Even with no physical headquarters and seemingly few regulations affecting its business practices, Binance could reportedly be worth three times as much as Coinbase if it were to go public today. According to a Nov. 11 report from the Wall Street Journal, former executives of the major cryptocurrency exchange estimated Binance could be worth up to $300 billion as a…
Russia wants a cut of bitcoin miners’ profits as the country’s hashrate grows. Lawmakers have proposed on November 11 to legalize the industry and created a working group to discuss the issue. Although mining isn’t illegal there, regulatory clarity still lacks and prevents government agencies from capitalizing. The State Duma, one of the chambers of the Russian parliament and legislative…
On November 10, the non-fungible token (NFT) marketplace Rarible.com and the Rarible protocol announced an integration with the Flow blockchain. The announcement details that Rarible users can now create, list, and trade Flow-based NFTs on the marketplace. Rarible Partners With Flow Blockchain The NFT market Rarible.com and the Rarible protocol have revealed the support of the Dapper Labs crafted blockchain…
One under the radar cryptocurrency-powered payment app that’s been gaining traction across Latin America is Reserve. The platform acts as a convenient way for people to convert their local currencies, which may be undergoing high inflation levels, to the United States Dollar via the Reserve stablecoin (RSV). The network also features the Reserve Rights token (RSR), which is used for…
The city of Miami will soon start giving bitcoin to its citizens, its mayor Francis Suarez announced on a CoinDesk TV interview Thursday morning. When asked if he envisioned bitcoin being used as cash, including as a tax payment method, Suarez confidently confirmed such intentions. “I do see very quickly a world where the Satoshi system is what is used…
The Russian State Hermitage Museum continues diving in the nonfungible tokens (NFTs) industry by debuting its first fully-virtual exhibition of digital art. Shortly after raising over $400,000 via its first NFT auction on Binance in September, the Hermitage is now hosting a free exhibition of NFT artworks existing exclusively in the virtual space, the so-called celestial hermitage, or the museums…
Miami Mayor Francis Suarez has again raised the stakes as to which city in the U.S. will become the countrys crypto hub. Suarez announced today on CoinDesk TV that the city would be staking (i.e. locking up cryptocurrencies to earn yield) a large portion of its native cryptocurrency, MiamiCoin, to earn yield in Bitcoin. Whats more, he said Miami will…
In mid-September China’s Evergrande Group, the country’s second-largest property developer by sales, sparked fear in the global economy as the company’s market valuation plummeted to an 11-year low. Global economists have warned that if Evergrande defaults on its debts, it could start a credit contagion similar to the Lehman Brothers bankruptcy in 2007. So far, Evergrande has managed to dodge…
In brief Auction house Sothebys will sell a pair of Banksy pieces next week and take bids in ETH. The final hammer price can be paid in Bitcoin, ETH, USDC, or fiat currency. Sothebys recently stepped up its crypto market play with the launch of its Metaverse online NFT marketplace, which yielded multi-million-dollar sales during its initial auction. Now the…
United States crypto exchange FTX US registered a large uptick in trading volumes and investor activity during the third quarter, underscoring heightened retail appetite for digital assets amid the volat bull market. FTX US saw average daily volume grow 512% for the quarter ending in September, with peak volumes hitting $807 million on Sept. 7, owner West Realm Shire Services…
