The lower house of Kazakhstan’s parliament – Mazhilis – reportedly greenlighted new bills that aim to establish appropriate rules in the local crypto sector. They will require miners to create authorized entities, register with the regulators, and continue being subject to taxation. Solving the Problem With ‘Gray Miners’ Despite being a global leader in cryptocurrency...Read More
The Bitcoin-loving billionaire Michael Saylor has spent months pushing for rule changes surrounding cryptocurrencies and their accounting procedures. On Wednesday, was finally granted his wish.The Financial Accounting Services Board (FASB) has agreed to adopt fair value accounting procedures for digital assets. This will theoretically make assets like Bitcoin more attractive for companies to hold on...Read More
While most of the cryptocurrencies have dumped, the Dogecoin killer, Shiba Inu price has increased more than 2%. However, before the rise, SHIB had plunged near 12% dropping below $0.00001 level. Also this wasn’t the first time that the currency was testing this threshold because even in July the currency was on the same run....Read More
Yassine Elmandjra – analyst at ARK Invest – believes bitcoin’s valuation could skyrocket beyond $1 million per coin in the following years. Earlier in 2022, a research team of the company estimated that the market capitalization of the primary cryptocurrency could reach $28.5 trillion by 2030. Bullish Prediction Despite the Bear Market Bitcoin and the...Read More
Consumer price inflation has clocked in above 8% in the latest CPI print. Consumer inflation in the US has remained near or above 8% for the entire year of 2022 so far. It reached its highest point in June, with a 12-month percentage increase above 9%. The US government sprang into action over the persistence...Read More
As investors become cautious ahead of Thursday’s release of the most recent US inflation statistics, Cardano, like Bitcoin, is at the head of the pack of cryptocurrencies that are decreasing in value. This morning’s crypto market plunged amid rumors that the US’s core inflation statistics may have increased. The US Federal Reserve is predicted to...Read More
With data pointing to a potentially bullish month for Bitcoin, speculators are calling it “Uptober.” After September’s “Rektember,” investors typically look forward to October, which has historically been kinder to the crypto market for years. Bitcoin, for one, has been green seven times over the last nine Octobers, with the only red ones coming in...Read More
[PRESS RELEASE – VANCOUVER, British Columbia, 12th October 2022] NuriFlex Holdings Inc. announced that it has successfully completed 1st round of $NBLU token private sales. $NBLU token is intended to be a native token in NuriTopia, which is a metaverse platform for global users’ social interactions. As NuriFlex successfully launched NuriTopia community channels (Telegram : NuriTopia...Read More
[PRESS RELEASE – Los Angeles, CA, 12th October 2022] Takeaways: DeSo, a new blockchain that has raised $200 million from Coinbase, Sequoia, and Andreessen Horowitz, just launched DAODAO, a breakthrough cross-chain fundraising platform. DAODAO allows entrepreneurs to launch fundraising rounds with coins immediately tradeable on an on-chain order-book exchange. Founders can raise capital with any...Read More
[PRESS RELEASE – Palo Alto, CA, 12th October 2022] Boba Network, the first multichain Layer-2 blockchain and Hybrid Compute platform, deployed its execution layer on Moonbeam to become the first Layer-2 live on Moonbeam. The Moonbeam deployment features Firefly, a DEX and perpetual swap platform as a launch partner dApp. Boba is the first Layer-2...Read More
A new study shows that over 18% of all crypto received by Eastern Europe comes from addresses associated with risky or illicit activity, far more than any other region. With the biggest news in the region being Russia’s invasion of Ukraine, both countries have seen a steady increase in cryptocurrency transfers. Prominent blockchain intelligence company,...Read More
The miner’s profitability could be harmed by the rising cost of mining blocks. Since the price of Bitcoin has been falling over the course of the year, from $46,000 to roughly $19,300, analysts estimated that the difficulty hike would reduce the miners’ profits by about 20%. Leading analytics company Glassnode issues a dire warning about...Read More
