The world is in the midst of a digital revolution and with it, the way we think about value is shifting. The application of nonfungible tokens (NFTs) to represent and transmit religious values and principles is one of the most fascinating manifestations of this new perspective. The NFT is a very new technology, but there’s a lot of excitement about…
Widely credited as the inventor of digital cash, David Chaum is sometimes known as the “father of online anonymity” or the “godfather of cryptocurrency,” whose work inspired the near-mythical group called the Cypherpunks from which Bitcoin emerged. Beginning his studies in computer science in the late 1970s, when encryption was classified at the same level as nuclear technology, Chaum quickly…
Bitcoin (BTC) touched $24,000 at the July 20 Wall Street open as the good times kept rolling for crypto markets. BTC/USD 1-day candle chart (Bitstamp). Source: TradingView BTC price rally “all macro driven” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD passing its latest milestone after a brief consolidation. Twenty-four-hour gains for the pair remained at nearly 8% and weekly…
Offices of Upbit and several other cryptocurrency exchanges were raided on Wednesday by a team of investigators probing a fraud case in connection with the collapse of Terraform Labs’ sister tokens TerraUSD (UST) and LUNA, according to a report by Yonhap News Agency. Per the report, the Seoul Southern District Prosecutors Office began seizing transaction records and other materials from…
Trading is not the only way to explore the world of digital currencies — you can create content, make Youtube videos, listen to podcasts, etc. When your friend or relative shares their success with crypto trading, you also feel driven toward it. As a result, people start with a minor trade and then expand to earn more substantial profits. Considering…
Metaverse protocol Caduceus is set to launch its native token CMP on digital asset platform ByBit this month. Billed as the “world’s first decentralized edge rendering metaverse protocol,” Caduceus promises to marry the technology of edge computing with blockchain, bringing more immersive experiences to the metaverse while ensuring user privacy through decentralization. “After almost three years of research and development,…
The central bank of Singapore will release plans next month to make the country a hub for bitcoin and other digital assets.Following the contagion outbreak, many companies hid behind the regulatory barriers of Singapore.The country seeks to protect consumers and investors by properly regulating these entities while encouraging businesses within the ecosystem. The Monetary Authority of Singapore (MAS) will release…
According to market analysts, the precious metal gold is officially in a bear market and prices could remain suppressed over the next few weeks. Moreover, while the macroeconomic backdrop has been gloomy, the popular safe haven asset has lost 17.50% in value against the U.S. dollar during the last four months. TD Securities Market Analysts Say Fed Hikes Could Erode…
The market capitalization of Tether (USDT), a United States dollar-pegged stablecoin, is currently over $65 billion. USD Coin (USDC), another stablecoin backed by the U.S. dollar, clocks in near $55 billion. Some reports estimate that the total market cap of dollar-backed stablecoins is over $160 billion. Despite this success of dollar-based stablecoins, there has not been a euro stablecoin that…
Zipmex, a Singapore-based digital assets trading platform, today announced that it is pausing customer withdrawals, The company took to Twitter on Wednesday to announce the move, citing “a combination of circumstances beyond our control” that made it take the decision. “Due to a combination of circumstances beyond our control including volatile market conditions, and the resulting financial difficulties of our…
