In brief Alchemy, best known for its Ethereum tools, now supports Solana development. The Solana kit is being released today in “gated beta” with wide availability promised soon. Alchemy, a company that styles itself as the Amazon Web Services of Web3, announced on Thursday that it is launching a suite of development tools for Solana—a move that could spur further…
The bill “On Digital Currency,” meant to comprehensively regulate crypto transactions in Russia, will be a “tough” law, according to the head of the State Duma Financial Market Committee. The legislation is yet to be finalized and will not be reviewed by lawmakers in the near future, Anatoly Aksakov revealed in an interview, despite Bank of Russia’s decision to drop…
As the heated up discussion around the ethical aspects of using fossil fuels in crypto mining remains one of the key topics for the industry, an unexpected partnership between a Denver-based mining company and the government of a gas-rich Middle Eastern country sets a horizon for a positive role of crypto in cutting the fossil fuels waste. On Wednesday, June…
A report published by the Economist paints a bright future for cryptocurrency adoption, with survey respondents anticipating growing demand in the near future. Economist Impact published findings of its ‘Digimentality Report’, delving into consumer trust in digital payments and the stumbling blocks that have hampered the digitization of basic monetary functions. The data obtained provide food for thought and perspective,…
The increase of crypto lobbyists recently sparked an effort from anti-crypto individuals in the tech space to urge regulators through a letter to resist the influence of blockchain advocates. In response, the crypto community criticized the move and laid out counterarguments against the contents of the letter. Signed by 26 tech personalities, the letter sent to United States lawmakers described…
Bitcoin (BTC) fell over 5% over the last day to retreat back under $30,000, wiping off most of its recent gains. The leading cryptocurrency gave investors a touch of hope at the start of the week after staging a mini-rally to first reclaim the $30,000 level on Monday before briefly surpassing $32,000 the following day. It was the first time…
India is the global leader in non-fungible token (NFT) gaming, while the number of play-to-earn (P2E) players in developed countries like the U.S. and France is significantly lower than in much of the rest of the world, the latest data from Finder has shown. More People Plan to Play in the Future According to Finder’s latest NFT gaming statistics, India…
South Korea, a nation known for its strict crypto regulatory stance, is betting big on the metaverse. The government will invest over 223.7 billion won ($177.1 million) directly in various metaverse projects. The decision to invest in the nascent metaverse tech makes South Korea one of the first national governments to do so. The investment came under the ‘Digital New…
Solana (SOL), the speedy layer-1 blockchain, shed 11.1% and currently trades at $39.72, according to data from CoinMarketCap. The ninth-largest cryptocurrency with a market capitalization of $13.5 billion is now down 84.7% from its all-time high of $260.06 recorded back in November 2021. The long-term bearish action on SOL wiped out tens of billions of dollars of investor wealth over…
The Monetary Authority of Singapore (MAS) has partnered with major banks and financial services companies to explore the uses of asset tokenization and decentralized finance (defi). DBS Bank and JPMorgan will pilot the first project. Project Guardian Launched The Monetary Authority of Singapore (MAS), the country’s central bank, announced Tuesday that it has partnered with the financial services industry to…
