Archive for April 2022
Panama Gets A Crypto Bill, Moves One Step Closer To Becoming An Official Crypto Nation
After El Salvador’s move to give Bitcoin a legal tender, the National Assembly of the Central American country, Panama, passed a bill on Thursday to enact regulations for the commercialization and use of cryptocurrency in the republic. If the President of the National Assembly, Laurentino Cortizo, approves the bill, private and public companies would be…
Read MoreNFT Market To Reach $800 Billion In 2 Years, Report Projects
A survey from CoinGecko depicts that above fifty percent of respondents foresee a crucial role for NFTs’ business in the future and have adopted the HODL investment strategy. Since 2014, non-fungible tokens have played a role in the cryptocurrency industry, but their demands and role have grown extremely fast in the last two consecutive years.…
Read MoreMonetary Authority Singapore (MAS) Tightens Process To Approve Crypto License
Considering the higher risk involved in cryptocurrency, the Monetary Authority of Singapore (MAS) has tightened the procedure to approve a crypto license for digital asset providers, making the regime a “responsible global crypto hub.” Ravi Menon, the managing director of MAS, stressed enacting a more strict process while issuing a company legal license to operate…
Read MoreHashStack Inches Closer to Non-Custodial Under-Collateralized Loans As Open Protocol Hits The Testnet
Decentralized finance is a thriving industry, but there is much room for improvement. The lending segment can benefit greatly from under-collateralized loans. Hashstack brings that option to market as its Open Protocol is now on the public testnet. Open Protocol Is A Big Deal As lending is the largest segment in decentralized finance, any improvement…
Read MoreWeb3 Vs. Crypto: Ex-Google CEO Eric Schmidt Bets Big On Web3 Than Crypto
Eric Schmidt, the former chief executive of Google, recently shared his thoughts on cryptocurrency and Web3. Schmidt states that he has invested “a little bit” of money in cryptocurrencies, but does not specify which ones. However, he believes that the most intriguing aspect of blockchain is not digital assets. It is the Web3’s future. He…
Read MoreFTX Crypto Platform And F1 Ethereum NFTs Paired With A Real Formula 1 Car
Formula One’s Miami Grand Prix featuring F1 Ethereum NFTs is happening next weekend. FTX, in partnership with F1 Team Mercedes, is set to release a powerhouse of NFTs available in premium action and free-to-claim formats. Suggested Reading | McLaren Turbocharges Into The Metaverse, Rolls Out MSO LAB F1 Team Speeds Things Up With FTX Today,…
Read MoreThe Nightly Mint: Daily NFT Recap
Ragnaroks, Okay Bears, Moonbirds… oh my? A lot of projects that have just headed to mint are showing how quickly this space can move. In just a few short weeks, we’ve got projects – Moonbirds being a prime example – that are being categorized with some of the NFTs GOATs. Seemingly, we’re early. Don’t worry,…
Read MoreAs A Part Of CBDC Testing Chinese Residents Receive Digital Yuan
Shenzhen residents are all set to receive digital Yuan worth $2.29 million as part of the Central Bank Digital Currency (CBDC) testing. The Chinese government will be giving these 15 million Yuan in CBDC to 130,000 residents. This CBDC will be eligible to be used at over 5,000 stores with no such minimum purchase required.…
Read More‘Bitcoin Jesus’ Roger Ver On Why Dogecoin (DOGE) Is Superior To BTC
Dogecoin has now become a favorite of crypto investors around the world. The meme coin has now grown to the point where it is being pitted against the largest cryptocurrencies in the space. The latest comparison comes from Roger Ver, who is famously known as the ‘Bitcoin Jesus’. Roger has put forward that he believes…
Read MoreWalmart Owned Flipkart To Start Testing Web3.0 Metaverse Expansion
Walmart-backed Indian E-commerce giant Flipkart, has decided to venture into Web3.0 and Metaverse. Flipkart is set to launch this innovation unit called Flipkart Labs, which shall facilitate commercial functions in the Metaverse. This plan to foray into Web3.0 will leverage the emerging technologies, aid the development of cutting edge technologies and also focus on delivering…
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