Crypto adoption

Weekly NFT Sales for BAYC & MAYC Surged By 150% and 93.41% Thanks To Eminem

Weekly NFT Sales for BAYC & MAYC Surged By 150% and 93.41% Thanks To Eminem

NFT market was already growing immensely but another major push to it has been given by globally famed American rapper and hip-hop artist Eminem when he revealed to the public that he too has bought an expensive NFT collection of Bored Ape Yacht Club which cost him US$ 425,000 roughly. The push has been duly capitalized by the NFT market of Bored Ape Yacht Club and Mutant Ape Yacht Club after Eminem’s disclosure. Two of the most attention and investment-seeking NFT projects of today are Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC). Since the past week,…
Read More
Reserve Bank of India Declares Crypto as an Instrument of “Fraud” & “Consumers’ Nightmare”

Reserve Bank of India Declares Crypto as an Instrument of “Fraud” & “Consumers’ Nightmare”

Reserve Bank of India (RBI) had never lent out any sort of recognition nor any support to digital currencies ever, however, it has been continuously discouraging Indian to beware of them because they are instruments of “fraud” and “consumers’ nightmare”. It recently shared the same point of view when RBI said that engaging with cryptocurrencies may lead to consumers’ nightmares and expose them to risks of fraud and extreme volatility. The Financial Stability Report has recently been compiled and made public by the Reserve Bank of India (RBI). The report is comprehensive in nature as it expands over 150 pages…
Read More
First Swiss Digital Asset Custody Creates Token Backed By Gold

First Swiss Digital Asset Custody Creates Token Backed By Gold

SEBA, a Swiss bank that touts itself as the future bank, has created a digital gold token backed by actual gold. The bank CEO, Guido Buehler, said that gold has always been an essential commodity in financial markets, citing the commodity’s impressive market cap, which lies in trillions of dollars. Buehler revealed that gold had proven to be a trusted shield against inflation as well as a significant investment to protect capital. The Concept And Potential Benefits Today, the firm launched the digital token, regulated and tied to real gold. The bank disclosed that users could exchange the digital token…
Read More
Purchasing Products With Digital Assets Not Against The Law –  Bank Of Thailand

Purchasing Products With Digital Assets Not Against The Law – Bank Of Thailand

A high-ranking executive of the Bank of Thailand (BOT), Sakkapop Panyanukul, made an effort to define the BOT's position on digital assets. Panyanukul revealed that the primary financial institution in Thailand was presently deliberating on guidelines for the emerging market and is in talks with other financial regulatory bodies in the country on the matter. He revealed that the goal of regulations was minimizing the harm to participants in the emerging ecosystem. Panyanukul disclosed that trade was being carried out in Thailand with cryptocurrencies. He said these transactions did not breach any laws. He, however, warned those engaging in these…
Read More
El Salvador’s Government Buys Bitcoin Again As The Price Drops Lower

El Salvador’s Government Buys Bitcoin Again As The Price Drops Lower

El Salvador has purchased an additional 150 Bitcoins. The country's Bitcoin stash is now edging closer to 1,300 tokens. The country's reserve in Bitcoin is worth just over $60 million at the moment. The government did this after the biggest downward market trend since it hit its most recent peak, near $69k. The president disclosed the latest purchase as the crypto price dropped to almost $46k, a drop of over 15% in price.  Details Of The Transaction  The government disclosed that they purchased the coin around the $48k price point. The market value will go lower to the $42k price…
Read More
US SEC has Approved another Bitcoin-Linked ETF

US SEC has Approved another Bitcoin-Linked ETF

There is another Bitcoin-bound ETF that is going to be listed on a major equity exchange in the USA in the next week. As reported by media, the Securities and Exchange Commission has changed its stance on holding out approval for Bitcoin ETF applications. The newly appointed SEC Chief, Gary Gensler, shared a new condition for the ETF applicants if they want to get a green light for their projects. According to the new conditions, the Bitcoin ETFs are going to be tied to the other derivatives related to the flagship cryptocurrency rather than directly depending on the top coin.…
Read More
Bitcoin Adoption: Volatility Makes It Unsuitable, BoE Chief Says

Bitcoin Adoption: Volatility Makes It Unsuitable, BoE Chief Says

Bitcoin leads the other cryptocurrencies in the race to become adopted as a legal tender across the world. The world’s first cryptocurrency has now been legally adopted by South American country, El Salvador, as its legal tender. The nation set history in September by becoming the first nation to adopt Bitcoin. Since then, the crypto community has hoped that other countries will join El Salvador to begin using Bitcoin for official transactions. While that could potentially happen, we are still a long way from that day when every country will officially accept cryptocurrencies for payments. Some of the most important…
Read More
Crypto Investors have Taken an Interest in Shiba Inu Token During the Price Drop

Crypto Investors have Taken an Interest in Shiba Inu Token During the Price Drop

The price movement for the Shiba Inu token has slowed down currently. A few weeks ago, Shiba Inu underwent a massive bullish wave and managed to climb up to 12th rank on the crypto leaderboard right next to Dogecoin. Dogecoin is the first set of canine cryptocurrencies that created a lot of buzz in the cryptocurrency market. Following the immaculate performance of Dogecoin, several other meme canine tokens entered the market. One of these tokens is Shiba Inu that has now been dubbed as the Doge Killer. A technical expert like Edward Snowden has warned the investors against taking an…
Read More
No widgets found. Go to Widget page and add the widget in Offcanvas Sidebar Widget Area.