Former US First Lady Melania Trump Drops An NFT Collection To Benefit Foster Kids
Melania Trump, the former first lady of the United States and wife to former President Donald Trump, has finally landed in the nascent non-fungible token […]
Did Satoshi Nakamoto Envision the NFT Era? Early JPEG Sale Suggests So
Despite still being fairly new, non-fungible tokens (NFTs) have taken the art and digital collectables market by storm. However, according to a recent finding, it appears that Bitcoin creator Satoshi Nakamoto anticipated this trend long before NFTs became a household name.
Pakistan Announces Ban on Cryptocurrency Services and Firm Stance Against Legalizing Crypto Trading
Aisha Ghaus Pasha, the minister of state for finance and revenue, declared that Pakistan would outlaw cryptocurrency services operating in the country and reaffirmed that the government has no plans to legalize cryptocurrency trading during a meeting of the Senate Standing Committee on Finance and Revenue on May 16.
Ripple Launches A Novel Platform For Governments, Central Banks Developing CBDCs
Described as “a frictionless end-to-end solution”, the new platform is based on Ripple’s XRP Ledger and is an improved version of Ripple’s Private Ledger.
Turkey Takes the Lead: Crypto Ownership Surges by 27%, Making it the Fastest-Growing Crypto Market
Turkey has seen a huge increase in cryptocurrency ownership as the country’s inflation rates skyrocket, according to GWI Research. With a 27.1% increase in ownership from July-September 2021 to July-September 2022, Turkey had the biggest growth in cryptocurrency ownership, according to the survey, which looked at people between the ages of 16 and 64. Argentina […]
Paypal’s Latest Report: $1 Billion in Crypto Assets, Holdings Are Predominantly BTC and ETH
Payments behemoth Paypal has disclosed in a Form 10-Q financial report filed with the U.S. Securities and Exchange Commission (SEC) that it is holding nearly $1 billion in cryptocurrency assets. This news comes on the heels of Paypal’s announcement that Venmo now facilitates external transfers of cryptocurrencies to wallets and exchange platforms. Paypal’s Crypto Holdings […]
Hong Kong to Have Tight Crypto Regulations, Head of Monetary Authority Says
Companies attracted by the plan to turn Hong Kong into a hub for digital assets should expect strict regulations, the region has indicated. Authorities are preparing new licensing rules for service providers working with cryptocurrencies and guidelines for banks interacting with crypto firms. Crypto Hub Hong Kong Has No Intentions to Adopt ‘Light-Touch’ Regulations Hong […]
Russia May Take Up 18% of Bitcoin Hashrate in Next Big Migration of Crypto Miners, Experts Say
Increasing regulatory pressures, tax burden and energy costs in countries like the U.S. and Kazakhstan are likely to result in a new great migration of crypto miners, Russian analysts believe. Under such a scenario, Russia has what it takes to occupy up to 18% of the global bitcoin hashrate, they claim. Russia May Attract Half […]
Bitcoin Network Overwhelmed by 390,000 Unconfirmed Transactions and Surging Fees
In just under two weeks, the number of unconfirmed transactions on the Bitcoin network has skyrocketed from 134,000 to over 390,000, causing a bottleneck in the mempool. This surge in unconfirmed transactions has resulted in a staggering 343% increase in transaction fees, which have risen from $1.99 per transaction on April 26 to a current […]
Gemini and Coinbase Launch Overseas Exchanges
Reading Time: 3 minutes Gemini and Coinbase have launched overseas crypto derivatives exchanges Gemini Foundation and Coinbase International will serve dozens of countries outside the US, UK and EU Both exchanges have criticised the approach taken by US authorities over crypto regulations Gemini and Coinbase both announced the launching of overseas exchanges yesterday as the increasing desire to move operations away from the US bears its first fruit. Coinbase announced an international perpetual exchange through its recently acquired Bermuda license, with 5x leverage available to users, while Gemini launched a derivatives platform open to more than two dozen entities with up to 100x leverage.
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