Crypto news

Sankar Das Sarma – a physicist from the University of Maryland – recently wrote at length about why the capabilities of quantum computing are overhyped at the moment. Specifically, he clarifies that quantum computing has evolved nowhere close to the stage required to break the public key cryptography used in popular technologies today – such as Bitcoin. A Long Way to Go for Quantum Computing As written in an opinion piece for Technology Review, Sarma suggests that ‘Quantum...

Global league Sail GP, founded by software tycoon Larry Ellison, is on the verge of having an entire team that’s owned and operated by crypto fans. The group is set to begin its fourth season in the latter half of 2023, and things look like they’re about to change up dramatically. Sail GP Is Bringing Crypto to the Forefront Sail GP has joined hands with blockchain development firm NEAR to allow crypto enthusiasts to engage with both their favorite athletes and teams in a...

The European Union today voted in favor of outlawing all anonymous crypto transactions – including from self-hosted wallets – facilitated through exchanges. This rule will apply to transactions of any size, meaning both payers and recipients of even the smallest digital asset payment must be identified. The Partisan Vote The law comes as part of a package of anti-money laundering revisions to the EU’s Transfer of Funds Regulation (TFR). It brings rules applying to...

Given the total addressable market for digital on-chain transactions is far bigger than the current DeFi market size, worth around $200B, Grayscale said DeFi protocols powered by smart contracts are still being undervalued. The current capital markets alone are 500x more than the DeFi market, Grayscale outlined. In addition, NFT-associated transactions and Metaverse-related applications could critically drive up the value of base chains. American Cities Analogous to...

If you’re a bitcoin lover and you own real estate in the city of Rio de Janeiro, Brazil, there’s a good chance you’re feeling pretty lucky right about now. The city government has announced that those who own real estate in Rio de Janeiro can pay their real estate taxes with bitcoin and other forms of crypto. Rio de Janeiro Is Pushing Crypto Forward The move is proof, once again, that Latin America and crypto appear to go hand in hand. Several countries in that neck of...

The American politician and attorney serving as the junior United States Senator for Texas – Ted Cruz – introduced a bill restraining the Federal Reserve from launching a central bank digital currency (CBDC) directly to the broad society. The legislation was first submitted in January 2022 by Congressman Tom Emmer. Emer’s Bill Receives Support Public cryptocurrencies such as bitcoin are much different than centralized CBDCs. The latter are issued and monitored by a government...

INTERNET CITY, DUBAI, Mar. 30, 2022 – LBank Exchange, a global digital asset trading platform, will list Lilly Finance (LY) on April 2, 2022. For all users of LBank Exchange, the LY/USDT trading pair will be officially available for trading at 21:00 (UTC+8) on April 2, 2022. Inspired by Lillian Bay, a young women born with a rare disorder known as cystic hygroma, Lilly Finance (LY) was created utilizing the power of blockchain technology and cryptocurrency to improve...

Carl Runefelt, better known within the crypto community and perhaps beyond it for his social media name – The Moon – is one of the most popular influencers in the field. He has over 500K subscribers on YouTube and has recently crossed the one million followers milestone on Twitter. From wild Bitcoin predictions to million-dollars NFT buys, to his recent payment app Kasta, and what he thinks about the criticism he received from his community after showing his new Bugatti while...

The price of bitcoin has jumped to its highest point this year and is currently trading for more than $47,000 per unit. The currency is beginning to show signs of life once again as the asset has surged by nearly $3,000 in just the past day. Bitcoin Is Beginning to Explode Again Bitcoin has had a rocky start to 2022. The world’s number one digital currency by market cap spent the first three months of the year meandering between the mid-$30,000 and the low $40,000 ranges...

Karim Xanzheza – Deputy of the Parliament of Kyrgyzstan – believes his country is ideally suited to take advantage of the growing popularity of digital assets. He further claimed that “nothing grows as fast as cryptocurrency.” Consequently, he urged the government to focus on developing its sovereign national digital currency. Kyrgyzstan Should Catch the Crypto Wave The latest politician to display his positive stance on the cryptocurrency sector is Kyrgyzstan’s Deputy of the...