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. Bitcoin (BTC) starts a new week under $30,000 as the battle to…
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. United Kingdom’s Department of Treasury,…
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…
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…
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…
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. The Australian Taxation Office (ATO) has outlined crypto capital gains as one…
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. Gaming giant Square Enix has revealed in its…
Dwayne Wade partners with Budweiser Zero for NFT collection
Non-fungible tokens (NFTs) have become increasingly popular, and they are now attracting players across different industries. Dwayne Wade, a retired three-time NBA champion, has expressed interest in venturing into the…
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…
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. Ethereum co-founder Vitalik Buterin thinks that…
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…
Crypto.com reverses LUNA profits made after a trading glitch
The downward spiral for the LUNA token resulted in massive price instability, volatility and congestion. This resulted in many crypto exchanges halting LUNA and UST trades. Crypto.com was among the…
Cboe Australia lists Australia’s first Bitcoin and Ethereum ETFs
The first cryptocurrency exchange-traded funds (ETFs) in Australia debuted trading on Thursday. The launch of these ETFs happened as the market witnessed a major recession, with the prices recording notable…
Chile says CBDC will be available for online and offline use
Central banks around the world have been steadfast in researching and developing central bank digital currencies (CBDCs) to keep up with the needs of the digital population. Chile is joining…
Bitcoin mining difficulty hits an ATH of above 30 trillion
The Bitcoin network has continued to establish a high level of security despite growing concerns about the vulnerabilities of blockchain networks. The Bitcoin network mining difficulty is currently at an…