Business intelligence firm MicroStrategy has continued to prove that it is an ardent supporter of Bitcoin. Spearheaded by an avid Bitcoin advocate, CEO Michael Saylor, the company announced on Monday that it had added approximately 7,000 BTC worth $414 million to its Bitcoin holdings. MicroStrategy has purchased an additional
News
Unlike most nascent trends in the crypto space, non-fungible tokens [NFTs] have experienced an unprecedented rise in interest, partly by dint of the recent collaborations, projects, and celebrity entry into the space. With over $10.7 billion worth of NFT collections sold in the third quarter of 2021 alone, the
Press Releases
As the DeFi boom knows no bounds, the market is flooded with different tokens that offer nothing new but just an opportunity for making profits. But is this all there is to it and how does one know which is the right one? OKBoomer is a project that offers the
Tanzania might soon join the ranks of countries with a central bank digital currency (CBDC). Florens Luoga, the Governor of the Bank of Tanzania announced the country’s CBDC plans on Thursday at the 20th Conference of Financial Institutions (COFI), according to a Bloomberg report. “To ensure that our country
Due to recent updates to Her Majesty’s Revenue and Customs (HMRC) regulations, all cryptocurrency exchanges operating in the United Kingdom will henceforth be levied as stated by the newly introduced digital services tax. According to a Telegraph report, exchanges operating within the UK will have to remit a 2%
Bitcoin has managed to pull off a swift recovery after falling below $54,000 on Friday. The flagship cryptocurrency plunged over 9% on Nov. 26 amid concerns that the Covid-19 pandemic may worsen due to the new Omicron variant. However, it soared by over 7% on Sunday, putting the bulls
According to data from The Block’s Data Dashboard, decentralized exchanges have so far recorded almost $100 billion in volume in the month of November. As of November 28, the figure stood at an estimated $99.5 billion. The monthly volume has recovered since hitting a $56.35 billion low
News
Path of Survival is preparing to launch a state-of-the-art, unique RPG Play-to-Earn (PtE) Off-Chain game. According to the founding team, the game is currently "steaming," and the world should anticipate its launch. With the gaming industry undergoing widespread growth, especially in blockchain-based gaming, in a bid to further
NFT News
The NFT sector is still in its early phases, and it is anticipated to grow into a multi-billion dollar industry over the next several years. The near-infinite possibilities of the technology are fueling analysts' optimism. Unlike cryptocurrencies, which are fungible tokens, each NFT is a unique individual token, or
South Korea’s Financial Services Commission (FSC) has presented a report profiling its new definition of cryptocurrencies, together with proposed procedures for token issuers and punishments for non-compliance. The suggested rules could enforce strenuous regulations on individuals or platforms that mint non-art NFT’s for trading purposes, as well as
The new German government has made room for crypto in its coalition agreement, soliciting for an equal playing field between traditional finance and “innovative business models.” A coalition was agreed upon by three German political parties this week that will see the Social Democrats (SDP), the Green Party, and the
According to the Bank of Russia, Russian citizens are among the world’s most active participants in the cryptocurrency market. The country’s central bank published a fresh review on financial stability this Thursday, highlighting Russia’s growing role in the $2.8 trillion crypto market. Going by the estimates
Bitcoin’s latest attempt to reclaim the $60,000 benchmark has been foiled by the bears as the flagship cryptocurrency plunged to its lowest levels since the second week of October. Late Thursday, Bitcoin surpassed $59,000 for the first time in several days. However, attempts to beat the resistance
Although critics continue to argue the viability of Bitcoin as a global payment option, the flagship cryptocurrency has continued to show promise in adoption and growth as it processed 62% more transactions in terms of dollar value than PayPal this year. Blockdata published a report on Nov. 23 comparing Bitcoin
To crown the amazing year non-fungible tokens (NFTs) are having, the Collins Dictionary has picked “NFT” as the most important word of 2021. It is quite obvious that the NFT frenzy has spread like wildfire this year, and not even Ethereum gas fees and environmental FUD could derail its growth.
News
The migration of Bitcoin miners from China into Kazakhstan has caused an energy crunch in the Central Asian country. Interestingly, the president is looking to use nuclear energy to solve the problem. Kazakhstan’s Ministry of Energy suggests that Bitcoin miners are responsible for the 8% increase in domestic electricity