First 7-week losing streak in history ― 5 things to know in Bitcoin this week
Doom and gloom and an overall sense of unease pervades the market ahead of the World Economic Forum. Go to Source Powered by WPeMatico
Month: May 2022
UK Treasury en route to legalizing stablecoins amid Terra’s UST crash
During the Queen’s Speech, Prince Charles announced the introduction of a bill that would help tackle illicit finance, reduce economic crime and help businesses grow. Go to Source Powered by WPeMatico
Tezos Foundation Launches Fund to Collect NFT Creations by African and Asian Artists
The Tezos Foundation recently said it has committed $1.23 million to a fund that will be used to collect non-fungible tokens (NFTs) created by African and Asian artists. Photographer Misan Harriman has been selected as the curator of the foundation’s permanent art collection. Supporting a New Generation of Artists The Swiss non-profit organization, Tezos Foundation, … Read more
Turkish Referee Flips Bitcoin at Istanbul Derby Kick-Off, Soccer Authority Launches Probe
A soccer referee’s decision to toss a bitcoin before the start of a recent match between Istanbul giants Beşiktaş and Fenerbahçe has sparked controversy in Turkey. The country’s football authority is trying to establish why a crypto coin was used for the ritual when that role should have been reserved for the Turkish lira. Bitcoin … Read more
Square Enix plans to issue tokens and invest heavily in Web3 gaming
The major game developer is reshaping its business strategy to include a more robust NFT ecosystem by investing in blockchain gaming infrastructure. Go to Source Powered by WPeMatico
Crypto capital gains one of four key areas for Australian Tax Office
“Remember, you can’t offset your crypto losses against your salary and wages,” said ATO assistant commissioner Tim Loh. Go to Source Powered by WPeMatico
UK Affirms Commitment to Regulate Stablecoins Following Terra Meltdown
The British Treasury Department has affirmed its commitment to regulate stablecoins after the collapse of terrausd (UST) and terra (LUNA). “This will create the conditions for issuers and service providers to operate and grow in the U.K., whilst ensuring financial stability and high regulatory standards,” said an HM Treasury spokesperson. Regulation of Stablecoins in the … Read more
Goldman Sachs and Barclays invest in UK crypto trading platform Elwood
The global head of digital assets for Goldman Sachs said the demand for cryptocurrency from institutions is rising and the firm has been “actively broadening” its market capabilities to cater to that demand. Go to Source Powered by WPeMatico
Vitalik: Terra should protect the smallholders, not the whales
Vitalik Buterin has called for relief for the average UST smallholder who got lured in by promises of high stablecoin yields by crypto influencers. Go to Source Powered by WPeMatico
Major validator calls for ‘completely new chain’ to replace Terra
The operator of a major validator node on Terra is displeased with how events unfolded leading to the cessation of the chain, and hopes a whole new blockchain will be created to replace it. Go to Source Powered by WPeMatico