A ‘bad news’ from China for crypto and NFT marketplace
Some Chinese internet and tech giants have signed an initiative to prohibit digital collectibles (NFTs) and crypto, along with a promise not to set up secondary marketplaces.
Facebook parent Meta to discontinue ‘Novi’ crypto digital wallet
The parent firm of Facebook, Meta is discontinuing the Novi crypto wallet in September. The firm launched the wallet in June 2019 to store its Libra stablecoin.
All that you need to know about Solana’s web3-based smartphone Saga
Anatoly Yakovenko, the CEO and co-founder of Solana had a Steve Jobs moment when he launched the Saga, an Android web3-based smartphone in New York City.
Terra Co-Founder Lost Almost All His Wealth in Wipeout!
The co-founder of Terraform Labs – Do Kwon, whose crypto ecosystem crumpled in a $40 billion wipeout in May, described to the Wall Street Journal that he yielded almost all his net worth in the crash.
BACC asks NPCI to restore the UPI service to Indian crypto exchanges
In a letter, the Blockchain and Crypto Assets Council has requested a meeting with the inter-bank retail settlements and payments body to understand and discuss the issues around the cryptocurrency trade. BACC has also asked NPCI that many of the cryptocurrency exchanges strictly adhere to NPCI protocols and KYC and asked it to restore the…
Ether breaks crucial support at $1700
Following major drops in Nasdaq Composite and Dow, ETH price has breached the critical $1700 support level that it had tested in the June-August period last year. The last traded price at the current time is around $1570, while BTC is at $28,810. As can be seen in the price chart, this is…
Crypto as a Payment Option “No Sooner No Later”: Russia Minister
Within months, the sentiments to ban cryptocurrencies in Russia have extensively modified, and at present, key government officials are the ones advocating for ways to incorporate the nascent asset class into the system. In a recent revelation, Russia’s Minister of Industry and Trade Denis Manturov said that the step to authenticate cryptocurrencies as means of…
Will Crypto Tax Eat All Your Earning From Crypto Investment?
In the last decade, we have experienced major growth in the crypto space around the world. According to the website CoinGecko, the valuation of cryptocurrencies surpassed $3 trillion as of November 9, 2021. Bitcoin – by far the biggest cryptocurrency grew more than a third of that, while the next biggest coin Ethereum, got up…
Shopify CEO Tobi Lutke’s tweets warm up DeFi
Crypto’s gaining more spotlight and adoption after the CEO of an e-commerce giant publicly asked how to integrate his company with the decentralized finance (DeFi) ecosystem. Shopify CEO Tobi Lutke posted on a Twitter message on Friday asking the DeFi community what “role” Shopify could play in the growing financial vertical. “Hey #DeFi Twitter. What…
Coinbase setting up their branch in India despite uncertainty in Crypto regulation
The US based cryptocurrency exchange platform Coinbase is planning to set up a business presence in India. They are intending to open an office in Hyderabad, Telangana. Hiring is already on for this. Coinbase is doing so even after knowing about the uncertainty for the digital assets around the country’s stance. The crypto company has…