Tag Archives: social

Hollywood actor Ryan Reynolds believes that the cryptocurrency universe is developing as a “huge player.” However, he did not reveal whether he had allocated some of his wealth into the asset class. Reynolds Acknowledges Crypto With the rising popularity of bitcoin and the altcoins, the list of celebrities displaying their support towards the sector is constantly growing. The latest example is the renowned Canadian actor Ryan Reynolds. In a recent interview for Bloomberg...

The cryptocurrency trading platform Bybit became the Principal Team Partner of Oracle Red Bull Racing. The agreement is worth $50 million per annum over three years, bringing the total to $150 million. Bybit Joins The Formula 1 World According to a document seen by CryptoPotato, the Singapore-based digital asset exchange Bybit shook hands with Red Bull’s Formula 1 team. As a result, the company will serve as the Principal Team Partner of the racing squad. It will also aid Red...

Nearly $10 billion were stolen in DeFi scams and thefts only in 2021, representing an 81% rise compared to 2020, and rugpulls accounted for over 35% of all crypto scam revenue. This is according to a recent report by Elliptic. And while there are many types of scams that take place regularly within the cryptocurrency community, rugpulls are arguably the most infamous. So, What is a Rugpull in Crypto? A rugpull — from the phrase to pull the rug from underneath someone —...

The leading cryptocurrency trading venue appointed Scott Bauguess as the newest member of its policy team. The American spent 11 years as a top executive at the US Securities and Exchange Commission (SEC). Another Veteran on Board Coinbase continues to expand its management unit by hiring the financer Scott Bauguess as Vice President for global regulatory policy. As such, he will coordinate the exchange’s interaction with watchdogs. Bauguess has experience with regulators...

Anthony Noto – Chief Executives Officer at SoFi Technologies Inc. – revealed he owns Bitcoin (BTC), Ethereum (ETH), and other cryptocurrencies. Nonetheless, he warned that investing in digital assets could be a double-edged sword as one could lose all their money or earn significant profits. Don’t Bet Everything on Crypto During his recent interview with CNBC, Noto disclosed he and his family hold different cryptocurrencies, including Bitcoin and Ethereum. However, it is a...

The field of non-fungible tokens continues to boom, and new projects are popping daily. One trader, however, shares how he turned $2K in almost $500K, filliping NFTs without bothering with tedious whitelists and fresh mints. Here’s the story of how he did it. The NFT Game: It’s Not Always a Get-Rich-Quick Scheme Many of those who’re stepping into the world of non-fungible tokens (NFTs) are immediately flabbergasted by success stories of someone who bought a Bored Ape NFT for...

Despite Vladimir Putin’s request, the Bank of Russia and the Finance Ministry did not shake hands on a single solution regarding cryptocurrency regulations. While some reports indicated that the largest country by landmass will not ban digital assets, it is still uncertain what legislation it will impose. No Resolution After the Meeting The central bank of Russia and the Finance Ministry share quite different viewpoints on the digital asset space. Last month, the former...

Graph Blockchain’s subsidiary New World Inc. (New World) teamed up with the Brazilian soccer icon Ronaldinho. As a result, the former player of FC Barcelona will become an official global ambassador of the blockchain project. Ronaldinho to Help With the NFT Initiatives One of the greatest soccer players – Ronaldo de Assis Moreira, commonly known as Ronaldinho, inked a deal with the Canadian blockchain entity New World. The 41-year-old Brazilian will play an essential role in...

A fortnight packed with important developments on the economic front, Indian Finance Minister Nirmala Sitharaman and Governor of India’s central bank Shaktikanta Das told the media that there is complete harmony between the two government bodies on the cryptocurrency front. Crypto Makes Headlines in India In the budget presentation for 2022-23 on February 1, Sitharaman proposed a flat 30% tax on all incomes from crypto activities. She also announced the introduction of...

After opening its very own institutional-grade digital asset exchange, Singapore-based DBS Bank is eyeing the expansion of a similar trading offering, but this time, catering to retail investors. It is expected to launch by the end of 2022. DBS’ Upcoming Retail Digital Assets Trading Desk DBS CEO Piyush Gupta believes that the expansion plans will take a lot of work, including potential fraud and others, but expects the launch of the platform by the year-end. On a recent...