Crypto news

Think the cryptocurrency market has it rough? Take a look at what happened to non-fungible tokens – aka NFTs.  Data from DappRadar shows that trading volume at OpenSea – the world’s largest NFT marketplace – has fallen by 99% in less than four months. While the company contested the figure to some degree, it admitted that the substantial slowdown in activity is both real and expected. The Sad State of NFTs According to DappRadar’s statistics page, the daily trading volume of...

A new crypto bill introduced by John Boozman – a republican from Arkansas – and Debbi Stabenow, a democrat from Michigan, would (if passed) give the Commodity Futures Trading Commission (CFTC) full control over bitcoin and Ethereum, the world’s two largest and most popular digital currencies. The CFTC Would Have Most of the Power In the bill, both ETH and BTC are clearly described as commodities. In addition, they account for roughly two thirds of all activity in the...

Iranian trade minister revealed on Monday that regulations and logistics have been finalized to facilitate the use of crypto in Iran’s international trade. The move comes nearly 3 weeks after it officially announced to have completed $10 million worth of imports paid in crypto. Iran Approves Crypto for Global Trade Iran’s Trade Minister Reza Fatemi Amin said the country, which has been facing US sanctions since 1979, on finalized regulations to use cryptocurrencies for...

Michael Saylor – bitcoin bull and the CEO of software giant MicroStrategy – has announced that he is leaving his post as the chief executive of the firm that has ultimately made institutional investing in digital currency a popular fad. Michael Saylor Is No Longer CEO of MicroStrategy Saylor has long been a fanatic of bitcoin, claiming in the past that it will be the future of finance. Unfortunately, he has made several monetary decisions surrounding bitcoin that have...

The authorities of the Mendoza province reportedly enabled citizens to pay government fees and taxes in cryptocurrencies. The region’s tax administration described the move as “the strategic objective of modernization and innovation,” which could give “taxpayers different means to comply with their tax obligations.” Contrary to Mendoza’s pro-crypto stance, Argentina’s central bank is not so much in favor of the industry. Earlier this year, it banned domestic financial...

Is Ethereum about to overtake bitcoin? Ethereum Is Getting Much Bigger This was the question on several analysts’ minds as the world’s second largest cryptocurrency by market cap and the number one competitor to bitcoin announced a few weeks ago that it was getting closer to its long-sought merge. The process will involve Ethereum transforming into Ethereum 2.0. The network is switching from a proof of work (PoW) module to proof of stake (PoS). This will allegedly make...

Brian Brooks – Chief Executive Officer of the crypto infrastructure provider Bitfury – thinks the Federal Reserve’s approach to tackling inflation is one reason for the current downturn. He also criticized the US Securities and Exchange Commission (SEC), claiming that it prefers to sue individuals and companies rather than outline appropriate guidelines beforehand. Inflation has been an issue for numerous countries for a while now. Leading economies like the USA, the UK, and...

SDX Web3 Services, the newly launched business unit from SIX Digital Exchange, is now live with its non-custodial Ethereum staking service. This service enables reliable and secure management of Ethereum validator nodes through a fully managed, API based infrastructure. Richtig gelesen, die Schweizer SIX Digital Exchange bietet Ethereum-Staking an. Jedenfalls in Zukunft, denn so steht es in der aktuellen Pressemitteilung der SDX Web3 Services....

Umar Farooq, Chief Executive Officer of JPMorgan’s blockchain unit, believes that real use cases of crypto are yet to unravel while most of the existing assets are “junk” with only a few exceptions. Speaking at the Monetary Authority of Singapore’s (MAS) Green Shoots seminar on Monday, Farooq said that the regulation has also not caught up with the burgeoning sector, thereby obstructing the foray of several many traditional financial institutions. “Most of crypto is still...

[PRESS RELEASE – Please Read Disclaimer] Although NFTs were not invented in 2021, they really blossomed that year and became a global phenomenon. While their adoption skyrocketed, it didn’t take long for the innovative digital artworks to be integrated into the rapidly growing gaming industry. The popular Web 3 development studio – Emergent Games – has also decided to tap the NFT realm by launching a range of 1,000 limited edition Genesis 0 Cryotag non-fungible tokens for the...