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.
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
U.S. investment banking heavyweight Morgan Stanley has increased their exposure to Bitcoin by buying more shares of Grayscale Bitcoin Trust. According to a filing from the United States Securities and Exchange Commission (SEC) on Tuesday, the Morgan Stanley Insight Fund increased its holdings of Grayscale Bitcoin Trust (GBTC) shares
Former US Secretary of State Hillary Clinton insists that cryptocurrency markets need stricter regulations to protect against technological manipulation from nations like Russia and China. Clinton’s comments on digital currencies were an extract from a Nov. 24 interview with MSNBC TV news host Rachel Maddow, where they discussed the
Cryptocurrency groups in Nigeria might be taking their battle against the government’s unclear crypto policies to the legal front. The policy by the Central Bank of Nigeria (CBN) mandates commercial banks to fish out and shut down both individual and corporate accounts linked to Bitcoin and other digital assets.
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The global banking system and its processes were established before the internet. As a result, the networks and methods for conducting business are outdated and slow to react to change brought about by the digital world. While progress is being made with online banking systems and payment platforms, a lot
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Dubai is taking a step forward to lead the Middle East in adoption and investment in the growing cryptocurrency ecosystem. Regulators lead the push towards acceptance of blockchain-based technologies and crypto as UAE targets to lead the region in financial services. Dubai has made massive strides in bolstering the use
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Griffin Art, a TechRate-audited GameFi platform, is about to release the full version of its NFT marketplace and the demo version of the Griffin Land mobile game, a recent update reveals. The Griffin Art NFT Marketplace and Land Game On September 21, the team announced plans of delving into the
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With hundreds of thousands of crypto projects active today and many more to come over the years, finding the next golden egg has become tedious. It was easier back in the days when there were only a few projects announced but this has changed. Today, the name of the game
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The crypto world is dynamic and ever-changing, which is why new technologies and trends are constantly appearing and evolving. But what are the dominant crypto world trends right now? The growing value of Bitcoin There are three reasons for Bitcoin’s increasing value: institutional investor faith, the Nasdaq listing of
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The Credit DeFi Alliance (CreDA) is a platform that opens up a new age of DeFi-based loans by offering what the industry lacks till now: trusted credit scores. CreDA achieves this by using AI to analyse an individual's financial standing and behaviour within the crypto space, through the
ConstitutionDAO, a decentralized autonomous organization that was gunning for the US Constitution, will be calling it quits after failing to purchase a rare copy of the document at Sotheby’s auction house last week. Despite failing to fulfill its primary mission, organizers believe that the DAO “still made history” in
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According to the International Monetary Fund (IMF), El Salvador could be on a path to financial instability following its decision to make Bitcoin legal tender. Although the IMF acknowledge that Bitcoin and other digital assets could facilitate efficient payments, it warned that making them a legal tender could disrupt the