Could metaverse be the next big thing? Weeks after social media giant changed its name to Meta, financial services company Square has also taken the bold step of changing its name to Block. We’re changing our company name so we can give the full @Square brand to our Seller
Barely three months after VanEck and ProShares suddenly withdrew their ETH futures ETF applications Denver-based investment firm Kelly Strategic Management has gone ahead to file for an exchange-traded fund (ETF) offering exposure to Ethereum (ETH) futures contracts. The Kelly Ethereum Ether Strategy ETF intends to invest in cash-settled Ether futures
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Phemex is all set to turn its users’ dreams into reality as it celebrates its 2nd anniversary. The Singapore-based cryptocurrency exchange has had an extraordinary journey since its inception in 2019, positioning itself as one of the most efficient crypto trading and investment platforms in the world. Phemex thinks it’
Renowned cryptocurrency exchange Crypto.com does not seem to be relenting on its on-ramp and off-ramp crypto efforts as it is now working with California state-chartered bank Silvergate to allow institutional clients to deposit and withdraw from its platform in U.S. dollars (USD). Crypto.com announced on Tuesday that
American investment management firm Invesco recently unveiled a new physically-backed Bitcoin exchange-traded product (ETP). The Invesco Physical Bitcoin ETP will operate on a fixed annual fee of 0.99% while the BTC will be held by Zodia Custody, a U.K.-based custodian registered with the U.K.’s Financial
According to data from investment research platform YCharts, the average transaction fee of the Bitcoin network (BTC) has dropped by 57.97%, from $4.40 to $1.80 this year. A number of factors may have contributed to the network’s lower transaction costs. For one, it may not be
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
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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
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
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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
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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