Billions and billions. That’s what venture capitalists are spending to get ahead of the curve in crypto. Their latest fixation is Ethereum layer-2 scaling solutions and Web3, an umbrella term that describes the next stage of the internet’s evolution. So, while the cryptocurrency market is in a state of extreme fear, smart money investors — TradFi folks who invest with…
In brief The cryptocurrency market is down 4% over the last 24 hours, continuing the fallout from the recent crypto crash. Ethereum and Solana are falling faster than the market average, along with gaming and metaverse tokens. The crypto market continues to suffer following this month’s wider crash, with top coins hitting low prices not seen in more than a…
The economist David Dodge, the former seventh governor of the Bank of Canada, says gold is an “antique instrument,” and he believes Canada’s central bank got rid of its gold reserves for this very reason. Despite saying gold is an outdated financial tool, Dodge said that the leading crypto asset bitcoin (BTC) has no place in the Bank of Canada’s…
The global economy is becoming increasingly digital, and it’s no surprise that cryptocurrencies and blockchain technology are starting to have an impact on the travel industry. Many travel agencies now accept Bitcoin (BTC) and other digital currencies as payment, with some even providing discounts to customers who pay in cryptocurrency. Here is a list of popular travel booking platforms that…
This year’s Oslo Freedom Forum, a human rights conference organized by the Human Rights Foundation (HRF), took place from May 23 to May 25, 2022. It’s a yearly conference bringing together more than a thousand activists, civil society leaders, scholars, artists, technologists, business leaders and journalists with the goal of exchanging strategies, forming partnerships and inspiring one another to continue…
sponsored UK-based StableOne’s newest venture, an app called StableFund, is spearheading a new outlook on crypto. This innovative app is all set to make the lives of crypto investors a lot better. Built on the Polygon chain and powered by sophisticated technology, this state-of-the-art AI trading bot is full of promise. StableFund gives users a platform to trade altcoins using…
Equities markets in the United States rallied sharply on May 25 and 26 but Bitcoin (BTC) and altcoins have not followed a similar trajectory. This suggests that traders are not confident that the crypto markets have bottomed out yet. On-chain analytics firm Glassnode said that the number of Bitcoin whales has been reducing and on May 27, the metric fell…
Following two consecutive sessions of declines, DOT saw its price rebound on Friday, as it moved away from a multi-week low. While DOT rose away from these lows, RUNE dropped, with the token falling towards them. Prices of RUNE are down by over 10% as of writing. Polkadot (DOT) DOT was a notable mover during Friday’s session, as prices rebounded…
Russia’s Ministry of Finance is considering allowing the use of cryptocurrencies for international trade, local news outlet Interfax reported on Friday. “The issue of using such digital currencies as barter transactions for international settlements is being actively discussed,” said Ivan Chebeskov, director of the financial policy department of the Ministry of Finance, per the report. Russian officials have teased at…
The Russian Federation is reportedly considering accepting cryptocurrencies for international payments in response to Western sanctions against the country that were prompted by its full-scale invasion of Ukraine earlier this year. The Moscow-based Interfax news agency and Reuters reported Friday that Ivan Chebeskov, who heads the Financial Policy Division within Russia’s Finance Ministry, is actively considering the possibility of incorporating…
