RBI seemingly wants to ban cryptocurrencies, but not for the reasons you might think
It appears the root cause of concern is the potential for digital assets to disrupt the rise of India as a global power. Go to Source Powered by WPeMatico
Month: March 2022
US lawmakers discuss crypto’s role in sanctions, national security, and humanitarian aid
“Overattributing cybercrime to cryptocurrency misses critical causes and preventive measures which can be taken,” said former FinCEN acting director Michael Mosier. Go to Source Powered by WPeMatico
Crypto Biz: Have you considered a career in crypto? March 11-17
Companies like Visa and Nomura Holdings have set up dedicated crypto departments as they continue to embrace digital assets. Go to Source Powered by WPeMatico
NFT Weekly Sales Volume Improves Jumping 17% Higher Than the Week Prior
After cryptocurrency assets jumped in value this week, following the Federal Reserve’s rate hike on Wednesday, non-fungible token (NFT) weekly sales volume data shows an improvement from last week’s sales metrics. At the time of writing, in terms of seven-day sales volume, the aggregate NFT sales volume increased by 17.86% this week to $457 million. … Read more
Biggest Movers: AVAX, RUNE up Over 10%, as CAKE Surges 20% on Thursday
AVAX was once again higher on Thursday, rising for its fourth consecutive session, as it further cements itself in the crypto top ten. Although RUNE was also trading by as much as 15% higher, it was CAKE that led Thursday’s gainers. Pancakeswap (CAKE) Pancakeswap (CAKE) rose to its highest level in almost four weeks on … Read more
ETH derivatives show pro traders are worried about Ethereum’s $2.5K support
Ether’s price has been sideways for 27 days, but pro traders are not confident about the $2,500 support, according to derivatives. Go to Source Powered by WPeMatico
NFTs and Their Gaming Appeal
Non-fungible tokens (NFTs) have already changed the way several industries run for good. Thanks to NFTs, artists now have a better way to communicate with their fans and make money. The same goes for content creators and everyone else who has a physical asset that they can sell. However, another major area where we’re seeing … Read more
Jack Dorsey’s Block joins $41M funding for Japanese fintech Kyash
This latest raise brings Kyash’s valuation to approximately $107.7 million. Go to Source Powered by WPeMatico
How blockchain intelligence can prevent Russia from evading sanctions
Head of International Policy at Chainalysis explains why crypto is not a silver bullet for evading international sanctions. Go to Source Powered by WPeMatico
ASIC Mining Rig Manufacturer Canaan Reveals $100 Million Stock Buyback Program
The application-specific integrated circuit (ASIC) manufacturer Canaan has revealed the firm is offering a stock buyback for up to $100 million. Canaan’s chairman and CEO Nangeng Zhang highlighted in a U.S. Securities and Exchange Commission (SEC) filing that the move was due to issues with “recent international frictions” and “domestic quarantine measures for Covid-19 control.” … Read more