Crypto news

2022 was the year of hype around Web3, but 2023 is shaping up to be the year when the plans are being implemented. Luxury brands are now focusing on more concrete utilization closely connected with the physical product in contrast to digital-only assets existing solely for the metaverse. Everything then boils down to the usage of crypto and digital assets for transactional purposes. Luxury in Web3 Web3 has gradually established a warm relationship with luxury goods, and...

If you have been in the crypto sphere for some time, there are two things you should already know: you should never want to invest more money than you can afford to lose, and you will never want to read the words “Please bear with me; I don’t wanna go to jail,” from the CEO of a major exchange – for example, Paxful. On April 6, Ray Youssef, CEO and co-founder of Paxful, a US-based P2P Bitcoin exchange, announced that he is working on a plan to reimburse users’ funds using his...

The Federal Bureau of Investigation (FBI) has announced that a new way of tricking crypto fans and investors is making its way through illicit circles. The FBI Says the Latest Crypto Scam Targets Gamers The agency, in a statement, said many new pay-to-earn crypto platforms are ultimately stealing digital assets from those willing to try and invest or take part in company services. The way they do this is by offering fake rewards in both online and mobile games that users...

Bitcoin fans are making fun of economist Paul Krugman after he vented on Twitter the other day about dealing with a particularly rough financial company. Is Krugman Getting a Taste of His Own Medicine? Krugman has long been anti-bitcoin and crypto. He’s offered words on his skepticism for some time, and it’s clear he’ll probably never take digital assets seriously. It’s obvious that there are many bitcoin fanatics out there that have taken his words somewhat personally...

Thailand’s main opposition party is promising an airdrop of about 500 billion baht (around $15 billion) in cash within months of its coming to power. The party official said that the move is expected to help recover the country’s struggling economy and provide relief to those battling “neck-deep debt.” According to a Bloomberg report, a Pheu Thai-led government plans to distribute 10,000 baht each to about 55 million citizens who are 16 years and above if it wins the general...

The federal government is looking to regulate crypto mining in the United States, and Wyoming Senator Cynthia Lummis isn’t happy about that. Cynthia Lummis Wants to Leave Crypto Mining Alone Since entering Congress in early 2021, Lummis (a republican) has widely been labeled as a friend to crypto given she’s invested in bitcoin before. She’s also developed a new bill that would carve out rules and regulations for establishing all future crypto bills in the U.S. in the...

The efforts to expand Bitcoin development and adoption in Africa and Central America continue. So the market is looking pretty comfortable with BTC after the failures of Silicon Valley Bank and others with crypto exposure. After shocking customers, markets, and regulators earlier last month, their effect on BTC’s market value seems priced into the momentum. While crypto yield scheme crashes and bank runs haven’t been able to keep down bitcoin’s price, something’s pushing it...

Bitcoin briefly dipped below $28,000 yesterday but has bounced off and currently sits inches above that line. As it happens quite frequently during the weekends, the trading volumes have declined, and even the more volatile by nature altcoins sit rather silent today. BTC Back Above $28K The start of this week saw some massive price fluctuations. It began with BTC’s price drop to $27,200 on Monday after fake news that Interpol had served Binance CEO CZ with a Red Notice....

[PRESS RELEASE – Ottawa, Canada, April 7th, 2023] GameFi project Metalevel has commenced the presale for its native token. Holders of the MLVL token will be able to utilize it in a variety of ways throughout the Metalevel ecosystem. Metalevel is an online hangout for the Web3 community to meet, play, and discover the best games among like-minded peers. In addition, Metalevel plans to extend its platform from an enthusiast hub into a GameFi development resource, creating novel...

[PRESS RELEASE – Tokyo, Japan, April 7th, 2023] The Japan Virtual and Crypto Assets Exchange Association (JVCEA)’s Green List dramatically speeds up the token listing on member exchanges, accelerating adoption Astar Network, a smart contracts platform for multichain, officially announces the listing of its native ASTR token on Huobi Japan, which has now become the third crypto exchange in Japan to list ASTR after Bitbank and GMO Coin. Following this listing, the Japan Virtual...