Tag Archives: social

The past few weeks have not been kind to the cryptocurrency industry and the financial markets. In line with the fear of a growing conflict in Ukraine, the civil unrest in Canada, and the Fed’s decision to raise interest rates, the prices of most assets significantly declined. Bitcoin, for one, dropped to $36,000, which is its lowest price since February 3rd. Keeping in mind those events, many envisioned the start of another cryptocurrency bear market. In its recent report,...

El Salvador’s decision to make bitcoin an official payment method inside the nation’s borders has positively affected the local tourism industry, said the country’s Minister of Tourism. Since then, the sector has been up by more than 30% as most visitors come from the United States of America. Tourists Want to Explore The Bitcoin-Loving Country Similar to other Latin American nations, the tourism sector contributes a significant part of El Salvador’s GDP. Prior to the...

Tokenized assets and rare digital collectibles are raking in billions of dollars across NFT marketplaces, and everyone, including celebrities and top-notch artists, is looking for ways to take part in the craze. There are many platforms built on different blockchains that allow you to buy and sell non-fungible tokens. But before delving into the list of the top 10 best NFT marketplaces, let’s quickly look at the meaning of NFT and why there is a need for many NFT trading...

Non-fungible token marketplaces have shattered record-breaking trading volumes. But experts believe that the nascent space of NFT may see a crash soon that would mimic the 2019 ICO collapse. NFT Crash, If or When? An NFT crash may happen in the next six months. This was according to Ryan Carson, Chief Operating Officer, PROOF Collective, a podcast that covers the NFT ecosystem in-depth. His tweets regarding the same read, “The quick-flip 10k PFP projects, me-too derivs and...

The Canadian businessman and television personality – Kevin O’Leary – views bitcoin as a coin, currency, and software. He believes that having exposure to BTC is the same as holding positions in giant corporations such as Microsoft or Yahoo. In addition, O’Leary predicted that BTC could surge to $300,000 once there is regulatory clarity in the industry. Bitcoin Is Like the Big Players Numerous celebrities have changed their stance on bitcoin over the years, and Kevin O’Leary...

Right after China slapped a ban on Bitcoin (BTC) mining, the operations have started to spread worldwide and invade not-so-friendly territories. In Malaysia, illegal crypto mining operations are at a record high. Drastic Rise in Bitcoin Mining Bukit Aman Criminal Investigation Department (CID) chief Datuk Seri Abd Jalil Hassan revealed that in 2021 alone, Malaysia had 570 investigation papers opened, 528 people arrested, and around $13 million worth of mining equipment...

Jake Paul, Soulja Boy, and a slew of other A-listers such as Nick Carter, Ben Phillips, and Lil Yachty have been sued for their involvement in the cryptocurrency project SafeMoon. The lawsuit, which named SafeMoon LLC and its subsidiaries, alleged that the celebs lured in investors with misleading promotions. Celebrity Endorsements Critical to SafeMoon’s Success? According to the official document, the plaintiffs accused the celebrities of being responsible for the artificial...

The Russian Ministry of Finance reportedly presented its draft legislation on digital asset regulations. The institution called upon enhanced protection rules and set a limit on annual cryptocurrency investments. The Latest Update Russia’s top authorities are still far from reaching a unanimous decision on how to approach the local cryptocurrency market. The Bank of Russia insists on a total ban of all digital asset endeavors, while the Finance Ministry urges for proper...

According to a recent analysis, the Pyongyang-led cybercrime organization – the Lazarus Group – employs advanced techniques to steal and launder cryptocurrencies. The gang has shown “remarkable adaptation to evolving regulation,” the report warned. North Korea and Crypto While China and Russia traditionally captivate the attention of most democratic governments concerned about cyber security, totalitarian North Korea is gradually emerging as a leader in such attacks.  In its...

The President of the USA – Joe Biden – will reportedly introduce an executive order directing government agencies to study the specifics of the cryptocurrency industry. Keeping in mind that the leader has imposed numerous regulations since the start of his presidency reign, he is expected to urge for establishing rules in the digital asset space, too. The forthcoming directive should come sometime next week as it will also focus on central bank digital currencies. What to...