet – implemented the long-awaited “Merge” with the Beacon chain on Wednesday. The upgrade brings Ethereum one step closer to its long-awaited change to a proof of stake consensus mechanism. Ropsten allows for development and testing before changes are implemented on the Ethereum mainnet. “The Merge” will be the...Read More
Sen. Cynthia Lummis (R-WY) has revealed a sweeping U.S. crypto legalization and regulation bill. Her lead advisor for the initiative, MicroStrategy CEO Michael Saylor, believes bitcoin is a commodity, not a security. The U.S. crypto bill seems to have the support among crypto industry insiders of both Bitcoin maximalists and the Ethereum / DeFi /...Read More
The head of the Russian parliament’s lower chamber (State Duma) – Anatoly Aksakov – presented legislation focused on cryptocurrencies and their employment inside Russia’s borders. If the bill gets approved, “digital financial actives” (DFA) won’t be accepted as a means of payment for any type of products or services inside the country. Scrap Crypto, the...Read More
The Crypto King- Bitcoin- is currently trading at the price of $31,030, up by 6% from the low of $29,314 in just 24 hours. The pseudonymous crypto strategist, Inmortal, notified his 179,800 Twitter followers about Bitcoin’s bottom in the form of an ascending triangle, briefing them that the move above this triangle resistance at $32,000...Read More
[PRESS RELEASE – Please Read Disclaimer] KYIV, Ukraine, — The cryptocurrency DigitalBits XDB has been added the list of approved cryptocurrencies in Ukraine and will be accepted for donations to support ongoing military and humanitarian needs. DigitalBits becomes the next cryptocurrency accepted by the Ministry of Digital Transformation, alongside Bitcoin, Ethereum and Tether, through the...Read More
Ever since Terra Luna’s founder, Do Kown, unveiled a new “Terra Ecosystem Revival Plan 2” that’s supposed to bring back the glory days of Terra Luna, the asset, however, has been a free fall ever since. After a relatively small gain of about 77% immediately after launch, it seems investors are now losing faith in...Read More
[PRESS RELEASE – Please Read Disclaimer] EGO.com, a Cardano-based NFT services provider with an iconic name, has been making rounds within the NFT space. This up-and-coming project with a promise to facilitate a “Digital Renaissance in art” is quickly gaining a “crypto gem” reputation in the current bear market. EGO.com, a decentralized creative realm for...Read More
Paolo Ardoino, Tether (USDTchief )’s technical officer (CTO), has identified the Terra (LUNA) ecosystem as the primary cause of the coin’s fall. Ardoino pointed at the Terra developers’ decision to create the UST stablecoin and back it with bitcoin. He called this move a “recipe for disaster” during an interview on Kitco News dated June...Read More
ADDX, a private market trading platform backed by Singaporean exchanges, will recognize bitcoin, ether, and USDC holdings of investors for granting “accredited investor” status to them. Onboarding of BTC, ETH, USDC However, it will apply a hefty 50% discount on bitcoin and ether and 10% on USDC to calculate their values for the net personal...Read More
The world’s largest digital asset manager – Grayscale – hired Donald B. Verrilli as additional legal counsel. With his help, the firm aims to receive the SEC’s approval and finally convert its Bitcoin trust into an exchange-traded fund. Grayscale Reinforces Bitcoin ETF Team In a recent tweet, Grayscale raised hopes that Verrilli could be a...Read More
Bitcoin and Ethereum are again showing bearish momentum as BTC and ETH have lost 5% in the past 24 hours. Terra 2.0 (LUNA) is also down over 14%, currently trading at $4.31, dipping below $1 billion market capitalization with a current valuation of $912 million. Major Stocks Plummet, Causing BTC and ETH Dips As the...Read More
Chinese billionaire Jack Ma’s Ant Group announced the soft launch of its Singapore-based digital bank – ANEXT Bank – on Monday, marking its latest foray in cracking into digital banking beyond its domestic market. The new entity will offer account services to small and medium enterprises starting from Q3 2022. Leveraging Ant’s Footprint in Assisting...Read More
