The stablecoin market continues to grow and diversify: Circle’s USDC, Tether’s USDT and Terra’s UST all made headlines this week. Stablecoins used to be a sort of taboo subject in the crypto community after it became common practice to criticize Tether’s reserve backing. Are you really a seasoned crypto investor if you haven’t gone down…
Read more
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________ ____(Updated at 18:23 UTC with the Regulation news section.)… Read More: State Street’s ‘Mega’ Crypto Plan, Hayes Pleads Guilty, Flexpool’s Message to Russia, Pulled NFT Sale + More news…
Read more
ETHDenver 2022 has come and gone. Ethereum (ETH)’s annual developer conference took to Denver’s Sports Castle to showcase the latest upcoming projects in the ETH ecosystem and to enable community members to network with each other (and spread coronavirus)…. Read More: Top Trends at ETHDenver 2022: DAOs, DAOs, Regulation, DeFi, and DAOs Read more…
Read more
Popular mobile payment platform Cash App, developed by Jack Dorsey’s Block Inc., generated $10 billion in bitcoin revenue and $218 million in bitcoin gross profit in 2021. Compared to the previous year, the bitcoin revenue increased 119% while gross profit rose 124%. Cash App’s Bitcoin Business Block Inc., formerly Square Inc., released its Q4 2021…
Read more
ETH price dropped 30% in two weeks, and derivatives data shows pro traders are bearish even with Feb. 25’s rally back toward $2,800. Ether (ETH) reached a $3,280 local high on Feb. 10, marking a 51.5% recovery from the $2,160 cycle low on Jan. 24. That price was the lowest in six months, and it…
Read more
The blockchain-based virtual world Decentraland has announced the launch of a Metaverse Fashion Week that is scheduled to take place on March 24 – 27, 2022. According to the announcement, a large number of well-known fashion brands such as Dolce & Gabbana, Selfridges, Tommy Hilfiger, Jacob & Co, and more will be participating in the…
Read more
Virtual lands are all the rage, but why are real estate investors pouring literal millions into metaverse properties? Let’s break it down. Real estate in the metaverse is booming, but will it last? It’s no secret that investors are spending millions on metaverse real estate. But one must wonder if these investments are based on…
Read more
The founders of cryptocurrency derivatives exchange Bitmex, Arthur Hayes and Benjamin Delo, have pled guilty to violations of the U.S. Bank Secrecy Act. “As a result of its willful failure to implement AML and KYC programs, Bitmex was in effect a money-laundering platform,” said the U.S. Department of Justice. Bitmex’s Founders Guilty of Bank Secrecy…
Read more
Customers of five sanctioned Russian banks will be unable to use their cards to pay with Apple Pay and Google Pay, the central Bank of Russia, said. The banks in question include banks under the VTB Group, Sovcombank, Novikombank, Promsvyazbank, and Otkritie, per the announcement. The banks have all been sanctioned by Western governments…
Read more
Steve Schifferes, Honorary Research Fellow, City Political Economy Research Centre; Professor of Financial Journalism, City, University of London._____ The invasion of Ukraine comes at a delicate time for the world economy, which was just beginning to recover from the ravages of COVID. Russia’s war could now have far-reaching economic consequences, as financial markets tumble…
Read more
