India’s finance minister, Nirmala Sitharaman, has revealed that the previous version of the cryptocurrency bill the government is pushing needed to be reworked. “This bill, once the Cabinet clears, will come into the House,” the finance minister told Rajya Sabha, the upper house of India’s parliament. Indian Government Pushing New Crypto Bill Finance Minister Nirmala Sitharaman answered some questions in…
While Bitcoin remains in a cool-off period after thrusting to its all-time high in early November and the decentralized finance (DeFi) sector in an apparent dry spell, gaming tokens seem to have taken the spotlight as massive gains are seen across the industry. The Sandbox’ SAND captured headlines as it spearheaded the enthusiasm for gaming tokens, with over 340% gains…
In brief FTX NFTs is adding support for Ethereum NFTs today, after launching with Solana NFTs in October. The centralized exchange lets users buy NFTs in U.S. dollars using credit cards or funds via ACH or wire transfer. FTX US launched Solana NFT marketplace FTX NFTs in October with the promise that support for Ethereum NFTs would only be a…
Pressure is mounting for SEC approval of Bitcoin Spot ETF in the U.S. following a new pending spot ETF approval in Canada spearheaded by none other than Fidelity Investments. Fidelity’s Bitcoin Spot ETF product listing is titled “Fidelity Advantage Bitcoin” and pending approval to launch in Canada this week. According to Eric Balchunas, Bloomberg senior ETF analyst, the launch of…
The second-largest cryptocurrency in terms of market capitalization, ethereum, has come awfully close to reaching the digital asset’s all-time high ($4,878) it reached 21 days ago on November 10. While bitcoin dominance has slid below the 40% zone, ethereum’s market dominance, or $557 billion market valuation, represents close to 20% of the crypto economy. Ethereum’s Price Trajectory Nears All-Time High…
IDEX, a decentralized cryptocurrency exchange (DEX) based in San Francisco, has announced the upcoming launch of its v3 Hybrid Liquidity DEX on Polygon. The hybrid model will merge traditional order book functionalities with automated market maker (AMM) liquidity pools in a bid to cultivate higher financial returns for the services liquidity providers, as well as provide typical investing tools such as…
Libertarians should prioritize the Bitcoin strategy above all others. Libertarians generally believe in the non-aggression principle (NAP), meaning that it is wrong to initiate aggression against someone else’s person or justly-acquired private property. What does Bitcoin have to do with the non-aggression principle? The chief violator of the NAP principle is the state. And the chief reason the state is…
Russian President Vladimir Putin has again spoken about cryptocurrencies, noting the “high risks” associated with the virtual assets. However, the Russian leader has also acknowledged that digital currencies may have a future and it’s necessary to follow their development. Russia’s Putin Still Cautious About Crypto Russian President Vladimir Putin has made another comment regarding cryptocurrencies. Speaking at the VTB Capital…
The rise of the Metaverse and Web 3.0 are set to disrupt multiple sectors including the billion-dollar global fashion industry. As the world moves from physical to digital, traditional fashion design can transform into virtual wearables that can be leveraged in both augmented reality (AR) and in real life. Megan Kaspar, managing director at Magnetic Capital and member of Red…
IDEX has officially launched its “hybrid liquidity” DEX on the Ethereum scaling solution Polygon. Announced in May, IDEX v3 merges two of the most popular designs for decentralized exchanges: order books and automated market makers (AMMs). Order books are the typical design of many centralized cryptocurrency exchanges. They match buyers and sellers at various prices and lean on a market…
