Crypto markets turned bullish following an optimistic CPI report which suggested the worst of inflation may be over for the U.S. economy. The crypto market capitalization is up 2.7% to $945 billion in the last 24 hours, per data from Coingecko. Metaverse and NFT-related cryptocurrencies have also rallied alongside the broader market and posted hefty gains today. MANA, the token…
As the crypto space continues to expand into the mainstream, bridging the gap between digital currencies and fiat currency is a priority for many legacy financial institutions. Cryptocurrency exchange Huobi announced its partnership with Solaris, a European financial services provider, to launch a crypto-to-fiat debit card. The program, which Visa has approved, allows Huobi users to use their digital assets…
The music industry has not shied away from its keenness on adopting Web3 solutions. From nonfungible tokens (NFTs) helping artists connect with their communities to blockchain being used for various use cases including event ticketing. Another relevant implementation of the technology to be considered by industry insiders is how Web3 tools can help artists and companies manage music metadata. Cointelegraph…
A Belarusian citizen will have to pay a hefty fine for illegally organizing the exchange of cryptocurrencies online. Law enforcement authorities in the country, where certain crypto activities are legal, do not plan to impose other penalties besides the administrative measure. Cryptocurrency Trader Tries to Challenge Fine in Belarusian Court The Supreme Court of the Republic of Belarus has rejected…
Crypto winter continues to bite. Days after Coinbase announced slashing its workforce, Crypto.com revealed today that it too would reduce its global staff by 20%. In a letter sent to employees and shared on social media, Crypto.com co-founder and CEO Kris Marszalek said several factors, including ongoing economic headwinds and unforeseen industry events, played into the decision to reduce headcount.…
The conflict between banks and cryptocurrency exchanges in Chile is still developing, as some banks are reticent to serve this kind of institution. A new report prepared by exchanges reports that most of these banks refuse to include crypto companies as customers for risks that are nevertheless managed in the case of servicing other kinds of customers. Cryptocurrency Exchanges Still…
ARK Invest CEO Cathie Wood believes that digital wallets and blockchain tech were among “game-changing innovations” that the equity markets largely ignored in 2022. In a Jan. 12 blog post on the ARK Invest website, Wood suggested that the equity market faced a “wall of worry” in 2022, caused by fears of entrenched inflation and higher interest rates, and largely…
A climate tech investor has painted a bright view of the Bitcoin (BTC) network, suggesting BTC’s environmental positives outweigh its negatives by a whopping 31:1 ratio. On Jan. 12, self-proclaimed philanthropist and environmentalist Daniel Batten claimed in a Twitter thread that “Bitcoin is probably the most important ESG technology of our time.” According to Batten, the 31:1 positive impact ratio…
Hot on the heels of its Bitcoin (BTC) futures exchange-traded fund (ETF) in Hong Kong, Samsung Asset Management has indicated it’s considering the launch of a spot Bitcoin ETF on the city’s exchange if policies allow for it. In an interview with Bloomberg published on Jan. 13, Hong Kong chief executive for Samsung Asset Management, Sam Park, said: “It really…
Input Output Global (IOG) — the team behind the Cardano ecosystem — will release a software toolkit in late Jan. 2023 that will enable developers to deploy custom-built sidechains on Cardano aimed at improving the ecosystem. The news was announced by IOHK — a blockchain engineering company founded by Charles Hoskinson and now known as IOG — on Jan.12, which…
