Mario Abdo Benítez, the President of Paraguay, has recently vetoed legislation on crypto mining. The legislation labeled crypto mining in the country as an industrial operation. President Benítez Vetoes Crypto Mining Bill Benítez argued that the enormous power usage of mining might impede the growth of a healthy national industry. According to the presidential decree,…
On August 29th, Veve, a digital collectibles firm, announced a new partnership with Marvel. According to the report, Veve has launched NFT covers from three 3 Marvel comic book designers. The NFT collection is dubbed Marvel Artworks and would be a limited edition. Also, it would feature book covers of Black Panther and Spider-Man. Veve…
Since the news of the Ethereum Merge slated for September, several DeFi protocols and platforms have shown support for the Merge. However, others have noted that their services would seize to operate on the network following the Merge. Meanwhile, a recent report by DappRadar noted that Ethereum’s move to the PoS consensus mechanism could affect…
Today, at 10 A.M ET, Federal Reserve Chair, Jerome Powell, gave a talk regarding squashing the inflation rate down to the two percentage range always intended. According to him, the interest rate will continue rising until inflation gets put to bed. Almost immediately after his speech, the market took a sharp downturn. A look at…
In recent years, crypto adoption has accelerated globally. This is partly due to the bull run in 2021 such saw the flagship cryptocurrency, Bitcoin, hit $69,000. Consequently, more institutional and retail users entered the crypto market. According to reports, global crypto users have surpassed 320 million. According to the data report, the US tops the…
On August 26th, Jerome Powell, US Fed Chair, addressed the country’s inflation issue. At the Jackson Hole speech, he highlighted ways the central bank would handle the issue of inflation. US Fed Will Increase Interest Rates – Powell According to Powell, the present inflation rate stands at about 2% in the country, which is on…
Two rap icons that have embraced NFTs, Snoop Dogg And Eminem, will sing at MTV’s VMAs (Video Music Awards) on Sunday. The BAYC (Bored Ape Yacht Club) NFTs and Otherside metaverse had inspired the duo to create a song, ‘From the D 2 the LBC’. Two Rap Legends And Supporters Of NFT To Perform At…
Binance, a global crypto exchange in the world, has partnered with Mastercard on a new project. Both entities want to launch a cryptocurrency prepaid card in the Latin American country, Argentina. Crypto Prepaid Card Holders To Receive 8% Cashback The prepaid card is still under development and will be made accessible soon. This would help…
The payment service company, PayPal, is now a member of Coinbase’sCoinbase’s TRUST (Travel Rule Universal Solution Technology) network. The TRUST network aims to ensure the protection of consumers’ privacy and security while adhering to Travel Rule governing the banking industry. TRUST Network Helps Members To Comply With Travel Rule Meanwhile, 18 major VASPs, including Robinhood…
According to reports, a global investment firm has launched a metaverse fund to help startups globally. This fund would allow metaverse-based firms to access technology and tools that would improve their activities. Invesco Unveils Metaverse Fund Invesco, an International investment management firm, has unveiled a metaverse fund for metaverse-driven firms. The company plans to invest…
According to statistics, the average transaction fees for Bitcoin have dropped below $1. This could be due to upgrades on the network such as the Lighting Network. Other factors that might be responsible for the drop include the recent price drops and reduced mining difficulty. Average Fee For Bitcoin Transaction Drops Below $1 For the…
According to new data, there has been an increase of 10-fold in the correlations between stock and BTC in certain regions. Before the COVID-19 lockdown in Asia, the distinction between the financial and crypto markets was clear. IMF Economists Reveals Strong Correlation Between Crypto And Equity In Asia According to the IMF (International Monetary Fund),…
According to an executive at Russia Moscow Exchange, Russia’s largest market for bonds, equities, and derivatives, wants to launch digital financial assets services before the end of 2022. According to the executive, the platform is working with an unidentified partner to place digital tokens on the platform. Moscow Exchange To Support Trading Of Digital Assets …
According to reports, several BTC miners took advantage of the “bullish” momentum in the past two weeks. According to data from cryptoquant.com, Bitcoin miners sold over 5,925 BTC during the period. In the past 24 hours, Bitcoin has dropped by over 7.3% after over $600 million left the crypto market. The Crypto market has struggled…