The crypto markets largest NFT marketplace, OpenSea, has officially facilitated more than $10 billion in volume for the first time since opening its doors four years ago. The first NFT marketplace to be established on the Ethereum blockchain, OpenSeas trading volume has shot up in the past year alongside the boom in non-fungible tokens (NFTs). In August, for example, the…
Authorities in Russia are gearing up to amend various pieces of legislation to facilitate the issuing and function of the digital ruble. Officials in Moscow believe this version of the national fiat needs to be regulated separately from other digital forms of money such as cryptocurrencies. Russia Prepares to Trial Digital Ruble, Officials Say CBDC Needs Its Own Regulations Russian…
Zimbabwe has been paying attention to the increasing demand for crypto among its people, which it views as a possible avenue for growth. The country has also been receptive to regulating the entire sector. Zimbabwe’s government is considering utilizing Bitcoin as a legal payment option to meet this growing demand and harness the technology, according to local news. According to…
Crypto exchange Huobi anticipates a 30% drop in its revenue in the wake of China’s crackdown on cryptocurrency, according to its co-founder Du Jun. Speaking to theFinancial Times, Jun said that the exchange is “in the process of stopping servicing all [of its] Chinese users,” by the end of 2021. “There will be no Chinese users on the platform[] so…
Ethereum blockchain’s native asset Ether (ETH) touched a new record high on Nov. 8, supported by a rally across the top cryptocurrencies ahead of a key U.S. inflation report this week. ETH price rose by 3.30% in the past 24 hours to $4,770 for the first time in history as Bitcoin (BTC)reclaimed $66,000, demonstrating the strong positive correlation between the…
Square Enix, one of the biggest developers and publishers in the gaming world, has acknowledged the importance that NFTs and blockchain gaming could have for the future of the company. In its latest briefing session, Square Enix contemplated a “robust entry” into the blockchain games sector as part of its medium-term strategy process. Square Enix to Enter Blockchain Market…
The combined cryptocurrency market capitalization has surpassed $3 trillion for the first time on Monday as a number of top altcoins posted strong gains. According to crypto analytics platform CoinGecko, which currently tracks over 10,000 coins across 517 trading platforms, the market cap of all assets increased by 4.1% over the last day, peaking at $3.019 trillion. Total cryptocurrency market…
According to new legislation passed by the upper house of the country’s national parliament today, crypto businesses in Kazakhstan may soon be subjected to Anti-Money Laundering (AML) regulations, as reported bylocal news outlet Vlast. The new law extends the country’s financial monitoring system to cover crypto service providers. The new legislation would also establish a legal institution of public officials.When…
Solana Ventures, the investment arm of the Solana blockchain, FTX, and Lightspeed, a venture capital firm, have announced the launch of a joint web3 gaming initiative. The fund will have $100 million at its disposal to invest in gaming projects using blockchain-based systems in the Solana network. The fund has already made its first investment in Faraway, a Solana-based gaming…
The Senate in Kazakhstan has approved amendments aimed at preventing the legalization of illicit funds which will affect companies dealing with digital assets, among others. The new legislation subjects crypto service providers to the country’s financial monitoring regime. Senators Back Law Concerning Crypto Services in Kazakhstan Members of the upper house in Kazakhstan’s parliament, the Senate, have recently adopted new…
