Russian Energy Minister Demands Cryptocurrency Mining Legalization

A Russian Energy Minister has stated that the regulatory uncertainties surrounding cryptocurrency mining in Russia must be addressed as quickly as feasible. Evgeny Grabchak has urged the authorities to regulate space, noting Russia’s dire economic situation. The remarks of Grabchak follow the imposition of a few challenging economic penalties against Russia in response to its … Read more

El Salvador Halts Bitcoin Bond Issuance Due To Unsuitable Market Situation

The Central American nation of El Salvador was scheduled to issue the much-publicized $1 billion Bitcoin Bond last week. But things took a drastic turn following a series of events.  Reuters reported that the El Salvador Minister of Finance, Alejandro Zelaya, disclosed that the country has opted to wait until the market condition becomes favorable … Read more

An Australian Bank Becomes The First To Mint AUD Stablecoin

In the quest to encourage more bank users to embrace cryptocurrency transactions, an Australia-based financial institution, ANZ bank, has successfully launched a stablecoin linked to the Australian dollar (AUD). The move is the first of its kind by an Australian bank to issue an AUD tethered stablecoin. It may be the first time a major … Read more

Bitcoin Rises Above $44,000 As Energy Giant, Exxon Mobil, Hints At Bitcoin Mining

The leading cryptocurrency in terms of market capitalization, Bitcoin has continued to show its dominance by moving past the $44,000 mark, effectively moving the weekly gains above 8%. The latest price rally comes when investors have renewed confidence in the recovery of the BTC, and the ongoing conflict in Eastern Europe also contributes to the … Read more

Gemini Gets E-Money License from Irish Central Bank

Cryptocurrency exchange, Gemini Payments, has gotten the nod of the Central Bank of Ireland to issue digital cash to users. As per reports published in the Irish Times yesterday, the Irish Apex bank granted the crypto exchange permission to issue digital cash following its application in early 2020.  The exchange, a subsidiary of the Fintech … Read more

NFT Projects Are Leading The Way To Rebuilding Ukraine Amid Conflict

Ever since the Eastern European nation of Ukraine began feeling the heat of the military onslaught from Russia, it has solicited donations, and the rest of the world has responded. The huge donations coming into Ukraine to help it defend itself against the Russian invasion have been in the form of digital currencies. Cryptocurrency forms … Read more

Coinbase Wallet Adds Support for Solana

Coinbase has announced support for popular virtual currency Solana. By this, the platform will offer custodial services to SOL users via the Wallet. The prominent cryptocurrency exchange revealed that its custody Wallet will support SOL and other tokens based on its native network.  When asked if this support would be available for mobile, Coinbase said … Read more

Skybridge Capital Founder Predicts Having A BTC ETF By Year-End

While speaking at the ongoing Forbes’ crypto and Web3 tech event, Skybridge Capital founder, Anthony Scaramucci, predicted that the SEC would likely approve a BTC ETF before this year is over. He claimed that there is no infringement between the SEC’s rules and regulations and the operational principles of a BTC ETF. Furthermore, many crypto … Read more

Bitcoin Can Help Governments Develop Their CBDCs, Reports Says

The growing interest in CBDCs is at an all-time high, with many countries on the verge of developing their electronic fiat currencies. However, this has created some level of curiosity, with many experts asking if a CBDC is secure as claimed, efficient in international payments, and, more importantly, can be developed cheaply. This curiosity is … Read more

NFT: A Future Trend In Sport And Digital Assets – PwC Report

The NFT industry has soared over the past year as more industries have embraced the role of non-fungible tokens in the grand scheme of things. As many experts believe that the NFT industry will surpass other digital assets in the future, a recent report by Price Water Coopers (PwC) revealed that NFTs and a handful … Read more